Oct 17, 2020   SOURCE: BusinessWire

Global Diisononyl phthalate (DINP) Market Growth, Trends, and Forecast 2020-2025 with BASF, Exxon Mobil, Polynt, LG Chem and Nan Ya Plastics Dominating - ResearchAndMarkets.com

The "Diisononyl phthalate (DINP) Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The market for diisononyl phthalate (DINP) is expected to grow at a CAGR of approximately 4% globally during the forecast period.

Di-isononyl (DINP) is a phthalate based plasticizer consist of isononyl esters of phthalic acid. Plasticizers are most commonly used for improving the flexibility, durability, and stretchability of polymeric films, reducing melt flow, at the same time. These plasticizers have high compatibility with PVC and are used for numerous applications such as floor and wall coverings, medical applications, etc. The increasing demand and usage of flexible PVC and PVC applications in the construction industry is expected to drive the market during the forecast period.

However, the health hazard as exposure to diisononyl phthalate can increase the risk of cancer and the outbreak of coronavirus across the globe are likely to hinder the growth of the studied market.

Asia Pacific region dominated the market across the globe with increasing consumption from countries like India and China.

Key Market Trends

PVC Polymer to Dominate the Market

  • PVC Polymer stands to be the dominating segment owing to its flexibility, durability, toughness, weather resistance, thermal resistance, and processability.
  • Phthalate plasticizers such as di(isononyl) phthalate (DINP) are normally used for medical applications, due to their high compatibility with PVC, as well as their softening ability with important increases in the flexibility of PVC formulations.
  • Due to their low price and good performance, no other plasticizer has been able to compete with phthalates on a larger scale. The most common PVC plasticizers are still different phthalate esters.
  • PVC is a versatile polymer, which used in building and construction. With the addition of correct additives, PVC tends to exhibit high impact strength, good weather ability, and high levels of light transmission.
  • All the aforementioned factors are expected to drive the diisononyl phthalate (DINP) market during the forecast period.copolymers.

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region stands to be the largest and fastest-growing market over the forecast period owing to high demand from the PVC and polyurethane applications in the building and construction industry.
  • PVC based flooring and wall coverings are one of the major applications of diisononyl phthalate. the increasing demand from the building and construction industry from countries like China, India, Indonesia, Vietnam, and Thailand is expected to contribute to the demand.
  • These plasticizers have also found usage in the coated fabrics which is widely used in protective clothing. Rising penetration in transportation and protective clothing applications due to the presence of numerous manufacturing companies is expected to drive the coated fabrics market in the region.
  • Countries like China, Japan, and South Korea have implemented strict regulations and measures ensure the safety of the workers. For instance, China has implemented Workplace Safety Law in 2014 which ensures employees with all necessary safety equipment, including goggles, hard hats, and protective or other clothing.
  • Hence, all such market trends are expected to drive the demand for diisononyl phthalate (DINP) market in the region during the forecast period.

Competitive Landscape

The global diisononyl phthalate (DINP) market is fragmented in nature with a few major players along with number of regional and local players in the market. Some of the major companies are BASF SE, Exxon Mobil Corporation., Polynt SpA, LG Chem and NAN YA PLASTICS CORPORATION amongst others.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Demand for Flexible PVC

4.1.2 Growing Building and Construction Industry

4.2 Restraints

4.2.1 Health Hazard Related to Diisononyl Phthalate

4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Polymer Type

5.1.1 Acrylic

5.1.2 Polyurethane

5.1.3 PVC

5.2 Application

5.2.1 Coated Fabrics

5.2.2 Consumer Goods

5.2.3 Films and Sheets

5.2.4 Flooring and Wall Covering

5.2.5 Wires and Cables

5.2.6 Other Applications

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 Azelis SA

6.4.2 BASF SE

6.4.3 Evonik Industries AG

6.4.4 Exxon Mobil Corporation

6.4.5 G M Chemie Pvt. Ltd

6.4.6 KLJ Group

6.4.7 LG Chem Ltd

6.4.8 Nan Ya Plastics Corporation

6.4.9 Polynt SpA

6.4.10 Shandong Qilu Plasticizers Co. Ltd

6.4.11 UPC Group

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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