The global Diisononyl Phthalate market stood at approximately 1270 thousand tonnes in 2022 and is anticipated to grow at a healthy CAGR of 4.0% during the forecast period until 2032.
Diisononyl phthalate (DINP), a widely employed phthalate ester, serves as a crucial plasticizer with diverse applications across industries. Predominantly utilized in the manufacturing of polyvinyl chloride (PVC) products, DINP imparts flexibility and resilience to materials, finding extensive use in cables, flooring, films, and coated fabrics. Its significance extends to the automotive sector, where it contributes to the production of flexible PVC components, including wire and cable insulation, interior trim, and upholstery. The construction industry benefits from DINP in the creation of PVC pipes, sheets, and cables, ensuring the necessary workability and flexibility of construction materials. Beyond industrial applications, DINP is prevalent in consumer goods like inflatable toys, footwear, gloves, and sporting goods, enhancing their overall flexibility and durability. Furthermore, DINP plays a vital role in adhesives and sealants formulations, augmenting flexibility and adhesion properties. Its inclusion in industrial coatings enhances their flexibility and resilience on surfaces such as metal and concrete. DINP's utility extends to wire and cable insulation, providing crucial flexibility and electrical insulation properties. While DINP remains prevalent in various applications, ongoing scrutiny and regulatory measures underscore the need for continued assessment of its potential environmental and health impacts.
The market is experiencing significant growth, primarily driven by an increased demand from key industries such as automotive, construction, paints & coatings, and toy manufacturing. The product finds widespread application across rapidly expanding sectors like footwear manufacturing, plastics, and electricals, further contributing to its anticipated surge in demand in the forecast period. Over the past few years, the global DINP market has exhibited robust growth at a considerable Compound Annual Growth Rate (CAGR), driven by its utilization in the production of food-grade packaging materials. Moreover, the growing need for high-performance rubber with resistance to water, chemicals, oil, and fuel in automotive and electronics applications is expected to play a pivotal role in propelling the Diisononyl Phthalate market. The global Diisononyl Phthalate market size is anticipated to reach nearly 1880 thousand tonnes by 2032.
On the basis of type, Diisononyl Phthalate market is segmented into PVC, Acrylics, Polyurethanes, Rubber, Polyethylene, and Others. Among these, PVC type holds the largest market share. Attributed to the increasing adoption of polyvinyl chloride across diverse end-use industries such as automotive, packaging, electronics, among others. The escalating demand for polyvinyl chloride is fuelled by its extensive attributes including flexibility, durability, toughness, weather resistance, thermal resistance, and more. PVC applications, providing the necessary flexibility and elasticity for various purposes. Consequently, it is expected that the di-isononyl phthalate market will be predominantly influenced by the continued dominance of polyvinyl chloride (PVC) polymer throughout the forecast period.
Based on region, Asia Pacific region is the biggest consumer of Diisononyl Phthalate and is poised to assert dominance in the global Diisononyl Phthalate market throughout the forecast period. This regional market experiences robust growth, driven by heightened demand from key industries such as automotive, construction, and electricals. Government incentives in emerging economies within the region are further fuelling the demand, particularly in the footwear manufacturing sector. North America closely follows Asia-Pacific region. The region is witnessing accelerated growth attributed to ongoing reconstruction activities and a substantial demand surge within the expansive automotive industry. Europe represents another substantial market driven by increasing demand for Diisononyl Phthalate in the automobile sector.
Based on the end-user industry, the global Diisononyl Phthalate market is divided into Floor & Wall Covering, Wire & Cables, Films & Sheets, Consumer Goods, and Others. However, Floor & Wall Covering Industry holds the largest segment of the global Diisononyl Phthalate market followed by Wire & Cables industry.
Major players in the Global Diisononyl Phthalate market are UPC Technology Corporation, Nan Ya Plastics Corporation, Aekyung Petrochemical, Shandong Qilu, Eastman Chemical Company, LG Chem, BASF SE, Evonik Industries AG, Exxonmobil Corporation, NEW JAPAN CHEMICAL CO. LTD, Guangdong Chunda Chemical Industry, and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Diisononyl Phthalate which covers production, demand and supply of Diisononyl Phthalate market in the globe.
• To analyse and forecast the market size of Diisononyl Phthalate
• To classify and forecast Global Diisononyl Phthalate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Diisononyl Phthalate market in the globe.
To extract data for Global Diisononyl Phthalate market, primary research surveys were conducted with Diisononyl Phthalate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Diisononyl Phthalate market over the coming years.
ChemAnalyst calculated Diisononyl Phthalate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Diisononyl Phthalate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Diisononyl Phthalate manufacturers and other stakeholders
• Organizations, forums and alliances related to Diisononyl Phthalate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Diisononyl Phthalate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Diisononyl Phthalate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1270 thousand tonnes
Market size Volume in 2032
1880 thousand tonnes
Growth Rate
CAGR of 4% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Floor & Wall Covering, Wire & Cables, Films & Sheets, Consumer Goods, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Diisononyl Phthalate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Diisononyl Phthalate.
3. Capacity By Location
To better understand the regional supply of Diisononyl Phthalate by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Diisononyl Phthalate by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types of Diisononyl Phthalate: PVC, Acrylics, Polyurethanes, Rubber, Polyethylene, and Others, and Others, and their demands. It will allow you to choose which Type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Floor & Wall Covering, Wire & Cables, Films & Sheets, Consumer Goods, and Others) are creating a market and the forecast for the growth of the Diisononyl Phthalate market.
8. Demand by Region
Analyzing the change in demand of Diisononyl Phthalate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Diisononyl Phthalate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Diisononyl Phthalate.
11. Company Share
Figure out what proportion of the market share of Diisononyl Phthalate is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Diisononyl Phthalate.
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What was the net market size of Diisononyl Phthalate in terms of volume in 2022?
Ans:
The global market size of Diisononyl Phthalate had reached approximately 1270 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Diisononyl Phthalate?
Ans:
Asia Pacific region is the largest consumer of Diisononyl Phthalate globally.
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