UPC Technology Corporation is the biggest DINP plasticizer manufacturer in the APAC region. It completed the expansion of its plasticizer unit in 2014, thereby increasing its production capacity to cater to the growing demand in the region. The company’s strategy is to capitalize the APAC market further. The company has also ventured into vertical integration by installing a high capacity PVC unit. The company is focused on developing bio-based plasticizers, along with DINP plasticizers, as the demand for environmental-friendly plasticizers has been increasing significantly worldwide.
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Eastman Chemical is the leading manufacturer of DINP plasticizers in the U.S. In order to meet its business strategy, the company recently restructured its existing products portfolio. The company focuses on the emerging European market, attending various exhibitions in the region to showcase its wide range of products. The company has expanded its product offerings by launching non-plasticizer products in Europe.
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Aekyung Petrochemical raised its annual capacity of its 2-ethylhexyl, which is the raw material for DOTP plasticizer and DINP plasticizer, in North America. This move completed the upward integration of the company.
The global DINP plasticizer market is driven mainly by the demand from APAC, which accounted for a 59% share of the global market in 2014. In Europe and North America, the demand for DINP plasticizers is increasing due to factors such as stringent regulatory policies and the increasing popularity of non-phthalates and bio-based phthalates. In Europe, major DOP plasticizer producers are switching to production of non-phthalate plasticizers such a DOTP, DINP, and DIDP plasticizers.
The major participants operating in the global DINP plasticizer market are UPC Technology Corporation (Taiwan), Nan Ya Corporation (Taiwan), Aekyung Petrochemical (Korea), Sandung Qilu (China), Eastman Chemical Company (U.S.), LG Chem (Korea), KLJ Group (India), and Guandong Chunda Chemical Industry (China).
