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Diisononyl Phthalate Market - By Type (PVC, Polyurethanes, Acrylics) By Application (Films & Sheets, Flooring & Wall Covering, Wires & Cables, Adhesives & Sealants, Coated Fabrics) By End-Use & Forecast, 2024 – 2032

  • Report ID: GMI8840
  • Published Date: Apr 2024
  • Report Format: PDF

Diisononyl Phthalate Market Size

Diisononyl Phthalate Market was valued at around USD 2.32 billion in 2023 and is anticipated to register a CAGR of over 5.6% between 2024 and 2032. The industry encompasses the segment of compressed gas witnessing a surge in demand across various industries owing to its versatile applications.

Diisononyl Phthalate Market

Polyvinyl chloride (PVC) is widely utilized in the diisononyl phthalate (DINP) market primarily due to its excellent compatibility with plasticizers such as DINP. PVC is a versatile thermoplastic polymer known for its durability, chemical resistance, and ease of processing, making it an ideal choice for various applications where DINP is used as a plasticizer. The combination of PVC and DINP creates flexible and durable products, including vinyl flooring, cables, toys, and automotive parts. Moreover, PVC-DINP formulations offer cost-effectiveness and long-lasting performance, further enhancing their appeal across industries. The widespread availability of PVC and its compatibility with DINP contribute significantly to its dominance in the DINP market.

In recent years, there has been a growing trend towards environmental sustainability and regulatory compliance, which is influencing the DINP market. Concerns over the potential health risks associated with phthalates, including DINP, have led to stricter regulations on their usage in various regions worldwide. As a result, there is a shift towards the development and adoption of alternative plasticizers that offer comparable performance while meeting stringent regulatory requirements. This trend towards eco-friendly and regulatory-compliant solutions is gradually impacting the demand for DINP and consequently influencing the overall dynamics of the market. As companies strive to align with these changing regulations and consumer preferences, the DINP market is witnessing a gradual transition towards greener alternatives, challenging the dominance of traditional PVC-DINP formulations and reshaping the competitive landscape.

The volatility in raw material prices within the diisononyl phthalate (DINP) market poses a significant restraint on its stability and profitability. Fluctuations in crude oil prices, the primary feedstock for DINP production, can ripple through the supply chain, leading to unpredictable costs and margins. Additionally, uncertainties surrounding feedstock availability, regulatory changes, and currency exchange rates further exacerbate this challenge. Such volatility introduces a layer of risk for manufacturers and investors, hindering long-term planning and investment decisions. To navigate these challenges effectively, industry players must adopt robust risk management strategies and closely monitor market dynamics to mitigate the impact of raw material price volatility on their operations.

Diisononyl Phthalate Market Trends

The growing demand for coatings and adhesives serves as a significant driver for the diisononyl phthalate (DINP) market. As industries such as construction, automotive, and packaging continue to expand, the need for high-performance coatings and adhesives rises in tandem. DINP, known for its excellent plasticizing properties and compatibility with various resins, emerges as a crucial component in formulating these coatings and adhesives. Its ability to enhance flexibility, durability, and adhesion in coatings, as well as improve bonding strength and tackiness in adhesives, makes DINP a preferred choice for manufacturers seeking to meet the stringent performance requirements of modern applications. Moreover, DINP's versatility enables its use across a wide range of substrates, including plastics, metals, and textiles, further fueling its adoption in diverse coating and adhesive formulations. This growing reliance on DINP underscores its indispensable role in fulfilling the evolving needs of industries reliant on coatings and adhesives, cementing its position as a key driver in the market's trajectory.

Furthermore, the increasing adoption of diisononyl phthalate (DINP) in the construction industry serves as a pivotal driver for market growth. As a versatile plasticizer, DINP enhances the flexibility, durability, and resilience of various construction materials, including PVC pipes, flooring, cables, and insulation. Its ability to improve the workability and performance of these materials makes it indispensable in modern construction projects. Moreover, DINP's compatibility with other additives and its cost-effectiveness further solidify its position as a preferred choice among manufacturers and builders. With the construction industry experiencing robust expansion globally, the demand for DINP is expected to continue surging, driving market growth in the foreseeable future. This trend underscores DINP's vital role as a key enabler of innovation and sustainability in the construction sector.

