Global Diethyl Phthalate Market is Segmented By Purity (High Purity (≤99%), Ultra High Purity (≥99.5%)), By Type (Industrial Grade, Cosmetic Grade, Others), By Application (Plasticizer, Binders, Cosmetic Ingredient, Solvent, Others), By End-User (Packaging, Cosmetic & Personal Care, Plastics & Polymers, Surfactants, Agrochemicals, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Diethyl Phthalate Market Size
Global Diethyl Phthalate Market reached US$ 72.1 million in 2022 and is expected to reach US$ 93.0 million by 2030, growing with a CAGR of 3.2% during the forecast period 2023-2030.
One or two of the packaging materials utilized in the packaging industry is bubble wrap. Plasticizers like diethyl phthalate are efficiently employed in high quantities for producing such materials. For cellulose ester plastic films and sheets such as photography, blister packaging, tape applications and molded and extruded products, diethyl phthalate is utilized as a plasticizer.
Therefore, as the packaging sector develops, diethyl phthalate demand will rise. This is anticipated to create profitable prospects for the expansion of the global diethyl phthalate market. China has been a key contributor in packaging industry, which drives the growth of the regional diethyl phthalate market. Therefore, China accounted for nearby half of the regional shares and is expected to grow at a highest CAGR during the forecasted period.
Diethyl Phthalate Market Summary
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Metrics |
Details |
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CAGR |
3.2% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Purity, Type, Application, End-User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Diethyl Phthalate Market Dynamics
Use of Diethyl Phthalates in Modern Farming Methods
Agrochemicals like diethyl phthalate are used to prevent insects and other pests from damaging crops. The need for pesticides is increasing as a result of the increase in insect attacks on crops. Pesticides used on animals for food production contain inert chemicals like diethyl phthalate. In response, this is anticipated to encourage the use of diethyl phthalate in pesticides and insecticides, which typically increases farmer earnings.
Furthermore, these phthalic acid esters are utilized as solvents in many pesticides in addition to leaching into fertilizers and insecticides from packaging. PVC pipes are used extensively in agriculture in the present day. Diethyl phthalate is a plasticizer used for manufacturing PVC pipes. It further leads to the adfoption of thr diethyl phthalates in modern agricultrual methods.
Growing Use in Plasticizers
In the polymer and plastics sector, diethyl phthalate is used to increase the flexibility of the finished product. Accelerated industrialization, rising incomes, changing lifestyles and growing use of items made of polymers in daily life are all factors contributing to the growth of the polymer sector. Healthcare, agriculture, textiles, housing, furniture, electronics and construction all employ polymers.
A substance or material that is added to a material (often a plastic or elastomer) to increase its flexibility, workability, or distensibility is known as a plasticizer or softener. A plasticizer may lower the temperature of the second order transition, the melt's elastic modulus, or the viscosity of the melt. Therefore, above mentioned factors drives the demand for the diethyl phthalates in the polymer industry, which further bolsters the global market.
Availability of Alternatives
Diethyl phthalate is frequently used in the packaging, plastics, consumer products and cosmetics industries. However, the use and availability of substitutes for diethyl phthalate have increased due to legislation, environmental concerns and health risks. Along with diethyl phthalate, epoxidized soybean oil (ESBO) is utilized as a plasticizer and compatibilizer.
In addition to being used as a plasticizer in glass jar seals, ESBO also serves as a stabilizer to lessen the UV deterioration of polyvinyl chloride. Similar to how diethyl phthalate, which is used in flooring, packaging and wall coverings, has been replaced, trimellitates have also been employed in these applications. Acetyl tributyl citrate is a plasticizer utilized in PVC applications as well as cosmetics.
Diethyl Phthalate Market Segment Analysis
The global diethyl phthalate market is segmented based on purity, type, application, end-user and region.
Owing to Cost Effectiveness and Versatalit, High Purity (≤99%) Purity Segment Dominates the Global Market
With a purity level of 99%, the High Purity DEP satisfies the standards of numerous industries where DEP is employed as a plasticizer. It provides the performance traits and plasticizing qualities required for a variety of applications.
In general, High Purity DEP is more affordable than Ultra High Purity DEP (99.5%). Additional purification steps and quality control procedures are needed during the manufacturing process to produce products with ultra-high degrees of purity, which might raise production costs. Due to its lower price, High Purity DEP is the chosen option in many situations when the tiny purity difference between it and Ultra High Purity DEP is not critical. Hence, the high purity (≤99%) segment holds for majority of the global segmental share.
Source: DataM Intelligence Analysis (2023)
Diethyl Phthalate Market Geographical Share
Large Manufacturing and Growing Industrialization Drives the Asia-Pacific Diethyl Phthalate Market
Plastics, consumer products and the automobile industry all have significant manufacturing operations in Asia-Pacific. These industries frequently employ DEP as a plasticizer and the region's strong manufacturing capabilities have helped to drive up DEP demand. The demand for DEP has been fueled by the quick industrialization of nations like China, India and Southeast Asian countries. The market expansion in the region has been fueled by the rising production of DEP-using plastics, adhesives, coatings and other goods. Therefore, the Asia-Pacific dominates the global diethyl phthalate with majority of the global market share.
Source: DataM Intelligence Analysis (2023)
Diethyl Phthalate Market Companies
The major global players include 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 and LobaChemie Pvt. Ltd.
COVID Impact
Global supply systems, particularly those for the manufacture and delivery of chemicals like DEP, were disrupted as a result of the epidemic. Manufacturing operations were disrupted by lockdown procedures, travel bans and worker restrictions imposed to stop the virus's spread, which resulted in temporary closures or decreased production capacities. These delays had an effect on DEP's availability and prompt delivery, which had an effect on the market.
Russia-Ukraine War Impact
The diethyl phthalate market relies on a global supply chain and any geopolitical tensions that disrupt trade routes or impact manufacturing hubs can lead to supply chain disruptions. If the conflict escalates or results in trade restrictions, it could affect the availability and cost of key components and materials used in manufacturing of diethy phthalates. This, in turn, may impact the production and delivery timelines of diethyl phthalate systems.
Why Purchase the Report?
- To visualize the global diethyl phthalate market segmentation based on purity, type, application, end-user and region, as well as understand key commercial assets and players.
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The global diethyl phthalate market report would provide approximately 69 tables, 70 figures and 180 Pages.
Application 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
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