USD 3.0 billion
Diisononyl Phthalate Market Size, Share, Growth Analysis, By Polymer Type (PVC, Acrylics), By Application, By End Use Industry, By Distribution Channel, By Manufacturing Process, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2480 |
Region:
Global |
Published Date: November, 2024
Pages:
180
|Tables:
72
|Figures:
75
Diisononyl Phthalate Market Insights
Global Diisononyl Phthalate Market size was valued at USD 3.0 billion in 2022 and is poised to grow from USD 3.13 billion in 2023 to USD 4.35 billion by 2031, growing at a CAGR of 4.2% during the forecast period (2024-2031).
Diisononyl phthalate (DINP) is a sort of plasticizer typically used in the manufacturing of numerous plastic and polymer merchandise. Plasticizers are components that decorate the power, sturdiness, and workability of plastics. The global DINP market has skilled consistent increase in latest years, pushed by way of the increasing call for for plastic merchandise across various industries together with creation, car, and client items. The construction enterprise is a giant client of DINP, where it is used within the production of PVC-primarily based merchandise like pipes, cables, and floors substances. Automotive applications, along with the manufacturing of car interiors, wiring, and cables, additionally make a contribution to the demand for DINP. Consumer items, consisting of toys, packaging substances, and scientific devices, similarly power market growth.
Additionally, regulatory issues and environmental worries have stimulated the market dynamics. Stringent policies regarding using sure phthalates, along with DINP, in customer products have led to adjustments in formulations and accelerated call for opportunity plasticizers in a few regions.
Environmental and regulatory issues play a pivotal function in shaping the marketplace panorama. DINP has been a topic of scrutiny due to potential health and environmental worries, main to regulatory interventions in certain regions. This has induced manufacturers to discover opportunity plasticizers and more sustainable formulations to fulfill evolving compliance standards.
The Asia-Pacific location emerges as a key driver for the DINP marketplace, with rapid industrialization, urbanization, and infrastructure improvement. The creation and automotive industries in this area fuel the demand for PVC-based products, consequently boosting the intake of DINP. However, the market faces demanding situations related to the volatility of raw fabric costs and the continuing shift toward green and bio-primarily based plasticizers.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Construction
Fastest Growth
Automotive
Growth Rate
4.2% CAGR
Global Diisononyl Phthalate Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Diisononyl Phthalate Market Segmental Analysis
Global Diisononyl Phthalate Market is segmented by polymer type, application, end use industry, distribution channel, manufacturing process and region. Based on polymer type, the market is segmented into PVC (flexible PVC, rigid PVC), acrylics (general purpose acrylics, specialty acrylics), polyurethanes (flexible polyurethanes, rigid polyurethanes) and others. Based on application, the market is segmented into wire & cable (insulation, jacketing), flooring & wall covering (vinyl flooring, wallpapers, synthetic leather), consumer goods (toys, footwear, gloves), films & sheets (packaging films, decorative films), coated fabrics (upholstery, industrial fabrics) and others. Based on end use industry, the market is segmented into automotive (interior components, exterior components), construction (pipes & fittings, window profiles), packaging (food packaging, non-food packaging), electronics (insulation materials, electronic components), medical (medical devices, medical packaging), leisure & sports (sports equipment, leisure products). Based on distribution channel, the market is segmented into direct sales, distributors and online retail. Based on manufacturing process, the market is segmented into chemical esterification and oxidation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Application
The construction enterprise has historically been a first-rate purchaser of DINP, specially in programs like wire and cable insulation, floors, and wall coverings. The call for for PVC-primarily based products in construction, which include pipes, cables, and vinyl floors, has been full-size. The increase of infrastructure tasks, urbanization, and housing improvement frequently contributes to the dominance of DINP in the creation zone.
The scientific gadgets segment could be a fast-growing application due to the increasing use of PVC-based substances inside the healthcare industry. DINP is applied in medical devices like tubing, blood bags, and IV units. The demand for bendy and sturdy materials in scientific programs can also pressure the increase of DINP on this region. Additionally, stringent nice and regulatory standards inside the clinical discipline may also prefer the usage of DINP in specific programs.
Analysis by End-User Segment
The construction industry is in all likelihood to continue dominating the DINP market. DINP is extensively used in the production of PVC-based products, consisting of pipes, cables, and floors materials. The boom of infrastructure initiatives, urbanization, and the development of residential and industrial homes globally contributes to the consistent demand for DINP in this sector.
The automobile industry may be a quick-growing cease-user section for DINP. The plasticization of car components, which includes interior parts, wiring, and cables, is a giant application of DINP. As the car zone embraces innovations in substances and designs, the call for DINP in this industry may additionally experience boom. Moreover, the increasing manufacturing of electric vehicles, wherein PVC substances are utilized in numerous components, ought to contribute to the higher call for DINP..
Global Diisononyl Phthalate Market By End Use
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Diisononyl Phthalate Market Regional Insights
Asia-Pacific has traditionally been a dominant vicinity inside the DINP marketplace, and this trend can also keep. Countries together with China, India, and Japan are major contributors to both production and intake of DINP. The region's robust industrial boom, expanding production and car sectors, and growing purchaser items manufacturing have fuelled the demand for DINP. The vicinity has seen multiplied focus of environmental concerns, leading to shifts in guidelines and choices closer to more sustainable options. This may want to impact the call for plasticizers like DINP and impact marketplace dynamics.
