Market Trends of Diisononyl Phthalate (DINP) Industry
This section covers the major market trends shaping the Diisononyl Phthalate Market according to our research experts:
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.
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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
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