Dioctyl Phthalate Market: Overview
Dioctyl phthalate (DOP) is a colorless viscous liquid, which is non-soluble in water; however, it is soluble in oil. Its chemical names include phthalic acid, Bis (2-ethylhexyl) ester, and diethylhexyl phthalate (DEHP). These are manufactured by the reaction of 2-ethylhexonal with phthalic anhydride in the presence of catalyst sulfuric acid. Dioctyl phthalate is commonly used as a plasticizer and softening agent. It is also used as a solvent for manufacturing glow sticks.
Dioctyl Phthalate Market: Drivers & Restraints
Increase in usage of dioctyl phthalate in the plastic industry as a plasticizer is driving the global market. Dioctyl phthalate acts as a softening agent by increasing the flexibility of plastic. Majority of electronic gadgets, laptops, wires, and cables are made from plastic. This, in turn, is anticipated to drive the dioctyl phthalate market. Dioctyl phthalate and its derivatives can cause endocrine problems in males and can damage their fertility; therefore, France has banned its usage in pediatric and maternity wards in hospitals. Health problems caused due to dioctyl phthalate is likely to restrain the global dioctyl phthalate market. Dioctyl terephthalate, as a phthalate-free plasticizer, is projected to substitute for dioctyl phthalate. This, in turn, is expected to hamper the global dioctyl phthalate market.
Dioctyl Phthalate Market: Key Segments
Based on end-user, the dioctyl phthalate market can be divided into electrical & electronic, building & construction, medical, and others, which includes household, solvent in erasable inks, acaricide in orchards, pesticides, and packaging. Dioctyl phthalate is extensively employed in electrical & electronic due to its properties such as softening, stability against heat & ultraviolet light, as a polymeric coating on cables and wires to increase the elasticity of the product. Dioctyl phthalate is used in applications such as paints, lacquers, inks, adhesives, and sealants due to its heat resistance properties. In household products, dioctyl phthalate finds application in fabricating vinyl products such as vinyl upholstery, tablecloth, shower, curtain, raincoat, shoes, garden hoses, and swimming pools liners. In building & construction, dioctyl phthalate is used for flooring, wall covering, roofing, and others.
Dioctyl Phthalate Market: Regional Outlook
In terms of region, the global dioctyl phthalate market can be segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. Asia Pacific and Europe are anticipated to constitute major share of the global market during the forecast period. The market in both the regions is likely to expand at a rapid pace due to growth in population and cost effectiveness of plastic products. China and India, being highly populated countries and developing nations, are anticipated to account for large share of the global dioctyl phthalate market. Furthermore, in countries such as India, state governments have banned the usage of single-use disposable plastic products, as these block sewers & drains, and pollute the water bodies. Environmental pollution and adverse health effects are likely to restrain the global market of dioctyl phthalate in developing nation.
Dioctyl Phthalate Market: Key Players
Prominent players operating in the global dioctyl phthalate market include PURE CHEMICALS GROUP, LG Chem., AEKYUNG PETROCHEMICAL Co., Ltd, KLJ Group., EASTMAN CHEMICAL COMPANY AND ITS SUBSIDIARIES, and Hefei TNJ Chemical Industry Co., Ltd. These companies engage in research & development activities, strategic alliances, and mergers and acquisitions to gain market share.
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