Global 3,3’-Diaminodiphenyl Sulfone Market Forecast, Trend Analysis And Competition Tracking - Market insights 2015 to 2031

3,3’-Diaminodiphenyl Sulfone Market Introduction

Demand for 3,3’-Diaminodiphenyl Sulfone from 2015 to 2020 Vs. Future Market Projections for 2021-2031

From 2015 to 2020, sales of 3,3’-Diaminodiphenyl Sulfone have increased at a stable rate, expanding over 2.9% CAGR.

Sulfones are inert chemical compounds that contain a sulfonyl functional group attached with the carbon atoms and are used to produce epoxy resin and other products.  3,3'-diaminodiphenyl sulfone, with a chemical formula of C₁₂H₁₂N₂O₂S, is a crystalline powder with a whitish or slightly brownish appearance and molecular weight of 248.3 g/mol.

However, the recent COVID-19 pandemic has severely disrupted the entire chemicals industry. The supply of 3,3’-diaminodiphenyl sulfone and its raw materials, mainly from China, was considerably impeded due to stringent trade regulations imposed by several global economies. The second quarter of 2020 was also at a damaging pace with a significant gap in demand and supply.

Global 3,3’-Diaminodiphenyl Sulfone Market Revenue Outlook:

The global 3,3’-diaminodiphenyl sulfone market was valued at over US$ 111.4 Mn in 2021 and is projected to register а САGR of over 2.9% by 2031.

Nonetheless, various industry players in the global chemical market are now increasingly focusing on establishing successful partnerships, acquisitions and joint ventures to strengthen their respective customer bases. In doing so, these participants are also improving their supply capabilities to meet customer needs locally and globally. This factor, coupled with the industrialization prospects of developing economies in the Asia-Pacific region such as China, India, Taiwan, and Indonesia, is expected to create a large number of business opportunities for major players during the forecast period.

Factors supporting the revenue growth for the 3,3’-Diaminodiphenyl Sulfone market

The demand for 3,3’-DDS has been increasing for the production of polymers that are widely used in industries such as consumer goods and appliances, and others. These polymers have various properties such as durability, thermal and chemical resistance, light-weight, etc. and are used in the manufacturing of machinery and equipment of various industries and are expected to have a significant impact on the growth of the target market.

COVID-19 Impact Analysis

The outbreak of COVID-19 has negatively impacted almost all industries across the world. Chemical industries have been immensely affected in China and India. This novel virus has caused unprecedented damage to international trade and the global economy as a whole. As this deadly virus continues to wreak havoc, it has left several industries and economies in a stage of uncertainty and market volatility in its wake. It has also put a strain on investments and scheduled plans across various sectors. At the nexus of this pandemic, China’s impaired manufacturing and production operations have adversely affected global supply chains as a whole, leaving them in absolute disarray. These respective imposed shutdowns/lockdowns meant to slow the trajectory of this virus have resulted in the crashing of economic outputs, further causing financial market panic and curtailing general travel, leisure and social living than most severe wars have. During the first half of 2020, a sharp decline in economic activities caused the global economy to shrink by 3%, only to partially recover in the second half of that year. With the abatement of the second wave and increased vaccination initiatives, there are visible signs of improvement across various sectors based in numerous countries. This is also another primary factor that is expected to negatively influence future revenue growth prospects for the global 3,3’-diaminodiphenyl sulfone market. A potentially looming economic recession is also likely to affect future investments in this sector adversely.

Market Dynamics

The global 3,3’-diaminodiphenyl sulfone market is segmented on the basis of application, end-use, and regions and countries. Based on application, the target market is segmented into two categories: curing agents and chemical intermediates. The chemical intermediates segment is expected to account for the majority revenue share among the application segments, owing to the increasing demand for epoxy resins in various end-use industries. The market is segmented into building & construction, aerospace, consumer goods, and other end-uses. Among the end-use segments, the consumer goods segment is expected to account for the highest share in this target market, owing to its wide range of end-use products.

Regional Analysis:

The Asia Pacific 3,3’-diaminodiphenyl sulfone market is expected to register the highest growth rate as compared to other regional markets in the target market in the near future owing to growing demand from several end-use industries such as electrical and electronics, pharmaceuticals, and others in countries in the region.

Research Scope:

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Competitive Landscape:

The 3,3’-diaminodiphenyl sulfone market landscape appears highly consolidated, with a major chunk of it being dominated by players with their base in the Asia-Pacific region.

• Aarti Industries Limited
• Atul Ltd.
• Tokyo Chemical Industry Co. Ltd.
• Spectrum Chemical Mfg. Corp
• Cayman Chemical Company
• Hangzhou Dayangchem Co., Ltd.
• Chemwill Asia Co., Ltd.
• Hefei TNJ Chemical Industry Co. Ltd.
• Hebei Jianxin Chemical Co., Ltd.
• Kemiatech
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Global 3,3’-Diaminodiphenyl Sulfone Market, By Application

• Curing Agent
• Chemical Intermediate

Global 3,3’-Diaminodiphenyl Sulfone Market, By End-Use

• Building & Construction
• Aerospace
• Consumer Goods
• Other End-Uses