Diethyl Phthalate Market To Grow At a CAGR of 4.1%, Top Key Players, Share, Size, Growth & Trends by 2030

Data Bridge Market Research analyses that the Diethyl Phthalate market is growing with a CAGR of 4.1% in the forecast period of 2023 to 2030 and is expected to reach USD 698414.17 thousand by 2030. The major factor driving the growth of the diethyl phthalate market is the Increasing consumption of cosmetics and personal care products from cosmetic industries and the rising demand for diethyl phthalate from plastic industry.

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Market Overview:

Diethyl phthalate is a chemical compound that belongs to the phthalate ester family and is a diethyl ester of phthalic acid. Diethyl phthalate is a colorless liquid that is clear and slightly denser than water. Diethyl phthalate is not easily flammable. In the industry diethyl phthalate is also known as solvanol. Diethyl phthalate is typically synthesized via the Ald-Ox or Oxo processes. Diethyl phthalate can also be synthesized by reacting phthalic anhydride with ethanol in presence of concentrated sulfuric acid as a catalyst. Diethyl phthalate purity typically ranges from 98% to 99.5%.

The diethyl phthalate market report provides details of market share new developments and the impact of domestic and localized market players analyses opportunities in terms of emerging revenue pockets changes in market regulations products approvals strategic decisions product launches geographic expansions and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.

Opportunities

·         Increasing use of diethyl phthalate to produce plasticizers for automotive industry

In today’s world there is huge need to decrease weight and fuel usage. Therefore diethyl phthalates are used in automotive plastics as one of the primary materials. One-third part of an average automotive vehicle is made up of plastic which include dashboards engine covers seating interior wall panels carburetors handles cable insulation truck bed liners and many others. Polypropylene polyvinyl chloride polystyrene polycarbonate and polyethylene are some of the plastics which are applied in building automotive vehicles. Diethyl phthalate is one of the widely used plasticizers to make these plastics and polymers. They make the plastic more flexible. Moreover DEP is a biodegradable material and is also used in the manufacturing of automotive parts and tubes used in medical treatment and diagnostics.

·         Expansion of the packaging industry

In packaging industry bubble wrap and plastic films are few of the packaging materials used. To manufacture such materials plasticizers such as diethyl phthalate is effectively used in large quantities. Diethyl phthalate is used as a plasticizer for cellulose ester plastic films and sheets such as photographic blister packaging and tape applications and molded and extruded articles. Therefore the demand of diethyl phthalate will rise in the coming years as the packaging industry expands which is expected to provide lucrative opportunities for the growth of the global diethyl phthalate market.

Some of the major market players operating in the diethyl phthalate market are:

·         Thirumalai Chemicals Ltd

·         I G Petrochemicals Ltd

·         T.C.I. Chemicals (India) Pvt. Ltd

·         Indo Nippon Chemical Co Ltd

·         Agro Extracts Limited

·         Maharashtra Aldehydes & Chemicals Ltd

·         MaaS Pharma Chemicals

·         Nishant Organics Pvt. Ltd

·         Spectrum Chemical

·         LobaChemie Pvt. Ltd

·         Polynt S.p.A K.L.J. Group

·         Demon Chemicals Co Ltd

·         PCIPL

·         West India Chemical International 

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Research objectives

• To study and forecast the market size of this in global market

• To analyze the global key players, Porte’s Five Forces analysis, value and global market share for top players

• To define, describe and forecast the market by type, end use and region

• To analyze and compare the market status and forecast among global major regions

• To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks

• To identify significant trends and factors driving or inhibiting the market growth

• To analyze the opportunities in the market for stakeholders by identifying the high growth segments

• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market

• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

• To strategically profile the key players and comprehensively analyze their growth strategies

Diethyl Phthalate Market Dynamics

Drivers

·         Increasing consumption of cosmetics and personal care products

The consumption of cosmetic and personal care products have showed a significant rise due to the increasing emphasis between individuals on skin health and personal hygiene. The young generation knows the importance of skin care and have started to use such cosmetics and personal products such as nail polishes, hair sprays, aftershave lotions, cleansers, and shampoos on a large scale. The anti-aging and sun protection products have a high user base because the consumers are becoming aware of the appearance and harmful sunrays. In addition, increasing economy and developing lifestyle have seen rise in spending on personal grooming especially among the women. Such developing cosmetics and personal care products have expanded over the years and the future . In addition, technological advancements in personal products will drive the global diethyl phthalate market in the upcoming years.

·         Rising demand for diethyl phthalate from plastic & polymer industry

Diethyl phthalate is used in polymer and plastics industry to make the end product more flexible. Accelerated industrialization, increase in income, changing lifestyle and increased application of polymer based products in day to day life have cause the upsurge of polymer industry. The polymer are used in healthcare, agriculture, clothing, housing, furniture, electronics and construction. A plasticizer or softener is a substance or material incorporated in a material (usually a plastic or elastomer) to increase its flexibility, workability or distensibility. A plasticizer may reduce the melt viscosity, lower the temperature of the second order transition or lower the elastic modulus of the melt.

