Diisobutyl Adipate Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2021–2028

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Furthermore, the report discusses some major challenges, imminent threats, unfavorable government policies, and stringent regulatory frameworks in the Diisobutyl Adipate market that are likely to negatively impact its growth in the years to come.

Reports and Data’s latest industry analysis report is a reliable source of information on the global Diisobutyl Adipate market  industry and its key segments. The report lays stress on the current market size, market share and key market dynamics including drivers, restraints, opportunities, supply demand ratios, upcoming market trends, technological innovations, and value chain analysis. The accurate market projections contained in the report are predicated on historical and present market data and effective research methodologies. The report presents quantitative and qualitative industry insights, along with vital information related to market revenue growth rate, industry annual sales, regional outlook, product type application ranges, and key industry statistics.

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The global materials chemicals industry has gained impetus over recent years, owing to factors such as rising demand for essential consumer products including food beverages, cosmetics, and personal care hygiene products, and increasing use of chemicals and raw materials in the buildings construction, agriculture, textiles, automotive, packaging, and several other industries. Rising focus of manufacturers on deploying environmentally sustainable materials and chemicals to augment industrial productivity and reduce carbon footprint is a major factor driving the growth of this industry. Rising consciousness about environmental conservation, introduction of technologically advanced and organic chemical products, and growing use of high-performance specialty chemicals further boost the industry revenue growth.

Diisobutyl Adipate Market Led by Product Type Segment:

Global Diisobutyl Adipate Market is segmented based on product type by Diisobutyl adipate (DIBA) and Di butyl adipate (DBA). The price of DIBA DBA is decreasing yearly due to raw material costs, market competition, and economic conditions. In recent years, profit has also decreased. Price will continue to fall in the upcoming years. As competition heats up, price disparity between brands will reduce. Furthermore, as a result of different brands competing against each other, the price of diisobutyl adipate will fall as a result of cheap raw materials, economic conditions, and market competitors.

Global Diisobutyl Adipate Market Leading End-User Type Segment:

Global Diisobutyl Adipate Market is segmented based on end-user type by Personal care and cosmetics, Food packaging and coatings, Plastic industry, and Others. The greatest market was for plasticizer. It is also expected to expand at a CAGR over the foreseeable period. Cosmetics was the second-largest application market, and consumption is expected to rise during the projection period. Diisobutyl adipate is in high demand in cosmetics and plastic industries, as a result of its high demand in food packaging and coatings. Because of rise in per capita income in Asian countries such as Japan, South Korea, India, and China, the cosmetics sector is booming. Personal care and sunscreen products are in high demand, especially in these countries. Use of diisobutyl adipate as a cosmetic solvent is propelling the market forward.

North America Accounts for Largest Revenue Share in Global Diisobutyl Adipate Market:

Due to increasing need for cosmetic items in developed nations such as the United States and Canada, Diisobutyl Adipate has a large market. This, in turn, raises demand and the supply chain for the Diisobutyl Adipate market. This is why North America dominates the global diisobutyl adipate market in terms of revenue.

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Top Companies Profiled in the Diisobutyl Adipate Market Report:

  • Merck KGaA
  • BASF
  • Lanxess
  • Dow DuPont Company
  • Penta Manufacturing Company
  • Tokyo Chemical Industry Co., Ltd.
  • Toronto Research Chemicals
  • Nayakem Organics Pvt. Ltd.
  • Invista, Kao Group
  • Alfa Aesar
  • Carbosynth
  • Hangzhou Qianyang Technology Co., Ltd.

Market Insights:

Product Type Outlook:

The bisphenol-based segment accounted for the largest revenue share in the global market in 2020, due to increasing demand for bisphenol-based high-temperature resins from the aerospace and defense.
The novolac-based cyanate ester resin segment is expected to register the highest revenue growth rate during the forecast period. These novolac-based products are lightweight and offer excellent thermal performance. Novolac-based cyanate esters resins have extensive applications in microelectronics where these are used as photoresist materials.

Application Outlook

The composites segment accounted for major revenue share in the global market in 2020, and is expected to continue to contribute larger revenue share during the forecast period. This is due to high adoption of composites from aerospace and defense, and automotive industries.
The adhesives segment is expected to register the highest revenue growth rate during the forecast period. Diisobutyl Adipateare mainly used for die attach adhesives, underfills, and encapsulants for semiconductor packaging in electronics industry.

End-Use Industry Outlook

The electrical and electronics segment is expected to register the highest revenue growth rate during the forecast period. This is due to lightweight properties of novolac-based cyanate ester resin and increasing production of high performance printed circuit boards (PCB). In addition, rapidly growing electronics industry and need for the cyanate ester products in electronics is another factor expected to drive revenue growth of this segment.

Region Outlook:

The North America market accounted for revenue share in the global market in 2020, and is expected to continue to with its dominance over the forecast period. This is due to presence of well-established aircraft manufacturers such as Boeing and Lockheed Martin in countries the region, and high demand for Diisobutyl Adipate from these industries. In addition, technological advancements by the manufacturers operating in the region is further driving growth of the market in this region

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