Diisononyl Phthalate (DINP) Market Size, Share, Growth and Trends, Report 2024-2031

Global Diisononyl Phthalate (DINP) Market reached US$ 3.15 billion in 2023 and is expected to reach US$ 4.70 billion by 2031, growing with a CAGR of 5.3% during the forecast period 2024-2031.

DINP (Diisononyl Phthalate) is a key plasticizer used across various industries to enhance the flexibility and durability of products. In the consumer goods sector, DINP is crucial for manufacturing items such as toys, shoes, and consumer electronics, providing the necessary pliability and resilience that these products require. As disposable incomes rise and consumer preferences evolve, there is an increasing demand for innovative and high-quality products, making DINP an essential component for meeting these market expectations.

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Key Developments:

• On June 28, 2023, KLJ Group, a prominent player in the chemical and plasticizer sectors, inaugurated its new Plasticizers & Phthalic Anhydride Production Facility in the GIDC Jhagadia Industrial Estate, Bharuch, Gujarat. This facility, certified by BIS, represents a significant investment of Rs. 1,200 crore (approximately USD 145 million).

• On November 15, 2021, Evonik introduced a new line of plasticizer products based on isononanol (INA). These new products are designed to enhance the Group's global plasticizer business, particularly for flexible PVC applications such as roofing membranes, cables, and flooring. The production of these new items will be based at the Group's main site in Marl, Germany.

Market Dynamics:

Growing the Construction and Building Sector Due to Government Initiatives

Building and construction activities are experiencing significant growth in countries such as Singapore, China, and India due to economic reforms and rising personal wealth. Di-isononyl phthalate (DINP) plasticized PVC is extensively used in construction applications including flooring, wall coverings, roofing membranes, and electrical wire sheathing.

Singapore, as noted by the Australian Trade and Investment Commission, invests at least S$2 billion monthly in public infrastructure. The International Trade Administration (ITA) projects that China's construction sector will grow by an average of 5% per year in real terms from 2019 to 2023. Similarly, India has seen a surge in building and construction activities fueled by government initiatives such as Foreign Direct Investments (FDI). According to the Department for Promotion of Industry and Internal Trade (DPIIT), the Infrastructure Activities industry attracted US$ 14.81 billion in FDI, and the Construction Development sector received US$ 25.05 billion in FDI from April 2000 to March 2019.

These substantial investments and government-backed growth initiatives are expected to drive the demand for di-isononyl phthalate in the construction sector, reflecting the ongoing expansion and development in these regions.

Segment Covered in Diisononyl Phthalate (DINP) Market:

By Polymer: Acrylic, Polyurethane (PU), PVC, Rubber, Polyethylene (PE), Others.

By Application: Flooring & Wall Covering, Wires & Cables, Films & Sheets, Coated Fabrics, Consumer Goods, Adhesives & Sealants, Others.

By End-User: Electrical and Electronics, Plastic & Rubber, Building and Construction (Residential, Commercial, Industrial, Others), Textile and Footwear, Automotive (Passenger Vehicles, Commercial Vehicles, Others.

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Key players involved in Diisononyl Phthalate (DINP) Market:

• BASF SE
• Exxon Mobil Corporation
• Eastman Chemical Company
• UPC Group
• Perstorp Group
• LG Chem
• Evonik Industries AG
• NAN YA Plastics Corporation
• KLJ Group
• Mitsubishi Chemical Corporation

*Note:

• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis:

The Diisononyl Phthalate (DINP) Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Diisononyl Phthalate (DINP) Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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