Dioctyl terephthalate is generally abbreviated as DOTP or DEHT. It is also called bis-2-ethylhexyl-benzene-1,4-dicarboxylate, or Di-2-ethylhexyl-terephthalate. Dioctyl terephthalate is an organic compound with the molecular formula C6H4(CO2C8H17)2. It is the diester of terephthalic acid and is broadly used as non-phthalate plasticizer. Dioctyl terephthalate possesses properties such as high thermal resistance, high transparency, and excellent durability. It is colorless viscous liquid used for softening polyvinyl chloride plastics. Dioctyl terephthalate offers good plasticizing properties. It can be used as direct replacement for DEHP and DINP in many applications. Rise in government support to replace phthalates with more environmentally and organically viable alternatives is expected to drive the global dioctyl terephthalate market during the forecast period. Biodegradation of dioctyl terephthalate by Rhodococcus rhodochrous bacteria in the presence of carbon sources such as hexadecane releases significant quantities of 2-ethylhexanoic acid. Commercial production of 2-ethylhexanoic acid is expensive. Thus, the DOTP method is more popularly used. 2-ethylhexanoic acid is employed as automotive coolant, synthetic lubricant, wetting agent, and defoaming agent in pesticides. The safer, toxicologically harmless dioctyl terephthalate is thus likely to take their place in the increasingly lucrative consumer goods and plastics markets in the near future. Rise in demand for phthalate alternatives is estimated to boost the global dioctyl terephthalate market during the forecast period.
Global Dioctyl Terephthalate Market: Segmentation
The global dioctyl terephthalate market can be segmented based on type, application, and region. In terms of type, the dioctyl terephthalate market can be classified into dioctyl terephthalate-95%, dioctyl terephthalate-97%, and dioctyl terephthalate-99%. The dioctyl terephthalate-99% segment is projected to expand at a fast pace during the forecast period. Dioctyl terephthalate-99% is highly pure and non-corrosive. It is used in flooring and medical devices applications. This is a key factor anticipated to propel the dioctyl terephthalate market during the forecast period.
In terms of application, the dioctyl terephthalate market can be divided into consumer goods, films and sheets, coated fabrics, flooring, medical devices, wires and cables, gaskets, automotive parts, and others. The films and sheets segment is projected to expand at a substantial pace during the forecast period. These films are biodegradable and recyclable, and are used for agriculture purposes in greenhouse, mulching, silage, tunnel, and poly-pipe applications. This is anticipated to augment the demand for dioctyl terephthalate during the forecast period.
Global Dioctyl Terephthalate Market: Regional Outlook
In terms of region, the dioctyl terephthalate market can be split into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Asia Pacific is expected to be the leading region of the global dioctyl terephthalate market during the forecast period. Rise in demand for organic products such as dioctyl terephthalate in countries such as India and China is prominent factor projected to drive the demand for dioctyl terephthalate. North America and Europe was adopted dioctyl terephthalate market many years ago. Demand for dioctyl terephthalate is moderate in countries in these regions compared to those in other regions. This is expected to hamper the demand for dioctyl terephthalate in North America and Europe.
Global Dioctyl Terephthalate Market: Key Players
The global dioctyl terephthalate market is fragmented. Large numbers of companies operate at the global and regional level. Major companies include Nan Ya Plastics Corporation, Penta Manufacturing Company, Merck KGaA, BASF SE, Hanwha Chemical Corporation, Grupa Azoty, Meltem Kimya Tekstil San., Eastman Chemical Company, Shandong Blue Sail Chemical Co. Ltd., Hallstar, and OXEA GmbH.
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:
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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:
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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?
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7. Which government regulations might challenge the status of key regional markets?
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