H1 2023: Dioctyl Phthalate (DOP)’s prices remained volatile in Asia Pacific region in H1 2023. Dioctyl phthalate (DOP) prices seemed to exhibit a fluctuating trend in China, peaking in the middle of February and then falling again. The Chinese phthalic anhydride production sites had run steadily in January. The price increased in mid-February 2023 in China influenced by an increase in phthalic anhydride feedstock together with a surge in replenishment following the Spring Festival of China. Nonetheless, downstream procurement remained robust in Feb and the plasticizer producers experienced bullish behaviour which then turned pessimistic in March 2023. However, April onwards, price of DOP decreased in both China and India. These countries saw a significant reduction in the use of DOP as PVC in the construction sector. Weak buying sentiment among consumers caused prices to decline even more as a result of the downstream plastic industry's dampened DOP demand in the Chinese market. Prices continued to decline as a result of low buying sentiment among consumers and the downsized demand from the plastics industry. Furthermore, the price trend was further supported by strong inventories. As a result, the dealers were under pressure to sell their goods, which ultimately caused the DOP price decline in the Chinese market.
The global Dioctyl Phthalate (DOP) market stood at approximately 1200 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.1% during the forecast period until 2032.
Dioctyl phthalate (DOP) is used to make flexible polyvinyl chloride (PVC) plastic. Dioctyl phthalate is one of the commonly employed plasticizers in PVC. DOP is a versatile plasticizer that has been a longstanding industry standard. It is renowned for its broad compatibility with PVC resins and strong stability against heat and UV radiation. Dioctyl Phthalate finds application in hydraulic and dielectric fluids as well. It is known that phthalic anhydride and 2-ethyl hexanol are used in the production of dioctyl phthalate (DOP). Dioctyl Phthalate (DOP) is mainly used as a plasticizer for plastics which further finds use in a wide range of end applications, such as consumer goods, flooring and wall coverings, wires and cables, films and sheets, and medical products. PVC resin is used in order to create flexible PVC products like films, cables, faux leather, and flooring materials,
The increase in the use of dioctyl phthalate as a plasticizer in the plastics sector is one of the main factors anticipated to propel the growth of the dioctyl phthalate market during the forecast period. Moreover, dioctyl phthalate softens plastic by increasing its pliability, which is expected to fuel the dioctyl phthalate market's expansion. Furthermore, it is anticipated that the fact that most electronic devices, wires, and cables are composed of plastic would restrain the expansion of the dioctyl phthalate industry. Furthermore, the expanding population and the rising demand of PVC-based goods will most likely create further potential prospects for the dioctyl phthalate market in the upcoming years. The demand for flexible PVC goods is anticipated to be driven by rising rates of industrialization, urbanization, and infrastructure development in emerging nations. The market is also expanding as a result of expanding construction activity and increased disposable incomes. The global Dioctyl Phthalate (DOP) market is anticipated to touch roughly 1800 thousand tonnes by 2032.
Geographically, Asia Pacific region is the leading consumer of DOP and is likely to maintain this position in the coming years. Over the forecast period, Asia Pacific is anticipated to grow at one of the fastest rates among other regional markets. Moreover, the expenditure on plastic items would support the dioctyl phthalate market's expansion in the region. China is the world's largest producer and exporter of polyvinyl chloride (PVC) which makes China the leading consumer of DOP on a global scale. Also, the dioctyl phthalate market in Europe and North America is expected to expand significantly due to the presence of several key players in the region.
Based on the end-user industry, the global Dioctyl Phthalate (DOP) market is segmented into Film & Sheet, Cable & Wiring, Consumer Goods, Medical Applications, and Others. Among these, Film & Sheet is the major segment and held about 25% of the global Dioctyl Phthalate (DOP) market in 2022. Blood storage bags and medical tubing can both be made with PVC which is made using DOP.
Major players in the Global Dioctyl Phthalate (DOP) market are BASF, UPC Group, Bluesail, Nan Ya Plastics, Eastman, Sinopec Jinling, SABIC, LG Chem, Perstorp, Mitsubishi Chemical, Hongxin Chemical, Hanwha Chemical, Anqing Sheng Feng Chemical, Guangdong Rongtai, Zhejiang Jianye Chemical, Aekyung Petrochemical, and Kaifeng Jiuhong Chemical.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Dioctyl Phthalate (DOP) which covers production, demand and supply of Dioctyl Phthalate (DOP) market in the globe.
• To analyse and forecast the market size of Dioctyl Phthalate (DOP)
• To classify and forecast Global Dioctyl Phthalate (DOP) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Dioctyl Phthalate (DOP) market in the globe.
To extract data for Global Dioctyl Phthalate (DOP) market, primary research surveys were conducted with Dioctyl Phthalate (DOP) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Dioctyl Phthalate (DOP) market over the coming years.
ChemAnalyst calculated Dioctyl Phthalate (DOP) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Dioctyl Phthalate (DOP). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Dioctyl Phthalate (DOP) manufacturers and other stakeholders
• Organizations, forums and alliances related to Dioctyl Phthalate (DOP) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Dioctyl Phthalate (DOP) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Dioctyl Phthalate (DOP) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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1200 thousand tonnes
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Market size Volume in 2032
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1800 thousand tonnes
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Growth Rate
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CAGR of 4.1% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
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Segments covered
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By End-Use: (Film & Sheet, Cable & Wiring, Consumer Goods, Medical Applications, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com