Research Nester published a report titled “Dioctyl Adipate Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global dioctyl adipate market in terms of market segmentation by purity type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global dioctyl adipate market is estimated to grow at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of application into polymer, rubber, paint, and others, out of which, the rubber segment is anticipated to hold a substantial share over the forecast period on account of increasing demand for rubber across various end-user industries, along with high use of plasticizers in the rubber manufacturing industry.
The global dioctyl adipate market is anticipated to witness growth on the back of increasing application of plasticizers across various industries. Moreover, increasing use of dioctyl adipate or DOA as an additive with rubber, paints, and plastics, to increase the flexibility of these substances, is estimated to boost the market growth. Furthermore, it is cost effective, and easily available which is further anticipated to fuel the growth of the market.
On the basis of geographical analysis, the global dioctyl adipate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period. This can be attributed to the presence medical equipment manufacturing companies in the region which use rubber with high number of plasticizers in order to achieve higher flexibility in the medical equipment.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Use of Chemical Plasticizers to Boost the Growth of the Market
DOA has larger molecular space, high boiling point, and low vapor pressure, which makes it suitable to be used as a plasticizer. Plasticizers reduce the brittleness of any polymer, and increase its malleability and flexibility, which is highly essential in rubber cables, plastic sheets, and wires. This is estimated to significantly drive the market growth.
However, declining use of plastics, backed by growing environment awareness is expected to operate as key restraint to the growth of global dioctyl adipate market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global dioctyl adipate market which includes company profiling of Exxon Mobil Corporation, Hallstar Innovations Corp., DuPont de Nemours, Inc., Ineos Group Ltd., Chongqing Caifchem Co., Ltd., Hanwha Solutions Corporation, LG Chem Ltd., S&P Global Inc., Daihachi Chemical Industry Co., Ltd., and Mitsubishi Chemical Holdings Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dioctyl adipate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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