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The P-Dioxane market size is expected to reach $ 500 million by 2025, after increasing at a CAGR of 5% in 2020-2025. P-Dioxane is a colorless liquid with a faint ethereal odor also known as 1,4-dioxane and 1,4-diethylene dioxide. It looks like a smaller crown ether with only two ethyleneoxyl units. The dioxane in the conformation of the chair would be symmetrical, and therefore nonpolar, with the molecule also occupying the conformation of the boat and would be very polar. P-dioxane is used as a solvent for cellulose acetate, resins, oils and waxes. The growing demand for p-dioxane in agrochemical industries for the manufacture of herbicides and insecticides is driving the growth of this market. Whereas the increasing use of p-dioxanes in the formulation of inks, coatings and adhesives is also likely to drive the growth of p-dioxane market size during the forecast period. P-dioxanes are also used as surfactants in hydraulic fracturing fluids. However, the degradability and carcinogenic effects of p-dioxane on human health are a hindrance to the growth of the market.
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Application – Segment Analysis
Drugs segment holds the largest share of over 25% of p-dioxane market in 2019 due to its uses in drug / pharmaceutical manufacturing. P-Dioxane is also used in pharmaceutical sciences as a versatile model for studying drug solubility and in the design of homogeneous pharmaceutical dosage forms such as syrups and elixirs. In addition, the increasing research activities and heavy government investments in the healthcare sector are also driving the growth of the p-dioxane market. For example, according to the National Health Expenditure Accounts (NHEA), health spending in the United States increased 4.6% to $ 3.6 trillion in 2018.
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End Use – Segment Analysis
The agrochemical segment is expected to experience the highest CAGR of 6.5% in the p-dioxane market during the forecast period due to the increasing use of p-dioxane for the production of herbicides and pesticides. As. P-dioxanes are used as a reaction intermediate in the production of pesticides. Whereas the growing concern over crop protection increases the demand for pesticides for better crop productivity, further propels the growth of the p-dioxane market. According to Trade Map, imports of pesticides into China increased by 14% to 89,771 tonnes in 2019, subsequently fueling the growth of the p-dioxane market.
COVID-19 has proven to be a difficult factor for p-dioxane. The coronavirus epidemic has postponed deliveries of p-dioxane and other equipment to construction sites, due to lack of personnel or supplies, as well as travel bans. Industries are closed all over the world. P-dioxanes are widely used in various vertical applications in industry. For example, in the automotive industry, it is used for the manufacture of greases and coolants for automobiles. While the decrease in people’s purchasing capital during this pandemic period impacted the auto industry, which in turn reduced the demand for p-dioxane and hampered market growth. According to the China Passenger Car Association (CPCA), the first two months of the year 2020, sales decreased by 40% or more compared to the same period in 2019. However, the pharmaceutical industry is booming in this pandemic situation which stimulates the growth of p -Dioxane market.
Geography – Segment Analysis
Asia-Pacific is expected to experience the highest CAGR of 7% in the p-dioxane market during the forecast period owing to the rapid industrial expansion and population growth as well as the change in lifestyle which has accelerated the growth of the p-dioxane market in the APAC region. In addition, the growing textile industry in developing countries like China and India is also contributing to the growth of the market. Like, p-dioxanes are used as a wetting and dispersing agent in the treatment of textiles. According to the Indian Brand Equity Foundation (IBEF), the Indian textile industry was estimated at around USD 108 billion in 2017 and is expected to reach USD 223 billion by 2021, subsequently increasing the demand for p-dioxane for textile processing. . P-dioxane is also used for the extraction of vegetable oil. Growing food demand around the world is increasing the use of p-dioxanes for petroleum processing. According to the Food and Agriculture Organization of the United Nations (FAO), Indonesia and Malaysia dominated vegetable oil exports in 2018 and are expected to continue to dominate. Almost 70% of Indonesian vegetable oil and more than 80% of Malaysian vegetable oil is exported. In addition, in 2018, the FAO estimated that Indonesian oil exports would increase by 1.6% per year, subsequently boosting the p-dioxane market.
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Pilots – p-dioxane market
Growing demand from the transport and construction industries
P-Dioxanes are widely used as a solvent in the formulation of paints, dyes, adhesives and sealants. The increasing use of adhesives and sealants to block the passage of water and air in buildings is increasing the demand for p-dioxanes. In the automotive industry, sealants and adhesives are not only used to strengthen mechanical joints, but also to tighten or seal joints and fasteners. According to the Institution of Civil Engineers (ICE), global construction production will increase by 85% to reach $ 15.5 trillion by 2030, with China, the United States and India accounting for nearly 57% of all world growth. Increasing construction activity and demand for electric vehicles increases the use of paints, adhesives and sealants, which is driving the growth of the p-dioxane market. In addition, the International Energy Agency saw a 63% growth in the global stock of electric passenger cars, surpassing 5 million in 2018, further fueling the p-dioxane market.
Growing fashion industry and changing lifestyle
The increase in disposable income and the adoption of Western culture in emerging economic countries has spurred the growth of the fashion industry. P-dioxane has a slight pleasant odor like ether and is used in deodorants. Thus, the increasing demand for antiperspirants and colorful clothing increases the growth of p-dioxanes. According to Trade Map, global import spending on clothing and clothing accessories increased 9% to $ 4,741,531 in 2018. Huge spending by young people on fashion clothing products is increasing the market. According to the China Luxury Report, Chinese consumers at home and abroad spent 115 billion on luxury fashion items in 2018, equivalent to one-third of global spending.
Challenges – p-dioxane market
Degradability and harmful effects of p-dioxane
p- Dioxanes are relatively resistant to biodegradation in water and soil. They are toxic and have harmful effects including dizziness, eye, nose and throat irritation. High exposure can also cause fatal liver and kidney damage and brain damage. The International Agency for Research on Cancer has determined that 1,4-dioxane may be carcinogenic to humans. In addition, government regulations on the use of p-dioxane are also limiting the growth of the market. For example, in December 2019, New York State passed Senate Bill S4389B, to ban household cleaning products, cosmetics, and personal care products that contain 1,4-dioxane. This act takes effect from January 1, 2022.
Market landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the p-dioxane market. In 2019, the p-dioxane market was consolidated by the top five players representing xx% of the share. The major players in the p-dioxane market are TCI Chemicals Pvt. Ltd., Apollo Scientific Ltd, AccuStandard, Changzhou Highassay Chemical Co., Ltd, Sigma-Aldrich, Inc, Glentham Life Sciences Ltd., King Scientific LLC, WATSON INTERNATIONAL LTD, BASF SE and Alfa Aesar, among others.
Technology acquisitions / launches
In May 2020, BASF SE launched a 1,4-dioxane calculator that allows personal care formulators to determine the 1,4-dioxane content of their formulas. It is accessible from desktop and mobile devices and recommends alternative BASF ingredients to bring the total 1,4-dioxane to less than 1 ppm.
In January 2020, BASF SE expanded its range of low 1,4-dioxane by adding new ingredients to the existing range of surfactants and polymers in North America that will help meet the new regulations.
Key points to remember
The United States has shown significant growth during the forecast period in the p-dioxane market due to the established pharmaceutical industry across the country.
Government regulations and the carcinogenic effect of p-dioxane act as a brake on the growth of the market. For example, the National Institute for Occupational Safety and Health (NIOSH) considers 1,4-dioxane to be a potential occupational carcinogen.
The increasing use of pesticides in developing countries like India and China is driving the growth of the p-dioxane market.
The coronavirus outbreak has disrupted the global supply chain and the economy, which in turn hampers the growth of the p-dioxane market during the forecast period.
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