DBE
or Dibasic Ester is an ester of di-carboxylic acid, which is normally a mixture
of dimethyl glutarate, dimethyl succinate, and dimethyl adipate. These solvents
offer a unique combination of low volatility, high solvency power, low cost and
high flash point. DBE is used widely in the manufacture of saturated &
unsaturated polyester resins. It is also used in coatings, plasticizers,
resins, paints, paint strippers, binders, solvents, chemical grouting, oilfield
drilling fluids, polyols, soil stabilization, crop protection products, cedar
spray, and adhesives. Its physical characteristics are colorless and clear
liquid with a mild odor. Additionally, on a chemical front, it is non-corrosive
and non-flammable.
Based
on product type, Dibasic Ester market is segmented into Dibasic Ester – 2
(DBE-2), Dibasic Ester – 3 (DBE-3), Dibasic Ester – 4 (DBE-4), Dibasic Ester –
5 (DBE-5), Dibasic Ester – 6 (DBE-6) and others (Dibasic Ester – 9 (DBE-9)).
DBE-4, DBE-5 and DBE-6 are abundant & economical sources of the glutarate,
adipic, and succinic moieties for organic synthesis. DBE-2, DBE-5, and DBE-9 are
mainly used in the preparation of long-chain water solvable polyamides which
can be reacted with epichlorohydrin to form wet-strength paper resins. Based on
application, market is segmented into coil and can coatings, wire enamel
coatings, automotive coatings, polyester and epoxy sealing coat, pesticides and
insecticides, industrial paint, foundry core resin binder, formulations,
corrosion inhibitors, hi&i cleaning, printing inks, liquid detergents, soil
stabilization, textile lubricants and wet strength paper resins. In addition,
based on end-use industry, market is segmented into textile industry, foundry
& casting industry, paints & coating industry, chemical industry,
general industrial, agrochemicals industry and others.
The
Dibasic Ester market is driven by growth in technological innovation &
advancements followed by increase in disposable income and growth in demand
from coil & can coating industry. However, rise in stringency of policies
across geographies along with the growth of environment friendly formulations
of DBE product may impact the market. Moreover, rise in production of
pesticides & insecticides are a key opportunity for market.
Based
on geography, the Asian-Pacific region dominates the Dibasic Ester market owing
to rapidly expanding chemical industry in the region. Whereas, the European and
North-American regions are expected to witness higher growth rate due to
presence of key companies and rise in demand from various end-use industries
over the forecast period. In upcoming years, it is predicted that future of the
market will be optimistic as a result of growth in demand from agrochemical and
paint & coating industry during the forecast period. The global market for
DBE is anticipated to grow at a CAGR of approximately 17.7% over the next five
years, will reach USD 880 million in 2024, from USD 330 million in 2019.
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