The Middle East and Africa place could be a fast-developing marketplace for DINP. The construction and infrastructure improvement in some Middle Eastern countries, coupled with the increasing automobile and patron goods sectors, may also pressure have expanded demand for DINP. Moreover, the vicinity's developing population and urbanization tendencies should make a contribution to better consumption of PVC-based products, in which DINP is usually used. The region is probably to keep being a main customer and producer due to the giant presence of industries like construction, car, and electronics.
Global Diisononyl Phthalate Market By Region
- Largest
- Fastest
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Diisononyl Phthalate Market Dynamics
Drivers
Increasing Demand for Precision Machining and Cutting Tools
- The strong demand stemming from the construction industry, where DINP finds significant use in the production of PVC-based substances, consisting of pipes, cables, and floors. The continuous enlargement of infrastructure tasks and urbanization across regions, specially in Asia-Pacific, has been a primary motive force, bolstering the call for for DINP.
Increasing Function of Automobile Segment
- The automobile area plays a crucial function, with DINP serving as a critical plasticizer for various car components inclusive of interior parts, wiring, and cables.
Restraints
High Regulatory Scrutiny and Environmental Concerns Associated with Phthalates
- One of the primary market restraints is the increasing regulatory scrutiny and environmental issues associated with phthalates. Stringent policies and regulations on the use of positive phthalates, consisting of DINP, in consumer merchandise were implemented globally, compelling manufacturers to are searching for alternative plasticizers.
Developing Cognizance of Potential Health Dangers
- The developing cognizance of potential health dangers related to phthalates has caused a shift in customer possibilities closer to merchandise labelled as phthalate-free.
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Diisononyl Phthalate Market Competitive Landscape
The aggressive surroundings of the Diisononyl Phthalate market is dynamic and characterised by the presence of key industry gamers, local and regional producers, and ongoing strategic projects. The established players frequently attention on research and improvement activities to decorate the overall performance characteristics in their DINP merchandise and ensure compliance with evolving regulatory standards. Collaborations, mergers, and acquisitions are common techniques hired by means of these agencies to reinforce their market positions and enlarge their product portfolios.
Top Player’s Company Profiles
- BASF SE
- ExxonMobil Corporation
- Eastman Chemical Company
- Evonik Industries AG
- Aekyung Petrochemical Co., Ltd.
- LG Chem Ltd.
- PolyOne Corporation
- Mitsubishi Chemical Corporation
- KLJ Group
- DAIHACHI CHEMICAL INDUSTRY Co., Ltd.
- UPC Group
- Bluesail Chemical Group
- HongXin Company
- Henan Qingan Chemical Hi-tech Co., Ltd.
- GREAT CHEMICAL SCIENCE & TECHNOLOGY Co., Ltd.
- Nan Ya Plastics Corporation
Recent Developments
- July 2023: The Environmental Protection Agency (EPA) has determined to include diisononyl phthalate (DINP) as a new category some of the listing of poisonous chemical substances situation to reporting responsibilities beneath each the Emergency Planning and Community Right-to-Know Act (EPCRA) and the Pollution Prevention Act (PPA).
- July 2023: The addition of Diisononyl Phthalates (DINP) to the Toxic Release Inventory (TRI) program is a recent development through the US Environmental Protection Agency (EPA). TRI is a application mounted below the Emergency Planning and Community Right-To-Know Act of 1986 (EPCRA or SARA Title III), and it serves as one of the awesome projects administered with the aid of the EPA.
- September 2023: ACC's High Phthalates Panel has expressed strong disagreement with the Environmental Protection Agency (EPA) for adding di-isononyl phthalate (DINP) to the Toxics Release Inventory (TRI) reporting requirements under the Emergency Planning and Community Right-to-Know Act (EPCRA) Section 313. The Panel contends that the EPA has not met the legal standard and overlooked new scientific considerations required for DINP's inclusion in the TRI. Detailed scientific comments provided by the Panel outline why DINP should not be listed on the TRI, emphasizing that the initial proposed rule from 2000 to include DINP should have been withdrawn.
Diisononyl Phthalate Key Market Trends
- Rising Emphasis on Sustainable and Eco-Friendly Solutions: The increasing emphasis on sustainable and eco-friendly solutions inside the chemical enterprise. As environmental issues benefit prominence, there's a developing exploration of bio-based totally plasticizers as options to conventional phthalates like DINP. This fashion aligns with the broader industry shift in the direction of greener practices and regulatory compliance. Another great fashion is the continuing studies and improvement efforts aimed at improving the overall performance characteristics of DINP.
Diisononyl Phthalate Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Diisononyl Phthalate market analysis famous a dynamic marketplace with several standout traits and problems. The marketplace is propelled by robust call for from the development and car sectors due to its use in PVC-based merchandise. However, stringent regulatory scrutiny, environmental issues, and the shift closer to bio-based options pose restraints. DINP's versatile application throughout patron items, electric components, and medical devices complements its marketplace presence. Asia-Pacific dominates, led with the aid of China and India, attributed to fast industrialization. Key traits consist of a focal point on sustainable practices, ongoing R&D for product enhancement, and strategic collaborations amongst essential industry players for marketplace expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.0 billion |
| Market size value in 2031 | USD 4.35 billion |
| Growth Rate | 4.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Diisononyl Phthalate Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Diisononyl Phthalate Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Diisononyl Phthalate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Diisononyl Phthalate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Diisononyl Phthalate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Diisononyl Phthalate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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