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.
The Dioctyl Adipate market has been growing steadily in recent years, driven by the increasing demand for plasticizers in the construction and automotive industries. Dioctyl Adipate, also known as DOA, is a clear, colorless liquid that is used as a plasticizer in a wide range of products, including PVC, rubber, and synthetic resins.
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Key Players-
- BASF AG
- ExxonMobil
- Hallstar Industrial
- Aarti Industries
- Hanwha Chemical
- BOC Sciences
- Eastman Chemical Company
- New Japan Chemical Co., Ltd.
- Henan Qingan Chemical Hi-Tech
- GJ Chemical and more
DOA is widely used in the production of a variety of polymeric materials, including polyvinyl chloride (PVC), polyurethane (PU), and polyethylene (PE). In PVC applications, DOA is used to increase the flexibility and workability of the material, allowing it to be used in a wider range of applications, such as wire and cable insulation, flooring, and medical devices. In PU and PE applications, DOA is used to improve the low-temperature flexibility and elasticity of the material.
The global demand for DOA is primarily driven by the growth of the construction and automotive industries. DOA is used in a variety of construction materials, such as roofing membranes, waterproofing membranes, and flooring, as well as in automotive parts, such as hoses, belts, and gaskets. In addition, the increasing demand for non-toxic and non-phthalate plasticizers in food contact materials and medical applications is expected to drive the demand for DOA in the coming years.
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The global DOA market is highly fragmented, with several large players, such as BASF, Eastman Chemical, and ExxonMobil, competing for market share. The market is also characterized by the presence of a large number of small and medium-sized enterprises, particularly in the Asia-Pacific region.
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