Global Divinylbenzene Market

Divinylbenzene Market Size, Share, Growth Analysis, By Type(DVB 50, DVB 63, DVB 80, and Others), By Application(Ion Exchange Resins, Chromatographic Resins, Adhesives & Coatings, Ceramics), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2371 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 67 |Figures: 80

Divinylbenzene Market Insights

Global Divinylbenzene Market size was valued at USD 76.00 million in 2022 and is poised to grow from USD 79.20 million in 2023 to USD 110.06 million by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

The global divinylbenzene market has experienced notable expansion and transformation in recent times. Divinylbenzene (DVB) is a chemical compound primarily employed in the manufacturing of cross-linked polymers, such as ion-exchange resins and chromatography resins.

These resins have widespread applications across various industries, including pharmaceuticals, water treatment, petrochemicals, and electronics. One of the primary catalysts driving growth in the divinylbenzene market is the escalating demand for high-performance resins in water treatment procedures, especially in the elimination of heavy metals and other impurities.

Furthermore, the expansion of the pharmaceutical and healthcare sectors has generated an increased requirement for chromatography resins, thereby further stimulating the demand for DVB.

Environmental regulations promoting the adoption of eco-friendly and effective purification methods, often involving DVB-based resins, have also exerted an impact on the market. Consequently, manufacturers have been actively engaged in innovation to create novel and enhanced DVB products that align with these stringent standards.

Market Snapshot - 2024-2031

Global Market Size

USD 76.00 million

Largest Segment

DVB 80

Fastest Growth

DVB 50

Growth Rate

4.2% CAGR

Global Divinylbenzene Market ($ Mn)
Country Share for Asia Pacific Region (%)

To get more reports on the above market click here to Buy The Report

Divinylbenzene Market Segmental Analysis

By type, the market is segmented into DVB 50, DVB 63, DVB 80, Others. By application, the market is segmented into Ion exchange resins, chromatographic resins, adhesives & coatings, ceramics, plastic & elastomers, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis By Type

In the global divinylbenzene market, DVB 80, also known as divinylbenzene with an 80% concentration, is poised to emerge as the dominant player within the global divinylbenzene market. This particular variant of DVB finds widespread utilization across a spectrum of applications, encompassing the manufacturing of ion-exchange resins, adsorbents, and catalyst supports. Its remarkable versatility and exceptional performance attributes render it the preferred choice for numerous industrial processes.

On the other hand, the segment labeled as others within the Divinylbenzene market is the fastest growing segment and represents a diverse array of DVB variations, each possessing distinctive characteristics or catering to niche applications. This segment is poised for accelerated growth due to its inclusion of specialized formulations of Divinylbenzene designed to meet the unique needs of specific industries or emerging technologies. Ongoing innovations and advancements within this category could lead to swift expansion, particularly as novel applications continue to emerge.

Analysis By Application

In the global divinylbenzene market, Ion exchange resins is the dominant segment. Divinylbenzene has traditionally found extensive use in ion exchange resins, representing a prominent application. These resins enjoy widespread adoption across various industries for purposes such as water purification, water softening, and chemical separation processes. They play pivotal roles in sectors like water treatment, pharmaceuticals, food and beverage processing, among others. The demand for ion exchange resins remains consistently strong, given their indispensable role in addressing water and wastewater treatment challenges.

On the other hand, within the global divinylbenzene market, one of the fastest growing expanding sectors is chromatographic resins. This growth can be attributed to the escalating demand for chromatography in pharmaceuticals, biotechnology, and research applications. Chromatography serves as a fundamental tool for the isolation and refinement of biomolecules and pharmaceutical compounds. With the biopharmaceutical industry's continuous expansion and ongoing healthcare research, there is an increasing requirement for top-tier chromatographic resins, many of which incorporate Divinylbenzene as a pivotal constituent.

