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Diisononyl Phthalate Market Trends

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

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.

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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