Dioctyl Phthalate (DOP): 2024 World Market Outlook Turkey

  • Dioctyl Phthalate (DOP): 2024 World Market Outlook Turkey
  • Dioctyl Phthalate (DOP): 2024 World Market Outlook Turkey
  • Dioctyl Phthalate (DOP): 2024 World Market Outlook Turkey
  • 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 was the dioctyl phthalate market weak in 2024?
  • In the third quarter of 2024, the Dioctyl Phthalate (DOP) market in Asia was weak, as the regional market experienced a persistent downtrend in prices. The construction sector, a key downstream industry, saw muted demand throughout the quarter, contributing to the weaker DOP pricing environment.
  • What was the price of dioctyl phthalate (DOP) in the third quarter?
  • Overall, the third quarter was marked by a sluggish DOP market, with downward price pressure due to weak demand and uncertain market dynamics. As the Quarter ended, the price of Dioctyl Phthalate (DOP) was assessed at USD 1394/MT, FOB Busan (South Korea). Europe
  • What shaped the European dioctyl phthalate market?
  • In the quarter ending September 2024, the European Dioctyl Phthalate (DOP) market experienced a largely stable pricing environment, driven by several key factors. The market was primarily shaped by weak demand in the downstream plasticizer industry, adequate supply levels, and stable upstream raw material costs.
  • Why did the price of dioctyl phthalate rise in Q1 2022?
  • For the Quarter Ending March 2022 North America The price of Dioctyl Phthalate (DOP) escalated upwards in Q1 2022, owing to the steep increase in the prices of crude coupled with better demand from the downstream market, with prices ranging around USD 1875/ton FOB New York at the end of March.

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