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Steady growth predicted in global markets for DINP and DOP phthalate plasticizers
MARKETS
MARKETS Steady growth predicted in global markets for DINP and DOP phthalate plasticizers
T
wo new reports published by Micromarket Monitor examine the global markets for phthalate plasticizers diisononyl phthalate (DINP) and dioctyl phthalate (DOP), and forecast healthy growth for both over the five-year period between 2014 and 2019. The global DINP plasticizer market was valued at US$4.28 billion in 2014 and is projected to reach a value of $6.04 billion by 2019, expanding at a compound annual growth rate (CAGR) of 7.1% during the period under consideration. The market volume was recorded at 2.11 million tonnes in 2014 and is forecast to reach 2.74 million tonnes by 2019, at a CAGR of 5.4%. The Asia Pacific region is the largest market for DINP plasticizers globally, in terms of both value and volume. According to Micromarket Monitor, DINP plasticizer is very widely used globally (currently second only to DOP) and is chiefly employed to impart improved flexibility, durability and heat resistance to polyvinyl chloride. DINP plasticizers are demanded primarily by manufacturers catering to the construction, packaging, toys and medical devices industries. With rising healthcare standards worldwide, high molecular weight DINP, with its favourable safety profile, is gaining traction in the medical devices industry, ousting low phthalate plasticizers due to concern over their harmful impacts on the human body and the environment. Moreover, the stringent regulatory policies in North America and Europe have further promoted the use of DINP plasticizers in these regions. For DOP plasticizers, the global market was valued at $6.11 billion in 2014, and is projected to reach $7.85 billion by 2019, at a CAGR of 5.1%. The consumption
September 2015
of DOP plasticizers worldwide was 3.24 million tonnes in 2014, and is expected to reach 4.02 million tonnes by 2019, at a CAGR of 5.0% during the forecast period, Micromarket Monitor finds. DOP accounted for 45.7% of the global plasticizer market in 2014. It is widely used in PVC, with its main application areas being floor & wall coverings, wire & cable, film & sheet, coated fabric, and consumer goods. Among these segments, film & sheet applications accounted for the largest share of the global DOP plasticizer market in 2014 at 22.4%. In recent years, DOP plasticizers have been scrutinized by regulatory authorities across the globe. As a result, the consumption rate for these products has drastically declined especially in Europe and North America. However, the global market is still expected to witness substantial growth in the near future, owing to the high demand for DOP plasticizers from Asia Pacific countries. This geographical region accounted for a 74% share of the global DOP plasticizers market in 2014, valued at $4.25 billion. It is expected to reach $5.96 billion by 2019, at a CAGR of 5.7% during the forecast period. This high share can be attributed to various factors, including the high demand for DOP plasticizers from end-use areas such as construction and packaging, the availability of cheap labour, and lower production costs in the region. According to Micromarket Monitor, the key players in both the DINP and DOP markets comprise UPC Technology (Taiwan), Nan Ya (Taiwan), Aekyung Petrochemical (Korea), Sandung Qilu (China), Eastman Chemical (USA), LG Chem (Korea), KLJ Group (India) and Guandong Chunda Chemical Industry (China). Both reports are priced at $4250 for a single-user licence and $7225 for a corporate licence. Contact: Micromarket Monitor, 1 South Dearborn St, 21st Floor, Chicago, IL 60603, USA. Tel: +1 888 502 0539, Email: [email protected], Web: www.micromarketmonitor.com
Additives for Polymers
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MARKETS Steady growth predicted in global markets for DINP and DOP phthalate plasticizers
T
wo new reports published by Micromarket Monitor examine the global markets for phthalate plasticizers diisononyl phthalate (DINP) and dioctyl phthalate (DOP), and forecast healthy growth for both over the five-year period between 2014 and 2019. The global DINP plasticizer market was valued at US$4.28 billion in 2014 and is projected to reach a value of $6.04 billion by 2019, expanding at a compound annual growth rate (CAGR) of 7.1% during the period under consideration. The market volume was recorded at 2.11 million tonnes in 2014 and is forecast to reach 2.74 million tonnes by 2019, at a CAGR of 5.4%. The Asia Pacific region is the largest market for DINP plasticizers globally, in terms of both value and volume. According to Micromarket Monitor, DINP plasticizer is very widely used globally (currently second only to DOP) and is chiefly employed to impart improved flexibility, durability and heat resistance to polyvinyl chloride. DINP plasticizers are demanded primarily by manufacturers catering to the construction, packaging, toys and medical devices industries. With rising healthcare standards worldwide, high molecular weight DINP, with its favourable safety profile, is gaining traction in the medical devices industry, ousting low phthalate plasticizers due to concern over their harmful impacts on the human body and the environment. Moreover, the stringent regulatory policies in North America and Europe have further promoted the use of DINP plasticizers in these regions. For DOP plasticizers, the global market was valued at $6.11 billion in 2014, and is projected to reach $7.85 billion by 2019, at a CAGR of 5.1%. The consumption
September 2015
of DOP plasticizers worldwide was 3.24 million tonnes in 2014, and is expected to reach 4.02 million tonnes by 2019, at a CAGR of 5.0% during the forecast period, Micromarket Monitor finds. DOP accounted for 45.7% of the global plasticizer market in 2014. It is widely used in PVC, with its main application areas being floor & wall coverings, wire & cable, film & sheet, coated fabric, and consumer goods. Among these segments, film & sheet applications accounted for the largest share of the global DOP plasticizer market in 2014 at 22.4%. In recent years, DOP plasticizers have been scrutinized by regulatory authorities across the globe. As a result, the consumption rate for these products has drastically declined especially in Europe and North America. However, the global market is still expected to witness substantial growth in the near future, owing to the high demand for DOP plasticizers from Asia Pacific countries. This geographical region accounted for a 74% share of the global DOP plasticizers market in 2014, valued at $4.25 billion. It is expected to reach $5.96 billion by 2019, at a CAGR of 5.7% during the forecast period. This high share can be attributed to various factors, including the high demand for DOP plasticizers from end-use areas such as construction and packaging, the availability of cheap labour, and lower production costs in the region. According to Micromarket Monitor, the key players in both the DINP and DOP markets comprise UPC Technology (Taiwan), Nan Ya (Taiwan), Aekyung Petrochemical (Korea), Sandung Qilu (China), Eastman Chemical (USA), LG Chem (Korea), KLJ Group (India) and Guandong Chunda Chemical Industry (China). Both reports are priced at $4250 for a single-user licence and $7225 for a corporate licence. Contact: Micromarket Monitor, 1 South Dearborn St, 21st Floor, Chicago, IL 60603, USA. Tel: +1 888 502 0539, Email: [email protected], Web: www.micromarketmonitor.com
Additives for Polymers
11