Dioctyl Terephthalate Market Overview:
The global dioctyl terephthalate
market, during the forecast period 2018 to 2023, will register growth at a CAGR
of 9.16%. The market for dioctyl terephthalate is set to reach US$1,864.7
million by 2023. As per dioctyl terephthalate market analysts, the global
market is anticipated to witness growth owing to the factors such as the wide
use as a non-phthalate plasticizer as well as toxicological profile. However,
the dioctyl terephthalate market will face challenges and restraints due to
concerns regarding impact on health and the availability of substitutes during
the forecast period 2018 to 2023.
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The growing regulatory support to
replacing phthalates in the dioctyl terephthalate market is set to play a key
role in determining the growth potential during 2018 to 2023 years. Analysts
have also studied the dioctyl terephthalate market to understand potential
threats and challenges the dioctyl terephthalate market companies could face.
Although the dioctyl terephthalate market is poised to grow at a fast pace
across applications and type segments, factors such as strict regulations could
slow down the dioctyl terephthalate market's growth worldwide.
Market Segmentation
The dioctyl terephthalate market
has been segmented into applications and type. Based on the segment which is
type, the market is categorized on the basis of content 96%, content 98%,
content 99%, and content 99.5%. The global market for dioctyl terephthalate is
further segmented based on applications in automotive parts, coated fabrics,
film & sheet, flooring, gaskets, medical devices, wire & cable,
consumer goods, others.
The global dioctyl terephthalate
market research report covers all the aspects of the dioctyl terephthalate
market based on the segmental analysis of these applications and type segments.
Analysts have also studied the global dioctyl terephthalate market's regional
markets spread across many continents and countries. The applications and type
segments along with their sub-segments have been analyzed and companies
functioning in the dioctyl terephthalate market across these segments are
profiled and analyzed based on input and feedback from dioctyl terephthalate
market based decision makers as well as primary and secondary sources. The
dioctyl terephthalate market research report presents analysis based
information for companies functioning in the dioctyl terephthalate market.
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Regional Overview
Strict rules and regulations
being imposed in many parts of the world may hinder the dioctyl terephthalate
market growth. The market research report suggests that companies in the
dioctyl terephthalate market could be supported by the growing regulatory
support as well as high transparency and excellent durability during the
forecast period. The dioctyl terephthalate market is set to register growth at
a high CAGR owing to these key factors. The dioctyl terephthalate market is
spread across North America, Europe, Asia-Pacific, and other parts of the
world. The global dioctyl terephthalate market research report reveals that
APAC, North America, and Europe regional dioctyl terephthalate markets will
dominate the global market for dioctyl terephthalate during the forecast period
2018 to 2023. As per dioctyl terephthalate market analysts, the market is set
to witness tremendous growth across medical devices and films and sheets
segments in North America which covers dioctyl terephthalate markets across the
United States, Canada, Mexico and several other regional markets. Companies
active in the dioctyl terephthalate market are also analyzed and studied in the
dioctyl terephthalate market research report.
The dioctyl terephthalate market
for Europe covers smaller market segments of Germany, Italy, France, and the
United Kingdom. Additionally, the dioctyl
terephthalate market research report covers the Asia-Pacific region
covering dioctyl terephthalate markets from India, China, Japan, Australia, and
others. The dioctyl terephthalate market is also spread across the rest of the
world. The dioctyl terephthalate market report covers all such regions
including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Dioctyl terephthalate has seen
increased demand over the years, due to macroeconomic and microeconomic
factors and the demand for alternatives. Companies functioning in the
global dioctyl terephthalate market are also being challenged due to concerns
related to human health and environement and unfavorable policies. Mergers and
acquisitions by dioctyl terephthalate market companies are anticipated to help
the market during the forecast period 2018 to 2023. As the dioctyl
terephthalate market is set to register a high CAGR of 9.16% and is also
anticipated to reach a US$1,864.7 million by 2023, the report highlights key areas
companies need to focus on. The report suggests that the dioctyl terephthalate
market will see a healthy growth in the long run till 2023. Based on SWOT
analysis and dioctyl terephthalate market’s analysis based on Porters’ Five
Force Model presented in the dioctyl terephthalate market report. Mergers and
acquisitions by dioctyl terephthalate market companies are anticipated to help
the market during the forecast period 2018 to 2023.
Industry News
Oxea, a multinational chemical
corporation, has established a partnership with a German partner to manufacture
dioctyl terephthalate (DOTP), a non-ortho-phthalate plasticizer, in Europe.
Oxea will begin offering 60,000 metric tonnes of DOTP in 2019. The partner will
construct a modular DOTP development unit at its manufacturing facility in
Germany for this project with Oxea. Oxea will have the primary precursor
2-ethylhexanol (2-EH) and sell the finished product DOTP through its own
networks. Dioctyl terephthalate is a phthalate-free plasticizer that complies
with the most stringent environmental standards.
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