Polyether_Polyether Polyol News Dioctyl terephthalate (DOTP) production capacity is expanding rapidly and the market is oversupplied.

Dioctyl terephthalate (DOTP) production capacity is expanding rapidly and the market is oversupplied.

Dioctyl terephthalate (DOTP) production capacity is expanding rapidly and the market is oversupplied

Dioctyl terephthalate (DOTP for short) is an excellent plasticizer used in PVC plastics. Dioctyl terephthalate appears as a colorless or slightly yellowish oily liquid, which is almost insoluble in water. It has good heat resistance, cold resistance and electrical insulation properties, and can meet the temperature and cold resistance requirements of wires and cables. Due to its good performance and low production cost, dioctyl terephthalate has become one of the main choices for upgrading traditional plasticizer companies.

Dioctyl terephthalate has a wide range of downstream applications, involving wires and cables, artificial leather, automobiles, food, rubber gloves and other fields. Among them, wires and cables are the largest consumer market for dioctyl terephthalate, with a consumption share of More than 40%, followed by rubber gloves, accounting for about 32%. Dioctyl terephthalate has a high profit margin. In recent years, under the background of increasingly strict environmental protection supervision, the production capacity of dioctyl terephthalate has expanded rapidly. At this stage, my country’s production capacity of dioctyl terephthalate has reached 2.5 million. tons/year.

According to the “2021-2025 global DOTP (dioctyl terephthalate) industry in-depth market research and key area research report released by the Industrial Research Center 》shows that in 2020, the global dioctyl terephthalate market will reach more than 12.5 billion yuan. With the release of downstream market demand, the market size of dioctyl terephthalate will further expand and is expected to reach 12.5 billion yuan in 2026. Reaching 18.5 billion yuan. Globally, the production capacity of dioctyl terephthalate is mainly concentrated in China, South Korea, Europe and other regions. In the international market, relevant suppliers of dioctyl terephthalate include BASF, Aekyung Petrochemical, Oxea, LG Chemical, Eastman et al., the market concentration is relatively low.

At this stage, my country has become a major producer of dioctyl terephthalate, with about 40 domestic related production companies, including Liancheng, Wei Lianda, Foshan Zhaodong, Dongguan Lingchuang, Shenzhen Hongyuan, and Fujian Bahanfu Technology , Guangzhou Guansheng, etc. As the downstream market has basically matured, the overall demand for dioctyl terephthalate is growing slowly. Against this background, the oversupply situation in the dioctyl terephthalate market has become more severe, and the production capacity utilization rate has gradually declined. In 2021, affected by multiple factors such as the COVID-19 epidemic, rising prices of upstream raw material isooctyl alcohol, and power and production restrictions, the operating rate of dioctyl terephthalate companies is low. As of the end of October 2021, terephthalic acid The operating rate of dioctyl ester enterprises is around 50%.

Industry analysts said that the dioctyl terephthalate industry has high profit margins and has attracted many companies to deploy. Therefore, in recent years , the production capacity of dioctyl terephthalate is expanding rapidly, but due to the slow growth of downstream market demand, the dioctyl terephthalate market is experiencing overcapacity. my country is the world’s largest producer of dioctyl terephthalate, with a large number of domestic production companies and relatively fierce market competition.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.polyether-factory.com/archives/8301

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