The dibenzyl toluene market is projected to grow at a sluggish CAGR of 2.5% in terms of value through the period of forecasting between 2020 and 2030. The growth of the market is attributed to rising application of dibenzyl toluene as dielectric and heat transfer fluids, which will continue to drive the adoption in the years to come. However, the COVID-19 pandemic brought the chemical industry to a standstill, thereby negatively impacting the sales of dibenzyl toluene and further decelerating the slow growth of the market.

"Dibenzyl toluene has found significant usage in liquid organic hydrogen carrier (LOHC) systems, on the back of its physical properties that offer high resistance to temperature. Moreover, the rising need for effective storage and transportation of hydrogen will, in turn, complement the growth of the market in the form of hydrogenous GmbH," says the Fact.MR report.

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Dibenzyl Toluene Market - Key Takeaways

The global dibenzyl toluene market is projected to bestow an incremental opportunity of US$ 21Mn through the assessment period and will grow 1.4X in value by the end of 2030.
Based on applications, usage as heat transfer fluid is projected to capture over 55% market value during the forecast period, while application as dielectric fluid is forecasted to gain prominence in the years to come.
Among grades, dibenzyl toluene of grade, the