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 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.
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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.
Di-Isononyl Phthalate (DINP) Market Segment Analysis - By End-Use Industry
The automotive segment held the largest share in the di-isononyl phthalate (DINP) market in 2019 and is growing at a CAGR of 3.64%. The low volatility, high durability, compatibility with other chemical agents, and REACH-registered status of DINP make it suitable for inclusion in the automotive industry in a variety of plastic compounds. In particular, the additive is useful in plasticizing PVC and plastisols. Adding DINP to plastics in the automotive industry improves the compound’s performance in several ways, including greater flexibility, increased weather and water resistance, enhanced thermal insulation, improved durability, diminished migration, and more. DINP is most commonly used for tubing and profiles due to its flexibility and low rates of migration. It is also a standard component in films, foils, and sheets, especially those intended for use in automotive components. It helps prevent damage due to dirt, corrosion, and rust damage when added to chassis coverings. All these extensive properties are the major factor owing to which it is heavily employed in the automotive industry.
Di-Isononyl Phthalate (DINP) Market Segment Analysis - By Geography
Asia Pacific held the largest share in the di-isononyl phthalate (DINP) market in 2019 up to 38%, owing to the increasing automotive industry in the region. In the automobile industry, di-isononyl phthalate (DINP) is often used in the manufacturing of automotive parts such as trim, cables, under-coatings. According to the British Plastics Federation, every 100kg of plastic such as PVC can replace between 200-300 kg of traditional materials. Over the average lifespan of a vehicle, this 100 kg of plastics will reduce fuel consumption by 750 liters and consequently, the CO2 emissions owing to which the demand for PVC is increasing in the automotive sector. According to the International Trade Administration (ITA), China is the world’s largest vehicle market and the Chinese government is expecting automobile production to reach 35 million units by 2025. Also, according to OICA, the production of light commercial vehicles has increased by 10.2 % in 2018 in the APAC region due to the rising per capita income of the individuals, which further led to the massive demand for di-isononyl phthalate (DINP). Thus, with the increasing automation production, the demand for di-isononyl phthalate (DINP) will also increase for plasticizing PVC in the region, which will then substantially drive the di-isononyl phthalate (DINP) market in the Asia Pacific region during the forecast period.
Di-Isononyl Phthalate (DINP) Market Drivers
Increasing Consumer Electronics Industry
According to United States International Trade Commission, the total exports of electronic products grew by $7.9 billion (3 percent) to $268 billion in 2017 in the United States., which acts as a driver for the blade coating market during the forecast period. According to the Department for International Trade, The electronics sector is worth £16 billion every year to the UK economy. The UK is the largest European market for high-end consumer electronics products with about 18,000 UK based companies. The consumer electronics retail sector will grow faster than any other UK retail sector up to 2015, with average annual growth of 4.4%. According to Invest India, the Consumer Electronics and Appliances Industry in India is expected to become the fifth-largest in the world by 2025. By 2025, India could create a digital economy of $800 billion to $1 trillion, and India’s digital economy could fuel 18–23% of overall economic activity by 2025. And since di-isononyl phthalate (DINP) plasticized PVC is often used for manufacturing consumer electronic products, it acts as a driver for the di-isononyl phthalate (DINP) market during the forecast period.
Expanding the Building and Construction Industry Owing to the Government Initiatives
The building and construction activities are increasing in countries, such as India, China, and Singapore due to economic reforms and the rising per capita income of the individuals. And di-isononyl phthalate (DINP) plasticized PVC is extensively used in building and construction applications such as sheathing for electric cables, roofing membranes, flooring and wall coverings, and more. According to the Australian trade and investment commission, the Singapore government spends at least S$2 billion on public infrastructure each month. According to the International Trade Administration (ITA), the Chinese construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. In addition, the building and construction activities are also increasing owing to the various government initiatives such as Foreign Direct Investments (FDI). According to the Department for Promotion of Industry and Internal Trade (DPIIT), the Construction Development sector and Infrastructure Activities sector received FDI inflows amounting to US$ 25.05 billion and US$ 14.81 billion, respectively from April 2000 to March 2019. Thus, such government initiatives are leading to increased building and construction activities in the region, which acts as a driver for the di-isononyl phthalate (DINP) market during the forecast period.
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Di-Isononyl Phthalate (DINP) Market Challenges
Stringent Government Regulations
DINP is known to cause health hazards in the case of animals. DINP restrictions apply for toys and childcare articles that can be placed in the mouth according to Regulation (EC) No 1907/2006, Annex XVII-52. There is an accumulation of alpha 2 globulin in male rat kidneys when put under a high dose of di-isononyl phthalate. Studies have indicated that Diisononyl phthalate (DINP) can lead to the growth of tumors in the liver, spleen, and kidneys of animals and can affect how unborn babies develop. Also, there are effects of di-isononyl phthalate on the endocannabinoid systems of male gilthead sea bream (Sparus aurata) during the spawning season. The Office of Environmental Health Hazard Assessment (OEHHA) of California added di-isononyl phthalate (DINP) to the Proposition 65 list of California as "known to the State to cause cancer" in December 2013. This final rule is issued by the United States Consumer Product Safety Commission (Commission or CPSC) prohibiting children's toys and child care products containing more than 0.1% diisononyl phthalate (DINP), di-isobutyl phthalate (DIBP), di-n-pentyl phthalate (DPENP), di-n-hexyl phthalate (DHEXP), and dicyclohexyl phthalate (DCHP) concentrations. All these factors may act as a restrain for the di-isononyl phthalate (DINP) market growth.
Covid-19 Impact on The Di-isononyl Phthalate (DINP) Market
The COVID-19 pandemic outbreak has impacted the imports and exports of di-isononyl phthalate (DINP) as Governments of the leading producing countries have imposed export restrictions which are significantly disrupting the supplies. Moreover, the COVID-19 pandemic is having a huge impact on the automotive and building and construction industry. The production of automotive has been disruptively stopped, contributing to a major loss in the total automotive sectors. In June 2020, demand for new commercial vehicles in Germany reported a double-digit percentage decrease in May, i.e. -30.5 percent, according to the European Automotive Manufacturers Association. And the building and construction projects and operations have been stopped. With the decrease in automotive and building and construction operations, the demand for PVC materials has significantly fallen, which is having a major impact on the di-isononyl phthalate (DINP) materials market.
Di-Isononyl Phthalate (DINP) Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the di-isononyl phthalate (DINP) market. Major players in the di-isononyl phthalate (DINP) market are BASF SE, ExxonMobil Corporation, Evonik Industries AG, UPC Group, KLJ Group, LG Chemical, Nan Ya Plastics, Aekyung Petrochemicals, Shandong Qilu Plasticizers, and Mitsubishi Chemical Holdings Corporation.
Acquisitions/Technology Launches
In July 2019, BASF increased the production capacity of Isononanoic acid (INA) and 2-Ethylhexanoic Acid (2-EHA), raw materials for the production of DINP, from 55,000 MT to 68,000 MT per year in Germany and Malaysia. The expansion of these facilities helps the company to meet the global demand for high-quality chemical intermediates.
In October 2015, BASF with China Petroleum & Chemical Corporation (SINOPEC) established an isononanol (INA) plant at Maoming, China with an annual production capacity of 180,000 MT. INA is a vital raw material for the manufacturing of DINP. This expansion will allow the company to meet the growing demand for next-generation plasticizers.
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.
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