Dioctyl Adipate Market Size

Dioctyl Adipate Market size was valued at USD 2.11 Billion in 2023 and is likely to reach USD 4.34 Billion by 2036, registering around 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of dioctyl adipate is assessed at USD 2.22 Billion. The growth of the market can be attributed to the growing safety concern in the healthcare industry. Hospitals can be full of hidden risks owing to the high possibility of infections or medical mistakes. To enhance the manufacturing quality of medical equipment and gadgets, dioctyl adipate is employed as a favored raw material in the healthcare sector. It is used as a biodegradable substance it is utilized in medical gloves, tubes, blood bags, and other items. Further being a suitable material for creating different medical tubes that are inserted into a patient's body, DOA is becoming more and more significant. According to the World Health Organization (WHO), up to 4 out of 10 patients experience injury when receiving primary and outpatient care globally.

In addition to these, factors that are believed to fuel the market growth of dioctyl adipate include the rising demand for personal products. For instance, the growing concern among individuals on personal hygiene and skin health has led to the rise in demand for personal care products. Additionally, dioctyl adipate is included in a number of personal care items, including sunscreen, body lotion, and hair conditioner, which is predicted to present the potential for market expansion over the projected period.