Global Divinylbenzene Market By Type, 2023 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Divinylbenzene Market Regional Insights

Asia-Pacific has generally led the divinylbenzene market. The thriving chemical industries in nations like Japan, China, and South Korea create a growing demand for DVB. It can be used as a raw material in various applications like the production of specialty polymers, ion exchange resins, and catalysts. APAC’S industrial growth and advanced manufacturing capabilities cement its dominance in the DVB market.

North America, specifically the United States, has shown rapid growth in the market, which can be credited to rising investments in the chemical sector, heightened demand for ion exchange resins in water treatment applications, and an emphasis on developing innovative materials for a variety of industries. The demand for DVB in North America has risen due to an increased employment of ion exchange resins, thanks to stricter environmental regulations.

Global Divinylbenzene Market By Region, 2024-2031
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Divinylbenzene Market Dynamics

Drivers

Increasing Demand in Polymer and Resin Production:

  • Divinylbenzene is an essential raw material in the manufacturing of cross-linked polymers and resins, which are typically utilized in ion exchange resins and adsorbent resins. As industries like pharmaceuticals, water treatment, and electronics grow, the demand for ion exchange and adsorbent resins will follow, thus pushing the demand for divinylbenzene.

Growth in End-User Industries:

  • The global divinylbenzene market is positively influenced by the growth of end-user industries such as automotive, construction, and electronics. DVB is used in various applications within these industries, including coatings, adhesives, and composites. As these industries expand, the demand for divinylbenzene-based products also increases.

Restraints

Environmental Regulations and Health Concerns:

  • Certain chemicals used in the manufacturing of divinylbenzene and its derivatives are controlled by environmental regulations and concerns. These restraints can inhibit market growth. Manufacturers may run into compliance challenges after governments and regulatory bodies worldwide have put down stricter safety standards on usage of dangerous chemicals. In order to target recommended sustainable practices, producers must invest in greener alternatives and processes.

Price Volatility of Raw Materials:

  • The raw materials used in the manufacturing of divinylbenzene, like styrene and ethylene, are prone to price fluctuations. This volatile nature of the raw material price can be a major market constraint. These fluctuations, driven by economic, political, and environmental factors, can drive higher production costs of divinylbenzene, which will negatively affect market growth.

Request Free Customization of this report to help us to meet your business objectives.

Divinylbenzene Market Competitive Landscape

The global divinylbenzene market is marked by a competitive landscape full of several key players striving to gain and retain market share. The industry’s prominent players include Nippon Steel Chemical & Material Co., Ltd., Dow Chemical Company, Mitsubishi Chemical Corporation, and Merck KGaA.

These firms use several tactics to keep their share of the market. These strategies to maintain their competitive advantage include product innovation, collaborations and partnerships, and geographic expansion.

These players emphasize the development of high-quality divinylbenzene grades and product diversification. This trend drives the use of these products in various applications like water treatment, chromatography resins, and pharmaceuticals.

These players are making heavy investments to develop sustainable recycling solutions and green manufacturing processes, in alignment with environmental regulations and sustainability initiatives worldwide. The market's heated competition is influenced by the consolidation of smaller players which they achieve through mergers and acquisitions, in order to combine resources and have a better chance of gaining market share.

Top Player’s Company Profile

  • Chevron Phillips Chemical Company (USA)
  • Nippon Steel Chemical Co., Ltd. (Japan)
  • Formosa Plastics Corporation (Taiwan)
  • Eastman Chemical Company (USA)
  • LG Chem (South Korea)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • AkzoNobel N.V. (Netherlands)
  • Evonik Industries AG (Germany)
  • Royal Dutch Shell Plc (Netherlands)
  • Sinopec Group (China)
  • Idemitsu Kosan Co., Ltd. (Japan)
  • Honeywell International Inc. (USA)
  • BASF SE (Germany)
  • LyondellBasell Industries N.V. (Netherlands)
  • Asahi Kasei Corporation (Japan)
  • Solvay S.A. (Belgium)
  • JXTG Holdings, Inc. (Japan)
  • Styron (Trinseo) (USA)
  • PTT Global Chemical Public Company Limited (Thailand)
  • Versalis S.p.A. (Italy)
  • Merck KGaA (Germany)
  • SABIC (Saudi Arabia)

Recent Developments

  • In September 2023, Deltech Corporation, a major player in providing high-performance Aromatic Monomers to the Adhesives & Sealants market, announced the introduction of a new range of DVB products designed for the electronics industry. This is a strategic shift put in place to ensure that Deltech Corporation remains competitive in the market and the electronics industry and that its products can address the unique requirements for different electronic applications.

