Market Size of Diisononyl Phthalate (DINP) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Diisononyl Phthalate (DINP) Market Analysis
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
- 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.
