Study Period | 2019-2032 |
Base Year | 2023 |
Forcast Year | 2023-2032 |
CAGR | 6.55 |
The Diisononyl Phthalate (DINP) Market size is estimated to grow at a CAGR of 5.2% between 2022 and 2032. The market size is forecast to increase by USD 1,567.89 million. The growth of the market depends on several factors, including the increasing demand for plasticizers in various industries, the rising need for flexible PVC products, and the growing construction and automotive sectors. Diisononyl Phthalate (DINP) is a type of plasticizer that is widely used to improve the flexibility, durability, and performance of polyvinyl chloride (PVC) products. It enhances the properties of PVC by reducing its brittleness and increasing its resistance to impact, heat, and chemicals. DINP is commonly used in the production of wires and cables, flooring materials, automotive parts, toys, and medical devices.
Diisononyl Phthalate (DINP) Market Overview
Drivers
One of the key factors driving the DINP market growth is the increasing demand for plasticizers in various industries. Plasticizers are additives that are used to enhance the flexibility, workability, and durability of polymers. They are widely used in industries such as construction, automotive, packaging, and electronics. DINP is one of the most commonly used plasticizers due to its excellent performance characteristics and cost-effectiveness. The growing demand for flexible PVC products in these industries is expected to drive the market growth during the forecast period.
Moreover, the construction and automotive sectors are witnessing significant growth, which is further fueling the demand for DINP. In the construction industry, DINP is used in the production of flooring materials, wall coverings, and cables. In the automotive industry, it is used in the manufacturing of interior trims, dashboards, and door panels. The increasing construction activities and the rising demand for automobiles are expected to drive the market growth during the forecast period.
Trends
A key trend shaping the DINP market growth is the increasing focus on sustainable and eco-friendly plasticizers. With the growing concerns about the environmental impact of traditional phthalate-based plasticizers, there is a rising demand for alternative plasticizers that are more sustainable and have a lower environmental footprint. As a result, manufacturers are developing bio-based and non-phthalate plasticizers as alternatives to DINP. These eco-friendly plasticizers offer similar performance characteristics to DINP while being more environmentally friendly. The increasing adoption of these sustainable plasticizers is expected to drive the market growth during the forecast period.
Restraints:
One of the key challenges hindering the DINP market growth is the stringent regulations and restrictions on the use of phthalate-based plasticizers. Phthalates, including DINP, have been subject to regulatory scrutiny due to their potential health and environmental risks. Several countries have imposed restrictions on the use of phthalate-based plasticizers in certain applications, such as toys and medical devices. These regulations and restrictions pose a challenge for the market as they limit the use of DINP in certain industries and applications. Manufacturers are required to comply with these regulations and develop alternative plasticizers to meet the changing market demands.
Furthermore, the volatility in raw material prices is another factor that hinders the market growth. The prices of raw materials used in the production of DINP, such as isononanol and phthalic anhydride, are subject to fluctuations due to various factors, including supply-demand dynamics and geopolitical events. These price fluctuations can impact the profitability of manufacturers and increase the production costs, thereby posing a challenge for the market.
Diisononyl Phthalate (DINP) Market Segmentation By Application
The wires and cables segment is estimated to witness significant growth during the forecast period. DINP is widely used as a plasticizer in the production of wires and cables to improve their flexibility, durability, and resistance to heat and chemicals. It enhances the performance of wires and cables by reducing their brittleness and increasing their resistance to impact and abrasion. The increasing demand for wires and cables in various industries, including construction, automotive, and electronics, is expected to drive the market growth in this segment.
The construction segment is another significant application of DINP. It is used in the production of flooring materials, wall coverings, and other construction products to enhance their flexibility and durability. The growing construction activities, especially in emerging economies, are expected to drive the market growth in this segment.
Diisononyl Phthalate (DINP) Market Segmentation By Type
The general grade DINP segment is estimated to witness significant growth during the forecast period. General grade DINP is the most commonly used type of DINP due to its excellent performance characteristics and cost-effectiveness. It is widely used in various industries, including construction, automotive, packaging, and electronics. The increasing demand for flexible PVC products in these industries is expected to drive the market growth in this segment.
Asia Pacific (APAC) is estimated to contribute 55% to the growth of the global market during the forecast period. The main factor contributing to the growth of the DINP market in APAC is the rapid industrialization and urbanization in countries such as China and India. These countries are witnessing significant growth in industries such as construction, automotive, and electronics, which are the major consumers of DINP. The increasing construction activities, rising demand for automobiles, and growing consumer electronics market are expected to drive the market growth in the region.
In 2020, during the COVID-19 pandemic, the DINP market witnessed a significant slowdown due to the temporary closure of manufacturing facilities and disruptions in the supply chain. However, in 2021, with the gradual lifting of lockdowns and the resumption of economic activities, the market started to recover. The increasing vaccination rates and the easing of travel restrictions are expected to further drive the market during the forecast period.
Diisononyl Phthalate (DINP) Market Customer Landscape
The DINP market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Diisononyl Phthalate (DINP) Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Some of the major companies operating in the DINP market include:
The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies.
Segment Overview
The DINP market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
TABLE OF CONTENTS: GLOBAL Diisononyl Phthalate (DINP) MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Diisononyl Phthalate (DINP) MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Diisononyl Phthalate (DINP) Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Diisononyl Phthalate (DINP) MARKET BY polymer type SIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2 Acrylic
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3 Polyurethane
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.4 PVC
5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Diisononyl Phthalate (DINP) MARKET BY Application INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2 Coated Fabrics
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3 Consumer Goods
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4 Films and Sheets
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.5 Flooring and Wall Covering
6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.6 Wires and Cables
6.6.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.6.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Diisononyl Phthalate (DINP) MARKET REGIONAL OUTLOOK
7.1. Diisononyl Phthalate (DINP) Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.3. Europe Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K. Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Diisononyl Phthalate (DINP) Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Diisononyl Phthalate (DINP) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Diisononyl Phthalate (DINP) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1 BASF SE
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 Exxon Mobil Corporation
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3 Polynt SpA
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4 LG Chem Ltd
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Nan Ya Plastics Corporation
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6 Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7 Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8 Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10 Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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