Diphenylamine Market is projected to grow at a CAGR of 4.35% by 2030
According to ChemAnalyst report, “Global Diphenylamine Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Diphenylamine market witnessed a strong demand in the past five years and is anticipated to achieve a healthy CAGR of 4.35% during the forecast period. Diphenylamine has application in various sectors including antioxidants, chemical intermediate, fungicide, dyes, gunpowder stabilizing mechanisms etc.
Diphenylamine is an organic compound and a derivative of aniline synthesized by heating aniline in the presence of aniline hydrochloride. It is a colorless-to-brown crystalline solid having floral odor. It dissolves well in most organic solvents and hardly soluble in water. Due to its high solvency diphenylamine is used in many applications which includes automotive, agriculture, plastics and rubber, cosmetics and personal care, and others. DPA is mostly utilized as antioxidant or used in the food industry for storage and pest control. It is also used as a stabilizer of nitrocellulose explosives and solid-fuel rocket propellants. It is also extensively utilized as an antioxidant in mineral oils and synthetic lubricants. Growing demand of diphenylamine as an antioxidant in lubricants coupled with increasing application of diphenylamine in other areas such as chemical intermediate and fungicides is anticipated to drive the demand of diphenylamine in the forecast period.
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In COVID-19 pandemic, there was drastic impact on numerous industries including Chemical industry due to nationwide lockdowns imposed by the major economies across the world. As manufacturing Plants went non-operational there was the disturbance in the demand and supply chain. Additionally, it is used in lubricants to increase engine oil proficiency in automobiles therefore, hinderance in transportation amid lockdowns decrease its demand in the market. However, high demand from several end use sectors like Automobile, Chemicals, Agriculture, Plastics & Rubber, Cosmetics etc. are also an influencing factor supporting demand rise during the forecast period.
Region wise, Asia pacific holds the major share of global demand for Diphenylamine owing to increasing demand of application industries such as automotive, and rubber. Moreover, increasing demand of electric vehicles is also an influencing factor creating demand for diphenylamine in Asia Pacific. Moreover, a moderate growth in the demand of Diphenylamine in Europe and North America is expected in the forecast period due to the stringent government regulations and health risks pertaining DPA.
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According to ChemAnalyst report, “Global Market By Global Diphenylamine Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030, Some of the leading players of Diphenylamine market are BASF SE, Huntsman International, Lanxess. The Lubrizol Corporation, Merck kGaA, Seiko Chemical Co. Ltd, Eastman Chemical Company, Duslo a.s., Songwon, Nantong Xinbang Chemical Technology, Jiangsu Feiya Chemical Industry Co. Ltd.
“Being linked to the automotive and Plastics & Rubber industries which are growing owing to the increasing population and rapid industrialization, the demand for Diphenylamine is consequently increasing globally. High demand for diphenylamine as an anti-scalding agent is also an influencing factor supporting demand rise for DPA. Moreover, it is also employed as a fungicide and anthelmintic. Therefore, upsurge in agriculture sector is also going to project its demand in the forecast period. With new competitors emerging across the Asia Pacific Diphenylamine market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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