Dioctyl Maleate Market Size, Share, Trends & Report 2023
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Dioctyl Maleate Market Size, Share, Trends & Report 2023

May 30, 2023

Dioctyl maleate (DOM) is a chemical compound that belongs to the class of esters and is derived from the reaction between maleic anhydride and 2-ethylhexanol. It is a clear, colorless pale yellow liquid with a characteristic odor. It is not soluble in water and soluble in organic solvents like alcohols, ethers, and hydrocarbons. It has the ability to enhance the flexibility and durability of polymers which makes it valuable in industries where flexible and long-lasting materials are needed. It also helps improve the adhesion of polymers to different substrates, which makes it useful in bonding and surface coating applications.

The global dioctyl maleate market size reached US$ 279.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 339.7 Million by 2028, exhibiting a growth rate (CAGR) of 3.12% during 2023-2028.

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The increasing use of DOM in the formulation of adhesives and sealants to improve adhesion properties and the performance of these products in various industry verticals represents one of the primary factors fueling the market growth around the world. Moreover, the rising adoption of DOM as an additive in lubricants to improve their performance, such as reducing friction and wear and extending the life of machinery, is contributing to the market growth. Apart from this, the growing utilization of DOM in the paper and textile industries to improve the water resistance, flexibility, and strength of paper and textile materials is influencing the market positively.

Top Key Players covered in this report are: Biesterfeld AG, Celanese Corporation, ESIM Chemicals, Hallstar Company, Hangzhou Qianyang Technology Co. Ltd., Henan GP Chemicals Co. Ltd., Merck KGaA, Nayakem Organics Pvt. Ltd., Polynt S.p.A., TCI Chemicals (India) Pvt. Ltd. and Yuanli Chemical Group Co. Ltd.

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The report segmented the market on the basis of region, application and end user.

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