NEW YORK, Dec. 2, 2021 /PRNewswire/ -- In the dioctyl terephthalate market, some of the key vendors include AEKYUNG PETROCHEMICAL Co. Ltd. and Anhui Xiangfeng New Materials Co., Ltd. The dioctyl terephthalate market value is anticipated to grow by USD 451.63 mn from 2021 to 2026, progressing at a CAGR of 4.08%.
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The dioctyl terephthalate market is driven by factors such as the rising demand for resin and polymers, increasing demand for flexible PVC, and the rising construction activities. However, fluctuations in price of crude oil and polymers and stringent regulations on the use of phthalates plasticizers are hindering market growth.
Some of the companies covered in this report are 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.
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The competitive scenario provided in the dioctyl terephthalate market report examines, assesses, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, new product launches, product innovations, investments, growth in market share, etc.
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- By application, the market is classified into automotive, flexible PVC, flooring surfaces, gaskets, and others. The automotive segment contributes the highest share of the market.
- By geography, the market is classified into APAC, North America, Europe, South America, and MEA. APAC will have the largest share of the market during the forecast period.
This market forecast report by Technavio covers detailed information on the competitive intelligence, marketing gaps, and regional opportunities to support vendors in creating efficient business plans. According to our analysis, 68% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key countries for the dioctyl terephthalate market in the region. Moreover, the growth of the market in this region is expected to be faster than the growth of the market in other regions. The increased demand for plastic, polymers, and other chemical products will drive the dioctyl terephthalate market growth in APAC during the forecast period.
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Dioctyl Terephthalate Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.08%
Market growth 2022-2026
USD 451.63 million
YoY growth (%)
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 68%
Key consumer countries
China, US, Germany, India, and Japan
Leading companies, competitive strategies, consumer engagement scope
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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