Dioctyl Terephthalate Market to See 6.2% Annual Growth Through 2023
Industry Boosted by Phthalate Regulations
July 03, 2019
WELLESLEY, Mass., July 03, 2019–Growth across end user industries, increased research and harsh regulations against phthalates are several factors which drive growth of the global Dioctyl Terephthalate market, according to a report by BCC Research, “Dioctyl Terephthalate and Emerging Alternatives.”
The market expects to see a compound annual growth rate (CAGR) of 6.2% through 2023, when it could be worth $1.5 billion.
Major players in the market include BASF (BASFY), ExxonMobil Chemical (XOM), Eastman Chemical Co. (EMN) and Hallstar.
Research Highlights
- The wire and cable market should grow from $218 million in 2018 to $301 million by 2023 with a CAGR of 6.7%.
- The film and sheet market should grow from $187 million in 2018 to $254 million by 2023 with a CAGR of 6.3%.
- The consumer goods market should grow from $181 million in 2018 to $247 million by 2023 with a CAGR of 6.4%.
Read the full report here: https://www.bccresearch.com/market-research/chemicals/dioctyl-terephthalate-and-emerging-alternatives-market-report.html
“The plasticizer industry is a highly regulated industry with strict regulations persisting to the use of compounds,” writes BCC Research analyst Bhavna Joshi. “To moderate the harmful effects of the phthalates on the humans and the environment, governments legislate maximum permission limits for a multitude of compounds. The Phthalates such as DEHP and BBP are considered human carcinogenic and hence the use of these plasticizers have been restricted.”
The Dominance of Asia-Pacific
The report adds that Asia-Pacific is expected to dominate the global DOTP and emerging alternatives market. High infrastructural investments along with the region’s dominant position in plastic, automobile and electronic production are key factors. The European market is expected to exhibit modest growth over the forecast period. Strict REACH regulations on phthalate use in consumer goods and others should boost market growth.
Editors/reporters requesting analyst interviews should contact Sarah Greenberg at press@bccresearch.com.
Dioctyl Terephthalate and Emerging Alternatives( CHM122A )
Publish Date: Jun 2019
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.
BCC Library Membership Benefits
Unlimited Access to Market Research Reports for Academic Institutions and Corporations.
Custom Research
Tailored solutions across industries for your unique business needs.
More in Chemicals
- BCC Research Projects 5% CAGR for Global Polyester Resin Market Through 2029
- Chemicals for Cosmetics & Toiletries to Reach $35.0 Billion by 2029: Global Market Trends
- Global Adhesives and Adhesive-Applying Equipment Market Poised for Steady Growth at 4.5% CAGR
- Technical Textiles Market to Reach $284 Billion by 2029
- Green Solvents: Revolutionizing Industries, Shaping a Sustainable Future
Reports from Chemicals
Recent News
- 2024 Packaging Research Review: Trends That Will Shape the Future
- Global Bioplastics Market Accelerates Toward 5,634.6 Kilotons by 2029
- High-Performance Ceramic Coatings Market to Reach $13.9 billion by 2029
- Roll-to-Roll Technologies for Flexible Devices Set to Grow at 11.5% CAGR
- Aerospace Materials Industry on the Rise: Forecasted to Reach $42.9 Billion by 2029