Diisopropylbenzene Market Summary
As per Market Research Future Analysis, the Global Diisopropylbenzene Market was valued at USD 122.1 Million in 2022 and is projected to grow from USD 24.1 Million in 2023 to USD 178.1 Million by 2032, with a CAGR of 4.10% during the forecast period. Diisopropylbenzene, also known as 4-Isopropylcumene Benzene, is primarily used as an intermediate in the production of synthetic lubricants, stabilizers, and polymers. The largest market for diisopropylbenzene is in the Asia Pacific region, driven by demand in China and India, followed by North America and Europe. The market is segmented by isomers, applications, and regions, with key players including Eastman Chemical Company, Santa Cruz Biotechnology, and Arkema Group.
Key Market Trends & Highlights
The diisopropylbenzene market is witnessing significant growth driven by various applications.
- Asia Pacific is the largest market, driven by demand for polymers and synthetic lubricants.
- North America shows growth due to applications in stabilizers and polymers.
- Europe ranks as the third largest market for diisopropylbenzene.
- Latin America and the Middle East are also experiencing growth due to diverse applications.
Market Size & Forecast
| 2022 Market Size | USD 122.1 Million |
| 2023 Market Size | USD 24.1 Million |
| 2032 Market Size | USD 178.1 Million |
Major Players
Eastman Chemical Company (US), Santa Cruz Biotechnology, Inc (US), TCI (Shanghai) Development Co., Ltd. (China), Arkema Group (Europe), Hangzhou Yuhao Chemical Technology Co., Ltd. (China), CHMA Chemical Technology (Shanghai) Co., Ltd (China), Mitsui Chemicals, Inc. (US), Rhein Chemie Corporation (US), Matrix Scientific, Inc, Sigma-Aldrich Co. LLC (US)
Leave a Comment