The dibenzyl toluene market is currently valued at more than US$ 54 Mn and is projected to grow at a CAGR of 3.4% over the forecast period (2020-2030). Dibenzyl toluene is one of the key components for maintaining proper temperatures in closed equipment and systems. Moreover, demand for dibenzyl toluene for its application as dielectric and heat transfer fluid in South Asia & Oceania and East Asia is increasing on a significant pace, owing to rise in chemical, petrochemical, and pharmaceutical production in these regions.
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The emergence of dibenzyl toluene as a new class of liquid organic hydrogen carrier compounds (LOHC) is set to provide impetus to the market in long-run. In addition, the compound is industrially manufactured and used in closed systems, which minimizes exposure potential and release to the environment.
Key Takeaways of Global Dibenzyl Toluene Market Study
- The global dibenzyl toluene market is anticipated to create a value opportunity of US$ 21Mn during the forecast period, expanding 1.4X over 2020.
- Use of dibenzyl toluene as heat transfer fluid is estimated to account for more than 55% share of the market revenue in 2020, and lose 40 BPS in its market share by 2030 over 2020.
- Dielectric fluid application is anticipated to gain around 40BPS during the forecast period.
- Europe holds the leading share, followed by North America and East Asia.
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Dibenzyl Toluene Market Segmentation
Fact.MR has studied the dibenzyl toluene market with detailed segmentation on the basis of grade, application, end-use industry and key regions.
- Dielectric Fluid
- Heat Transfer Fluid
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Threats of New Entrants Remain Low in Dibenzyl Toluene Market
The dibenzyl toluene market is highly consolidated with key players such as Arkema and Eastman Chemicals accounting for relatively high revenue share than other players. Penetration of the new entrants is highly unlikely, owing to periodical demand for dibenzyl toluene across end-use industries and presence of better substitutes over DBT. Merger & acquisition remain key focus areas of the top players to continue to maintain a strategic position in the market. For instance, in April 2019, Eastman acquired Marlotherm heat transfer fluids manufacturing assets from Sasol to expand its product offerings.
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