Global Dinitrotoluene Market Overview
The global dinitrotoluene market was around 600-kilo tons in 2019 and is expected to grow at a CAGR of approximately 3.75%. The wide-spreading use for chemical manufacturing, such as polyurethane, dyestuffs, and explosives, drives extensive dinitrotoluene demand worldwide. The growing polymer industry and automotive safety are projected to boost the growth of the market. DNT's demand is estimated soar on the back of the quick-paced upstream activity of the countries. The prospects of the DNT market look encouraging, with the expanding polymer and chemical manufacturing industry. The introduction of new, innovative products can catalyse growth, giving a fillip to DNT demand. However, adverse health effects posed by chronic exposure have been identified to hinder the dinitrotoluene demand. Chronic inhalation exposure to dinitrotoluene affects the central nervous system (CNS) and blood in humans.
The report studies few key players of the global dinitrotoluene market in detail covering the company profile, product list and financial details. The companies included in the report are TCI Chemicals, Spectrum Chemical, Toray Fine Chemicals (TFC), International Labortary, Health Chemicals, Sigma Aldrich, MP Biomedicals, Hefei TNJ Chemical Industry, Island Pyrochemical Industries.
In this market research report, the market is segmented by product, application, and region.
Analysis, by Product
Based on type, the market is categorized into 2,3 DNT, 2,4 DNT, 2,5 DNT, 2,6 DNT, 3,4 DNT, and 3,5 DNT. 2,4-dinitrotoluene segment maximum share in the global dinitrotoluene market, by type. 2,4-dinitrotoluene is used as an intermediate in the manufacture of polyurethanes. It is also used as a plasticizer, deterrent coating, and burn rate modifier in propellants. Expanding use of polyurethanes is steering the demand for 2,4-dinitrotoluene.
Analysis, by Application
The market is bifurcated into chemical manufacturing, explosives, dyestuff, and others, in terms of application. Chemical manufacturing grabbed a major share in the global dinitrotoluene market. The vast majority of dinitrotoluene volume is used as a non-isolated intermediate to synthesize toluene diisocyanate (TDI). DNT is a raw material for TDI production, a primary polyurethane material used in various applications.
Analysis, by Region
Region wise, the market is analysed across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The Asia Pacific was the leading market, with over 35% share in 2019. The Asia Pacific is a hub for chemical manufacturing and exports. China is a significant producer of dinitrotoluene. Asia Pacific is projected to gain an uptick owing to a leap in M&A deals and investment activity in the region. North America and Europe are the other two significant shareholders in the market.
Market Segmentation covered in the Report:
By Type
- 2,3 DNT
- 2,4 DNT
- 2,5 DNT
- 2,6 DNT
- 3,4 DNT
- 3,5 DNT
By Application
- Chemical
- Plastics
- Explosives
- Herbicides
By Region
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
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