DUBLIN--(BUSINESS WIRE)--The "Diisononyl Phthalate (DINP) Market by Polymer type (PVC, Acrylics, Polyurethanes), Application (Flooring & Wall Covering, Wire & Cable, Film & Sheet, Coated Fabrics, Consumer Goods, and Others), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The DINP market size is estimated at USD 2.7 billion in 2019 and is projected to reach USD 3.2 billion by 2024
The growth of this market is attributed to the increasing investments in building & construction. There is increased demand for flooring & wall covering in the emerging countries of APAC such as China, India, Taiwan, and South Korea. However, stringent safety regulations related to the production of phthalate based plasticizers are restraining the growth of the DINP market. Growing demand for flexible PVC in emerging economies is, however, providing growth opportunities for DINP manufacturers.
Flooring & wall covering application is estimated to be the largest consumer of DINP
The flooring & wall covering segment is the largest application of DINP in 2019. The growing building & construction industry in the emerging countries of APAC, such as China, India, Taiwan, South Korea, Poland, Brazil, and Argentina is driving the demand for DINP in flooring & wall covering application. The other key applications of DINP are films & sheets, coated fabrics, consumer goods, medical devices, paints, adhesives, sealants, and lacquers.
DINP market is projected to witness the highest growth in film & sheet application during the forecast period
PVC-based films & sheets are used in various applications such as automotive, stationery, packaging, waterproofing, tank lining, and consumer goods. In automotive applications, PVC-based sheets are used for door rims, roof lining, sun visors, silencer components, and tool kits. The film & sheet application is growing at a high rate owing to its suitability in a wide range of industries such as automotive, construction, packaging, and consumer goods.
APAC is projected to be the largest DINP market during the forecast period
The APAC DINP market is projected to register the highest CAGR during the forecast period. This growth is mainly driven by high demand in the building & construction industry. Rising population and growing demand for flexible PVC have led to innovation and development of various applications of DINP in the construction industry, making APAC an important industrial hub, globally. High growth and innovation, along with industry consolidations, are expected to lead to the rapid growth of the market in APAC.
The report profiles several leading players of the DINP market such as BASF (Germany), ExxonMobil (US), Evonik Industries (Germany), UPC Group (Taiwan), KLJ Group (India), LG Chem (South Korea), Nan Ya Plastics (Taiwan), Aekyung Petrochemicals (South Korea), and Mitsubishi Chemical Holdings Corporation (Japan).
The report also includes detailed information about the various growth strategies adopted by these key players to strengthen their position in the DINP market.
- Increasing Demand for Flexible PVC in Emerging Economies
- Increasing Building & Construction Industry in Emerging Economies
- Stringent Regulations for the Use of Phthalate Based Plasticizers
- DINP Plasticizer is Replacing Dehp Due to Regulatory Issues With the Use of Dehp
- Deviation From Phthalate Plasticizers to Non-Phthalate Plasticizers
Porter's Five Forces Analysis
Diisononyl Phthalate Market, Raw Material Analysis (Phthalic Anhydride and Isononyl Alcohol)
Diisononyl Phthalate Market, Macroeconomic Indicators
- Building & Construction
- Electronics Industry
- Aekyung Petrochemicals
- Evonik Industries
- KLJ Group
- LG Chem
- Mitsubishi Chemical
- NAN Ya Plastics
- Shandong Qilu Plasticizers
- UPC Group
For more information about this report visit https://www.researchandmarkets.com/r/90j4fg