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The growth of the diisononyl phthalate market is mainly driven by the high demand in the building and construction industry. Due to the rising population and growing end-use industries, the construction sector has benefitted from the innovation and development of numerous DINP applications. The market is predicted to increase rapidly due to high growth, innovation, and industry consolidation. Plasticised di-isononyl phthalate (DINP) PVC is widely utilised in building and construction applications, including cable sheathing, roofing membranes, flooring, and wall coverings, and more. In addition, the global demand for bottled water, soft drinks, and other premium beverages has risen dramatically in the previous decade, resulting in a huge increase in PVC demand. As a result, the diisononyl phthalate (DINP) market is expected to expand significantly throughout the forecast period. However, growing demand for flexible PVC in emerging economies provides growth opportunities for DINP manufacturers. Increased development and construction activities globally are being fuelled by government initiatives, which will drive the diisononyl phthalate (DINP) market throughout the forecast period.
Technology launches, acquisitions, and research and development activities are key strategies adopted by players in the di-isononyl phthalate (DINP) market. For example, in July 2019, BASF (ETR: BAS) increased the production capacity of Isononanoic Acid (INA) and 2-Ethylhexanoic Acid (2-EHA), raw materials to produce DINP, from 55,000 MT to 68,000 MT per year in Germany and Malaysia. The company's expansion of these facilities will help it meet global demand for high-quality chemical intermediates.
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The major players in the global diisononyl phthalate industry are Exxon Mobil Corporation, BASF SE, Evonik Industries AG, KLG Group, Mitsubishi Chemical Holdings Corporation, and LG Chem Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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