Structure Directing Agents Market size is expected to cross USD 1.6 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of structure directing agents was over USD 600 Million. The market is seeing profitable potential due to the growing demand for sophisticated materials in the automotive and industry sectors. The industry produced 2,59,31,867 vehicles between April 2022 and March 2023, as opposed to 2,30,40,066 units between April 2021 and April 2022. These vehicles included passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles.
In addition, the efficiency and effectiveness of SDAs have grown due to technical breakthroughs and material science advancements, opening up new applications. In the petrochemical, energy, and environmental sectors—where the performance of these industries depends on the synthesis of materials with certain properties-there is an especially strong demand for SDAs.
Author Credits: Rajrani Baghel
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