The global dioctyl maleate market was valued at $242.6 million in 2018, and is projected to reach $326.1 million by 2026, growing at a CAGR of 3.7% from 2019 to 2026.
Dioctyl maleate (DOM) is a maleic acid, which acts as a non-phthalate plasticizer, and is used in resins to provide flexibility and elasticity. These types of polymerizations with dioctyl maleate occur during the production of adhesives, emulsion paints, surfactants, textile coatings, and wetting agents. In particular, DOM is used as a chemical intermediate in the production of surfactant sodium dioctyl sulfosuccinate, which is a used as a wetting agent for detergent.
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The growth of the global dioctyl maleate market is majorly driven by increase in demand for surfactants, which find their application across industries such as soaps & detergents, personal care, lubricants and fuel additives, industry & institutional cleaning, food processing, and oilfield chemicals. In addition, DOM is applicable in the manufacture of sulfosuccinates, which are used as wetting agents for detergent applications. DOM acts as a non-phthalate plasticizer, and is used in automobiles to join the various parts, thereby replacing the use of metal nuts & bolts and reducing the overall weight of the vehicle. Increase in the demand for lightweight and higher fuel-efficient vehicles is expected to boost the demand for non-phthalate plasticizers, which in turn will drive the growth of the global dioctyl maleate market.
Moreover, upsurge in demand for packaged food by consumers owing to hectic schedule and changes in eating habits is expected to augment the need for food contact cling films. This is attributed to significantly contribute toward the growth of global market, as dioctyl maleate is used in the manufacturing of food contact cling films. The demand for food contact cling films is further anticipated to grow at a considerable rate, as they enhance the shelf life of food products. However, availability of large number of substitutes such as dioctyl phthalate (DOP), dioctyl adipate (DOA), and dibutyl maleate (DBM) at lower prices is expected to hinder the growth of this market. On the contrary, implementation of stringent government regulations on usage of phthalates is expected to offer lucrative opportunity for market expansion, as dioctyl maleate acts as non-phthalate plasticizer, which is nontoxic in nature.
The global dioctyl maleate market is segmented based on end use and region. Depending on end use, the market is classified into adhesives, emulsion paint, surfactants & wetting agent, plasticizer, textile coating, and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
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The key players operating in the dioctyl maleate industry include Biesterfield AG, Celanese Corporation, ESIM Chemicals, HallStar, Hangzhou Qianyang Technology Co., Ltd, Henan GP Chemicals Co., Ltd., Merck KGaA, Polynt SpA, Shandong Yuanli Science and Technology Co., Ltd., and Tokyo Chemical Industry Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• It outlines the current trends and future scenario of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
• Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
• The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
• By End Use
• Emulsion paint
• Surfactants & wetting agent
• Textile coating
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• By Region
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Saudi Arabia
o South Africa
o Rest of LAMEA