- Below 99%
- Above 99%
1,4-Dicyclohexylbenzene Market is poised to grow at a CAGR of 4.3% over 2023-2029. 1,4-Dicyclohexylbenzene is a chemical compound, a member of the cycloalkane family, and is employed as a high-temperature heat transfer fluid or heat transfer medium in various industrial applications owing to its thermal stability. The increased application of DCB in chemical manufacturing and semiconductor industries as a heat transfer fluid drives the market. Furthermore, the growth of renewable energy and solar power projects for certain energy applications, particularly in high-temperature solar thermal systems is also anticipated to propel the market. According to (Solar Energy Industries Association) SEIA, more than 6,300 major solar projects are currently ongoing representing nearly 205 GWdc of capacity, mostly in the US.
In addition, the availability of options to customize formulations of DCB according to specific performance characteristics to meet the unique needs of various industries has provided several opportunities for manufacturers to flourish in the market. Currently, the trend toward smaller, more powerful electronic devices has driven demand for DCB in semiconductor manufacturing processes. But, the constant fluctuations in price for factors like raw material costs, supply chain disruptions, and increase in competition owing to the availability of other alternatives for heat transfer fluids in the market may hinder the market growth. However, the advancement in technology for the production and purification of DCB, growth in renewable energy and solar power projects, increased research and development efforts in various industries, and economic growth is anticipated to burgeon the market during the forecast years.
Fastest Growing Market
The 1,4-Dicyclohexylbenzene market is expected to rise as the DCB with a purity level of 99% or higher is used extensively in various applications, particularly those that require stringent purity standards. The rising demand for extremely high-purity materials to prevent contamination in the manufacturing process in the semiconductor industry drives the market. The reliability and performance of semiconductor devices can be impacted by even minute contaminants. Furthermore, the rising interest in research and development by several research institutions and laboratories working on cutting-edge technologies and chemical research is also anticipated to propel the market growth owing to the requirement of high-purity DCBs to ensure the accuracy and reliability of their experiments and reactions. Additionally, industries with strict quality control standards rely on high-purity DCBs to maintain the integrity and consistency of their products.
The global market is expected to grow at 4.3% CAGR over the forecast period 2023 – 2029.
The increased application of DCB in chemical manufacturing and semiconductor industries as a heat transfer fluid drives the market.
Schultz Canada Chemicals Ltd., Biosynth Carbosynth, Henan Tianfu Chemicals Co. Ltd., Changsha Easchem Co. Ltd., Hefei TNJ Chemical Co. Ltd., Jiangsu Zhongneng Chemical Technology Co Ltd., Tokyo Chemical Industry Ltd., Syntechem Co. Ltd., and Pubchem, Avantor, and Fisher scientific are a few companies operating in 1,4-Dicyclohexylbenzene market.