Diphenyl Sulfone is a solid chemical substance which is insoluble in water, but soluble in organic solvents. Hence, it is used as a solvent in pharmaceutical and paper manufacturing industries. In the pharmaceutical industry, diphenyl sulfone is used as an additive to antimicrobials and also to other important drugs. In the paper manufacturing industry, this chemical is used in the manufacturing of thermal paper, which finds wide usage in the printing sector. Apart from these major usages, diphenyl sulfone is also used in the manufacturing of thermoset polymers and for the production of phenyl compounds which find various usages in the chemical industry.
Since this compound covers a wide range of industrial applications, it is highly coveted by industrial establishments and thus demand for this compound is due to grow in the near future. As per Transparency Market Research, the global diphenyl sulfone market would grow at a steady CAGR over the assessment period of its upcoming report – 2020 to 2030.
The market for diphenyl sulfone is fragmented owing to the presence of a large number of market players. These manufacturers will look to increase output by various expansion techniques like mergers and acquisitions of small scale chemical manufacturing facilities to expand reach.Some of the market players of diphenyl sulfone market are:
The Asia Pacific region (APAC) is currently the market leader for diphenyl sulfone due to a robust pharmaceutical and paper and pulp industry in this region. The Indian pharmaceutical industry gathered revenue of about USD 20 billion in 2019, and is due to grow in the near future owing to the increased demand for Indian pharmaceutical products, especially in current COVID-19 pandemic. Hence, growth of the diphenyl sulfone market is expected to remain steady and strong in this region in the near future.
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