Dioctyl Terephthalate Market to Touch Size of $1,864.7 Mn by 2023 :

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.


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.


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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