Diisononyl Phthalate (DINP) Market worth $3.2 billion by 2024 | Key players BASF (Germany), ExxonMobil (US), Evonik Industries (Germany), UPC Group (Taiwan), KLJ Group (India), LG Chem (South Korea).

According to recent market research the "Diisononyl Phthalate (DINP) Market by Polymer type (PVC, Acrylics, Polyurethanes), Application (Flooring & wall covering, wire & cable, film & sheet, coated fabrics, consumer goods, and others), and Region - Global Forecast to 2024" The DINP market is projected to grow from USD 2.7 billion in 2019 to USD 3.2 billion by 2024, at a CAGR of 4.0%. There is an increase in the demand for flexible PVC for various applications such as flooring & wall covering, wires & cables, films & sheets, coated fabrics, and consumer goods. Flexible PVC is used in various applications in the building & construction industry. PVC has high demand due to its properties, such as flexibility, durability, toughness, weather-resistant, thermal resistant, and processability. Stringent safety regulations related to the production of phthalate-based plasticizers are restraining the growth of the DINP market.

Browse 102 market data Tables and 41 Figures spread through 126 Pages and in-depth TOC on "Diisononyl Phthalate (DINP) Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/diisononyl-phthalate-dinp-market-45767063.html

Flooring & wall covering is the largest application of DINP. The market in this application is growing due to the growing building & construction industry in countries of APAC such as India, China, Taiwan, and South Korea. There is huge investment in infrastructural projects in APAC, which is increasing the demand for flooring & wall covering. DINP provide thermal stability, flexibility, durability, and weather-resistant properties.

DINP is the most used plasticizer in PVC. It imparts various properties to PVC such as flexibility, stability, durability, thermal resistance, weather resistance, and high performance. Flexible PVC is easier to process than rigid PVC as the former has versatile performance properties. PVC finds applications in various industries such as building & construction, automotive, electronics, medical, and consumer goods. High growth in the commercial building & construction industry and the emergence of high-end real estate are expected to drive the demand for PVC in the construction industry.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45767063

APAC is estimated to be the largest DINP market owing to the high consumption in flooring & wall covering applications. Growing population, increasing disposable incomes, urbanization, and changing lifestyles are driving the DINP market. China, India, Japan, Taiwan, and South Korea are some of the key DINP markets in the region. Recent infrastructure developments and industrialization activities in the emerging countries have opened up new avenues and opportunities for DINP manufacturers.

The key players in the DINP market include BASF (Germany), ExxonMobil (US), Evonik Industries (Germany), UPC Group (Taiwan), KLJ Group (India), LG Chem (South Korea), Nan Ya Plastics (Taiwan), Aekyung Petrochemicals (South Korea), and Mitsubishi Chemical Holdings Corporation (Japan). These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, partnership, and acquisition.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=45767063

BASF (Germany) is one of the key players in the DINP market. The company has adopted the strategy of expansion to strengthen its competitiveness in the global DINP market. For instance, in July 2019, BASF increased the production capacity of Isononanoic acid (INA) and 2-Ethylhexanoic Acid (2-EHA), raw materials for production of DINP, from 55,000 MT to 68,000 MT per year at Ludwigshafen, Germany and Kuantan, Malaysia. The expansion of these facilities helps the company to meet the global demand for high-quality chemical intermediates.

Evonik Industries (Germany) is one of the leading manufacturers of DINP. The company adopted investment as one of its key business strategies. In October 2009, the company invested in the production of high molecular weight plasticizer alcohol and 2-propyl heptanol (2-PH). The company produces 340,000 MT of C9 plasticizer alcohol isononanol (INA) at the Marl plant in Germany. This investment to produce plasticizers has made the company the largest producer of C9/C10 alcohols in Europe. In 2018, the annual production capacity for DINP of the company was 220,000 metric tons per annum, and the company was ranked 3rd in the production of DINP. The company has a strong backward integration, producing Isononyl alcohol used in the manufacturing of DINP. Owing to the above-mentioned strategies, the company is one of the leading players in the DINP market.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/diisononyl-phthalate-dinp.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/diisononyl-phthalate-dinp-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.