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Diphenylamine Market Size, Share, Analysis, Growth, and Forecast, 2030 | ChemAnalyst
Global Diphenylamine market witnessed a strong demand in the past five years and is anticipated to achieve a healthy CAGR of 4.35% during the forecast period.
Diphenylamine is an organic compound and a derivative of aniline synthesized by heating aniline in the presence of aniline hydrochloride. It is a colorless-to-
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In COVID-19 pandemic, there was drastic impact on numerous industries including Chemical industry due to nationwide lockdowns imposed by the major economies across the world. As manufacturing Plants went non-operational there was the disturbance in the demand and supply chain. Additionally, it is used in lubricants to increase engine oil proficiency in automobiles therefore, hinderance in transportation amid lockdowns decrease its demand in the market. However, high demand from several end use sectors like Automobile, Chemicals, Agriculture, Plastics & Rubber, Cosmetics etc. are also an influencing factor supporting demand rise during the forecast period.
Region wise, Asia pacific holds the major share of global demand for Diphenylamine owing to increasing demand of application industries such as automotive, and rubber. Moreover, increasing demand of electric vehicles is also an influencing factor creating demand for diphenylamine in Asia Pacific.
Some of the leading players of Diphenylamine market are BASF SE, Huntsman International, Lanxess. The Lubrizol Corporation, Merck kGaA, Seiko Chemical Co. Ltd, Eastman Chemical Company, Duslo a.s., Songwon, Nantong Xinbang Chemical Technology, Jiangsu Feiya Chemical Industry Co. Ltd.