     

  • In August 2023, the Japanese company Nippon Steel Chemical, known globally as the sole manufacturer of metal catalyst carriers, announced its development of a new production process for GVB. This radically new approach is bound to surpass the traditional DVB manufacturing methods in terms of efficiency and environmental sustainability route to raising the bar for DVB production technologies.

     

  • In July 2023, the DVB plant of Jiangsu Evergreen Chemical, the leading chemical engineering firm, hosted the grand opening ceremony in China. The plant, which is equipped with 100, 000 tons of DVB and the quantity is increased with the aim of corresponding to the rising market of DVB in the country, is a clear indication of Jiangsu Evergreen Chemical Company is dedicated to meet the increasing market demand and expand its manufacturing capacity.

Divinylbenzene Key Market Trends

  • Shifting Focus towards Sustainable and Bio-based Alternatives: Recently, the chemical industry is placing their focus on sustainability and responsibility towards the environment. This trend has affected the divinylbenzene market as well. This trend is in line with the efforts in reducing the environmental impact of chemical production. The market is now prioritizing the production of green bio-based options. Researchers and producers are partnering up to look for production methods that align with this trend. Manufacturing of divinylbenzene with renewable feedstocks is one great option for sustainable production processes. This trend has also fueled an interest in eco-friendly alternatives for DVB.
  • Growing Demand for Divinylbenzene in the Polymer Industry: Divinylbenzene (DVB) is typically used as a crosslinking agent in the manufacturing of high-performance resins and polymers. A notable trend in this market is the polymer industry’s heightened demand. In order to improve thermal and mechanical properties, polymer and resin producers are on the lookout for alternative materials. DVB can improve crosslinking density of polymers, guaranteeing higher durability and stability. Construction, automotive, and electronics industries will fuel this trend to fulfill requirements for advanced materials with improved properties.

Divinylbenzene Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global divinylbenzene market analysis, the market has experienced significant growth in recent years, driven by its widespread applications in various industries. Divinylbenzene (DVB) is a chemical compound primarily used as a crosslinking agent in the production of ion-exchange resins and polymer beads. These resins find extensive use in water treatment, pharmaceuticals, and chemical processing, contributing to the market's expansion. One of the key drivers for the market is the increasing demand for clean and safe drinking water worldwide, leading to a rising need for ion-exchange resins for water purification. Additionally, the pharmaceutical sector relies on DVB-based resins for drug development and purification processes, further boosting market growth. The market is also influenced by advancements in manufacturing processes, enhancing the quality and purity of divinylbenzene products. However, fluctuations in raw material prices, regulatory constraints, and environmental concerns regarding its production may pose challenges. Geographically, Asia-Pacific is a prominent region in the divinylbenzene market due to its growing industrial base, while North America contributes significantly. As industries continue to expand, and the importance of purification and separation processes grows, the global divinylbenzene market is expected to maintain a positive trajectory in the foreseeable future.

