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Follow on Google News | Dibenzyl Toluene Market Pegged at US$ 54 Mn Value Pool in 2020, Finds Fact.MRThe global dibenzyl toluene (DBT) market has witnessed a slow growth, recording a CAGR of 2.5% over the past half-decade.
By: Fact.MR The emergence of dibenzyl toluene as a new class of liquid organic hydrogen carrier compounds (LOHC) is set to provide impetus to the market in long-run. In addition, the compound is industrially manufactured and used in closed systems, which minimizes exposure potential and release to the environment. Key Takeaways of Global Dibenzyl Toluene Market Study • The global dibenzyl toluene market is anticipated to create a value opportunity of US$ 21Mn during the forecast period, expanding 1.4X over 2020. • Use of dibenzyl toluene as heat transfer fluid is estimated to account for more than 55% share of the market revenue in 2020, and lose 40 BPS in its market share by 2030 over 2020. • Dielectric fluid application is anticipated to gain around 40BPS during the forecast period. • Europe holds the leading share, followed by North America and East Asia. "Increased focus on the use of LOHC in hydrogen-driven transportation systems and subsequent rise in need for heat transfer oil to store and transport hydrogen has been a growth lever of the dibenzyl toluene market," says the Fact.MR analyst. COVID-19 Impact on Dibenzyl Toluene Market The COVID-19 pandemic has affected the global economy in several ways. Demand for various products across several industrial verticals has fallen, directly impacting production. Supply chains have been disrupted, causing a gap in the demand-supply equation. Read complete report- https://www.factmr.com/ End
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