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Growing demand for non-toxic and eco-friendly phthalate in plastic
processing and robust growth of building & construction industry to
boost global DOTP market through 2023

According to TechSci Research report,

Global DOTP Market


By Application, By Region, Competition Forecast & Opportunities,
2023

”, the global DOTP market is forecast to reach $2.1 billion by 2023, owing
to rising demand for PVC (Polyvinyl Chloride) and growing infrastructure
and construction activities across the globe. Moreover, increasingly
stringent environmental regulations are shifting consumer focus towards
adoption of ecofriendly plasticizers in order to protect environment. Thus,
rising shift towards the non-phthalate and bio-based plasticizers coupled
with escalating PVC consumption across the globe is expected to drive
global DOTP market over the coming years. DOTP finds major application in
building & construction sector owing to its high efficiency in
improving the fluidity/plasticity of the concrete. Also, growing number of
residential and commercial building projects along with rising end user
preference towards an ecofriendly and phthalate free alternative is further
fueling growth in the global DOTP market.


Browse 27 market data Table and 142 Figures spread through 163 Pages
and an in-depth TOC on

“Global DOTP Market”



https://www.techsciresearch.com/report/global-dotp-market/3669.html

Increasing efforts of DOTP manufacturers to capitalize on the growing
demand for non-phthalate plasticizers from numerous end use industries
across the international markets is resulting in expansion of DOTP
production capacities across the globe. For instance, Oxea entered into a
strategic partnership with a German company to inaugurate a production
facility with a capacity to produce 60,000 metric tons per annum of DOTP in
Europe from 2019. Infrastructure renovation activities in the North
American countries such as United States & Canada and flourishing
automotive sector in the European nations owing to increasing preference
for light weight passenger vehicles, has led to rise in demand for DOTP
plasticizers in these regions. Additionally, rapid infrastructure
development in the large developing economies of China and India is
generating high demand for DOTP in Asia-Pacific, due to which the region
held the largest share in global DOTP market and is expected to maintain
its position during forecast period as well.

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“Many DOTP companies are focusing on mergers and acquisitions to enhance
their product portfolio which is likely to positively influence global DOTP
market during the forecast period. Moreover, several companies are
expanding their manufacturing facilities in order to cater the rising
demand for DOTP. For instance, BASF has set up a new DOTP plant at its
Pasadena site in Texas. Additionally, rising trend of substituting low
molecular weight phthalates by the non-phthalate plasticizers is
anticipated to augment demand for DOTP over the coming years.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.


“Global Di Octyl Terephthalate Plasticizer Market By Application, By
Region, Competition Forecast & Opportunities, 2023”

has evaluated the future growth potential of DOTP market and provides
statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and
help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential
drivers, challenges and opportunities in global DOTP market.