DOTP Prices In India (Business Opportunities - Marketing & Sales)

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DOTP Prices In India


In recent updates from sources in the Indian petrochemical industry, there has been a significant surge in the price of Dioctyl Terephthalate (DOTP) in the Mumbai market. This notable increase is mainly linked to disruptions in the supply of the product, and early predictions indicate that this scarcity is likely to persist, leading to substantial price pressures in the near term. The rise in DOTP prices is associated with a heightened demand across various industries, particularly in the plastics and paints sectors. Dioctyl terephthalate (DOTP) serves as a crucial plasticizer for PVC, often used as a substitute for ortho-phthalates in various applications. The current surge in demand, especially in the paints and varnishes industry, contributes significantly to the upward trajectory in DOTP prices. While the raw materials for DOTP, namely terephthalic acid and excess octanol, have maintained a stable market rate, some markets are facing shortages, primarily with being the main producer.

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Last Update : Feb 22, 2024 12:22 AM
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Item  Owner  : Indianpetrochem
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