Diisononyl Phthalate Market Analysis

Diisononyl Phthalate Market Size, By Type, 2021 - 2032 (USD Billion)

Based on type, the market is divided into PVC, polyurethanes, acrylics, and others. PVC held the dominant market share of USD 990 million in 2023. PVC's dominance in the diisononyl phthalate (DINP) market stems from its widespread use across diverse industries, supported by DINP's role as a critical plasticizer. PVC's versatility allows it to meet a broad spectrum of performance requirements in applications ranging from construction to automotive and healthcare. DINP serves as a key additive in PVC formulations, enhancing its flexibility, durability, and processability. This partnership between PVC and DINP enables manufacturers to produce cost-effective materials without compromising on performance.

Additionally, PVC's long-standing industry acceptance and regulatory compliance further solidify its position as the preferred choice. Despite concerns over phthalate usage, extensive research and regulation have affirmed the safety of PVC/DINP formulations, ensuring their continued use across various sectors. Overall, PVC's inherent properties combined with DINP's functional benefits underscore their dominance in the market, making them indispensable materials in modern industrial applications.

Diisononyl Phthalate Market Revenue Share, By Application, (2023)

Based on application, the market is categorized as films & sheets, flooring & wall covering, wires & cables, adhesives & sealants, coated fabrics, and others. Films and sheets accounted for 34% of the market share in 2023 and is projected to grow through 2032. Films and sheets dominate the diisononyl phthalate market primarily due to the unique properties and versatility they offer in various industries. DINP is commonly used as a plasticizer in the production of films and sheets to enhance their flexibility, transparency, and durability. This versatility makes DINP-based films and sheets suitable for a wide range of applications, including packaging, automotive interiors, medical devices, and construction materials.

Additionally, DINP helps improve the processability of polymers, allowing for easier manufacturing and customization of films and sheets to meet specific requirements. The demand for flexible packaging solutions, coupled with DINP's compatibility with polymers like PVC and polyethylene, further drives the dominance of films and sheets in the DINP market. Moreover, the growing emphasis on sustainability and recyclability in packaging materials has led to increased use of DINP in bio-based and eco-friendly film formulations, further fueling its dominance in this segment. Overall, the combination of DINP's beneficial properties and the diverse applications of films and sheets solidifies their position as the dominant choice in the DINP market.

Based on end-use, the market is categorized as consumer goods, packaging, construction, automotive, electronics and electricals, and others. Consumer goods dominate the diisononyl phthalate industry primarily due to the material's versatility, cost-effectiveness, and performance-enhancing properties. DINP is widely utilized as a plasticizer in the production of consumer goods, including flexible PVC-based products such as toys, footwear, upholstery, and packaging materials. Its ability to impart flexibility, durability, and resilience to these products makes it an essential component in their manufacturing process. Furthermore, DINP's compatibility with PVC and other polymers allows for seamless integration into various consumer goods applications. Additionally, DINP has undergone rigorous regulatory scrutiny and is deemed safe for use in consumer products, further bolstering its dominance in this market segment. The widespread acceptance of DINP-enhanced consumer goods, coupled with its cost-effectiveness and performance benefits, solidifies its position as the preferred choice for manufacturers in the consumer goods industry.

Asia-Pacific Diisononyl Phthalate Market Size, 2021- 2032 (USD million)

Asia-Pacific dominated the global diisononyl phthalate market in 2023. It generated a revenue of USD 820 million in 2023. The Asia-Pacific region dominates the diisononyl phthalate (DINP) market due to several interconnected factors. Its robust industrial landscape, characterized by extensive manufacturing capabilities across various sectors, drives substantial demand for DINP as a crucial plasticizer. Rapid urbanization and infrastructure development in countries like China and India fuel significant consumption of DINP in construction materials such as PVC pipes and flooring.

Additionally, the region's large and growing consumer base, particularly in emerging economies, fuels demand for DINP-containing consumer goods like toys, footwear, and packaging materials. Asia-Pacific's competitive advantages, including lower production costs, abundant raw materials, and a supportive regulatory environment, attract investments in DINP manufacturing facilities, further strengthening its market dominance. Overall, the convergence of industrial growth, construction activities, expanding consumer markets, and favorable business conditions solidifies Asia-Pacific's position as the leading force in the global DINP market.

