The dioctyl terephthalate market share is expected to increase by USD 451.63 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.08%.

This dioctyl terephthalate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (automotive, flexible PVC, flooring surfaces, gaskets, and others) and geography (APAC, North America, Europe, South America, and MEA). The dioctyl terephthalate market report also offers information on several market vendors, including AEKYUNG PETROCHEMICAL Co. Ltd., Anhui Xiangfeng New Materials Co., Ltd., BASF SE, Bluesail Group Co., Ltd., Eastman Chemical Co., Grupa Azoty SA, Hanwha Corp., Jiangsu Raymond New Material Co., Ltd., Nan Ya Plastics Corp., and UPC Technology Corp. among others.

What will the Dioctyl Terephthalate Market Size be During the Forecast Period?

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Dioctyl Terephthalate Market: Key Drivers and Trends

The rising demand for resin and polymers is notably driving the dioctyl terephthalate market growth, although factors such as fluctuations in the price of crude oil and polymers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dioctyl terephthalate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Dioctyl Terephthalate Market Driver

One of the key factors driving growth in the dioctyl terephthalate market is the risings demand for resin and polymers. The consumption of dioctyl terephthalate has increased in the resins and polymers industry due to its superior properties. Dioctyl terephthalate is widely used as a plasticizer during the production of PVC. The growing demand for plastics and polymers from the automotive industry, rising disposable income, increase in the number of infrastructure projects, growing demand from emerging markets such as China and India, and technological advances are supporting the market growth. The growth in the demand for plastics and polymers will generate high demand for dioctyl terephthalate, which, in turn, will boost the growth of the dioctyl terephthalate market during the forecast period.

Key Dioctyl Terephthalate Market Challenge

The fluctuations in the price of crude oil and polymers will be a major challenge for the dioctyl terephthalate market vendors in the coming years. The cost of polymer across the world has declined in recent years due to low energy and feedstock costs. The increasing price of crude oil can adversely affect raw material manufacturers and end-users of polymers. The decline in polymer price boosts the bulk polymer price purchasing behavior of manufacturers. The frequent fluctuations in polymer price can be a threat for dioctyl terephthalate manufacturers as the lower polymer price will reduce the price of end-products. The reduction in end-product price, in turn, will reduce the revenue for the manufacturers.

This dioctyl terephthalate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Dioctyl Terephthalate Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• AEKYUNG PETROCHEMICAL Co. Ltd.
• Anhui Xiangfeng New Materials Co., Ltd.
• BASF SE
• Bluesail Group Co., Ltd.
• Eastman Chemical Co.
• Grupa Azoty SA
• Hanwha Corp.
• Jiangsu Raymond New Material Co., Ltd.
• Nan Ya Plastics Corp.
• UPC Technology Corp.

This statistical study of the dioctyl terephthalate market encompasses successful business strategies deployed by the key vendors. The dioctyl terephthalate market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The dioctyl terephthalate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Dioctyl Terephthalate Market?

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68% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for dioctyl terephthalate in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increased demand for plastic, polymers, and other chemical products will facilitate the dioctyl terephthalate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Dioctyl Terephthalate Market?

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The dioctyl terephthalate market share growth by the automotive segment will be significant during the forecast period. High-performance polymers are widely preferred for automotive applications, where process temperatures exceed the limits of engineering and commodity polymers, such as polyvinyl chloride (PVC), polyethylene (PE), and others. The demand for engineering plastics is expected to increase in the automotive industry, owing to the increased awareness for vehicle weight reduction and related improvements in fuel efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the dioctyl terephthalate market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Dioctyl Terephthalate Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive dioctyl terephthalate market growth during the next five years
• Precise estimation of the dioctyl terephthalate market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the dioctyl terephthalate industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of dioctyl terephthalate market vendors

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