Dioctyl Terephthalate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Dioctyl Terephthalate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dioctyl Terephthalate Price Trend for the Second Half of 2023

Asia

The onset of the third quarter of 2023 brought positive momentum in the dioctyl terephthalate market as the prices escalated throughout the quarter. In China, this inclination was attributed to the strong winds observed in the downstream plasticizer industries as they increased their appetite by several folds. Also, the traders enjoyed the benefit of more offtakes and orders from overseas players. However, the market's equilibrium was disrupted when the manufacturers did not raise production rates along with the demand.

Dioctyl Terephthalate Price Chart

Dioctyl Terephthalate Price Trends and Forecast

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This created a gap between supply and demand, providing room for the traders to increase their price quotations. On the other hand, the market failed to translate this momentum in the fourth quarter as the dioctyl terephthalate price trend then experienced a gradual downfall.

Europe

During H2 of 2023, the cost of feedstock 2-ethyl hexanol in European nations encountered difficulties accurately reflected in trends in the price of dioctyl terephthalate. Falling consumer interest and rising lending rates, which further burdened the already trailing industrial sector, were the main causes of this drop in prices. In addition to this, the limited production of dioctyl phthalate, however, was a result of some month-to-month changes and growing energy production costs, which supported the maintenance of supply and demand equilibrium and depreciation in the overall dynamics of dioctyl terephthalate prices.

North America

The difficulties that led to a decline in the prices of dioctyl terephthalate in North America were mostly domestic. During the third and fourth quarters of 2023, the price of raw materials varied continuously before stabilizing towards the end of the year, leading to a disbalance in the cost of production. The dioctyl terephthalate market was further pressured by persistent challenges with exports and supply chain interruptions. Positively, when the last quarter ended, the dioctyl terephthalate prices remained above average due to the gradual and steady demand from the downstream industries supported by winter holidays.

Analyst Insight

According to Procurement Resource, the price trends of Dioctyl Terephthalate are expected to oscillate with the fluctuating cost of feedstock materials and shifting dynamics of consumer demand.

Dioctyl Terephthalate Price Trend for the First Half of 2023

Asia

In the Asia Pacific market, the price trend of dioctyl terephthalate declined in the first and second quarters of 2023. As dioctyl terephthalate belongs to the class of PVC plasticizers, its market trend also mirrored the price trend observed in the PVC plasticizers market.

The demand for dioctyl terephthalate-derived plasticizers in the Asia Pacific region declined due to weak fundamentals of the construction and packaging industry. Amid the sliding conditions of the economy, the consumers lowered their purchasing potential, and with a reduced number of offtakes from the downstream industries, the price trend of dioctyl terephthalate declined in the first and second quarters of 2023.

Europe

The European market conditions declined in the first and second quarters of 2023. The major contributing factor to this decline was the slow market movements of the construction and housing sector, which led to the fall in feedstock prices. In addition to this, stockpiling of inventories and low procurement of the product from the downstream sectors resulted in the fall in the price trend of dioctyl terephthalate.

North America

In the North American region, the cost of feedstock materials declined due to the sluggish movement of end-user industries. The economic activities in this region also took a dip and caused the level of inflation to rise along with some serious disruptions in the supply chain. With abundant inventories and high uncertainties in the prices of crude oil, the price trend of dioctyl terephthalate took a dip in both the first and second quarters of 2023.

Analyst Insight

According to Procurement Resource, the price trend of Dioctyl Terephthalate is estimated to showcase a declining trajectory as the downstream industries will likely struggle amid the high fluctuations in global economic conditions.

Procurement Resource provides latest prices of Dioctyl Terephthalate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

DOTP or Dioctyl Terephthalate is a transparent oily liquid, which is insoluble in water. It is used as a plasticizer for PVC plastics and is resistant to heat and cold. Due to its low volatility it is also used in wires and cables to meet the temperature resistance requirements.

Product Details

Report Features Details
Product Name DOTP or Dioctyl Terephthalate
Industrial Uses PVC plastic wire sheath, plasticizer for synthetic rubber, paint additives, lubricant additives, artificial leather, flooring, wallpaper
Chemical Formula C24H38O4
HS Number 29173990
CAS Number 6422-86-2
Synonyms Di-(2-ethylhexyl) terephthalate, Bis(2-ethylhexyl) terephthalate
Molecular Weight 390.55 g/mol
Supplier Database Nan Ya Plastics Corporation, De Well Group Korea Co., Ltd., Mexichem Compuestos S.A. De C.V.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

DOTP is produced by the direct esterification of pure terephthalic acid and 2-ethylhexanol in the presence of a catalyst.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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