Dioctyl Phthalate Plasticizer Market is Expected to Reach $7,845.8 Million by 2019 - Micro Market Monitor

Plasticizers are organic substances that are added to plastic to give it fluidity, flexibility, and other desired properties. The global plasticizer market is divided into three categories low phthalates, high-phthalates, and non-phthalates. DOP plasticizer belongs to the phthalate group of plasticizers. Phthalate plasticizers are the most commonly used traditional plasticizers and are usually produced by the simple reaction of alcohols with phthalic anhydride or other acids.

Dioctyl phthalate (DOP) plasticizer is a class of plasticizers that is used to give varied physical properties to polymers. The physical properties thus obtained include flexibility, durability, heat resistance, and so on. Plasticizers are used in almost every polyvinyl chloride plastic product, with DOP plasticizer being the most widely type.

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Asia-Pacific contributed the largest share of 74.0% to the global DOP plasticizer market, and the DOP plasticizer market in this region was valued at $4,250.3 million in 2014. It is expected to reach $5,961.0 million by 2019, at a CAGR of 5.7% during the forecast period. This high share can be attributed to various factors, such as high demand for DOP plasticizers from its application markets, availability of cheap labor, and lower production costs in the region. Considerable amounts have been invested by the key market players to meet the increasing demand from the end-user application industries.

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