NEW YORK, Nov. 17, 2020
NEW YORK, Nov. 17, 2020 /PRNewswire/ -- In recent years, the heat transfer fluid industry has witnessed robust growth, owing to massive demand from concentrated solar power plants for energy production. Increased use of diphenyl oxide in the manufacturing of heat transfer fluids will augment global demand over the assessment period of 2020 to 2030. Furthermore, increasing growth in flame retardants, pharmaceuticals, fragrance chemicals, and polymer production is expected to create more opportunities for the diphenyl oxide (DPO) market in the coming future.
As per PMR analysis, the global diphenyl oxide market is anticipated to expand at a steady CAGR of 4% over the projected period of 2020 to 2030.
Key Takeaways from Diphenyl Oxide Market Study
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"There is increasing demand for diphenyl oxide chemicals for heat transfer fluids in concentrated solar power plants and other allied Industries. Competition in the global DPO market is anticipated to intensify with manufacturers focusing more on the development of innovative production techniques that are more economical and viable," says a PMR analyst.
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Market Landscape Continues to Remain Moderately Fragmented
The global diphenyl oxide market landscape is moderately fragmented at regional and domestic levels. Tier-1 players account for more than one-fourth of the total market share. Some of the leading players included in the DPO market report are Eastman Chemical Company, Dow Chemical Company, Lanxess, BERJE INC., and Ernesto Ventos S.A., among others. Key market participants are focused on capturing lucrative growth through collaborations with end-use customers and continuing to meet targets through sustained operational excellence.
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Diphenyl Oxide Market: Conclusion
The global diphenyl oxide market is occupied by a number of manufacturers. Manufacturers are increasing production in their existing units by increasing production utilization rates. Moreover, to strengthen their global supply systems and continue meeting robust demand, they are expanding their global presence. Demand for diphenyl oxide is expected to ascend for its use in heat transfer fluids, flame retardants, industrial surfactants, fragrance chemicals, and other applications. East Asia holds a major portion of the global diphenyl oxide market share.
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Persistence Market Research has published a market research report on the diphenyl oxide (DPO) market that contains global industry analysis of 2015–2019 and forecasts for 2020–2030. The report provides insightful analysis of the diphenyl oxide market through product, end use, and region. The diphenyl oxide market report also provides supply and demand trends, import-export scenario, and a comprehensive list of suppliers and distributors in the market, along with a detailed overview of the value chain.
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