Dioctyl Phthalate Market Trends and Segments 2015-2021

Dioctyl Phthalate (DOP), also referred to as diethylhexyl phthalate (DEHP), is an organic compound with molecular formula C6H4(CO2C8H17)2. Dioctyl Phthalate, characterized by its high molecular weight, high boiling point and lower vapour pressure, is one of the most widely used general purpose plasticizers. It is synthesized by reaction of phthalic anhydride with an alcohol such as 2-ethyl hexanol.

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Plasticizers are those additives, which when added to a particular material, increase the flexibility and plasticity of the material rendering it easier to process and handle. These plasticizers, when added to the material, occupy the spaces in between the molecules of the material, increasing the distance between the molecules. This phenomenon results in the material becoming more flexible and resilient. DOP or Dioctyl Phthalate is one of the most widely used plasticizer across diverse applications such as for cables and wiring, films and sheet applications, in resins for medical devices, wall coverings and floorings among others.

Phthalates are the most commonly used plasticizers and as such global Dioctyl phthalate market is expected to witness a steady growth in revenue during the forecast period. The primary factors that are likely to drive the growth of Dioctyl phthalate market are the increase in demand from Dioctyl phthalate end use industries. The increasing demand from films and sheets industry, consumer goods, cables and wiring among others are expected to propel the global Dioctyl phthalate market during the forecast period. Moreover, increasing demand from developing regions of the globe especially from the countries in Asia Pacific is expected to further drive the growth of global Dioctyl phthalate market over the forecast period. Also, cost effectiveness of Dioctyl phthalate is another factor that is likely to result in preference for its use as plasticizer. However, the use of Dioctyl phthalate in certain applications such as in those which involve contact with food and others such as in medical devices is witnessing substitution by non phthalate plasticizers, this is expected to act as an impediment to the growth of global Dioctyl phthalate market during the forecast period.

On the basis of end use industries, global Dioctyl Phthalate market can be segmented into following key market segments:

Film & Sheet
Cable and Wiring
Consumer goods
Medical Applications
Wall Coverings & Flooring
Others
On the basis of geographic regions, global Dioctyl Phthalate market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa.

The demand for Dioctyl phthalate is expected to be driven by Asia Pacific region which is expected to register a steady robust single digit compound annual growth rate (CAGR) during the forecast period. The growth of Dioctyl phthalate market in Asia Pacific region is expected to be driven majorly by the growing demand for Dioctyl phthalate from China.

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Some of the identified major players operating in the global Dioctyl Phthalate market are as follows:

LG Chem Ltd.
Eastman Chemical Company
Sinopec Jinling Petrochemical Co.,Ltd
Hefei TNJ Chemical Industry Co., Ltd.
UPC Technology Corp.

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This release was published on openPR.