Dioctyl Adipate Market Forecast
As per latest research, the demand for Dioctyl Adipate is expected to grow at a CAGR of 3% to 5% between 2021 and 2031. It has an important function in various industries, helping the expansion of the market and is mostly utilised as a plasticizer.
Dichlorophtalate (DOP) is an organic chemical with the molecular formula C6H4 (CO2C8H17)2, commonly known as diethylhexyl Adipate (DEHP). As a result of its higher molecular weight, high boiling point, and low vapour pressure, dioctyl Adipate is one of the most commonly used plasticizers for general purpose applications.
Phthalic anhydride reacts with 2-ethyl hexanol to produce it. As a result of its characteristics and lower cost of production, DOA is soluble in oil but not in water. Many names for DOA exist, including adipic acid di (2-ethylhexyl) ester and bis (2-ethylhexyl) Adipate.
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As a result, DOA is ideal for plasticizers due to its low temperature, high flexibility, and strong electrical characteristics. Heat stability and weathering resistance are additional significant features of this material.
A plasticizer is a chemical additive that increases a material’s flexibility and plasticity, allowing it to be processed and handled more easily. Addition of this substance to the material causes it to become more flexible by occupying gaps between its molecules.
What is Driving Demand for Dioctyl Adipate?
As a transparent film for food packaging, DOA is most likely to be utilised in a variety of applications. The diloctyl Adipate market is anticipated to expand at a steady rate during the forecast period due to the fact that Adipates are the most widely used plasticizers.
There is a rise in demand from end-use industries for Dioctyl Adipate. Demand from the film and sheet sector, consumer products, and cables and wires, among others, are likely to drive the worldwide market forward in the coming years.
Wire and Cable to remain a key segment for the consumption of Dioctyl Adipate
The market would see significant expansion throughout the projected period as a result of rising demand and increased building of new urban dwelling units.
Furthermore, increasing urbanisation and high housing demand are expected to drive the market’s development. It is utilised in cables and wires, films and sheet applications, medical device resins, wall coverings, and flooring, among other things.
US and Europe Dioctyl Adipate Market Outlook
Because of the growing production and demand of PVC, North America is a significant market for this product.
Increasing demand of polymer film products for food packaging is also projected to boost the market size in this region. By the year 2031, North America’s market for food packaging will gain considerable share.
The demand for dioctyl adipate will be hampered by adverse health consequences and environmental contamination in developing nations. In Europe, it is predicted that the market will grow slowly.
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Asia Pacific Demand Outlook for Dioctyl Adipate
Due to a rise in demand from emerging economies, the Asia Pacific market is expected to lead demand during the projected period. In addition, the cost efficiency of the product is another feature which might favour its use as a plasticizer.
In some applications, such as those requiring food contact and medical devices, there is possibility of being replaced by non-Adipate plasticizers, which would limit the growth of the APAC market through the projection period.
Increased investment in construction sector is forecast to substantially boost the market in APAC. Both have a high population density and are the ideal prospects for a major part of the international market.
Who are the Key Manufacturers and Suppliers of Dioctyl Adipate?
Some of the leading manufacturers and suppliers of Dioctyl Adipate market include
- Aekyung Petrochemical
- BASF
- Mitsubishi Chemical Corporation
- Hallstar Industrial
- Upc Group
- SABIC
- Henan Qingan Chemical Hi-tech
- Ningbo Kai
- LG Chem
- Great Chemical Science and Technology
- Daihachi Chemical
- Bluesail Chemical Group
- J-PLUS
- Shuanghong Chemical
- Eastman
- Meltem Kimya
- Many Others.
The novel coronavirus driven pandemic caused significant economic losses in several sectors. However the food packaging sector has witnessed increased growth during the period as increased hygiene requirements drove higher spending on protective packaging. Thus this has provided the key manufacturers with increased opportunities in the market.
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