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.
According to study, “Global Dibasic Ester (DBE) Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global Dibasic Ester market are INVISTA, Shandong Yuanli Science and Technology Co. Ltd., Henan Jiusheng Chemical, Changle YIli Chemical, Solvay SA, Sanmu Chemical, Radici Group, Jiangsu Euiomoda, Chemoxy, Jiangsu Hualun, Ascend Materials. Key players maintain their strategic focus on the expansion of solid distribution partnerships, joint ventures, and a stronger global footprint.
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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Ankur Gupta, Head Marketing & Communications