Diisononyl Phthalate (DINP) Market is projected to expand at a 5.25% CAGR, attaining USD 4.253 billion by 2030 from USD 3.293 billion in 2025.
Diisononyl phthalate is a chemical compound employed in the manufacturing process of flooring, wall covering, cables, wires, coated fabrics, consumer goods, films, sheets, and several other products used in different industries. Diisononyl phthalate is manufactured in different polymer types including radiation, hot melt, solvent-based, and water-based. DINP is predominantly consumed in polyvinyl chloride (PVC) products as a plasticizer or softener, comprising coated fabrics, vinyl flooring, wire and cable insulation, gloves, toys, garden footwear, hoses, and faux leather. In addition, DINP is also employed as a manufacturing component in rubber, inks, pigments, and paints, among other consumer goods. The rising need for PVC products in the construction sector and the application of diisononyl phthalate in adhesives and other manufacturing industries are expected to stimulate the growth of the diisononyl phthalate market over the forecast period.
The increasing demand for housing and infrastructure in the construction industry across the world is resulting in high demand for polyvinyl chloride (PVC) plastic further increasing the consumption of diisononyl phthalate as a plasticizer. A subsidiary of PlasticsEurope, the European Council of Vinyl Manufacturers revealed that PVC is a fundamental building and construction material since approximately 70% of the total polyvinyl chloride manufactured in Europe is consumed by the construction sector. The addition of diisononyl phthalate to PVC enhances its flexibility to enable its application across roofing membranes, water pipelines, flooring, and windows in construction projects. Therefore, the infrastructural needs of the growing urban population and the expansion of the construction sector of major developing and developed nations are increasing the use of diisononyl phthalate in vinyl floorings and walls. For instance, the World Bank revealed that the urban population of India rapidly increase to reach from 465 million in 2018 to reach 498 million in 2021.
In addition, the Ministry of Finance department of the Government of India announced in September 2021 that it will be introducing the National Infrastructure Pipeline from 2020 to 2025 which will assist in infrastructure development projects across urban areas in the country by investing approximately Rs 111 lakh crores. In addition, a report compiled by the American Institute of Architects revealed that the construction of the US in the commercial field grew by 1.5% in 2021, increasing from its growth rate of 0.9% in 2020. The increase in infrastructure and building development projects is a major market driver increasing the consumption of diisononyl phthalate as a PVC plasticizer and softener propelling the growth of the diisononyl phthalate market over the forecast period as approximately 95% of the DINP is utilized for plasticizing PVC.
Human exposure to diisononyl phthalate in large concentrations has been proven to cause cancer in humans and alter the development of the fetus in pregnant women. Consequently, several regulatory bodies have laid down regulations to constrict the application of diisononyl phthalate in a wide range of products including children’s toys. For instance, the European Commission announced its intention to ban the use of PVC by 2030 in Europe and has implemented a ban on the use of diisononyl phthalate in children's care products and toys. In addition, the California Office of Environmental Health Hazard Assessment included diisononyl phthalate in its list of chemicals named Proposition 65 which contains a list of carcinogenic chemicals. Therefore, the ill effects of diisononyl phthalate on human health have the potential of restricting the expansion of the DINP market.
Sigma Aldrich is a major company producing technical grade diisononyl phthalate chemical compounds possessing a molecular weight of 418.61 moles as an integral part of its chemical compound product portfolio with a chemical composition of approximately 99% of Esther isomers.
Jayflex DINP plasticizer is a diisononyl phthalate product manufactured by Exxon Mobil Corporation. It is a widely consumed DIMP product for several general purposes due to its enhanced age resistance and low energy consumption properties for plastisol coating applications.
The diisononyl phthalate market in North America is promoted by the increasing consumption of PVC in the construction and consumer goods manufacturing sectors. In the consumer goods sector, PVC is used for several purposes such as milk packaging and other food packaging in the form of sealants. For instance, the NuPulse brand in the US comprises dairy packaging which contains DNIP at more than 10%. The rise in processed and packaged foods and beverages in North American economies promotes the usage of PVC as a packaging material in certain circumstances which further increases the demand for diisononyl phthalate.
In addition, the Asia Pacific region is also anticipated to witness growth in its diisononyl phthalate market as a result of the expansion of its construction projects and the growth of the automotive sector. For example, Mitsubishi Corp. and Temasek Holding announced their collaboration in September 2020 to construct a smart city in Indonesia. The consumption of wires and cables in the consumer electronics and automotive sector further creates a need for the consumption of diisononyl phthalate as it is applied in the manufacturing process of electrical wires and cables. The development in electric vehicle manufacturing technology will further drive the demand for diisononyl phthalate over the forecast period.
Segmentation