Analysis of Diisononyl Phthalate (DINP) market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Size of the global diisononyl phthalate (DINP) market in 2022 stands at US$ 2.93 billion and is projected to reach US$ 4.61 billion by the end of 2032. This new research by Fact.MR suggests that the demand for diisononyl phthalate will exhibit a CAGR of 4.6% from 2022 to 2032.
Diisononyl Phthalate (DINP) Market Size (2022)
US$ 2.93 Billion
Estimated Market Valuation (2032F)
US$ 4.61 Billion
Global Market Growth Rate (2022-2032)
North America Diisononyl Phthalate (DINP) Market Share (2022)
Key Companies Profiled
Rising use of diisononyl phthalate in several non-PVC applications such as coatings, coating solvents, coating binders, paints, pigments, etc., is expected to supplement diisononyl phthalate sales over the coming years. Increasing demand for water- and fuel-resistant rubber is also anticipated to increase the consumption of diisononyl phthalate across the forecast period.
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Diisononyl phthalate is popularly used as a phthalate-based plasticizer, which is further used in plastics and PVC to add the characteristics of flexibility and durability. The economic nature of this plasticizer has increased its demand over the past few years. Non-phthalate plasticizers could see a rise in popularity as strict laws against the use of toxic chemicals are implemented across the world.
Expanding at a CAGR of 3.6% from 2017 to 2021, the global DINP market ended at a valuation of US$ 2.8 billion at the end of 2021.
Increasing use of plastics, rising demand for phthalate-based plasticizers, growing scope of application in several industry verticals, increasing demand for PVC products, and rising use in construction applications are significant factors that are expected to favor the sales of diisononyl phthalate in the years to come.
However, volatility in raw material pricing is expected to be a major factor restraining DINP market growth through 2032. Other factors such as increasing demand for eco-friendly plastic alternatives and stringent regulations governing the use of plastic are also expected to have a hampering effect on diisononyl phthalate market potential throughout the forecast period.
From 2022 to 2032, the global market for diisononyl phthalate is anticipated to expand at a CAGR of 4.6%.
“Rising Use of DINP-plasticized PVC in Construction Applications”
Rapid urbanization and industrialization across the world have fueled the demand for infrastructure development, and have subsequently driven the demand for construction products.
DINP-plasticized PVC demand is expected to be majorly driven by the construction sector as the use of flexible and durable PVC components increases in construction activities. Sales of PVC plasticizers are also expected to be driven by rising demand for PVC components.
Emerging economies such as India, China, and Brazil are anticipated to be key markets driving the consumption of DINP-plasticized PVC products. Rising construction activities are also anticipated to supplement the sales of superplasticizers.
“Attenborough Effect Negatively Impacting Diisononyl Phthalate Demand”
General awareness about environmental conservation and the negative impact of the use of plastics has substantially increased over the past few years. This has led to a substantial decrease in the usage of plastic products across the world as the youth and celebrities engage in campaigns to reduce plastic waste.
Reduction in the use of plastic will eventually lead to decreased demand for diisononyl phthalate, and hence, the Attenborough effect is expected to adversely impact market growth across the forecast period.
Other factors such as volatility in raw material pricing and stringent norms to ban plastic are also expected to reduce the sales of diisononyl phthalate over the coming years.
“Rising Construction Activities in Asia Pacific to Drive Demand for DINP”
The Asia Pacific regional market is anticipated to rise at a CAGR of 5.1% throughout the forecast period owing to rapid urbanization and industrialization in the region, which is fueling demand for infrastructure development.
Governments in emerging economies such as China and India are funding new projects, which are increasing construction activity and thereby driving demand for DIMP in the APAC region.
The low cost of production of DINP is also predicted to drive the growth of the diisononyl phthalate market in the APAC region. This region is expected to account for a revenue total of US$ 1.2 billion by the end of 2032 and hold a market share of 26.9% in the global landscape.
The markets for diisononyl phthalate in North America and Europe are expected to expand at CAGRs of 4.7% and 4.6%, respectively, across the forecast period.
Fact.MR, a market research and competitive intelligence provider, has further detailed the market scenario in all five major regions to cover the worldwide scope of market trends and opportunities.
