Global Diisononyl Phthalate Market to Grow at a CAGR of about 3.7% in the Forecast Period of 2024-2032, Aided by the Increasing Demand of PVC Polymer

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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Market Analysis by Product Type, Application, and Regions:

• Based on product type, the market is categorised into acrylic, polyurethane, and polyvinyl chloride, among others.

• Based on the application, the market can be segmented into coated fabrics, consumer goods, films and sheets, flooring and wall coverings, wires, and cables, among others.

• The regional markets for diisononyl phthalate include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The consumer electronics retail sector is expected to fuel the market's growth.

• Rising penetration in transportation and protective clothing applications further leads the market growth.

• The growing demand for flooring and wall covering is expected to increase DINP demand.

• Rising population and growing end-use industries have led to innovation and development of various applications of DINP to further increase its growth.

Key Offerings of the report:

• The EMR report gives an overview of the global diisononyl phthalate market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for product type, application, and major regions of diisononyl phthalate.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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