As per Future Market Insights, the Dibutyl Ether market is anticipated to attain a value pool of US$ 4 Billion by 2023-end. Global demand for Dibutyl Ether is expected to rise at a CAGR of 5.8% to US$ 7 Billion in 2033.
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| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 4 Billion |
| Projected Market Value in 2033 | US$ 7 Billion |
| Growth Rate (2023 to 2033) | 5.8% CAGR |
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According to latest research, The Dibutyl Ether market is projected to expand between 4.0% and 6.0% CAGR during the assessment period 2021-2031. The growth of the market can be attributed to increase in the demand of specialty chemicals all over the globe.
Dibutyl ether is an excellent choice of solvent both available for both technically and commercially for a wide range of synthetic reactions and processes where its low water and peroxide content and high boiling point allows for higher process temperatures.
The flash point of the product is higher than any other conventional solvents adding to its safety aspects, and it is a much easier solvent to recover after use than THF, thus making process economic feasible. The growing demand for improved properties and quality is expected to provide growth opportunities for the products market.
Major factors driving the market are the growing demand from the chemical industries which are present all over the world. Companies are striving to adopt environment-friendly and efficient chemical preparation techniques.
This compound is used as a solvent for Grignard synthesis which is used in the synthesis of alcohols, acetals, ketones, aldehydes, ethers carboxylic acides, esters, ethers, amino compounds, vinyl compounds, organo sulfer compounds, acetylenic compounds, and organometallic compounds. It has aprotic qualities. High economic growth and increase in population are expected to drive the industrial sector, thereby propelling the demand for dibutyl ether in industrial chemical applications.
Principal Consultant
Increasing demand from the chemical industries is one of the major factors driving the world’s dibutyl ether market. This compound acts as a major ingredient in the formation of many specialty and fine chemicals in the chemicals industry as it is used in the synthesis of Grignard reagent which is the major ingredient in the industries.
The growing specialty chemicals industry is anticipated to account for the biggest share of the overall compounds market during the forecast period.
This compound also acts a good solvent for oils and fats and some natural and synthetic resins. Its properties make it robust for use with either alkalis or organic acids. It is used in the manufacturing process of a number of pharmaceutical API’s such as cefaclor and Procarbazine. It is also used in the manufacture of agrochemicals such as Cyhexatin.
APAC is estimated to be the largest market for dibutyl ether in forecasted period. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy.
The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for the product in specialty chemicals applications where it acts as one of the major solvent.
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North America is also expected to witness significant market growth of this compound on account of rising production in pesticides and fertilizers industries over the forecast period. However, Demand in this region is supposed to grow at a moderate pace due to the slowdown in production in end use industries.
The capacity additions in the region of US and Canada are predicted to increase the market call over the outlook period.
Some of the leading manufacturers and suppliers include
Several key market participants are focusing on new & innovative product development to cater the growing demand from the end use sector. Key players are investing an enormous amount in research and development to introduce new products and they are also investing to manufacture products in a sustainable way, to decrease the carbon emission. Key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Dibutyl Ether Market
