The di nitro toluene market is expected to record a CAGR of 11% through 2032, with a current value of US$ 2.53 Bn in 2022. The market is likely to reach a valuation of US$ 7.19 Bn by 2032.
A major factor contributing to the growth of the global di nitro toluene market is the increasing application of di nitro toluene in diverse industries, including chemical, plastics, explosives, and automotive. As a result of its high viscosity property, di nitro toluene finds application in the manufacture of polyurethane foams for a variety of reasons. Usually, toluene is combined with nitric acid and sulfuric acid to create this chemical compound.
A primary application of di nitro toluene is in the manufacture of airbags in automobiles. With the escalating demand for luxury cars across the world, the di nitro toluene market is expected to flourish in the near future. This is mainly due to the increasing demand for disposable income in developed and developing countries. The di nitro toluene also increases the plasticity of the material, which is why it is widely used in the plastic manufacturing industry as well as in other manufacturing industries that use plastic materials.
Additionally, the demand for di nitro toluene is also increasing as the use of explosives in mining, tunnelling, and construction activities is increasing globally, in addition to the growing use of explosives in these activities. There has also been an increase in the consumption of herbicides due to the growing need for food production to feed the growing population.
In recent years, toluene has increasingly been used in a multitude of commercial products, such as paints and adhesives, which has added to its demand in chemical-based industries since it is a solvent. Aside from that, toluene is utilized in the production of hair dyes as well as in the explosives industry as a component in the manufacture of explosive compounds, which contributes to market growth.
Aside from this, the pharmaceutical industry has an escalating demand for toluene for the manufacture of various drugs, which has led to increased demand for the compound. A few of these drugs include penicillin G potassium, penicillin G sodium, acetanilide, norfloxacin, ciprofloxacin, acetylsalicylic acid, prednisone, and caffeine.
Consequently, rapid technological advances in the pharmaceutical industry have enabled the market for toluene to grow steadily in response to the rapid technological advancements in the industry.
In terms of the restraints of the global di nitro toluene market, there are several factors to consider. According to the United States Environmental Protection Agency, these chemicals are hazardous in nature and can result in organ damage if exposed. However, due to the rising demand and lack of any other alternatives, there are several new opportunities for market growth in the near future.
Also, due to the presence of countries such as China and Japan in the global di nitro toluene market, the Asia Pacific region is expected to lead the global market in terms of di nitro toluene sales. Due to the presence of a large number of players in the countries, the market is highly competitive.
Attributes
Details
Di Nitro Toluene Market CAGR
11%
Di Nitro Toluene Market (2022)
US$ 2.53 Billion
Di Nitro Toluene Market (2032)
US$ 7.19 Billion
Di nitro toluene is a organic compound pale yellow in colour, solid crystalline in nature and is also called as precursor to trinitrotoluene and is mainly produced as precursor to toluene diisocynate. Di nitro toluene does not naturally occur in the environment. It is usually produced by mixing toluene with nitric and sulphuric acid. It is notomatic explosive that exist in six isomers : 2,4- and 2,6-DNT are the two major forms of the chemical . The other four forms (2,3-DNT, 2,5-DNT, 3-4-DNT, and 3,5-DNT) make up only 5% of the technical grade.
Di nitro Toluene mixtures is mainly used in the production of polyurethane polymers. DNT is considered toxic to most organisms chronic exposures may result in organ damage.
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Di Nitro toluene Market: Drivers & Restraints
Increasing demand for polyurethane foam is anticipated to boost the demand for Dinitrotoulene during the upcoming years. Major drivers of polyeurathane market are regulations and energy efficiency (for rigid foam installation), an increasing world population, especially a rising middle class in emerging markets, and increased use of refrigeration.
Di Nitro toluene needs to be handled very carefully and is considered as major hazardour chemical; due to its highly toxic and carsogenic nature. Use of Dinotroloulene in manufacturing of munitions and other chemical products have contributed to extensive soil and groundwater contamination. It is expected to remain in water for a long time because of its relatively low volatility and moderate water solubility unless broken down by light oxygen or biota
Di Nitro toluene Market- Segmentation
Dinitroluene is very toxic and carcinogenic in nature hence modern formulations tend to avoid its usage. Most DNT is used in the production of touluene disocyanate which is used to produce polyeurathane foam. DNT is hydrogenetaed to manufacture 2,4 toluenediamine which in turn is phosgeneted to give toluene diisocyanate.
Other applications of Dinitroluene include in that of production of explosive for which it works as gelatinizing , and waterproofing agent and as an intermediate in dye processes and in smokeless gunpowdes, herbicides, plastics and in automobile airbags.
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Regional Overview
China is expected to be the largest market for Di Nitro toluene market followed by North America and western Europe. Regionally, Asia pacific is estimated to consumer, more than 50% of the DinitrolueneChina being a major consumer, followed by North America and Europe
Di Nitro toluene Market: Key Players
Major manufacturers of Dinitroluene include BASF AG, BOC Sciences, Crescent Chemicals, Lanxess Corporation, Biddle Sawyer Corporation, Haihang Company Industry Ltd., International labortary USA, Health Chemicals Co. Ltd,.
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The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
