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    

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