Decalin, also known as naphthalene or bicyclic (4.4.0) decane, with the chemical formula C10H18, is an organic compound. Decalin is a toxic colorless liquid with a slight menthol odor, insoluble in water but miscible with various organic solvents, mainly used as a solvent and lubricant.
Overview of Market Development
Decalin occupies an important position in the chemical industry due to its unique chemical properties and wide range of applications. In recent years, the global market for decalin has shown a stable growth trend. According to our research data, the estimated global decalin market size in 2024 is $251 million, an increase of 3.48% compared to 2023.
In the future, with the development of global environmental policies and the hydrogen energy industry, the demand for decalin will continue to grow, and the market is expected to continue expanding. It is expected that by 2029, the global decalin market size will increase to $310 million. The CAGR for 2024-2029 is estimated to be 4.31%.
Segmented Market Analysis
From the perspective of product types, decalin can usually be divided into two categories based on purity: decalin with purity<98% and decalin with purity ≥ 98%. Among them, decalin with purity<98% dominates the market, with an estimated market share of 75.61% in 2024.
From the perspective of downstream application patterns, decalin is mainly used in fields such as varnish remover and lubricant. Among them, the varnish remover sub segment is the largest downstream application market, with an estimated application share of 50.79% in 2024.
Global Decalin Market Size Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Market analysis of major regions
From a regional perspective, the global decalin market is dominated by three major regions: North America, Europe, and Asia Pacific. Among them, the most flavorful consumer market in the Asia Pacific region. Data shows that the consumption of decalin in the Asia Pacific region is expected to reach 13.48 million tons in 2024, accounting for an estimated 41.67% of the global total consumption; The European and North American markets are expected to rank second and third with a proportion of 26.43% and 23.45%, respectively.
Global Decalin Consumption and Proportion by Region Forecast in 2024
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Regions
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Consumption (Million Tons)
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Proportion
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North America
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7.51
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23.45%
|
|
Europe
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8.47
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26.43%
|
|
Asia Pacific
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13.48
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41.67%
|
|
South America
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1.17
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3.66%
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Others
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1.40
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4.38%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Decalin Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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