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Diisononyl Phthalate (DINP) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 130 Pages
  • January 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 5025776

The Global Diisononyl Phthalate (DINP) Market is projected to register a CAGR of 4% during the forecast period (2021-2026).

Diisononyl (DINP) is a phthalate-based plasticizer consisting isononyl esters of phthalic acid. Plasticizers are most commonly used for improving the flexibility, durability, and stretchability of polymeric films, reducing melt flow at the same time.These plasticizers have high compatibility with PVC and are used for numerous applications, such as floor and wall coverings and medical applications. However, the outbreak of COVID-19 has affected end users majorly construction and as well as general economic activities. The implementation of lockdowns across various countries and disruptions in supply has affected market studied. Whereas the slump in economic activity has affected the development in infrastructure, the establishment of new industries, and expansions, which has a series impact on demand for Diisononyl Phthalate (DINP) market

Key Highlights

  • Over the short term, the increasing demand and usage of flexible PVC and PVC applications in the construction industry is expected to drive the market. PVC polymer type accounts for the largest share, of the total value of the Diisononyl Phthalate (DINP) market.
  • On the flip side, health hazards, related to exposure of Diisononyl Phthalate, and the impact due to the outbreak of COVID-19 across the world are likely to hinder the growth of the market studied.
  • Asia-Pacific dominated the market across the world, with increasing consumption from countries, like India and China.

Key Market Trends

PVC Polymer to Dominate the Market

  • PVC polymer stands to be the dominating segment, owing to its flexibility, durability, toughness, weather resistance, thermal resistance, and processability.
  • Phthalate plasticizers, such as di(isononyl) phthalate (DINP), are normally used for medical applications, due to their high compatibility with PVC, as well as their softening ability with important increases in the flexibility of PVC formulations.
  • Due to their low price and good performance, no other plasticizers have been able to compete with phthalates on a larger scale. The most common PVC plasticizers are still different phthalate esters.
  • PVC is a versatile polymer, which is used in building and construction. With the addition of correct additives, PVC tends to exhibit high impact strength, good weather ability, and high levels of light transmission. With the growing construction activity across the world, the use of PVC polymer types in different applications are expected to increase which in turn is expected to drive the market deamand for Diisononyl Phthalate (DINP)
  • For instance, United states has one of the world’s largest construction industry The country is known for its booming commercial activities.The commercial construction sector was expected to increase by 0.9% in 2020 and 1.5% in 2021, according to a survey conducted by American Institute of Architects.
  • Therefore, all the aforementioned growth depicting factors are expected to drive the diisononyl phthalate (DINP) market, during the forecast period despite of the temporary impact caused by the outbreak of COVID-19.

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific stands to be the largest and fastest-growing market over the forecast period owing, due to high demand from the PVC and polyurethane applications in the building and construction industry.
  • PVC-based flooring and wall coverings are few of the major applications of diisononyl phthalate. The increasing demand from the building and construction industry from countries, like China, India, Indonesia, Vietnam, and Thailand, is expected to contribute to the demand.
  • In Southeast Asia, Indonesia has started a program to build about one million housing units across Indonesia, and recently,in September 2020, Mitsubishi Corp. along with Temasek Holding is planning to build a smart city 25 km southwest of Jakarta. The smart city will include homes, shopping centers and medical facilities, with the goal of housing 40,000 to 60,000 permanent residents depicting a postive market outlook in the region
  • These plasticizers have also found usage in the coated fabrics, which is widely used in protective clothing. Rising penetration in transportation and protective clothing applications, due to the presence of numerous manufacturing companies, are expected to drive the coated fabrics market in the region.
  • Countries, like China, Japan, and South Korea, have implemented strict regulations and measures to ensure the safety of the workers. For instance, China has implemented Workplace Safety Law in 2014, which ensures employees with all necessary safety equipment, including goggles, hard hats, and protective or other clothing.
  • Hence, all such market trends are expected to drive the demand for diisononyl phthalate (DINP) market in the region, during the forecast period. However, the recent outbreak of COVID-19 is likely to hinder the market growth for short term, which is expected to recover during the forecast period

Competitive Landscape

The diisononyl phthalate (DINP) market is fragmented in nature, with a few major players, along with number of regional and local players in the market. Some of the major companies are BASF SE, Exxon Mobil Corporation, Polynt SpA, LG Chem Ltd, and Nan Ya Plastics Corporation, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
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Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Increasing Demand for Flexible PVC
4.1.2 Growing Building and Construction Industry
4.2 Restraints
4.2.1 Health Hazard Related to Diisononyl Phthalate
4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Polymer Type
5.1.1 Acrylic
5.1.2 Polyurethane
5.1.3 PVC
5.2 By Application
5.2.1 Coated Fabrics
5.2.2 Consumer Goods
5.2.3 Films and Sheets
5.2.4 Flooring and Wall Covering
5.2.5 Wires and Cables
5.2.6 Other Applications
5.3 By Geography
5.3.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.2 North America United States Canada Mexico
5.3.3 Europe Germany United Kingdom France Italy Rest of Europe
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Azelis SA
6.4.2 BASF SE
6.4.3 Evonik Industries AG
6.4.4 Exxon Mobil Corporation
6.4.5 G M Chemie Pvt. Ltd
6.4.6 KLJ Group
6.4.7 LG Chem Ltd
6.4.8 Nan Ya Plastics Corporation
6.4.9 Polynt SpA
6.4.10 Shandong Qilu Plasticizers Co. Ltd
6.4.11 UPC Group

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Azelis SA
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • G M Chemie Pvt. Ltd
  • KLJ Group
  • LG Chem Ltd
  • Nan Ya Plastics Corporation
  • Polynt SpA
  • Shandong Qilu Plasticizers Co. Ltd
  • UPC Group