·         Adoption of diethyl phthalates in modern agricultural techniques

Diethyl phthalate is used in agrochemicals to keep away insects and pests from crops. Due to increasing insects attack on crops, the insecticides demand are too rising. Inert ingredients such as diethyl phthalate are utilized in pesticides that are applied to animals for food production. This is turns is expected to drive the use of diethyl phthalate in insecticides and pesticides, which generally adds to the growth of farmer income.

Furthermore, these phthalic acid esters do not only leach from packaging into fertilizers and pesticides, they are also used as a solvent in many pesticides. In modern agriculture, vast use of PVC pipes are being done in agriculture. To make this PVC pipes, diethyl phthalate are used as plasticizers.

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Diethyl Phthalate Market Scope

The diethyl phthalate market is categorized based on purity type, type, application, and end-user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Purity Type

·         High Purity (≤99%)

·         Ultra-High Purity (≥99.5%)

On the basis of Purity, the diethyl phthalate market is segmented into high Purity (≤99%) and ultra-high Purity (≥99.5%).

By Type

·         Industrial grade

·         Cosmetic grade

·         Others

On the basis of type, the diethyl phthalate market is segmented into industrial grade, cosmetic grade and others.

Application

·         Plasticizer

·         Binder

·         Cosmetic Ingredient

·         Solvent

·         Alcohol Denaturant

On the basis of application, the diethyl phthalate market is segmented into plasticizer, binder, cosmetic ingredient, solvent, and alcohol denaturant.

End User

·         Packaging

·         Cosmetic & Personal Care

·         Plastics & Polymers

·         Surfactants

·         Agrochemicals

·         Paints

·         Others

On the basis of end-user, the diethyl phthalate market is segmented into packaging, cosmetic & personal care, plastics & polymers, surfactants, agrochemicals, paints and others.

Diethyl Phthalate Market Regional Analysis/Insights

The diethyl phthalate market is segmented on the basis of purity type, type, applications, and end-user.

The countries in the diethyl phthalate market are the U.S., Canada, Mexico, U.K., Russia, France, Spain, Italy, Germany, Turkey, Netherlands, Switzerland, Belgium, Luxemburg, and Rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, and the Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Egypt, Saudi Arabia, United Arab Emirates, South Africa, Israel, and Rest of the Middle East & Africa.

China dominates in the Asia-Pacific region due to advanced development in technologies. In North America, the U.S. is expected to dominate the diethyl phthalate market because of the rising demand for diethyl phthalate as plasticizers to produce plastics for automotive industry.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Browse More Reports:-

Europe Diethyl Phthalate Market, By Purity (High Purity (≤99%), and Ultra High Purity (≥99.5%), Type (Industrial Grade, Cosmetic Grade, and Others), Application (Plasticizer, Binder, Cosmetic Ingredient, Solvent, and Alcohol Denaturant), End-User (Packaging, Cosmetic & Personal Care, Plastics & Polymers, Surfactants, Agrochemicals, Paints, and Others) - Industry trends and forecast to 2030. https://www.databridgemarketresearch.com/reports/europe-diethyl-phthalate-market

Asia-Pacific Diethyl Phthalate Market, By Purity (High Purity (≤99%), and Ultra High Purity (≥99.5%), Type (Industrial Grade, Cosmetic Grade, and Others), Application (Plasticizer, Binder, Cosmetic Ingredient, Solvent, and Alcohol Denaturant), End-User (Packaging, Cosmetic & Personal Care, Plastics & Polymers, Surfactants, Agrochemicals, Paints, and Others) - Industry trends and forecast to 2030. https://www.databridgemarketresearch.com/reports/asia-pacific-diethyl-phthalate-market

Middle East and Africa Diethyl Phthalate Market, By Purity (High Purity (≤99%), and Ultra High Purity (≥99.5%), Type (Industrial Grade, Cosmetic Grade, and Others), Application (Plasticizer, Binder, Cosmetic Ingredient, Solvent, and Alcohol Denaturant), End-User (Packaging, Cosmetic & Personal Care, Plastics & Polymers, Surfactants, Agrochemicals, Paints, and Others) - Industry trends and forecast to 2030. https://www.databridgemarketresearch.com/reports/middle-east-and-africa-diethyl-phthalate-market

North America Diethyl Phthalate Market, By Purity (High Purity (≤99%), and Ultra High Purity (≥99.5%), Type (Industrial Grade, Cosmetic Grade, and Others), Application (Plasticizer, Binder, Cosmetic Ingredient, Solvent, and Alcohol Denaturant), End-User (Packaging, Cosmetic & Personal Care, Plastics & Polymers, Surfactants, Agrochemicals, Paints, and Others) - Industry trends and forecast to 2030. https://www.databridgemarketresearch.com/reports/north-america-diethyl-phthalate-market

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