According to the study, ‘ASIA DIPHENYL OXIDE (DPO)
INDUSTRY SITUATION AND PROSPECTS RESEARCH REPORT’ classification of diphenyl oxide is split
differently in the market such as industrial grade and cosmetics grade.
Diphenyl oxide is a
colorless liquid, white, crystalline solid at temperature below 800F
and has low volatility with low solubility in water. It is stable at high
temperatures. Diphenyl oxide is moderately toxic to fish
and other aquatic organisms. Diphenyl oxide can be used as a high boiling
reaction solvent in the production of drugs. Diphenyl oxide is also used as a
processing aid in the production of polyesters. Diphenyl oxide can be used
individually or as a mixture with other materials. Not only has this, diphenyl
is an essential ingredient used to manufacture Therminol VP-1 heat transfer
fluid, the heat transfer fluid of choice for the solar industry. Diphenyl oxide
is easily reactive with oxidizing materials and can be used as a heat transfer
medium when mixed with biphenyl. Majorly due to wide usage of diphenyl oxide
the demand is growing even more and new investments with development in the
technology have been performed in the manufacturing to enhance the market
growth even in more attractive manner. Moreover, some of the major key players which
are functioning in this sector which dominate the market share includes such as
Eastman, Dow, Vikram Thermo, HJ Arochem, KDAC Chem, Jiangsu Suhua, Shandong
Dadi, Shangdong Tianyi, Jiangsu Zhongneng, Shouguang Derun, Jiangxi SIMO,
Hangzhou Henny, Richfortune, Jingdong and others. All the leading vendors in
Asia-Pacific diphenyl oxide industry are largely focusing on creating strong
brand names, offering well-established products, and exhibit long term reliable
products. With all above stated points the growth of the market is propelled in
the coming years significantly.
The applications of
the product is split differently into the market such as heat transfer agent,
flame retardant, resin, perfume, foaming agent and others which resulted in
increase in the demand of the product. The market is mainly driven by the
significant usage of perfumes in soaps and detergents in the Asia-Pacific
region. The market of diphenyl oxide is expanding at a significant pace.
Moreover, the high growth in cosmetics market is also driving the growth of the
global diphenyl oxide market. High thermal stability, high solvency, low
reactivity, low polarity, pleasant odor, high purity and high boiling point
some are the major key factors which will drive the market rapidly in the
coming years. Based on the applications and more usage of the product the key
players are become more active and aware from other competitive firm with
similar product in the market and production technology. With the increasing
competition and new entrants in this industry the key players are doing their
business optimistically and playing very significant role with the proper usage
of technology and with new strategies and policies. Moreover, the research and
development in this industry plays a very crucial role in the growth of the
product. With all the applications and development the market of diphenyl oxide
leads to the growth in the market and it is anticipated that the future of the
market is also bright in the coming years with more consumption and growth in
the demand from various other industries.
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