Dioctyl Adipate Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Dioctyl Adipate Market is segmented By Application (Transparent Films for Food Packaging, Articles Made From PVC, Hydraulic Fluid in Capacitors, Dielectric Fluid in Capacitors, Solvent in Glowsticks, Unfilled Garden Hoses, Others), By End-User (Packaging, Consumer Goods, Utility, Chemical Industry, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Dioctyl Adipate Market Overview

The Global Dioctyl Adipate Market is expected to grow at a high CAGR during the forecast period (2024-2031). 

Dioctyl adipate (DOA) is an oily liquid commonly used as a plasticizer for PVC, and it is light in color and used in combination with other plasticizers or by itself. Moreover, DOA is soluble in oil but not water because of its suitable properties, low cost, and manufacturing. DOA is known by many names, including adipic acid di(2-Ethylhexyl) ester and bis (2-Ethylhexyl) phthalate. In addition, DOA offers low temperature, extreme flexibility, and good electrical properties, making it suitable for plasticizers. It also has good heat stability and strong resistance to weathering. Many applications for DOA are most likely to be used as transparent films for food packaging.

Dioctyl Adipate Market Summary

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Dioctyl Adipate Market Dynamics

Dioctyl adipate is an efficient plasticizer that provides the utmost stability at low temperatures, good electrical properties, and flexibility, which is expected to boost the market size during the forecast period. In its solid state, the organic compound is a clear liquid that can be easily added to other plasticizers such as DOTP and DOP. It’s also compatible with ethyl cellulose, nitrocellulose, high-butyryl cellulose acetate butyrates, and most synthetic rubbers.

Furthermore, high demand and an increase in accommodation development are major factors expected to boost the market in the forecast period. In addition, the instant growth of urbanization and the high demand for housing is the factor that is expected to drive the market growth. Moreover, the increasing demand for food packaging in residential, industrial, and commercial sectors increases the demand and market size for dioctyl adipate. In 2019, the global food packaging market was worth about USD 304.5 billion and is expected to grow at a significant CAGR during the forecast period. Government policies and economic growth in developing countries result in rising architectural, industrial, and construction activities, which is another factor expected to drive market growth during the forecast period.

Dioctyl Adipate Market Segmentation Analysis

By application, the market is segmented into transparent films for food packaging, articles made from PVC, hydraulic fluid in capacitors, dielectric fluid in capacitors, solvent in glowsticks, unfilled garden hoses, and others. By end-user, the market is segmented into packaging, consumer good, utility, chemical industry, and others.

The product is an excellent cold-resistant plasticizer of PVC, which gives the product excellent thermal stability, low softness, and water resistance. In the plastisol, the initial viscosity is low, and the viscosity stability is good. It is often used with DOP and other primary plasticizers for cold-resistant agricultural film, sheet, wire, outdoor water pipes, artificial leather, and packaging film of frozen food. Moreover, it can also be used as a low-temperature plasticizer for many synthetic rubbers and resins such as nitrocellulose and ethyl cellulose. It can also be used as the raw material of aviation grease and the stationary liquid for gas chromatography (the highest operating temperature is 135 ℃, and the solvent is ether).

Dioctyl Adipate Market Geographical Share

North America dominates the market for dioctyl adipate and is expected to dominate the market during the forecast period due to increasing PVC demand. Moreover, food packaging companies spend around 19.3% of their revenues on R&D for better quality packaging material. In addition, the growing demand for food packaging is expected to increase the market size in this region. In 2020, the market value of food packaging in North America reached around USD 18.5 million and is expected to reach USD 31.6 million by 2025.

Europe and APAC are expected to contribute significant market growth during the forecast period due to increasing investment. Being highly populated countries and developing nations, China and India are anticipated to account for a significant share of the global dioctyl adipate market. Furthermore, in countries such as India, state governments have banned single-use disposable plastic products, as these block sewers & drain and pollute the water bodies. In addition, the demand for plasticizers is expected to drive the market size during the forecast period. Adverse health effects and environmental pollution is expected to hinder dioctyl adipate's global market in developing nations.

Dioctyl Adipate Market Companies and Competitive Landscape

The dioctyl adipate market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream applications. BASF, J-PLUS, Eastman, Aekyung Petrochemical, LG Chem, Mitsubishi Chemical Corporation, Meltem Kimya, Haihang Industry, Amines & Plasticizers Ltd., Silver Fern Chemical Inc. are the major player in the adipate market. The significant players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the dioctyl adipate market globally.

BASS

Plastomoll® DOA is a highly efficient plasticizer that imparts excellent low-temperature flexibility and resistance to the base resin's impact. For these reasons, it finds broad use in polymeric systems based on vinyl, nitrocellulose, and rubber. It is widely used in food contact applications. Plastomoll® DOA is chemically stable and resistant to discoloration on extended exposure to ultraviolet light and heat, in addition to its high efficiency and contribution to vinyl's low-temperature properties. The combination of low viscosity and efficiency provides excellent dry blending and processing characteristics. 

Applications 

• When used in plastisols, Plastomoll® DOA grants low initial viscosity and good viscosity stability. The benefaction to relative yield value suggests use in dip coating formulations where sag resistance is required. 

Safety 

• Plastomoll® DOA does not require special handling. Handle under good industrial hygiene and safety practices. Avoid eye contact by wearing personal protective equipment. If eye contact occurs, wash with flowing water and contact the physician. 
• Avoid repeated or prolonged skin contact. Avoid breathing vapors by providing adequate ventilation. 
• Always refer to the Safety Data Sheet for detailed safety information.

Why Purchase the Report?

• Visualize the composition of the Dioctyl Adipate Market segmentation by application, end-user, and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the Dioctyl Adipate Market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of Dioctyl Adipate Market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the critical product of all major market players

The global Dioctyl Adipate Market report would provide access to approx.: 61 market data tables, 55 figures, and 180 pages.

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