Dibenzyl Toluene Market Size

Dibenzyl Toluene Market size was over USD 59.29 million in 2024 and is anticipated to cross USD 85.98 million by 2037, growing at more than 2.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of dibenzyl toluene is estimated at USD 62.07 million.

The growth of the market can be attributed to the rising demands from numerous end-use sectors. The industry experienced beneficial development during the period owing to the increased need for temperature control solutions to supply and manage the temperature of multiple goods and compounds. Furthermore, with R&D investments and the use of dependable marketing methods to expand customer portfolios, the market anticipates enormous potential prospects. 

Rising growth in chemical industry is also anticipated to propel the market growth over the forecast period. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030.