Market Trends of P-Phenylenediamine Industry
This section covers the major market trends shaping the P- Phenylenediamine Market according to our research experts:
Increasing Demand from the Synthetic Rubber Additives Segment
- P-phenylenediamine is an organic compound that is a derivative of aniline. It is a white solid, but it can darken due to air oxidation.
- The growing demand for p-phenylenediamine in rubber manufacturing, owing to its superior properties, like high-temperature stability, chemical and electric resistance, and high strength, is stimulating the p-phenylenediamine market.
- The usage of p-phenylenediamine in the rubber industry eliminates the major problem that the rubber industry faces of cracking due to oxygen and flexing, which is caused by ozone present in oxygen.
- Derivatives of p-phenylenediamine are used in rubber manufacturing, called antiozonants that control and reduce the effect of ozone on rubber, thus preventing the rubber from cracking. Owing to this, the demand for p-phenylenediamine is increasing in the rubber industry.
- According to Mordor Intelligence, the synthetic rubber market is projected to record a CAGR of over 5% during the forecast period. According to Statista Market Forecast, the global synthetic rubber market size is expected to reach USD 46.7 billion in 2026 from USD 31.4 billion in 2019.
- Owing to all the above-mentioned factors, the p-phenylenediamine market is expected to grow rapidly over the forecast period.
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Asia-Pacific to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for p-phenylenediamine during the forecast period. In countries like China and India, there is an increase in the overall customer base for dyes and pigments and plastic and rubber goods due to the growing population.
- The demand for p-phenylenediamine in the dyes and pigments industry, owing to its low toxicity and temperature stable nature. It gives natural color, which does not easily fade while washing or drying.
- The dyes and pigments market has been continuously increasing in the region. In India, the dyes and pigments production registered an annual growth rate of 6.73% in FY 2019, up from 5.62% in FY 2018. The production volume of dyes and pigments across the country was around 191 thousand metric tons in FY2020.
- P-phenylenediamine is also used as a precursor for aramid plastics and fibers, such as twaron and kevlar. Also, the reaction of p-phenylenediamine with phosgene gives diisocyanate, a precursor to urethane polymers. Owing to this, the demand for p-phenylenediamine is rising in the polymer industry.
- The aramid fiber market in Asia-Pacific is expected to witness significant growth, at an estimated CAGR of around 8% over the forecast period, which will consequently stimulate the p-phenylenediamine market.
- Some of the major companies operating in the Asia-Pacific region are DuPont and Aarti Industries Ltd.
- The aforementioned factors are contributing to the increasing demand for p-phenylenediamine in the region during the forecast period.
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