Expert Market Research’s new report titled “Global Diisononyl Phthalate (DINP) Market Report and Forecast 2021-2026′, gives an in-depth analysis of the global Diisononyl Phthalate (DINP) market, assessing the market based on its segments such as product type, application and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): USD 3.01 billion
- Forecast CAGR (2021-2026): 3.7%
- Forecasted market size (2026): 3.75 billion USD
The growth of the diisononyl phthalate market is attributed to the increase in investments in building and construction. The demand for flooring and wall coverings is increasing in emerging Asia-Pacific countries such as China, India, Taiwan and South Korea. A growing demand for soft PVC in emerging economies, however, offers growth opportunities for DINP manufacturers. The regional diisononyl phthalate market is expected to grow owing to the rapid increase in reconstruction activities and growing demand for the product across the vast automotive industry. The market in the region is expected to grow rapidly owing to strong growth and innovation, along with industry consolidations. Due to its flexibility, durability, toughness, weather resistance, temperature resistance and processability, PVC polymer is the market leader. PVC is a versatile polymer that can be found in a variety of applications including floor and wall coverings, wires and cables, movies and linens, coated fabrics and consumables.
Industry definition and major segments
Diisononyl phthalate (DINP) is a phthalate plasticizer that is mainly used as an additive in PVC plastics, copolymers and resins. It is a phthalate-based plasticizer which is mainly used as an additive in PVC plastics, copolymers and resins. Plasticizers significantly improve the function and flexibility of various polymeric materials. Phthalate plasticizers are sold in a solid, colorless and odorless form. Phthalate plasticizers are extremely durable, economical and have excellent weather and temperature resistance. DINP is a high molecular weight phthalate plasticizer. DINP is mainly used to improve the flexibility of PVC products.
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By product type, the market includes:
On the basis of Application, the Diisononyl Phthalate (DINP) market is segmented into:
- Coated fabrics
- Consumer goods
- Films and Sheets
- Floor and wall covering
- wires and cables
On the basis of region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Growing demand from major end-use industries such as automotive, construction, paints & coatings, and toy manufacturing are the factors driving the growth of the market. Almost all fast-growing industries, such as footwear, plastics and electronics, use the product which is expected to fuel demand. The global DINP market has been growing at a high CAGR in recent years owing to its use in the production of food-grade packaging materials. Additionally, during the forecast period, growing demand for water, chemical, oil and fuel resistant rubber in automotive and electronic applications is expected to be the major driver for the diisononyl phthalate market . Governments of emerging economies in the region are promoting their footwear manufacturing industries which is expected to boost the demand for the product during the forecast period. Additionally, the rapid growth of the toy manufacturing industry in this region is expected to propel the global diisononyl phthalate market.
Main market players
Major market players include Exxon Mobil Corporation, BASF SE, Evonik Industries AG, KLG Group, Mitsubishi Chemical Holdings Corporation, and LG Chem Ltd., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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