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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.