Global Dibasic Ester (DBE) Market Is Valued At 333.79 Million USD In 2017 And Is Expected To Reach 1001.93 Million USD By The End Of 2024
Monday, 28 Jan, 2019
Global Dibasic Ester (DBE) Market Is Valued At 333.79 Million USD In 2017 And Is Expected To Reach 1001.93 Million USD By The End Of 2024

Dibasic Esters (DBE), also known as DMEs (dimethyl esters), are chemical compounds composed of a mixture of three dibasic esters namely: dimethyl adipate (DMA), dimethyl glutarate(DMG) and dimethyl succinate (DMS). DBE is used in a variety of solvent applications both as a standalone solvent and in formulations; however, it can be used as a chemical intermediate. Among various applications, demand from coating industry accounts for the largest market share with 67.31% in 2017.

Global production of dibasic esters is 284.2 K MT in 2017, increased from 161.0 K MT in 2013. China is the largest base of dibasic esters globally with the share of 43.82% in 2017, followed by North America with 27.94% share.

When refers to the consumption, China is the largest one and contributed 33.53% share in the consumption market in 2017. The second consumers is North America, with 79.6 K MT consumed in the region.

Dibasic esters have been widely used in various industries for many years due to its distinctive properties. Backed with promising demand from downstream industries, it is estimated that global Dibasic esters industry will be worthy of 1001.93 million USD in 2024, with the CAGR of 17% during the period of 2017 to 2024.