Dioctyl Terephthalate Price Trend

Dioctyl Terephthalate Prices December 2023

The dioctyl terephthalate prices in the USA for Q4 2023 reached 2,095 USD/MT in December. The market faced instability due to fluctuating raw material costs, which affected production expenses. Additionally, export challenges and supply chain issues created further pressure.  

The price trend for dioctyl terephthalate in China for Q4 2023, reached 1,726 USD/MT in December. The market saw a surge in prices driven by increased demand from downstream plasticizer industries and strong export orders. By the end month of the quarter, the market experienced a downturn as demand began to stabilize.

Dioctyl Terephthalate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Dioctyl Terephthalate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of dioctyl terephthalate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of dioctyl terephthalate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of dioctyl terephthalate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing dioctyl terephthalate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Dioctyl Terephthalate Market Analysis

The global dioctyl terephthalate market size reached US$ 3.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.19 Billion, at a projected CAGR of 4.80% during 2023-2032.

• The medical and healthcare sector utilizes dioctyl terephthalate (DOTP) for producing durable medical devices and packaging. Its non-toxic nature makes it a safer choice compared to traditional phthalate plasticizers, reducing the risks to health. Intravenous (IV) containers, flexible tubing, blood bags, and other equipment that must adhere to stringent safety and hygienic regulations all employ DOTP. The IMARC Group reported that the worldwide blood bags market reached a worth of US$ 289.4 million in 2023.
• DOTP is highly valued in the automotive industry for its exceptional ability to plasticize and resist heat, which is essential in producing durable, flexible materials. It is essential for manufacturing interior trimmings, dashboard coverings, seat upholstery, and wire and cable insulation. Its ability to enhance the flexibility and durability of these materials improves their ability to withstand wear and tear, extreme temperatures, and mechanical stresses. This type of longevity ensures that automobile components continue to perform and look appealing for prolonged periods, even under difficult circumstances. In addition, passenger safety is ensured by the non-toxic nature of DOTP, which meets the strict safety standards required by the automotive industry. Through the utilization of DOTP, manufacturers can create automotive components that are of excellent quality, dependable, and secure, thereby enhancing both the safety and efficiency of vehicles as a whole. The increasing production of automobiles due to inflating disposable incomes is driving the demand for DOTP for creating various components. According to the European Automobile Manufacturers Association (ACEA) Economic and Market Report, there was a substantial increase in global car production in 2023, with around 76 million units produced, showing a 10.2% rise from the year before.
• DOTP is a crucial element utilized in wall coverings, roofing membranes, flooring materials, and synthetic leather in the construction sector. Its excellent plasticizing efficiency and durability makes it suitable for materials that need to endure frequent use and external elements such as humidity and changes in temperature. Its ability to withstand extraction by water and detergents, along with its low volatility, helps to ensure the longevity and upkeep of construction materials, keeping them effective and long-lasting for extended periods. This makes DOTP an essential element in improving the function and durability of multiple building items.
• DOTP is employed in the packaging sector to create flexible and long-lasting packaging products. Its lack of toxicity makes it particularly beneficial for food packaging, guaranteeing the safety of food items. DOTP gives packaging films the required strength and flexibility to safeguard and maintain the contents effectively. Its ability to withstand oils, fats, and other common food product chemicals makes it an excellent option for food packaging purposes.

Dioctyl Terephthalate News

The report covers the latest developments, updates, and trends impacting the global dioctyl terephthalate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in dioctyl terephthalate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the dioctyl terephthalate price trend.

Latest developments in the dioctyl terephthalate industry:

• March 2024: Eastman Chemical Company revealed plans for a $1.3 billion enlargement of its Longview, Texas plant. It is anticipated that the expansion would help generate 204 positions.

Product Description

Dioctyl terephthalate (DOTP) is a transparent, orderless liquid mainly employed as a plasticizer. It is a non-phthalate plasticizer produced by reacting terephthalic acid with 2-ethylhexanol through acid or base catalysis.

DOTP is a more secure choice in comparison to traditional phthalate plasticizers, which have been associated with numerous health risks. It provides great plasticizing efficiency, giving polyvinyl chloride (PVC) products flexibility, durability, and resilience. It is less likely to leach into the environment compared to phthalate plasticizers, decreasing the risk of soil and water contamination. Its great ability to plasticize can result in reduced costs in production processes.

DOTP is utilized in the production of resilient and flexible cables and wires, offering superior electrical insulation and stability. It is utilized in making automotive parts such as dashboards, door panels, and upholstery, where flexibility and resilience are essential. It can also be discovered in a range of items like toys, garden hoses, and food packaging because of its safe characteristics.

Regional Coverage

The report provides a detailed analysis of the dioctyl terephthalate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the dioctyl terephthalate price trend.

Global Dioctyl Terephthalate Price

The report offers a holistic view of the global dioctyl terephthalate pricing trends in the form of dioctyl terephthalate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into dioctyl terephthalate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into dioctyl terephthalate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed dioctyl terephthalate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Dioctyl Terephthalate Price

The market faced downward pressure, primarily due to a drop in feedstock 2-ethyl hexanol prices. This decline was further exacerbated by lowered demand from consumers and heightened borrowing costs. Fluctuations in monthly production rates, coupled with increased energy costs, played a significant role in maintaining a delicate balance in supply and demand, preventing a more significant decline in prices. Despite these challenges, the market managed to stabilize without any dramatic price fluctuations, reflecting the complexity of the market.

This analysis can be extended to include detailed dioctyl terephthalate price information for a comprehensive list of countries.

North America Dioctyl Terephthalate Price

The North American market faced numerous hurdles, mainly stemming from domestic factors. The constant fluctuation in raw material costs caused an imbalance in production expenses, leading to instability in the market. In addition, export challenges, along with supply chain disruptions, further pressured the industry. Despite these issues, by the end of the year, prices managed to remain above average, supported by consistent demand from downstream sectors, showcasing the resilience amid uncertainty in the regional market.

Specific dioctyl terephthalate historical data within the United States and Canada can also be provided.

Middle East and Africa Dioctyl Terephthalate Price

The report explores the dioctyl terephthalate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on dioctyl terephthalate prices for countries can also be provided.

Asia Pacific Dioctyl Terephthalate Price

The region gained positive traction in Q4 of 2023, with rising prices reflecting increased activity in downstream plasticizer sectors. This surge was driven by a significant uptick in demand, leading to higher offtakes and orders from overseas. However, the market experienced disruption as manufacturers did not align production rates with increasing demand, creating a supply-demand gap. This imbalance allowed traders to elevate their prices. By the fourth quarter, the market witnessed a gradual decline in prices because of stabilizing demand and production adjustments.

This dioctyl terephthalate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Dioctyl Terephthalate Price

The analysis of dioctyl terephthalate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of dioctyl terephthalate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting dioctyl terephthalate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The dioctyl terephthalate price charts ensure our clients remain at the forefront of the industry.