Divinylbenzene (DVB) Market Size, Share, Growth, and Industry Analysis by Type (DVB 55, DVB 63, DVB 80, Others), by Application (Ion Exchange, Chromatographic Resins, Adhesives and Coatings, Ceramics, Plastics and Elastomers, Other), and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

DIVINYLBENZENE (DVB) MARKET REPORT OVERVIEW

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The global divinylbenzene (DVB) market size was USD 72 million in 2019 and will touch USD 88 million by 2026, exhibiting a CAGR of 3.9% during the forecast period.

Divinylbenzene (DVB) is an extremely versatile cross-linking agent that also improves polymer properties. As a result, it has been used to manufacture adhesives, plastics, elastomers, ceramics, biological materials, coatings, catalysts, membranes, pharmaceuticals, specialty polymers, and ion exchange resins. Divinylbenzene (DVB) is a clear liquid that is yellow in colour and has a pleasant aroma. It is created synthetically from an amalgam of divinylbenzene and ethyl vinylbenzene isomers. It is created synthetically through the thermal dehydrogenation of diethyl benzene and contains vinyl groups attached to a benzene ring. It is made and purchased in high-end grades based on the public's awareness of divinylbenzene. Due to the increase in demand for ion trade resins worldwide, the global divinylbenzene market is anticipated to have a profitable development in the succeeding years.

Growing high-speed research is also being done in the areas of proteomics, drug discovery, and the transfer of basic research into medical research as a result of the introduction of novel diseases. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

DIVINYLBENZENE (DVB) MARKET SEGMENTATION

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By Type Analysis

According to type, the market can be segmented into DVB 55, DVB 63, DVB 80, others

DVB 55 will capture the maximum market share through forecast period.  

• DVB 55- DVB has roughly 55% purity level, making it suitable for applications that require a moderate degree of cross-linking. It's commonly used in the production of ion exchange resins and some types of adhesives and coatings, where specific performance characteristics are needed without the necessity for the highest degree of cross-linking.

• DVB 63– DVB 63 is used in applications that demand a higher degree of cross-linking than what DVB 55 offers. This makes it more suitable for more robust ion exchange resins and certain specialized adhesives and coatings that require greater strength and durability.

• DVB 80– It is designed for applications requiring the highest degree of cross-linking. It's essential for manufacturing top-performance ion exchange resins, chromatographic resins, and in certain high-end plastics and elastomers where superior mechanical properties and chemical resistance are critical.

• Others - This encompasses DVB variants with different purity levels or specific modifications tailored for unique applications. These specialized types are developed to meet the needs of niche applications where standard DVB types may not provide the desired performance.

By Application Analysis

According to application, the market can be segmented into ion exchange, chromatographic resins, adhesives and coatings, ceramics, plastics and elastomers, other

Divinylbenzene (DVB) market players cover segment as ion exchange will dominate the market share during forecast period.

• Ion exchange – DVB is a key component in the manufacture of ion exchange resins, which are used in water treatment, chemical processing, and pharmaceutical applications. The cross-linking provided by DVB imparts the resins with necessary structural integrity and affects their ion exchange capacity.

• Chromatographic resins - Utilized in separation and purification processes, chromatographic resins benefit from the high degree of cross-linking that DVB can provide, especially in applications requiring precision separation capabilities in the pharmaceutical and biotech industries.

• Adhesives and coatings -DVB enhances the performance of adhesives and coatings by improving their chemical resistance, durability, and adhesion properties. The specific type of DVB used can be tailored to the performance requirements of the end product.

• Ceramics - In the ceramics industry, DVB may be used as a precursor in the production of ceramic materials or as a binder to improve the mechanical properties and durability of ceramic products.

• Plastics and elastomers – DVB acts as a cross-linking agent in the production of certain plastics and elastomers, enhancing their strength, thermal stability, and chemical resistance. This makes them suitable for use in a variety of demanding applications, including automotive and industrial components.

• Other - This include  other potential applications of DVB, such as in the manufacture of specialty polymers, rubber products, and other niche areas where its cross-linking capabilities can be leveraged to enhance product performance.

DRIVING FACTORS

"Increasing Demand in Ion Exchange Resins To Boost The Market Growth"

DVB is a key monomer used in the production of ion exchange resins. The growing demand for ion exchange resins in water treatment, pharmaceuticals, and food & beverage industries is a significant driver for the DVB market.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the divinylbenzene (DVB) market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. Innovations and advancements in polymer science and technology often lead to increased applications of DVB in various fields such as adhesives, coatings, and elastomers, driving market growth.

RESTRAINING FACTOR

"Environmental & Health Concerns To Hamper The Market Growth"

Stringent environmental regulations and growing awareness about the health hazards associated with the handling and use of chemical substances can restrain the DVB market. DVB is a volatile organic compound and poses risks of irritation and sensitization.

DIVINYLBENZENE (DVB) MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Region Due To Chemical Manufacturing Sector And Increasing Application In Water Treatment"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa. 

Asia Pacific is further expected to witness growth in the divinylbenzene (DVB) market share. The region is dominating the market due to the strong chemical manufacturing sector and increasing application in water treatment. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Jiangsu Evergreen (China)
• Dow Chemical (U.S.)
• Jiangsu Andeli New Mstar (China)
• Nippon Steel (Japan)
• Jiangsu Danhua (China)

INDUSTRIAL DEVELOPMENT

January 2024: Dow has won six BIG Innovation Awards from the Business Intelligence Group in 2024, the BIGGEST awards Dow has ever received in a single year. This accomplishment also marks the eighth successive year that Dow has received recognition at the BIG Innovation Awards.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.