Dibenzyl Toluene Market Analysis

End-userSegment Analysis

The global dibenzyl toluene market is segmented and analyzed for demand and supply by end users into chemicals, petrochemicals, plastics & rubber, oil & gas, pharmaceuticals, and others. Out of these, the oil & gas segment is estimated to gain the largest market share of about 30% in the year 2035. The oil and gas segment is expected to have the greatest market share throughout the forecast period as a result of the substantial quantity of dibenzyl toluene produced while producing petrol and other fuels from crude oil. The continuing need for efficient heat transfer equipment for oil storage is projected to drive segment growth. Between 2012 and 2025, the oil and gas industry is expected to generate $1.6 trillion in government and state tax income in the United States, sustaining the maintenance of educational institutions, medical facilities, and public infrastructure across the entire nation.

Application Segment Analysis

The global dibenzyl toluene market is also segmented and analyzed for demand and supply by application into dielectric fluid, heat transfer fluid, and others. Amongst these three segments, the heat transfer fluid segment is expected to garner a significant share of around 51% in the year 2035. For over three decades, dibenzyl toluene has been employed as a heat transfer fluid. The preferred purity for this kind of application is 98%. Businesses such as petrochemicals, chemicals, plastic and rubber, and many others rely on heat transfer fluids, particularly DBT, as a result of its high ignition point, heat transfer coefficient, nonflammability, and elevated boiling point characteristics, which has prompted the DBT marketplace as a heat transfer fluid. Heat transfer fluid is the target market for competitors such as Arkema and Eastman. As a result of the volume of DBT used as a heat transfer fluid, it takes up the majority of the market.

Our in-depth analysis of the global market includes the following segments: