Growing Landscape Of The Dioctyl Terephthalate (Dotp) In Asia Market Outlook: Ken Research
• According to the study, ‘Asia Dioctyl Terephthalate(Dotp) Industry Situation And Prospects Research Report’ some of the major companies which are currently functioning in this market includes Bluesail Chemical Group, Xiongye Chemical, Lingchuang Chemical, Xiangfeng Plastic, Kunshan Hefeng Chemical, Ningbo Kai Cheng, Anqing Shengfeng, Zhejiang Weibo Chemical, Jiangsu Lemon Chemical & Technology and others. All the major leading players in the dioctyl terephthalate industry has become hyper active and focusing more on the production and offering strong brands which result economical reliability. In addition, the report also containing the more information about the major key players such as company profile, production introduction, capacity, production, price, revenue, cost and gross margin 2012-2017 and other.
• Dioctyl terephthalate is commonly an organic compound and abbreviated DOTP with the formula C6H4(CO2C8H17)2. It is a nonphthalate plasticizer and a colorless viscous liquid used for softening PVC plastics is known for chemical similarity to general purpose phthalates such as DEHP and others but without any negative regulatory pressure. It is easily soluble in water and also has very good plasticizing properties and may be used as a direct replacement for ortho-phthalates in many applications. Moreover, with all this the classification is done differently in the market of Dicotyl terephthalate including content 96%, content 98%, content 99% and content 99.5%. The applications are also split in the market such as calendaring process resin, flexible PVC, flooring/interior surfaces, gaskets/hose/tubing and latex sealants. With the numerous applications the demand has increased positively in the recent years.
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Due to significant growth in this sector, many companies have also entered in this market with more efficiency and enhanced technology that is related to flexible PVC and flooring/interior surfaces. New innovations and development in the technology of flooring, interior surfaces, flexible PVC, increasing disposable incomes and end user application of the product are the key drivers to add more numbers of consumers and make the market further more beneficial for the investors and to make market more competitive in nature. Geographically, with the increase in the demand the leading players of Asia of the dioctyl terephthalate industry is spread across China, Japan, India, Korea, Saudi Arabia and other regions. However unsurprisingly, with all these regions the Asia-Pacific region is expected to grow even more in the coming years and expected to acquire the highest share in the market. Moreover, China has become a global leader in this industry. Asia-Pacific region has the largest production region of the dioctyl terephthalate and the import and export percent of this industry is very high. However, with the increase in the consumption degree will show a rapid rise curve in the demand of the product.
• In future, it is expected that further investment is going to cater in this field with more effective production of the product and improvement in the product making strategies and policies. Therefore, the demand for dioctyl terephthalate industry is anticipated to be high in next coming years. Although sales of dioctyl terephthalate has brought a lot of new opportunities in the market for new entrants. As the new investors are coming in this industry, the major key players are operating in the market very effectively and taking up new initiatives for the research and development with new technology. Therefore, the future of this industry is expected to witness a positive growth over the next few years.
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