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Global Divinylbenzene Market Size

Report ID: GMI4882
Published Date: Dec 2020
Report Format: PDF

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Divinylbenzene Market Size

Divinylbenzene market size exceeded USD 55 Million, in 2019 and is estimated to grow at over 5.9% CAGR between 2020 and 2026. Significant expansion of automotive sector and increasing urban population should contribute towards the market growth of divinylbenzene.

The increasing health issues of individuals along with increasing research and development activities in the healthcare industry are propelling the demand for process and preparative chromatography systems. Additionally, increasing high-end research activities in the field of drug discovery, proteomics and for the conversion of basic research to clinical research owing to emergence of novel diseases like coronavirus. This has led to increase research activities in these fields make use of chromatography techniques. Thereby, increase in research activities is fuelling the use of chromatography resin and attribute towards the divinylbenzene market growth.

Divinylbenzene Market

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Further, rise in demand for ion exchange resin due to increasing demand for wastewater technology along with favourable government regulations to reduce pollution has shown positive impact for the growth of divinylbenzene market. In addition to these, prominent players are focusing on are strengthening their production capacity of divinylbenzene by various practices, such as by increasing agility in manufacturing facilities.

Divinylbenzene Market Report Attributes
Report Attribute	Details
Base Year:	2019
Divinylbenzene Market Size in 2019:	57.98 (USD) Million
Forecast Period:	2020 to 2026
Historical Data for:	2015 to 2019
No. of Pages:	260
Tables, Charts & Figures:	379
Segments covered:	Type, Application
Growth Drivers:	North America : Significant expansion of the automotive sector Europe : Increasing requirements of adhesives in packaging industry Asia Pacific : Growing demand for ion exchange resins from the booming water & wastewater treatment sector
Pitfalls & Challenges:	Adverse health effects

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Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market for divinylbenzene was valued at over USD 55 million in 2019 and could expand at more than 5.9% CAGR up to 2026 with consistent growth of the automotive sector and urbanization.

The industry share from DVB 63 grade type is anticipated to register around 6% CAGR between 2020-2026 as the compound enhances the physical and chemical properties of polymers.

The market share from adhesive and coating application segment is projected to reach over USD 5 million by 2026 with increasing demand for sustainable packaging.

The market for divinylbenzene in APAC is expected to surpass USD 20 million by 2026 owing to the increased government spending on public infrastructure across countries like China and India.