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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Diisononyl Phthalate (DINP) Market Outlook

The global diisononyl phthalate (DINP) market reached a value of about USD 3.36 billion in 2023. The industry is further expected to grow at a CAGR of about 3.7% in the forecast period of 2024-2032 to reach a value of around USD 4.66 billion by 2032.

The Asia Pacific to be a Significant Regional Market for Diisononyl Phthalate (DINP)

The Asia Pacific is projected to register a healthy growth in the global diisononyl phthalate industry during the forecast period. The regional market has been driven by the rising demand for DINP in developing economies, such as China and India. The growth of the diisononyl phthalate industry in the Asia Pacific has been further driven by the increased demand in the building and construction industry from countries like India, China, Vietnam, Thailand, and Indonesia.

Global Diisononyl Phthalate (DINP) Market

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Rising population and end-use industries have resulted in the development and invention of numerous DINP applications in the construction industry, aiding the market growth in the Asia Pacific, which an important and widespread industrial hub. The market in the region is predicted to grow rapidly due to high growth in innovations and industry consolidations. The growing demand for electronics, electrical wirings, automobiles, and textiles are also projected to catalyse the market growth in the region in the coming years.

Diisononyl Phthalate (DINP): Market Segmentation

Diisononyl phthalate (DINP) is a phthalate-based plasticiser consisting of isononyl esters of phthalic acid. Plasticisers are most used for improving the flexibility, durability, and stretchability of polymeric films while reducing melt flow simultaneously. These plasticisers have high compatibility with PVC and are used for numerous applications, such as floor and wall coverings and medical applications.

Global Diisononyl Phthalate (DINP) Market

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By product type, the market can be segmented into:

  • Acrylic
  • Polyurethane
  • Polyvinyl Chloride
  • Others

Based on application, the market is divided into:

  • Coated Fabrics
  • Consumer Goods
  • Films and Sheets 
  • Flooring and Wall Covering 
  • Wires and Cables 
  • Others

The regional markets for diisononyl phthalate (DINP) can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Demand for PVC Polymer Boosting the Market Growth of Diisononyl Phthalate (DINP)

Due to its flexibility, durability, toughness, weather resistance, temperature resistance, and processability, PVC polymer witnessed a healthy demand. Phthalate plasticisers, such as di(isononyl) phthalate (DINP), are commonly employed in medical applications due to their excellent compatibility with PVC and softening capacity, which results in large increases in PVC formulation flexibility. The market is being driven by the increased demand for flooring and wall covering in the building and construction industry. PVC is used a variety of applications, including flooring and wall coverings, wires and cables, films and sheets, coated fabrics, and consumer items. These plasticisers have also found usage in coated fabrics, which is widely used in protective clothing. PVC-based films and sheets are also used in various applications, such as automotive, stationery, packaging, waterproofing, tank lining, and consumer goods. The rising demand for transportation and protective clothing due to the rising presence of manufacturing companies in emerging economies is projected to fuel the demand for coated fabrics. DINP is also witnessing a robust demand from consumer electronics, consumer goods, medical devices, paints, adhesives, sealants, and lacquers segments. These factors are projected to support the growth of the market for diisononyl phthalate (DINP) in the coming years.

Global Diisononyl Phthalate (DINP) Market

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Key Industry Players in the Global Diisononyl Phthalate (DINP) Market

The report gives a detailed analysis of the following key players in the global diisononyl phthalate (DINP) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Exxon Mobil Corporation
  • BASF SE
  • Evonik Industries AG
  • KLG Group
  • Mitsubishi Chemical Holdings Corporation
  • LG Chem Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • Region
Breakup by Product Type
  • Acrylic
  • Polyurethane
  • Polyvinyl Chloride
  • Others
Breakup by Application
  • Coated Fabrics
  • Consumer Goods
  • Films and Sheets
  • Flooring and Wall Covering
  • Wires and Cables
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Exxon Mobil Corporation
  • BASF SE
  • Evonik Industries AG
  • KLG Group
  • Mitsubishi Chemical Holdings Corporation
  • LG Chem Ltd.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global diisononyl phthalate (DINP) market attained a value of nearly USD 3.36 billion.

The market is projected to grow at a CAGR of 3.7% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 4.66 billion by 2032.

The major market drivers include the rising demand for DINP in developing economies, the robust growth of the building and construction sectors, and the growing demand for electronics, electrical wirings, automobiles, and textiles.

The increasing use of PVC polymers and the growing demand for flooring and wall covering in the building and construction sector are the key trends propelling the market growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading product types in the market are acrylic, polyurethane, and polyvinyl chloride, among others.

The significant applications of diisononyl phthalate (DINP) are coated fabrics, consumer goods, films and sheets, flooring and wall covering, and wires and cables, among others.

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.

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+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124