The new report by Expert Market Research titled, ‘Global Diisononyl Phthalate (DINP) Market Trends, Report and Forecast 2022-2027’, gives an in-depth analysis of the global diisononyl phthalate (DINP) market, assessing the market based on its segments like product types, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): Approximately USD 3.01 Billion
• Forecast CAGR (2022-2027): 3.7%
The market is being aided by the growing demand for DINP in various end-use sectors like construction and building. The rising population levels are also surging the demand for DINP in developing countries such as India, Brazil, and China, among others, hence driving the market.
With the increasing innovations in major industries, the market for DINP is witnessing robust growth. Moreover, the surging demand for automobiles, consumer electronics, electrical wirings, and textiles, among others, is expected to provide impetus to the growth of the market in the forecast period.
Industry Definition and Major Segments
Diisononyl phthalate (DINP) is an oily colourless liquid that is typically used as a plasticiser. It is denser than water and has a slight ester odour. It is commonly used in the manufacturing of plastics. Moreover, diisononyl phthalate (DINP) also finds applications in various end-use sectors such as automotive, electronics, and consumer goods, among others.
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The market, based on product type, is divided into:
• Polyvinyl Chloride
By application, the market is categorised into:
• Coated Fabrics
• Consumer Goods
• Films and Sheets
• Flooring and Wall Covering
• Wires and Cables
The regional markets of diisononyl phthalate (DINP) are:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Various favourable properties of PVC polymers like durability, flexibility, toughness, temperature resistance, weather resistance, and processibility are leading to a surge in their demands and augmenting the market growth. As phthalate plasticisers like DINP have enhanced compatibility with PVC, it is increasingly utilised in medical applications, which is propelling the growth of the market.
The market growth can also be attributed to the rising demand for PVC polymers in diverse applications like wires and cables, flooring and wall coverings, coated fabrics, films and sheets, and consumer items, among others. With the robust growth of transportation, automotive, and consumer goods sectors, the market for DINP is anticipated to witness a healthy growth in the coming years.
Key Market Players
The major players in the market are Exxon Mobil Corporation, BASF SE, Evonik Industries AG, KLG Group, Mitsubishi Chemical Holdings Corporation, and LG Chem Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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