Dioctyl Phthalate Price Trend

Dioctyl Phthalate Prices December 2023

In December 2023, the market for Dioctyl Phthalate (DOP) in South Korea saw its price stabilize at 1495 USD/MT, reflecting a nuanced balance influenced by a variety of market dynamics. Low demand from major industries, such as construction and automotive, resulted in reduced consumption and downward pressure on prices. In addition, the presence of competitive pricing strategies from China impacted the market, making it challenging for South Korean dioctyl phthalate manufacturers. Besides this, there was a temporary plant shutdown of SK Geo Centric's feedstock propylene plant in the country, which disrupted the supply chain and limited the availability of raw materials for dioctyl phthalate production. The stable supply and demand trend kept the prices intact, and traders maintained their offered quotations to remain competitive. Furthermore, the increased manufacturing sector and a slight increase in buying activities within the domestic region contributed to the overall demand for dioctyl phthalate for this quarter in South Korea.

Dioctyl Phthalate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Dioctyl Phthalate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of dioctyl phthalate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of dioctyl phthalate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of dioctyl phthalate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing dioctyl phthalate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Dioctyl Phthalate Market Analysis

The global dioctyl phthalate market size reached US$ 1.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.1 Billion, at a projected CAGR of 5.40% during 2023-2032.

• The rising adoption of Dioctyl Phthalate in the construction sector owing to its plasticizing properties that enhance their performance and durability is supporting the market growth. Dioctyl phthalate is used in polyvinyl chloride (PVC)-based building materials, such as fittings, pipes, wall covering, flooring, window profiles, and insulation materials. Its plasticizing properties assist in providing enhanced functionality, durability, and sustainability to construction materials. In addition, there is a rise in the construction of commercial and residential space. The India Brand Equity Foundation (IBEF) claims that the residential property market in India reached US$ 42 billion in the financial year 2023.
• Dioctyl phthalate is widely employed in industrial wood coating to enhance the performance properties of the wood coating formulations. The increasing adoption of high-quality, durable, and aesthetically pleasing furniture among individuals on account of their improving living standards is catalyzing the demand for dioctyl phthalate.
• The dioctyl phthalate demand is further impelled by its utilization as a plasticizer to produce medical and sanitary items, like dialysis equipment and blood bags. Dioctyl phthalate benefits in stabilizing the membranes of red blood cells (RBCs) and allows blood product storage in PVC blood bags for many weeks. According to the IMARC Group’s research report, the global blood bags market is anticipated to grow to US$ 579.0 Million by 2032.
• Dioctyl phthalate is also becoming increasingly popular in the electronics sector. It is employed as a polymeric coating on cables and wires to improve the elasticity of the product. It can also produce electrical housings, connectors, and other electrical components. It assists in providing softness and stability against heat and ultraviolet (UV) light. The rising utilization of cables and wires for various purposes is propelling the growth of the dioctyl phthalate.
• The dioctyl phthalate market share is further being reinforced by the rising product application to manufacture PVC automotive components, like door panels, dashboards, seat covers, and interior rims.

Dioctyl Phthalate News

The report covers the latest developments, updates, and trends impacting the global dioctyl phthalate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in dioctyl phthalate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the dioctyl phthalate price trend.

Latest developments in the dioctyl phthalate industry:

• In 3 July 2023, Sohar Freezone partnered with Nasim Chemicals to set up a $ 10.4 Million chemical manufacturing plant. This collaboration showcased the establishment of dioctyl phthalate and dioctyl terephthalate plants within Sohar Freezone, catering to the growing demand for high-quality chemical products in the GCC, India, and African markets.

Product Description

Dioctyl phthalate is a clear, colorless, and viscous liquid with a slight or characteristic odor. It is soluble in ethanol, ether, mineral oil, and many organic solvents. It is immiscible with water, resistant to hydrolysis and air oxygen activity, and does not evaporate easily. It is a man-made substance used to keep plastics soft and more flexible. It is a non-volatile solvent that is used as a plasticizer for several polymers, such as polystyrene (PS), polyvinyl chloride (PVC), and polyisoprene (PI).

Apart from this, dioctyl phthalate has high plasticizing efficiency, low volatility, ultraviolet (UV)-resisting property, enhanced electric property, water-extracting proof, superior fusion rate, and cold-resisting property. It is also used as a hydraulic fluid and as a dielectric fluid in capacitors.

Regional Coverage

The report provides a detailed analysis of the dioctyl phthalate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the dioctyl phthalate price trend.

Global Dioctyl Phthalate Price

The report offers a holistic view of the global dioctyl phthalate pricing trends in the form of dioctyl phthalate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of dioctyl phthalate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed dioctyl phthalate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Dioctyl Phthalate Price

The European region exhibited an overall decline in the Q4 of 2023. Dioctyl phthalate traders and manufacturers in the region were focused on the lowered demand from the downstream plasticizer and construction industry, which resulted in only modest price fluctuations, despite concerns about disruptions in freight at the end of the quarter. In addition, sufficient availability of inventories further impacts prices negatively.

This analysis can be extended to include detailed dioctyl phthalate price information for a comprehensive list of countries.

North America Dioctyl Phthalate Price

The dioctyl phthalate market in the North America region witnessed decreased prices owing to lowered demand from downstream sectors. There was a limited demand of the product in the plasticizer sector in the USA on account of the slow economic recovery and stagnant trading conditions in relevant segments. Besides this, factors, such as the Russia-Ukraine war and a drought affecting the Panama Canal, resulted in complexity to the international container logistics in the USA in Q4 of 2023.

Specific dioctyl phthalate historical data within the United States and Canada can also be provided.

Middle East and Africa Dioctyl Phthalate Price

The dioctyl phthalate market in the Middle East and Africa (MEA) region showcased a bearish sentiment owing to weaker demand fundamentals from downstream businesses. It has led to limited self-consumption and low exports, resulting in downward price trends. Furthermore, the region is experiencing challenging economic conditions and a liquidity crisis, leading to a further decline in market activity and purchasing power.

The report explores the dioctyl phthalate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on dioctyl phthalate prices for countries can also be provided.

Asia Pacific Dioctyl Phthalate Price

The dioctyl phthalate pricing in the Asia Pacific experienced various factors that impacted prices and market dynamics. Decreased demand from the construction and automotive sectors led to reduced consumption and downward pressure on prices. The presence of competitive pricing strategies from China also impacted the market. Secondly, the temporary plant shutdown of SK Geo Centric's feedstock propylene plant disrupted the supply chain and limited the availability of raw materials for DOP production.

This dioctyl phthalate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Dioctyl Phthalate Price

The analysis of dioctyl phthalate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of dioctyl phthalate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting dioctyl phthalate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The dioctyl phthalate price charts ensure our clients remain at the forefront of the industry.