Diisononyl Adipate (DINA) Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2029
The global diisononyl adipate market size is expected to gain momentum owing to the accelerating demand for cosmetics & personal care products and synthetic rubber during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Diisononyl Adipate Market, 2022-2029.”
The outstanding characteristics of DINA: such as flexibility, durability, rigidity, temperature and heat resistance, mold-ability, low price, high versatility, make it adequate for its usage in several industries. Like buildings & construction, pharmaceutical, cosmetic & personal care, plasticizers can have an excellent impact on market growth in the forthcoming years.
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Industrial and Economic Curtailments to Hamper Growth
The diisononyl adipate market is an emerging industry that has been impacted by a continuing epidemic, which has dwindled production and installation across the countries. The market has been grievously impacted due to massive disturbances caused by COVID-19, such as lockdowns, social distancing norms, and trade diminutions in the global supply chain. The factories and workshops have been restrained from functioning with a limited workforce, which subsequently lowered the manufacturing operations. The market investments have been inevitably obstructive due to the shrunken revenues of the dominant market players. However, the rising demand for medical and pharmaceutical products, life support equipment, packaged food & beverages are expected to have a positive market impact.
On application type, the market divides into polyvinyl chloride, polyethylene copolymer, polystyrene, synthetic rubber, and cosmetics & personal care. Finally, by geography, the market segregates into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa.
What does the Report Offer?
The market research report for diisononyl adipate offers integrated information on:
- Primary trends
- Opportunities driving industry growth
- Growth drivers & Restraints
- Key players dominating the market
- Challenges and restrictions
- Important industrial developments
Drivers & Restraints:
Growing Industrial Applications to Escalate Market Growth
The global diisononyl adipate market share is expected to expand owing to the hike in demand in diversified applications such as polyvinyl chloride, polyethylene copolymer, polystyrene, synthetic rubber, and cosmetics & personal care. The availability of DINA in variable purity levels with outstanding holdings such as high resistance to temperature variations, electrical properties, heat stability, and impact resistance makes it suitable for several industrial applications. The growing requirements in the cosmetics & personal care and rubber industry for its utilization as a skin conditioning agent and flexibility provision at low temperatures, respectively, are likely to boost the market growth. However, the high demand often causes the inaccessibility of DINA, which restricts its application at several places has anticipated hindering the market.
Rising DINA Usage in Cosmetics Application to Promote Growth in the Asia Pacific
Asia Pacific is likely to dominate the diisononyl adipate market growth, accrediting rising product usage in the polyvinyl chloride and cosmetics & personal care applications. Europe is forecasted to have a sizeable share in the market due to DINA’s growing use in the polyethylene copolymer.
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Producers Focus on Improving Progressions to Strengthen their Position
The automotive valve lifter market is highly competitive. Presence of the dominant market participants and the dominant advancements, the industry has moderate to high entry barriers. Improved progressions in the DINA market, expanding product range, product launches, mergers, acquisitions, partnerships, insights on restrictive scenarios, porters five forces analysis, and the emerging trends are likely to drive the market.
- July 2019: BASF expanded the manufacturing capacity of raw materials production of DINA; Isononanoic Acid (INA), and 2-Ethylhexanoic Acid (2-EHA), from 55000 MT to 68000 MT per year at Ludwigshafen, Germany, Kuantan, and Malaysia. The company has been able to meet the global demand for premium chemical intervene, owing to the enlargement of the facilities.
List of Key Players Profiled in the Global Market for Diisononyl Adipate:
- The Good Scents Company(tgsc) TM
- Alfa Chemistry
- Parchem fine & specialty chemicals.
- Toronto Research Chemicals
- EMCO Chemical Distributors Inc.
- NAN YA PLASTICS CORPORATION
- HB Chemical
- CheMondis GmbH
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