Mandating The Use Of The Lohc Technique For The Supply Of Hydrogen In The Near Future Is Set To Drive Demand For Dibenzyl Toluene Market

Market Snapshot
Global dibenzyl toluene market to progress at a CAGR of 3.3% and reach a valuation of US$ 77 Mn by 2031. Currently, dibenzyl toluene captures 3.6% consumption share amongst all heat transfer fluids.

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Overall, dibenzyl toluene consumption is set to reach 13 KT by the end of 2031, at a forecast volume CAGR of 2.8%. Moreover, dibenzyl toluene production in 2021 is estimated to surpass 9.8 KT, with approximately 33% of its total production being consumed in the European region, states Fact.MR, a market research and competitive intelligence provider.

Of the prominent applications of dibenzyl toluene (dielectric fluid, heat transfer fluid, and others), its use as a DBT dielectric fluid to cool down high-voltage cables, transformers, capacitance generating devices, and various other high-voltage applications is poised to multiply 1.4X.

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Key Segments in Dibenzyl Toluene Industry Survey

By Grade
98% Dibenzyl Toluene

By Application
Dielectric Fluid
Heat Transfer Fluid
Others

By End-use Industry
Dibenzyl Toluene for Chemicals
Dibenzyl Toluene for Petrochemicals
Dibenzyl Toluene for Plastics & Rubber
Dibenzyl Toluene for Oil & Gas
Dibenzyl Toluene for Pharmaceuticals
Others

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Key Companies Profiled
Arkema
Eastman Chemicals
Hydrogenious GmbH
Soken Technix
Yantai Jinzheng

Which Application of Dibenzyl Toluene is Anticipated to Dominate Global Revenue Share?
DBT is commercially used as a heat transfer fluid under the trade name Marlotherm, supplied and manufactured by Sasol. DBT has been extensively used as a heat transfer fluid over the past two decades owing to its high performance at exceptional temperature in Industries.

DBT is commonly used in heat transfer equipment in pharmaceutical, plastic, rubber, and other specialty chemical industries. DBT can withstand temperatures ranging from 0 degrees C to 350 degrees C.

More than 15 metric tons, on an average, is charged into industries as heat transfer fluids. Moreover, its properties such as limited product decomposition, high flash point, low cold viscosity during shutdowns, ease of oil handling, and a bunch of other properties makes DBT a promising material for usage in chemical manufacturing plants.

Majority of users have shifted the demand curve of DBT. Moreover, increase in supply is also observed in the production of Arkema, Sasol (Eastman) and other companies, owing to increases demand for dibenzyl toluene.

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Historical Analysis (2016 to 2020) Vs Future Projections (2021 to 2031) for Dibenzyl Toluene Demand
According to Fact.MR, over the past half-decade, global volume consumption of dibenzyl toluene increased at a CAGR of around 2.4% and reached around 10 KT, of which, DBT as a heat transfer fluid accounted for around 4/7 of total consumption. Advanced properties of dibenzyl toluene such as its efficient cooling and high temperature-resistant properties allowed it to play a notable role in LOHC (Liquid Organic Hydrogen Carrier) systems.

Attributed to technological advancements of dibenzyl toluene in recent years, positive growth of around 2.9% CAGR is being projected for the APEJ region over the forecast period. Further, use of dibenzyl toluene in petrochemicals is expected to expand 1.4X by 2031-end.

For More Insights- https://www.einpresswire.com/article/556502949/growing-demand-for-sanitizers-during-pandemic-gives-traction-to-the-market-for-99-triethanolamine

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