Feb 10, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Divinylbenzene Market.
It was estimated prior to this unanticipated outbreak that the Divinylbenzene Market is likely to witness an impressive CAGR of 5.6% during the forecast period. Growing automotive sector, rising urban population, and increasing R&D activities in the healthcare industry are some of the major factors fueling the growth of the market during the forecast period.
Divinylbenzene is a colorless liquid hydrocarbon, which is manufactured by the thermal dehydrogenation of isomeric diethylbenzenes.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the type, the market is segmented as DVB 55%, DVB 63%, DVB 80%, and others. DVB 63% is estimated to witness significant growth in the market during the forecast period on account of increasing utilization of polymers in chemical & manufacturing industries, fueling the segment growth in the market.
Based on the application type, the market is segmented as ion exchange resins, chromatographic resins, adhesives & coatings, ceramics, plastic & elastomers, and others. Adhesives & coatings are estimated to account for the major share of the market during the forecast period owing to the rising demand for convenience food and sustainable packaging products as a result of growing environmental awareness among consumers. Further, ion exchange resin is also estimated to hold significant share of the market on account of growing usage for purification of food and potable water.
In terms of regions, Asia-Pacific is estimated to be the leading region in the divinylbenzene market on account of increasing demand for ion exchange resins from water & wastewater treatment sector, and rising construction activities in the region during the forecast period. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.
Key players operating in the global Divinylbenzene market are-
DuPont de Nemours, Inc.
Jiangsu Danhua Group Co. Ltd.
Nippon Steel Chemical & Material Co., Ltd.
Shandong Bluestar Dongda Co., Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Divinylbenzene analysis report discusses the following heads in great detail:
Market structure: Overview, industry life cycle analysis, supply chain analysis
COVID-19 Impact Assessment
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors