Pune, India, July 3, 2017 /MRFR Press Release/- Market research future published a half cooked research report on global Diisopropylbenzene system market forecast to 2023
APAC region is anticipated to lead the market during the forecast period due to the high consumption of diisopropylbenzene in the growing polymers industry including the countries China, India, Japan, South Korea, and others countries. Diisopropylbenzene is highly used in stabilizers, polymers, synthetic lubricants, hydroperoxides, and others. In addition to this, China, a country with large population, make a great development in the construction sector. Owing to the increase population and the development of industrialization and urbanization is becoming the driving factors to Chinese construction industry and likewise polymer and diisopropylbenzene industry. China is major dominating country owing to large scale production and consumption of its isomers such as o-diisopropylbenzene, m-diisopropylbenzene, and p-diisopropylbenzene.
The growth of Asia Pacific diisopropylbenzene market is driven by the rising demand of diisopropylbenzene in various isomers such as o-diisopropylbenzene, m-diisopropylbenzene, and p-diisopropylbenzene. Furthermore, the consumption of synthetic lubricants, in APAC region is high in China, followed by Japan, Taiwan, Korea, and India which propel the demand of diisopropylbenzene market. The major drivers of synthetic lubricants in this region are growing automotive industry, industrialization, increased consumer awareness, and stringent government regulations. Hence increasing demand for synthetic lubricants has been the major driver for diisopropylbenzene market growth. Furthermore, the rapid industrialization in BRIC nations is the major reasons driving the lubricants market. Moreover, stringent environmental regulations by governments to use synthetic lubricants for better productivity have also increased the demand for lubricant products. On the other hand, high prices of synthetic lubricants is expected to hamper the diisopropylbenzene market growth.
Whereas, North America hold second position for global diisopropylbenzene market followed by Europe region. Moreover, Middle East, Latin America and South Africa is an emerging region for diisopropylbenzene market due to increasing consumption of diisopropylbenzene in various applications such as stabilizers, polymers, synthetic lubricants, hydroperoxides, and others.
Global Diisopropylbenzene Market by Region (2016-2023)
The Asia Pacific region diisopropylbenzene market also provides an extensive range of manufacture such as TCI (Shanghai) Development Co., Ltd. (China), Hangzhou Yuhao Chemical Technology Co., Ltd. (China), CHMA Chemical Technology (Shanghai) Co., Ltd (China), and others.
The global diisopropylbenzene market is majorly segmented on the basis of isomers, application, and region. Based on isomers of diisopropylbenzene the market is segmented into o-diisopropylbenzene, m-diisopropylbenzene, and p-diisopropylbenzene. Based on application of diisopropylbenzene the market is segmented stabilizers, polymers, synthetic lubricants, hydroperoxides, and others. On the other hand, based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
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