Diisononyl Phthalate (DINP) Market Price, Scope, Analysis,
At the first, The new report by Expert Market Research titled, ‘Global Diisononyl Phthalate (DINP) Market Size, 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. Additionally, It also assesses the market dynamics, covering the key demand and price indicators and analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include the following:
Market Overview (2017-2027)
• Historical Market Size (2021): Approximately USD 3.01 Billion
• Forecast CAGR (2022-2027): 3.7%
The market is 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, driving the market.
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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 development of the market in the forecast period.
Industry Definition and Major Segments
Diisononyl phthalate (DINP) is an oily, colorless liquid typically used as a plasticizer. It is denser than water and has a slight ester odor. Surprisingly, 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.
The market, based on product type, is divided into:
- • Acrylic
- • Polyurethane
- • Polyvinyl Chloride
- • Others
By application, the market is categorized into:
- Coated Fabrics
- Consumer Goods
- Films and Sheets
- Flooring and Wall Covering
- Wires and Cables
- Others
The regional markets of diisononyl phthalate (DINP) are:
- North America
- Europe
- the Asia Pacific
- Latin America
- the Middle East and Africa
Market Trends
Various favorable properties of PVC polymers, like durability, flexibility, toughness, temperature resistance, weather resistance, and processability, are leading to a surge in their demands and augmenting the market growth. In addition, As phthalate plasticizers like DINP have enhanced compatibility with PVC, it is increasingly utilized in medical applications, propelling the market’s development.
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. Moreover, With the robust growth of the transportation, automotive, and consumer goods sectors, the market for DINP is anticipated to witness healthy growth in the coming years.
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Key Market Players
Firstly, 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. In addition, 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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Expert Market Research (EMR) is a leading market research Company with clients across the globe. Additionally, Through comprehensive data collection and expert analysis and interpretation of data, the Company offers its clients extensive, latest, and actionable market intelligence, which enables them to make informed and intelligent decisions and strengthen their position in the market. Moreover, The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.
EMR customizes syndicated reports according to clients’ requirements and expectations. Additionally, The Company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence. Additionally, they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.
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