Diisononyl Phthalate Market Share

Diisononyl Phthalate Market Company Share, (2023)

Aekyung, BASF SE, Eastman Chemical Company, Evonik Industries AG and Exxon Mobil Corporation collectively dominate the diisononyl phthalate industry with their extensive industry experience, innovative product offerings, and widespread global presence. Aekyung, a leading chemical manufacturer based in South Korea, offers high-quality diisononyl phthalate (DINP) as a versatile plasticizer. With a focus on innovation and sustainability, Aekyung's DINP is trusted by industries worldwide for its reliability and performance. BASF SE is a leading global chemical company, recognized for its production and distribution of various chemicals, including diisononyl phthalate (DINP), a crucial plasticizer used in a wide range of applications such as construction materials, automotive components, and consumer goods. With a strong focus on innovation and sustainability, BASF SE continues to play a significant role in shaping the DINP market landscape.

Eastman Chemical Company is a leading producer of diisononyl phthalate (DINP), offering high-quality plasticizers for various applications. With a focus on innovation and sustainability, Eastman's DINP products meet stringent industry standards while delivering superior performance. Evonik Industries AG is a leading global supplier of diisononyl phthalate (DINP), offering high-quality plasticizers for diverse applications. Leveraging its expertise in chemical manufacturing, Evonik delivers innovative DINP solutions tailored to meet the performance and sustainability needs of various industries. Exxon Mobil Corporation is a leading producer of diisononyl phthalate (DINP), a versatile plasticizer widely used in construction materials, automotive parts, and consumer goods. Leveraging its extensive chemical expertise and global presence, Exxon Mobil supplies high-quality DINP to meet diverse market demands, further solidifying its position as a key player in the market.

These market leaders collectively shape the competitive landscape of the market, driving innovation, setting industry standards, and meeting the evolving demands of customers worldwide. With their focus on research and development, technological advancements, and strategic partnerships, these companies continue to expand their market share and strengthen their foothold in key regions. Their relentless pursuit of excellence, coupled with their customer-centric approach, positions them as preferred suppliers of diisononyl phthalate, contributing significantly to the growth and development of the global construction industry.

Diisononyl Phthalate Market Companies

Major players operating in the market include:

  • Aekyung Petrochemical Co., Ltd
  • Eastman Chemical Company
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Hallstar
  • KLJ Group
  • Mitsubishi Chemical Group Corporation
  • Polynt S.p.A
  • UPC Technology Corporation
  • UPC Technology Corporation

Diisononyl Phthalate Industry News

  • In November 2021, Evonik announced its plans to launch new plasticizer products based on the raw material INA to strengthen its plasticizer portfolio.
  • In July 2019, BASF increased the production capacity of Isononanoic acid (INA) and 2-Ethylhexanoic Acid (2-EHA), raw materials for the production of DINP, from 55,000 MT to 68,000 MT per year in Germany and Malaysia. The expansion of these facilities helps the company to meet the global demand for high-quality chemical intermediates.

The diisononyl phthalate market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Type

  • PVC
  • Polyurethanes
  • Acrylics
  • Others

Market, By Application

  • Films & Sheets
  • Flooring & Wall Covering
  • Wires & Cables
  • Adhesives & Sealants
  • Coated Fabrics
  • Others

Market, By End-Use

  • Consumer Goods
  • Packaging
  • Construction
  • Automotive
  • Electronics and Electricals
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for diisononyl phthalate was estimated at USD 2.32 billion in 2023 and will expand at a 5.6% CAGR between 2024 and 2032 owing to expanding construction activities, especially in emerging economies, contribute significantly to the market growth.

The PVC segment in the diisononyl phthalate industry secured USD 0.99 billion in 2023, attributed to the widespread use of DINP as a plasticizer in PVC production, offering flexibility and durability to PVC products.

Asia Pacific industry size garnered USD 0.82 billion in revenue in 2023, driven by the region's rapid industrialization, particularly in construction, automotive, and packaging sectors where diisononyl phthalate is extensively used as a plasticizer.

Prominent diisononyl phthalate firms are Aekyung Petrochemical Co., Ltd, BASF SE, Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Hallstar, KLJ Group, Mitsubishi Chemical Group Corporation, NAN YA Plastics Corporation, Polynt S.p.A, UPC Technology Corporation, among others.

Diisononyl Phthalate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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