Report Code: A14552 | Pages: NA | Mar 2023 | 758 Views | ||
Author(s) : Eswara P | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Dioxolane, also known as 1,3 – Dioxolane, is a cyclic diether and exhibits properties similar to that of strong aprotic solvents and is used in a number of formulations and production processes. Dioxolane is slightly denser than water and is used as solvents and as a monomer or co-monomer in formation of Polyacetal resins. Dioxolane is being used in a number of segments owing to its capability to dissolve polar polymers including epoxies, urethanes and polyesters. Moreover, its low boiling point aids to accomplish comparatively fast drying. In the textiles industry, it is use as a swelling and finishing agent, which is another application for 1,3-dioxolane and is expected to increase in the forecast period.
COVID-19 Impact analysis
The COVID 19 pandemic had a mixed effect on the Dioxolane market. Due to the lockdown imposed around the world, travel restrictions as well as the shutdown of market, the major end use industries of Dioxolane, namely metalworking, coatings, textile and cosmetics industries suffered a noteworthy setback due to the pandemic. Due to the lockdown, the demand for the products entailing to the above-mentioned industries declined sharply, which in turn, led to drop in demand for Dioxolane. The metalworking industries were shut down for a long time, whereas the petroleum industry also faced a tough time. The demand for cosmetics and textiles also dropped sharply, leading to a drop in demand of Dioxolane. Altogether, the Dioxolane market witnessed a slump due to the COVID-19 pandemic but is still anticipated to flourish in the post pandemic forecast period.
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Dioxolane Market Report Highlights
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Key Market Players | abcr GmbH, BASF SE, ChemTik, Finetech Industry Limited, Honeywell, Kairav Chemofarbe Industries Ltd, Merck, Sigma-Aldrich Co. LLC, TCI Chemicals Pvt. Ltd., VladaChem GmbH, Tractus, Zhejiang Arts & Crafts Imp & Exp Co. Ltd. |
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