Report Metric Details
Market size value in 2023 USD 76.00 million
Market size value in 2031 USD 110.06 million
Growth Rate 4.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • DVB 50, DVB 63, DVB 80, and Others
  • Application
    • Ion Exchange Resins, Chromatographic Resins, Adhesives & Coatings, Ceramics, Plastic & Elastomers, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Chevron Phillips Chemical Company (USA)
  • Nippon Steel Chemical Co., Ltd. (Japan)
  • Formosa Plastics Corporation (Taiwan)
  • Eastman Chemical Company (USA)
  • LG Chem (South Korea)
  • Sumitomo Chemical Co., Ltd. (Japan)
  • AkzoNobel N.V. (Netherlands)
  • Evonik Industries AG (Germany)
  • Royal Dutch Shell Plc (Netherlands)
  • Sinopec Group (China)
  • Idemitsu Kosan Co., Ltd. (Japan)
  • Honeywell International Inc. (USA)
  • BASF SE (Germany)
  • LyondellBasell Industries N.V. (Netherlands)
  • Asahi Kasei Corporation (Japan)
  • Solvay S.A. (Belgium)
  • JXTG Holdings, Inc. (Japan)
  • Styron (Trinseo) (USA)
  • PTT Global Chemical Public Company Limited (Thailand)
  • Versalis S.p.A. (Italy)
  • Merck KGaA (Germany)
  • SABIC (Saudi Arabia)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Divinylbenzene Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Divinylbenzene Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Divinylbenzene Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Divinylbenzene Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Divinylbenzene Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Divinylbenzene Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Divinylbenzene Market size was valued at USD 76.00 million in 2022 and is poised to grow from USD 79.20 million in 2023 to USD 110.06 million by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).

The divinylbenzene market is marked by a competitive landscape full of several key players striving to gain and retain market share. The industry’s prominent players include Nippon Steel Chemical & Material Co., Ltd., Dow Chemical Company, Mitsubishi Chemical Corporation, and Merck KGaA. 'Dow Chemical Company (USA)', 'Chevron Phillips Chemical Company (USA)', 'Nippon Steel Chemical Co., Ltd. (Japan)', 'Formosa Plastics Corporation (Taiwan)', 'Eastman Chemical Company (USA)', 'Mitsubishi Chemical Corporation (Japan)', 'LG Chem (South Korea)', 'Sumitomo Chemical Co., Ltd. (Japan)', 'AkzoNobel N.V. (Netherlands)', 'Evonik Industries AG (Germany)', 'Royal Dutch Shell Plc (Netherlands)', 'Sinopec Group (China)', 'Idemitsu Kosan Co., Ltd. (Japan)', 'Honeywell International Inc. (USA)', 'BASF SE (Germany)', 'LyondellBasell Industries N.V. (Netherlands)', 'INEOS Group (Switzerland)', 'Asahi Kasei Corporation (Japan)', 'Solvay S.A. (Belgium)', 'JXTG Holdings, Inc. (Japan)', 'Styron (Trinseo) (USA)', 'PTT Chemical Public Company Limited (Thailand)', 'Versalis S.p.A. (Italy)', 'Merck KGaA (Germany)', 'SABIC (Saudi Arabia)'

Divinylbenzene is an essential raw material in the manufacturing of cross-linked polymers and resins, which are typically utilized in ion exchange resins and adsorbent resins. As industries like pharmaceuticals, water treatment, and electronics grow, the demand for ion exchange and adsorbent resins will follow, thus pushing the demand for divinylbenzene.

Shifting Focus towards Sustainable and Bio-based Alternatives: Recently, the chemical industry is placing their focus on sustainability and responsibility towards the environment. This trend has affected the divinylbenzene market as well. This trend is in line with the efforts in reducing the environmental impact of chemical production. The market is now prioritizing the production of green bio-based options. Researchers and producers are partnering up to look for production methods that align with this trend. Manufacturing of divinylbenzene with renewable feedstocks is one great option for sustainable production processes. This trend has also fueled an interest in eco-friendly alternatives for DVB.

Asia-Pacific has generally led the divinylbenzene market. The thriving chemical industries in nations like Japan, China, and South Korea create a growing demand for DVB. It can be used as a raw material in various applications like the production of specialty polymers, ion exchange resins, and catalysts. APAC’S industrial growth and advanced manufacturing capabilities cement its dominance in the DVB market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Divinylbenzene Market

Product ID: SQMIG15E2371

$5,300
BUY NOW GET FREE SAMPLE