Diphenylamine Market Research Report: Trends, Market Insights, and Projections For 2022-2030
Market Research Future (MRFR) has announced a new release on the global diphenylamine market. The report talks about the future growth prospects of the global diphenylamine market on the basis of the historical trajectory exhibited by the market and the leading segments within the market.
The global
diphenylamine is mainly driven by the growing demand for diphenylamine in
transportation and automotive applications as an automotive lubricant additive.
The antioxidative properties of diphenylamine have led to its growing use in
automotive lubricants to avoid oxidation at high temperatures. The growing
demand for commercial as well as passenger vehicles in emerging regions around
the world is likely to be a major driver for the global diphenylamine market
over the forecast period. Rising urbanization and infrastructure construction in
emerging regions such as Asia Pacific has driven the demand for commercial vehicles
such as trucks, whereas the rising disposable income of consumers in emerging
countries has driven the demand for personal vehicles. This is likely to be the
major driver for the global diphenylamine market.
The growing
volume of general industrial activities is also likely to be a major driver for
the global diphenylamine market over the forecast period, as diphenylamine is
also used as a lubricant in industrial procedures. The growing volume of the
industrial sector in the developing world is likely to be a major factor in the
growth of the global diphenylamine market over the forecast period, as the
increasing economic prospects of countries such as China, India, Indonesia,
Malaysia, and Mexico have been driven by the growing industrial sector in these
countries. The industrial sector is likely to play a central role in the
development of the global diphenylamine
market over the forecast period.
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Segmentation:
The global
diphenylamine market is classified on the basis of application, end use
industry, and region.
On the basis of
application, the diphenylamine market is segmented into antioxidants, fungicides,
chemical intermediates, and others.
On the basis of
end use industry, the diphenylamine market is segmented into automotive,
agriculture, cosmetics & personal care, general industry, plastics &
rubber, and others.
Regional Analysis:
The global
diphenylamine market is segmented on the basis of region into North America,
Latin America, Europe, the Middle East and Africa, and Asia Pacific.
Asia Pacific is
likely to dominate the global diphenylamine market over the forecast period due
to the growing demand for diphenylamine in the industrial sector and
construction applications in the region. The industrial sector in Asia Pacific
has been driven by the growing industrial activities in regional powers such as
China, India, Malaysia, Australia, and Indonesia, which is likely to remain the
key driver for the diphenylamine market in Asia Pacific over the forecast
period. Growing construction activities in countries such as India, China,
Vietnam, Indonesia, Malaysia, and Taiwan are likely to be a major driver for
the global diphenylamine market over the forecast period. Rising migration from
rural regions into urban centers has driven the demand for residential
construction, while the demand for infrastructure and industrial construction
has also been driven by the consistent growth of the regional markets over the
last few years. This is likely to be the major driver for the diphenylamine
market in the region over the forecast period.
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North America is
also likely to exhibit robust growth in the global diphenylamine market over
the forecast period due to the growing use of diphenylamine in the automotive
and transportation sector in the region. European regional powers such as
Russia, Germany, the UK, and France dominated the Europe market for
diphenylamine in 2016 and are likely to retain significant shares in the
regional market over the forecast period.
Competitive Analysis:
Leading players
in the global diphenylamine market include BASF SE, Chemtura Corporation, Merck
KGaA, Seiko Chemical Co. Ltd., Nantong Xinbang Chemical Technology Chemical Co.
Ltd., Jiangsu Feiya Chemical Industry Co. Ltd., Songwon, Duslo a.s., The
Lubrizol Corporation, and Huntsman International LLC.
Industry Updates:
In December
2017, Canada approved 14 new substituted diphenylamines (SDPAs) for use.
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