Di-Isononyl Phthalate (Dinp) Market 2024 Industry Product Outlook Peru

  • Di-Isononyl Phthalate (Dinp) Market 2024 Industry Product Outlook Peru
  • Di-Isononyl Phthalate (Dinp) Market 2024 Industry Product Outlook Peru
  • Di-Isononyl Phthalate (Dinp) Market 2024 Industry Product Outlook Peru
  • What is the global diisononyl phthalate (DINP) market value?
  • The global diisononyl phthalate (DINP) market attained a value of USD 3.36 billion in 2023, driven by the increasing use of PVC polymers. Aided by the rising population and end-use industries, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.7%.
  • What is the forecast period for the diisononyl phthalate industry?
  • The industry is further expected to grow at a CAGR of about 3.7% in the forecast period of 2024-2032 to reach a value of around USD 4.66 billion by 2032. The Asia Pacific is projected to register a healthy growth in the global diisononyl phthalate industry during the forecast period.
  • Why is the diisononyl phthalate market growing?
  • The regional market has been driven by the rising demand for DINP in developing economies, such as China and India. The growth of the diisononyl phthalate industry in the Asia Pacific has been further driven by the increased demand in the building and construction industry from countries like India, China, Vietnam, Thailand, and Indonesia.
  • What are the applications of diisononyl phthalate?
  • 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.

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