Global Diisononyl Phthalate (DINP) Market Size By Polymer Type (Acrylic, PVC, Polyurethane), By Application (Wires and Cables, Coating, Flooring), By Geographic Scope And Forecast

Diisononyl Phthalate (DINP) Market Size And Forecast

Diisononyl Phthalate (DINP) Market size was valued at USD 2.5 Billion in 2022 and is projected to reach USD 5 Billion by 2030, growing at a CAGR of 4.3% from 2023 to 2030.

Diisononyl phthalate (DINP) is a phthalate plasticizer. Plasticizers increase the inflexibility of polymeric substances. DINP is widely used in different industries like automobiles, manufacturing Electrical wiring, etc. The Global Diisononyl Phthalate (DINP) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Diisononyl Phthalate (DINP) Market Definition

Diisononyl phthalate is a plasticizer used under the name DINP. DINP is mainly added to chemical composites that contain fluorinated esters of phthaloyl acid, and are widely used for a wide variety of plastic products. Its main usage is that of a plasticizer. The rise in usage for textiles, automobiles, and commercial and residential wiring is driving the market for diisononyl phthalate globally. Plasticizers made from phthalate are used in the production of teethers for infants. Phthalate posits the fatal of food poisoning during its absorption. This cause can inhibit its market growth amongst baby products.

In the automobile sector, plasticized polyvinyl chloride along with diisononyl phthalate is used in body coatings and also as sealants. An average number of cars is said to have roughly around 15000 plastic components which constitute around PVC of 15% constitution. As a result, the total weight of the vehicle gets reduced which in turn results in it is less frictional wear on the road surface. Also, carbon emissions and fuel consumption are used when diisononyl phthalate is used in automobile manufacturing.

Global Diisononyl Phthalate (DINP) Market Overview

The service life of an automobile is said to get doubled by the use of PVC (soft) that is employed for body coating for protection. Also, the need for repair for such body-coated automobiles is reduced. Automobile manufacturers tend to spray plastisol which is a liquid coating made out of diisononyl phthalate. This layer of plastisol is sprayed under the metal body of the automobile, where a thin but resistant film gets formed on the surface. Thus, all the above-listed factors are increasing the market growth for diisononyl phthalate in the automobile industry.

Because of the higher durability offered by PVC, it can have a prolonged service life of up to 30 years. Diisononyl Phthalate can endure and resist degradation caused by UV light. They can also endure extreme temperature variation. These properties of diisononyl phthalate are driving its growing market in the forecast period. But the unstable cost of the raw materials as well as the threat of bio-sustainable new entrants is restraining the market growth of DINP.

Global Diisononyl Phthalate (DINP) MarketSegmentation Analysis

The Global Diisononyl Phthalate (DINP) Market is segmented on the basis of Polymer Type, Application, and Geography.

Diisononyl Phthalate (DINP) Market, By Polymer Type

• Acrylic
• PVC
• Polyurethane

Based on Polymer Type, the market is segmented into Acrylic, PVC, and Polyurethane. The PVC polymer dominates the market owing to its properties like high strength, durability, resistance, temperature sustenance, etc. Also, it has a lower price and higher performance compared to other polymers in the same segment.

Diisononyl Phthalate (DINP) Market, By Application

• Wires and Cables
• Coating
• Flooring

Based on Application, the market is segmented into Wires and Cables, Coating, and Flooring. Diisononyl Phthalate is extensively used in Wires and Cables for commercial and residential purposes due to its effectiveness and capability to endure high-temperature variation as also its durability and its long service life.

Diisononyl Phthalate (DINP) Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Regional Analysis, the Global Diisononyl Phthalate (DINP) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Out of all the regions Asia Pacific dominates the Global Diisononyl Phthalate (DINP) Market. Asia-Pacific region largely uses PVC and Polyurethane in the construction industry.

Key Players

The “Global Diisononyl Phthalate (DINP) Market” study report will provide valuable insights with an emphasis on the global market scenario. The major companies operating in the market are BASF SE, Evonik Industries, Exxon Mobil Corporation, Mitsubishi Chemical Corporation, Eastman Chemical Company, KLJ Group, UPC Technology Corporation, Na Ya Plastics Corporation, Polynt SpA, LG Chem Ltd.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Diisononyl Phthalate (DINP) Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the Global Diisononyl Phthalate (DINP) Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
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