Arkema Group, an innovator and market leader in superior materials, continued its advancement in additive production by utilizing dielectric fluids and establishing PRO14729, PRO14730, and PRO14731 for radio frequency uses and perfect for 3D printing in sophisticated electronic fields.
Shell qualified the BASF Durasorb Cryo-HRU technology, which is used to remove water, heavy hydrocarbons, benzene, xylene, toluene, and other compounds to carry out cryogenic processes.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 3348
Published Date: Apr 29, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major growth drivers for the market are increasing need for effective storage and transportation of hydrogen and growing usage of dibenzyl toluene as industrial solvent.
The market is anticipated to attain a CAGR of ~3% over the forecast period, i.e., 2023 â€“ 2035.
Health issues associated with improper utilization of DBT is one of the major factors estimated to hamper the market growth.
Asia Pacific will provide more business opportunities to the market over the forecast period owing to the rising number of activities in the oil industry, and growing investments of prominent market players.
The major players in the market are Eastman Chemical Company, SOKEN ELECTRIC CO., LTD., Arkema group, HYDROGENIOUS LOHC Technologies GmbH, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by grade, application, end user, and by region.
The oil & gas segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.