About Double Benzyl toluene (DBT) Industry
Double Benzyl Toluene (DBT) is a chemical compound derived from toluene. It's a clear, viscous liquid with a faint aromatic odor. DBT has several unique properties that make it valuable in various industrial applications. These properties including Low viscosity and low pour point, High thermal stability, Excellent lubricity. The global DBT market is expected to grow steadily in the coming years, driven by increasing demand from the lubricants, heat transfer fluids, and plastics industries. The growing demand for high-performance lubricants in the automotive and aerospace industries is a major factor driving market growth. Additionally, the increasing use of DBT in heat transfer fluids for industrial processes and power generation is expected to boost market demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The DBT market is moderately concentrated with a few major players. Competition is driven by factors such as cost, quality, innovation, and sustainability. The market is expected to experience moderate growth in the coming years, driven by increasing demand from the chemical, plastics, and rubber industries. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Double Benzyl toluene (DBT) Industry market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TotalEnergies (France), Sasol (South Africa), Shandong Innova Chemical Co., Ltd. (China), Vertellus Holdings LLC (United States), LANXESS AG (Germany), Clariant AG (Switzerland), BASF SE (Germany), Evonik Industries AG (Germany), Yantai Jinzheng (China) and Xinji Xinneng (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Yantai Jinzheng Fine Chemical Co., Ltd. (China), Dow Chemicals (United States), LyondellBasell Industries Holdings B.V. (Netherland), Soken Tecnix Co Ltd. (Japan) and Jiangsu Gaoke Petrochemical Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Double Benzyl toluene (DBT) Industry market by , Application (Lubricants, Heat Transfer Fluids, Plasticizers, Additive and Others) and Region.
On the basis of geography, the market of Double Benzyl toluene (DBT) Industry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Double Benzyl toluene (DBT) Industry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increasing demand for high-performance lubricants
Market Growth Drivers:
Growing Demand for Plastics and Polymers and Increasing use in the pharmaceutical industry
Challenges:
Fluctuating Raw Material Prices
Restraints:
Rising environmental concerns
Opportunities:
Enhancement of Technologies like continuous flow reactors and Expanding applications in various industries
Market Leaders and their expansionary development strategies
In October 2023, Evonik has signed an agreement to develop, scale up and produce proprietary fixed bed catalysts for mobile applications of Hydrogenious LOHC Technologies’ proprietary liquid organic hydrogen carrier (LOHC) technology based on benzyl toluene (BT).
In June 2023, TOTAL partnered with a Chinese chemical company to establish a joint venture for DBT production in China, targeting the rapidly growing Asian market. The specific terms of the joint venture agreement, including production capacity and profit sharing, remain unknown.
Key Target Audience
Manufacturer, Government Bodies, Potential Investors, Market Research and Consultancy Firms, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.