Di-Isononyl Phthalate (DINP) Market - Forecast(2021 - 2026)

 

Di-Isononyl Phthalate (DINP) Market Overview

Di-isononyl phthalate (DINP) Market is forecast to reach $2.8 billion by 2025, after growing at a CAGR of 3.56% during 2020-2025. Di-isononyl phthalate (DINP) is often used to soften or plasticize polyvinyl chloride (PVC). DINP is a general-purpose plasticizer used in a variety of vinyl products requiring flexibility, durability, and particular functionality. While DINP’s primary function is as a softener, it is also used in sealants, paints, nitrocellulose lacquer coatings, and lubricants. The consumption of bottled water, soft drinks, and other premium beverages has increased massively worldwide during the last decade owing to which the demand for PVC is also significantly increasing. Thus, the di-isononyl phthalate (DINP) market is anticipated to substantially grow during the forecast period. 


Di-Isononyl Phthalate (DINP) Market Report Coverage

The report: “Di-Isononyl Phthalate (DINP) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the di-isononyl phthalate (DINP) industry. 
By Polymer Type: PVC, Acrylics, Polyurethanes, Rubber, Polyethylene, and Other.
By Application: Flooring & Wall Covering, Wires & Cables, Films & Sheets, Coated Fabrics, Consumer Goods, Adhesives & Sealants, and Others.
By End-Use Industry: Electrical and Electronics, Plastic & Rubber, Building and Construction (Residential, Commercial, Industrial, and Others), Textile and Footwear, Automotive (Passenger Vehicles, Commercial Vehicles, and Others), and Others.
By Geography: North America, South America, Europe, Asia Pacific, and RoW.


Key Takeaways
  • Asia-Pacific dominates the di-isononyl phthalate (DINP) market, owing to the increasing manufacturing & construction activities in the region due to various government initiatives such as “100 smart cities” and “Housing for all by 2022” in the region.
  • DINP offers properties such as resistance to changing weather conditions, water resistance, high thermal insulation, long-lasting wear, and durability. Its low volatility makes it effective in applications where products are exposed to high temperatures, making them more resistant to degradation.
  • According to European Plasticisers, 7.5 million tonnes of plasticizers are consumed annually worldwide, of which over 1.35 million tonnes are consumed in Europe. Ortho-phthalates such as DINP, due to their high degree of compatibility with PVC, are the most widely consumed plasticizers.
  • Due to the COVID-19 pandemic, most of the countries has gone under lockdown, due to which operations of various industries such as automotive and building & construction has been negatively affected, which is hampering the di-isononyl phthalate (DINP) market growth.


Di-Isononyl Phthalate (DINP) Market Segment Analysis - By Polymer Type

The polyvinyl chloride (PVC) segment held the largest share in the di-isononyl phthalate (DINP) market in 2019, owing to the increasing application of polyvinyl chloride in various end-use industries such as automotive, packaging, electronics, and others. The demand for polyvinyl chloride (PVC) is increasing from various end-use industries owing to its extensive characteristics such as flexible, durable, tough, weather resistance, thermal resistance, and more. According to the European Council for Plasticisers and Intermediates (ECPI), about 95% of DINP is used in PVC applications. According to European Plasticisers, over 85 percent of all plasticizers consumed in Europe are used in flexible PVC applications. For many different applications, they give PVC the flexibility and elasticity needed. Thus, it is anticipated that polyvinyl chloride (PVC) polymer will dominate the di-isononyl phthalate (DINP) market during the forecast period.


Di-Isononyl Phthalate (DINP) Market Segment Analysis - By Application

The flooring and wall covering segment held the largest share in the di-isononyl phthalate (DINP) market in 2019. PVC is a widely used polymer in flooring & wall covering as PVC floors are outstandingly durable and typically last for up to 20 years of intensive use. Di-isononyl phthalate guarantees the flexibility of the application during all this time, despite large daily changes in temperature. Di-isononyl phthalate also resists degradation and discoloring from exposure to ultraviolet (UV) light. PVC floors also provide a lot of choice for design and patterns and thus contribute to the floor aesthetics. PVC flooring and wall coverings plasticized with di-isononyl phthalate are very popular in bathrooms and kitchens as they are water-repellent and mildew-resistant. All these factors are the major reasons driving the growth of the di-isononyl phthalate market during the forecast period.

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