WiseGuyReports.Com Publish a New Market Research Report On –“ Dioctyl Terephthalate Market 2019 Major Manufacturers Analysis And Industrial Applications Forecasts to 2023”.
Dioctyl Terephthalate Industry 2019
Dioctyl terephthalate (DOTP) is a type of phthalate-free plasticizer that is considered safer than low-chain and ortho-plasticizers due to its excellent toxicological profile. It is colorless and viscous with good plasticizing properties and is, therefore, used as direct replacement for dioctyl phthalate (DOP) and diisononyl phthalate (DINP). Additionally, it also has functional attributes such as thermal resistance, excellent durability, and high transparency.
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The global dioctyl terephthalate (DOTP) market was valued at USD 1,108.5 million in 2017 and is projected to reach USD 1,864.7 million by the end of the assessment period at a CAGR of 9.16%. In terms of volume, the global market was valued at 640.6 kilotons in 2017 and is estimated to exhibit a CAGR of 8.22% during the forecast period of 2018 to 2023. The growth of the global dioctyl terephthalate (DOTP) market is driven by rising demand for non-phthalate plasticizers in the production of polyvinyl chloride (PVC). It enhances the plasticity and viscosity of PVC and is ideal for application in the construction and automotive industries. PVC properties such as resistant to moisture and abrasion, non-flammability, dimensional stability, and low cost make it ideal for application in wires & cables, as well as plumbing and flooring. Rapid urbanization has fueled the demand in building and construction industry, as rising residential and non-residential construction projects across the globe have led to an increased demand for PVC. The market is also driven by the stringent regulations imposed on the use of phthalate plasticizers by the EU and the US EPA. The production of 2-ethylhexanoic acid as an intermediate during the biodegradation of DOTP, which can be used as automotive coolant, synthetic lubricant, wetting agent, co-solvent, and defoaming agent in pesticides, is expected to offer lucrative opportunities to the manufacturers in this market. However, high cost of DOTP is a major factor restraining the market growth during the review period.
The global dioctyl terephthalate (DOTP) market by region is segmented into Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific held the largest market share of 37.8% in 2017, owing to rapid industrialization and infrastructural development activities along with the high production and sales of electrical & electronics products in the region. Moreover, the regional market is driven by the government investments in the development of the region. For instance, the implementation of Net Zero Imports by the Indian Government with a target of reducing the imports of electronics in India, is likely to fuel the demand for DOTP in the electronics manufacturing. It is projected to register a CAGR of 8.45% to be valued at USD 677.6 million by the end of forecast period.
European market emerged as the fastest growing region; registering a CAGR of 10.24% during the review period. It was valued at USD 336.0 million in 2017 and is expected to reach USD 599.8 million by 2023. The growth of the regional market is attributed to the high expenditure on pharmaceuticals industry as well as the high production and sale of electronic devices such as smart phones, laptops, and digital cameras.
The global dioctyl terephthalate (DOTP) market has been categorized based on product, application, and region. On the basis of product, the global market has been segmented into content 99.5%, content 99%, content 98%, and content 96%. Among these, the content 99.5% dominated the market with a value of USD 465.0 million in 2017. By application, the global market has been divided into consumer goods, wire & cable, film & sheet, coated fabrics, flooring, coated fabrics, medical devices, automobile parts, and gaskets. The consumer goods segment was the leading segment in 2017, accounting for 24.3%. It is projected to register a CAGR of 10.52% during the assessment period.
Some of the leading players operating in the global dioctyl terephthalate (DOTP) market are BASF SE (Germany), Eastman Chemical Company (US), Merck KGaA (Germany), OXEA GmbH (Germany), Hanwha Chemical Corporation (South Korea), Penta Manufacturing Company (US), Meltem Kimya Tekstil San. İth. İhr. Ve Tic. A.Ş (Turkey), Shandong Blue Sail Chemical Co., Ltd (China), Hallstar (US), NAN YA PLASTICS CORPORATION (Taiwan), and Grupa Azoty (Poland).
Table Of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.2.1 Compatibility of DOTP with PVC
5.2.2 Regulations on the Use of Phthalate Plasticizers
5.3.1 High Cost of DOTP
5.4.1 Production of 2-Ethylhexanoic Acid during the Biodegradation of DOTP
5.5.1 Availability of Chemical Alternatives to DOTP
6 Market Factor Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Material Suppliers
6.1.2 DOTP Manufacturers
6.1.4 End-Use Applications
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.3 Threat of Substitutes
6.2.4 Bargaining Power of Suppliers
6.2.5 Bargaining Power of Buyers
7 Market Price Analysis 2013-2018
8 Global Dioctyl Terephthalate (DOTP) Market, by Product Type
8.2 Content 99.5%
8.3 Content 99%
8.4 Content 98%
8.5 Content 96%
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