(MENAFN- GetNews) Diphenylamine (DPA) market is estimated to be valued at USD 527.7 Million by 2025 and record a CAGR of over 4.06% during the forecast period.
Market Research Future has published a Cooked Research Report on the Diphenylamine (DPA) Market Research Report - Global Forecast till 2025
Market Definition and Growth Factors:
Diphenylamine (DPA) Market is estimated to be valued at USD 527.7 Million by 2025 and record a CAGR of over 4.06% during the forecast period. The growing demand for DPA as an antioxidant in lubricants is expected to be the primary factor driving the growth of the global diphenylamine (DPA) market. Also, the increasing application of DPA in nitrocellulose-based explosives pertaining to its antioxidizing property is also expected to fuel the growth of the global market. Lubricants are produced with the help of advanced additives that enhance the efficiency of the engine and exhibit properties such as high durability, cleanliness, and strength. The moving components are always in contact with air (oxygen), which results in degradation of the lubricants. Oxidation is a common process and arises when the lubricating oil chemically reacts with oxygen to form oxidized products, which result in sludge and deposit formation, corrosion of engine parts, and wear and tear of moving parts.
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However, diphenylamine is a chemical compound from the third European Union (EU) list of priority pollutants. In studies carried out on laboratory animals, DPA has proved to be slightly toxic by the dermal, oral, and inhalation routes and has been registered under the Toxicity Category III (second lowest of four categories). It can cause severe irritation to the eyes and affect the liver and kidneys on long exposure. It targets the red blood cells and can result in abnormal erythropoiesis in the spleen, and thus congestion of the spleen and hemosiderosis. It is not likely carcinogenic based on the evidence. However, an impurity of technical grade DPA, diphenyl nitrosamine is regarded as a probable human carcinogen. Diphenyl nitrosamine is produced when DPA comes in contact with high temperature. Moreover, there is a tolerance level set by the US EPA—10 ppm for apples and 0 ppm for milk and meat. The DPA residue levels obtained were far below 10 ppm, and thus in 1997, the EPA approved the reregistration of DPA and determined that the assessed tolerances met the safety standards under the Food Quality Protection Act (FQPA). However, in 2012, the European Food Safety Authority concluded that the study has not provided authentic information to ensure safe consumption of DPA in apples and pears.
Kay Players:
Market Research Future (MRFR) recognizes the following companies as the key players in the global diphenylamine (DPA) market:
- BASF SE (Germany),
- Huntsman International LLC (US),
- LANXESS (Germany),
- The Lubrizol Corporation (US),
- Merck KGaA (Germany),
- Seiko Chemical Co. Ltd (Tokyo),
- Eastman Chemical Company (US),
- Duslo a.s. (Slovakia),
- SONGWON (South Korea),
- Nantong Xinbang Chemical Technology Chemical Co, Ltd (China),
- Jiangsu Feiya Chemical Industry Co. Ltd (Austria).
Key Findings of the Study:
- The Global Diphenylamine (DPA) Market was valued at USD 397.6 million in 2018 and is expected to register a CAGR of 4.06% to reach around USD 527.7 Million by the end of 2025 .
- Based on application, the antioxidant segment held the largest share of 2% by value in 2018 and is expected to register a CAGR of over 4.5% during the forecast period.
- By end use, the automotive segment is estimated to be the largest segment of the global aluminum oxide market, which accounted for 7% value share in 2018.
- The Asia Pacific market accounted for the largest share of 2% by value in 2018.
Segmental Analysis:
According to MRFR analysis, the global diphenylamine (DPA) market has been segmented based on application, end use, and region.
By application, the global diphenylamine (DPA) market has been categorized into antioxidants, fungicide, and chemical intermediates, and others. Among these, the antioxidant segment accounted for the largest share of over 59.2% by value in 2018, predominantly due to the large-scale adoption in nitrocellulose-based propellants, explosives, and gun powders, which are essentially unstable materials that decompose on aging with the evolution of oxides of nitrogen. The decomposition is autocatalytic and can lead to failure of the ammunition or untimed explosions. Antioxidants control the oxidation of lubricants and ensure smooth functioning of engines for a long period. The antioxidant property of DPA increases the operational life of engine oil by reducing breakdown that can result from the formation of sludge. The chemical intermediate segment is expected to register a CAGR of over 3.5% during the forecast period.
On the basis of end use, the global diphenylamine (DPA) market has been classified into automotive, agriculture, cosmetics & personal care, general industry, plastics and rubber, and others. The automotive segment accounted for the largest share by value in 2018 due to the use of DPA as an antioxidant in lubricants, and other functional fluids such as engine oil, hydraulic fluids, metalworking fluids, compressor oil, gear oil, refrigeration oil, transmission fluids, and turbine oil, among others. The growing production of automobiles is propelling the demand for lubricants for the efficient functioning of engines, which consequently is expected to drive the demand for DPA as an antioxidant.
Regional Analysis:
Geographically, the global diphenylamine (DPA) market has been segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific was the dominant regional market, accounting for the largest share of over 55% in 2018 and is expected to register a CAGR of over 4.5% during the forecast period . Asia-Pacific is followed by North America, which accounted for the second-largest share of the global foundry coke market in 2018. The North American market is expected to exhibit a share of around 20% in 2018. The Latin America and the Middle East & Africa markets are also likely to witness moderate growth during the forecast period, 20192025.
Browse key industry insights spread across 449 pages with 177 market data tables & 24 figures & charts from the report, 'Diphenylamine (DPA) Market: Information by Application (Antioxidants, Chemical Intermediate, Fungicide and Others), End-Use (Automotive, General Industry, Agriculture, Plastics & Rubber, Cosmetics & Personal Care and others) and Region - Forecast till 2025 in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/diphenylamine-market-4550
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