Divinylbenzene Market Size, Share, Growth Analysis, By Type(DVB 50, DVB 63, DVB 80, and Others), By Application(Ion Exchange Resins, Chromatographic Resins, Adhesives & Coatings, Ceramics), By Region - Industry Forecast 2024-2031

The global divinylbenzene market is marked by a competitive landscape full of several key players striving to gain and retain market share. The industry’s prominent players include Nippon Steel Chemical & Material Co., Ltd., Dow Chemical Company, Mitsubishi Chemical Corporation, and Merck KGaA.

These firms use several tactics to keep their share of the market. These strategies to maintain their competitive advantage include product innovation, collaborations and partnerships, and geographic expansion.

These players emphasize the development of high-quality divinylbenzene grades and product diversification. This trend drives the use of these products in various applications like water treatment, chromatography resins, and pharmaceuticals.

These players are making heavy investments to develop sustainable recycling solutions and green manufacturing processes, in alignment with environmental regulations and sustainability initiatives worldwide. The market's heated competition is influenced by the consolidation of smaller players which they achieve through mergers and acquisitions, in order to combine resources and have a better chance of gaining market share.

Top Player’s Company Profile

• Dow Chemical Company (USA)

• Chevron Phillips Chemical Company (USA)

• Nippon Steel Chemical Co., Ltd. (Japan)

• Formosa Plastics Corporation (Taiwan)

• Eastman Chemical Company (USA)

• Mitsubishi Chemical Corporation (Japan)

• LG Chem (South Korea)

• Sumitomo Chemical Co., Ltd. (Japan)

• AkzoNobel N.V. (Netherlands)

• Evonik Industries AG (Germany)

• Royal Dutch Shell Plc (Netherlands)

• Sinopec Group (China)

• Idemitsu Kosan Co., Ltd. (Japan)

• Honeywell International Inc. (USA)

• BASF SE (Germany)

• LyondellBasell Industries N.V. (Netherlands)

• INEOS Group (Switzerland)

• Asahi Kasei Corporation (Japan)

• Solvay S.A. (Belgium)

• JXTG Holdings, Inc. (Japan)

• Styron (Trinseo) (USA)

• PTT Global Chemical Public Company Limited (Thailand)

• Versalis S.p.A. (Italy)

• Merck KGaA (Germany)

• SABIC (Saudi Arabia)