Dioctyl Terephthalate Worth Around USD $1,864.7 million by with CAGR of 9.16% - Global Forecast Till 2027
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.
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.
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.
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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.
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.
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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