Die Größe des Dioctyladipat-Marktes wurde im Jahr 2023 auf 2,11 Milliarden US-Dollar geschätzt und dürfte bis 2036 4,34 Milliarden US-Dollar erreichen, was einer durchschnittlichen jährlichen Wachstumsrate von etwa 5,7 % im Prognosezeitraum, d. h. zwischen 2024 und 2036, entspricht. Im Jahr 2024 wird die Branchengröße von Dioctyladipat auf 2,22 Milliarden US-Dollar geschätzt. The growth of the market is attributed to the growing safety concerns in the healthcare industry. Hospitals can be full of hidden risks due to the high probability of infections or medical errors. To improve the manufacturing quality of medical devices and equipment, dioctyl adipate is used as a preferred raw material in the healthcare industry. It is used as a biodegradable substance and is used in medical gloves, tubing, blood bags, and other items. DOA is not only a suitable material for manufacturing various medical tubes that are inserted into a patient's body but is also gaining importance. According to the World Health Organization (WHO), as many as 4 out of 10 patients worldwide sustain injuries during primary and outpatient care.
Furthermore, factors believed to boost the market growth of dioctyl adipate include the rising demand for personal products. For example, growing concern among people about personal hygiene and skin health has led to a rise in the demand for personal care products. Moreover, dioctyl adipate is present in a number of personal care products including sunscreen, body lotion, and hair conditioner which is expected to provide the potential for market expansion during the forecast period.
Growth drivers
Growing Food Packaging Industry – Due to the growing working population across the globe, the market is expected to expand further in the coming years. Moreover, dioctyl adipate is used in the manufacturing of flexible PVC films used in food packaging which in turn will boost the market growth during the forecast period. According to statistics, over 10 million more people are entering the working population in India every year.
Increasing demand for electrical appliances – The growing number of households across the globe is estimated to drive the market growth. It is estimated that household appliances account for over 10% of the total final electricity consumption worldwide.
Increasing use of plasticizers – Dioctyl adipate is suitable for use as a plasticizer due to its wide molecular space, high boiling temperature and low vapor pressure. It is a premium plasticizer that has exceptional mechanical strength at high temperatures and moderate volatility. In the next few years, the global consumption of plasticizers will increase by more than 3% annually.
Growing demand for rubber – Growing demand for rubber in automotive applications and latex products is expected to drive the market growth. Dioctyl adipate is a chemical compound used to make synthetic rubber and is also used as an essential ingredient in many applications including tires, shoe bottoms and hoses. Moreover, rubber is widely used in flexible materials such as sheets, wires and cables which increases the need for DOA in the rubber sector. In 2022, India consumed over 070 million tonnes of synthetic rubber.
challenges
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Base year |
2023 |
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Forecast year |
2024-2036 |
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CAGR |
~5.7% |
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Base year market size (2023) |
~ 2,11 Milliarden USD |
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Forecast year market size (2036) |
~ 4,34 Milliarden USD |
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Regional scope |
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The global dioctyl adipate market is segmented and analyzed on the basis of demand and supply by application in polymer, rubber, paint, and others. It is estimated that the rubber segment, out of the four types, will gain the largest market share during the forecast period. The growth of the segment can be attributed to the increasing use of rubber across end markets. For example, rubber can be easily molded into a variety of shapes and sizes. Moreover, rubber is used in pipelines, gardening tools, etc. It is also used in a variety of products including hoses, tires, toys, clothing, tires for cars and aircraft, medical devices, and surgical gloves, and industrial items. Moreover, dioctyl adipate is an important component of plasticizers of the rubber industry. It can impart remarkable suppleness to products at low temperatures. Moreover, it is also used as an additive in the manufacturing process of rubber. By 2023, the global consumption of natural rubber is expected to reach over 15 million tons.
The global dioctyl adipate market is also segmented and divided on the basis of demand and supply by the end user into packaging, cables and wires, consumer goods, medical applications, wall coverings and flooring, and others. Among these six segments, the consumer goods segment is expected to gain a significant share. The growth is attributed to the rising disposable income of consumers across the globe. In consumer goods, dioctyl adipate is used as a non-flammable solvent which is found in a variety of finished products such as hoses, floor coverings, paints, varnishes, waterproof membranes, and PVC soles for shoes and slippers. In addition, DOA is also an important ingredient in PVC outer pipes, artificial paper, doormats, and artificial leather.
Our in-depth analysis of the global Dioctyl Adipate market includes the following segments:
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By purity type |
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After application |
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By end user |
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The Asia Pacific dioctyl adipate market is expected to hold the largest market share among all other regions by the end of 2035. The growth of the market is primarily due to the growing production of chemicals in developing countries such as China and India. For example, historically, the largest chemical industry in the world has been that of China and it continues to be the global leader in terms of its chemical sector. Moreover, it is the leader in the global chemical manufacturing industry due to its low labor cost, rapid investment, favorable government regulations, and easy access to raw materials. Furthermore, China is the world's largest exporter, producer, and also consumer of dioctyl adipate. It exports the majority of its products to the United States, Bangladesh, and Indonesia. It is estimated that China's market share in global chemical sales increased by more than 30% in 2018.
The North American dioctyl adipate market is expected to grow at the highest CAGR along with the market in all other regions during the forecast period. The growth of the market is primarily attributed to the growing demand for dioctyl adipate from the electronics industry. It is used as an insulating material for cables and wires as the temperatures in the environment are extremely low. In addition, the expanding healthcare industry in the region is also expected to boost the market growth during the forecast period.
Furthermore, the market in Europe is projected to hold the majority of the share along with the market in all other regions by the end of 2035. The growth of the market is mainly attributed to the growing demand for paints in the region. For example, due to the high consumer interest in home decor, architectural paints are becoming increasingly in demand in Western Europe. In paint, dioctyl adipate (DOA) is used as a solvent dispersion and thickener. Moreover, it has been discovered that dioctyl adipate can successfully replace a variety of organic solvents used in paints. Furthermore, the region's expanding healthcare industry and rising demand for cosmetics are expected to boost the market growth during the forecast period.
Mitsubishi Chemical Holdings Corporation accepted submissions for the KAITEKI Challenge to promote sustainable consumption in daily life, research into innovative technologies for alternative proteins, recycling of plastic waste, and prevention of food loss and waste.
Exxon Mobil Corporation has increased its capacity to produce raw materials for medical masks and gowns to meet this urgent need and support the health and safety of healthcare professionals, nurses and first responders.
Autorennachweise: Rajrani Baghel
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