4, 4-dichlorodiphenyl sulfone (DCDPS) is a compound extensively used as monomer. It helps in polymerization into copolymers, polysulfone, and homopolymers. The high quality sulfone is characterized by high temperature performance and high transparency. Thus, it is also used as replacement substitute for glass and metals in wide range of automotive, consumer products, medical, and aerospace products. Registering the demand from aforementioned industries, the 4, 4-dichlorodiphenyl sulfone (DCDPS) market is anticipated to boom in upcoming years. As per market analysts, the market is likely to expand at a moderate CAGR of 4% between 2019 and 2029.
Engineered Plastic Vertical Projected to Fuel 4, 4-Dichlorodiphenyl Sulfone Market
Out of all applications of 4, 4-dichlorodiphenyl sulfone, it is substantially used in manufacturing of a variety of sulfone polymers such as polyphenylene sulfone (PPSU), polyethersulfone (PES), and polysulfone (PSU). Consequently, the engineered plastic vertical is anticipated to account for approximately three fourth of market share by end of 2029.
Further, rise in demand for high performance sulfone polymers by various industries, specifically, electrical industry is likely to be the prominent demand driver in the global 4, 4-dichlorodiphenyl sulfone market. Moving forward, application range of 4,4-dichlorodiphenyl sulfone is widening in mechanical industry, aircraft industry, and medical industry. Increasing application scope is likely to provide tremendous opportunities for expansion of 4,4-dichlorodiphenyl sulfone market in forthcoming years.
Preventive Measures Against Leprosy Present Growth Opportunities for Target Market
4,4-dichlorodiphenyl sulfone (DCDPS) acts as an intermediate in manufacturing process of anti-leprosy drug called as ‘dapsone’. Increasing awareness about preventive measure for leprosy is increasing demand for 4,4-dichlorodiphenyl sulfone (DCDPS). Lately, a new campaign ‘Anti-Leprosy World 2020’, initiated by WHO, is presenting wide opportunity for manufacturers of 4, 4-Dichlorodiphenyl sulfone (DCDPS)-pharma grade.
Reportedly, 72% leprosy cases have been diagnosed in South East Asia. Subsequently, the region has emerged as one of the prominent consumers of 4, 4-Dichlorodiphenyl sulfone. Meanwhile, there are fewer cases of leprosy reported in western countries such as Germany, UK, and the U.S. Hence, demand for pharma grade 4, 4-dichlorodiphenyl sulfone is low in these countries when compared to South East Asia.
Apart from being prominent consumer of 4, 4-Dichlorodiphenyl sulfone, Asia Pacific provides production facilities. For example, companies such as Vertellus and Solvay S.A have large manufacturing base in India. This is due to low labour cost and easy availability of raw materials. As a result, India has emerged as one of the largest exporters of 4, 4-Dichlorodiphenyl sulfone monomer to strategic regions such as North America and Europe.
Moreover, China is also contributing to growth of the global 4, 4-Dichlorodiphenyl sulfone market. The country has approximately 20,000 tons of 4, 4-Dichlorodiphenyl sulfone manufacturing capacity. On the other hand, North America and Europe are witnessing steady growth in demand for 4, 4-Dichlorodiphenyl sulfone monomer. Growing demand for compound is attributed to rising demand for engineered plastic such as PESU and PSU in the region.
Global 4, 4-Dichlorodiphenyl Sulfone (DCDPS) market features a consolidated vendor landscape. It is dominated by three players in the market, which altogether hold more than 60% of global share. BASF, Sumitomo, and Solvay are prominent manufacturing companies. Other companies operating in global 4,4-Dichlorodiphenyl Sulfone (DCDPS) market are Banchem Intermediates, TCI Chemicals Private Limited, Jiujiang Zhongxing Medicine Chemical Co. Ltd., Aarti Industries Limited, Hebei Xulong Chemical Co. Ltd., Vertellus Holdings Inc., and Atul Limited.
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