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1 – 4 – Cyclohexanedimethanol Dibenzoate Market Opportunities, Demands and Growth Revenue by 2029 | Future Market Insights Report – Lake Shore Gazette

1 – 4 – Cyclohexanedimethanol Dibenzoate Market Opportunities, Demands and Growth Revenue by 2029 | Future Market Insights Report

Global 1, 4-cyclohexanedimethanol Dibenzoate Market: Introduction

1, 4-cyclohexanedimethanol dibenzoate is a mixture of cis and trans isomerism’s and act as a binder, plasticizer, and modifier in various end-use applications. It is a non-o-phenyl solid plasticizer, is a white solid compound having better stability and tenacity properties as compared to other plasticizers. The product type of 1, 4-cyclohexanedimethanol dibenzoate is depended upon purity grade. Thus, by purity grades of 1, 4-cyclohexanedimethanol dibenzoate, there are two types – 99% and others. In terms of applications, 1, 4-cyclohexanedimethanol dibenzoate is used in metallic & pigmented surface coatings, polishes, cleaning materials for hot melt roll coaters, modifier for polymers, powder coatings, and among others.

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Global 1, 4-cyclohexanedimethanol Dibenzoate Market: Market Dynamics

Demand owing from plastic production in the globe is a key driving factor for the global 1, 4-cyclohexanedimethanol dibenzoate market. In the longer term, rising innovations in plastic packaging industry generate a huge demand for plasticizers such as – 1, 4-cyclohexanedimethanol dibenzoate. The usage of plastic in vehicles has reduced carbon emission, which is widely used in medical applications in surgical equipment’s, is used in food packaging industry for a long life of food, and also used in piping industries, etc. These sectors highly demanding plastic-based components, thus, we can say it the consumption for 1, 4-cyclohexanedimethanol dibenzoate is upsurge.

Although plastics has been a key consumable across all end use products, nevertheless, its environmental impacts cannot be ignored. The rising number of regulations on the plasticizers has been instrumental in restraining the growth including 1, 4-cycloheanedimethanol dibenzoate market in several countries. To counter this issue the product manufacturers are pursuing development of less hazardous based 1, 4-cyclohexanedimethanol dibenzoate variants so as to avoid any stringent ban or restriction of commercial use. For instance, in FY2012, Eastman Chemical Company announced to introduce a new product – a copolymer of dimethyl terephthalate, 1, 4-cyclohexanedimethanol, etc. to an advanced variant of the plasticizer having low VOC content.

Global 1, 4-cyclohexanedimethanol Dibenzoate Market: Regional Outlook

In FY2017, global plastic production grew by 3.8% as compared to 2016. With the growth in the demand for plastic across various geographies, plasticizer production is also expected to ramp up. Geographically, Asia Pacific accounted for nearly ~40% of the global plastic production. The region, spearheaded by China, accounted for more than one-fourth of the global plastic production in FY2017. Which in turn, China is a more lucrative platform for 1, 4-cyclohexanedimethanol dibenzoate manufactures.

Besides, the plastic industry is one of a key contributor to economic development and growth. However, there are several regulations on plastic consumption. Thus, the demand for plasticizers in the Americas, Japan, and Middle East & Africa is booming with a medium growth rate. As a result, the market for 1, 4-cyclohexanedimethanol dibenzoate is growing with a steady growth rate in the aforementioned regions.

Moreover, Europe accounted one-fourth of the global plastic production in last year i.e. FY2017, is projected to grow with a significant growth rate in the near future. Increasing rate of plastic production has generated the demand for plasticizers such as – 1, 4-cyclohexanedimethanol dibenzoate in Europe by the end of the forecast period.

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Global 1, 4-cyclohexanedimethanol Dibenzoate Market: Industry Participants

Few key manufacturers are identified across the value chain of global 1, 4-cyclohexanedimethanol market which is – Merck KGaA, TRIGON Chemie GmbH, Eastman, Yueyang Scichemy Co., Ltd., NAGASE & CO., LTD., BaoJi GuoKang Bio-Technology Co., Ltd., Tokyo Chemical Industry Co., Ltd., Alfa Chemistry, Shanghai Hanhong Scientific Co., Ltd., LANXESS Deutschland GmbH, DR. J. Phrmachem (India), Yichang Yongnuo Pharmaceutical Co., Ltd., and among others.

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