Dioctyl Maleate (DOM) Market to grow at a CAGR of 4.5% during 2024-2028
The Dioctyl Maleate (DOM) Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 66.6 million. The plastic manufacturing sector has seen a significant shift towards more sustainable practices, with the adoption of eco-friendly and non-phthalate plasticizers gaining momentum. As a key raw material in the production of plasticizers and solvents, di-2-ethylhexyl maleate (DOM) holds immense potential in this regard. With increasing concerns over the environmental impact of petroleum-based plasticizers, particularly phthalates, which dominate the global plastic manufacturing industry, DOM presents a viable alternative. Consequently, the burgeoning demand for DOM plasticizers in the plastic industry is expected to fuel the growth of the global DOM market in the forecast period.
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Technavio analysts predict that the Surfactant subsegment will lead the Application segment during 2024 and 2028 As a business professional, I'm pleased to provide insights into the current market landscape for Dioctyl Maleate (DOM). This organic compound is a significant player in various industries, including plastics, cosmetics, and pharmaceuticals. The global DOM market is experiencing steady growth, driven by increasing demand for its applications in plasticizers, lubricants, and emulsifiers. Key market trends include rising consumer awareness for eco-friendly products and the ongoing research for new applications. Companies are focusing on innovation and sustainability to gain a competitive edge in this dynamic market.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish high usage of dom in cosmetics and personal care industry
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Dioctyl Maleate (DOM), also known as Dibutyl Maleate, is a versatile ester derived from Maleic Anhydride and 2-Ethylhexanol. It is a colorless to light yellow liquid with a mild odor and is widely used as a plasticizer, solvent, and chemical intermediate in various industries. In the construction industry, DOM is employed as an additive in adhesives, coatings, and paints due to its excellent adhesion properties and resistance to heat and water. In the personal care industry, it is used as an esterification catalyst in the production of Dioctyl Adipate and Dioctyl Phthalate, which are common plasticizers in skin care cosmetics, moisturizers, and cosmetics. Moreover, DOM is used in the production of heat-resistant fabrics and waterproof apparel as a textile coating. It also finds applications in inks, detergents, wetting agents, and surfactants. DOSS Surfactants, a leading supplier of DOM, uses it as a chemical intermediate and additive in various surfactant applications. The market for DOM is developing rapidly, driven by the increasing demand for construction activities and the growing demand for personal care products. The demand for succinic acid derivatives in organic synthesis is also expected to boost the growth of the DOM market in the coming years.
The global commodity chemicals market encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. This market excludes chemical companies specializing in diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio, the market size is determined by the collective revenue generated by manufacturers of industrial and basic chemicals. Key growth drivers for the commodity chemicals market include the expanding demand for plastic packaging, driven by the increasing preference for lightweight, corrosion-resistant materials, and continuous innovation in the industry.
The Dioctyl Maleate (DOM) Market is experiencing significant growth, fueled by the high usage of dom in cosmetics and personal care industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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