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“Flourishing Automotive Industry to Provide New Opportunities in the U.S.”
The automotive industry in the United States is undergoing a paradigm shift and this is driving demand for new vehicles to be lighter as this improves fuel efficiency. Rising use of different plastics in automotive manufacturing is driving demand for several plasticizers in the country, which will also favor growth in the demand for DINP across the forecast period.
Increasing reconstruction activities in the United States are also projected to positively drive the sales of diisononyl phthalate over the coming years. Demand for diisononyl phthalate in the country is expected to rise at a CAGR of 4.7% over the forecast period and is anticipated to account for a revenue of US$ 1.28 billion by the end of 2032.
“Increasing Focus on Worker Safety to Propel Diisononyl Phthalate Market Growth”
China has flourishing manufacturing and industrial sectors that employ a large number of workers and this drives the demand for protective clothing in the country. The Chinese government has also been implementing strict laws for worker safety to ensure a safe working environment.
Coated fabrics are largely used to manufacture personal protective equipment such as gloves and protective clothing. Phthalate-based plasticizers are largely used in the manufacturing of coated fabric, and hence, subsequently uplift the demand for DINP in China.
The China diisononyl phthalate market is currently valued at US$ 759.4 million and is expected to account for a major market share of 43.2% in the APAC regional market.
“DINP-plasticized PVC Demand to be Driven by Construction Applications”
PVC products have been gaining popularity in various industries, and hence, their demand has substantially gone up in the past few years. DINP-plasticized PVC demand is especially witnessing an increase in construction applications due to their high durability and flexibility qualities that make them ideal for these applications.
The PVC segment is projected to rise at a CAGR of 5.2% through the forecast period and is anticipated to account for a sales revenue of US$ 1.79 billion by the end of 2032.
Acrylic, polyurethanes, and other polymer types have also been discussed in this diisononyl phthalate market research report.
“Floorings & Wall Coverings to Lead Market in Terms of Revenue”
The diisononyl phthalate industry survey, based on application, has segmented the market into floorings & wall coverings, wires & cables, films & sheets, coated fabrics, consumer goods, and other applications.
Of these, the floorings and wall coverings segment is anticipated to rise at a CAGR of 5.8% through 2032 and is expected to hold a major market revenue worth US$ 1.55 billion by the end of the forecast period.
Use of diisononyl phthalate in floorings and wall coverings has proven to increase their durability which is expected to increase their use in this segment over the years to come. Vinyl flooring plasticizers are expected to be highly popular in this application segment.
The DINP market witnessed a drop in demand in 2020 owing to the emergence of the COVID-19 pandemic. Shortage of raw materials and disrupted trade activity were a byproduct of lockdown restrictions that were imposed to contain the spread of coronavirus infections and these led to a drop in production of DINP.
Sales of diisononyl phthalate made a steady comeback as the restrictions have been lifted and the world is back to normal and the production of diisononyl phthalate has also been restored to pre-pandemic levels. Increasing demand from various industry verticals is expected to prominently drive diisononyl phthalate shipments over the forecast period.
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Top companies in the diisononyl phthalate (DINP) market are focusing on mergers and acquisitions to gain market share in the regional and local markets that are governed by local players. The fragmented nature of the diisononyl phthalate market is also expected to provide a level field of opportunity for major diisononyl phthalate suppliers as well as new entrants in the industry.
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Currently, the global diisononyl phthalate market accounts for a valuation of US$ 2.93 billion.
The global DINP market is anticipated to attain an estimated valuation of US$ 4.61 billion by 2032.
Consumption of diisononyl phthalate is projected to increase at a CAGR of 4.6% from 2022 to 2032.
The China DINP market accounts for a revenue of US$ 310.2 million in 2022 and is expected to rise at a CAGR of 5.7% across the forecast period.
The PVC segment is anticipated to account for a dominant market share of 38.8% and currently stands at US$ 1.08 billion valuation.
Key DINP suppliers are BASF SE, Evonik Industries AG, Exxon Mobil Corporation, Polynt SpA, Mitsubishi Chemical Corporation, UPC Technology Corporation, Nan Ya Plastics Corporation, Eastman Chemical Company, and LG Chem.
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