Purified Dioctyl Phthalate (DOP) Industry Forecasts Malaysia

  • Purified Dioctyl Phthalate (DOP) Industry Forecasts Malaysia
  • Purified Dioctyl Phthalate (DOP) Industry Forecasts Malaysia
  • Purified Dioctyl Phthalate (DOP) Industry Forecasts Malaysia
  • What is the global dioctyl phthalate (DOP) market?
  • The global Dioctyl Phthalate (DOP) market stood at approximately 1200 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.1% during the forecast period until 2032. Dioctyl phthalate (DOP) is used to make flexible polyvinyl chloride (PVC) plastic. Dioctyl phthalate is one of the commonly employed plasticizers in PVC.
  • Why did the dioctyl phthalate (DOP) price decline in China?
  • As a result, the dealers were under pressure to sell their goods, which ultimately caused the DOP price decline in the Chinese market. The global Dioctyl Phthalate (DOP) market stood at approximately 1200 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.1% during the forecast period until 2032.
  • Why did the dioctyl phthalate market fluctuate?
  • The dioctyl phthalate market prices in the US fluctuated due to rising prices of major feedstocks and oscillating demand from the downstream industries. The dioctyl phthalate market witnessed this significant price change.
  • Which country produces dioctyl phthalate (DOP)?
  • China is the world's largest producer and exporter of polyvinyl chloride (PVC) which makes China the leading consumer of DOP on a global scale. Also, the dioctyl phthalate market in Europe and North America is expected to expand significantly due to the presence of several key players in the region.
  • What are the challenges facing the North American dioctyl phthalate market?
  • The North American market for dioctyl phthalate faced challenges primarily from within the domestic market. The cost of raw materials fluctuated heavily throughout the quarter but stabilized towards the end.
  • What happened to dioctyl phthalate (DOP) prices in H1 2023?
  • H1 2023: Dioctyl Phthalate (DOP)’s prices remained volatile in Asia Pacific region in H1 2023. Dioctyl phthalate (DOP) prices seemed to exhibit a fluctuating trend in China, peaking in the middle of February and then falling again. The Chinese phthalic anhydride production sites had run steadily in January.

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