Diethyl Phthalate Market Size & Share, by Purity (High Purity, Ultra-High Purity); Type (Industrial Grade, Cosmetic Grade); Application (Plasticizer, Binder, Cosmetic Ingredient, Solvent, Alcohol Denaturant); End User (Packaging, Cosmetics & Personal Care, Plastics & Polymers, Paints, Agrochemicals, Surfactants) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5789
  • Published Date: Mar 01, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Diethyl Phthalate Market size is expected to reach USD 253 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of diethyl phthalate was USD 141 Million. The rising use of makeup and personal hygiene products from the cosmetic sectors is the main driver of the diethyl phthalate market expansion. The younger generation has begun using cosmetics and personal care items including hair sprays, cleansers, shampoos, aftershave lotions, and nail polishes extensively because they understand the important of skincare The increasing awareness of the damaging effects of sunrays has led to a huge user base for anti-aging and sun protection solutions. Worldwide, the beauty sector brings in about USD 100 billion in income.

In addition to these, agrochemicals contain diethyl phthalate to keep pests and insects away from crops. The need for insecticides is growing as a result of an increase in insect attacks on crops. Pesticides used on animals for food production contain inert chemicals like diethyl phthalate. It is anticipated that this will in turn encourage the use of diethyl phthalate in pesticides and insecticides, which typically increases farmer revenue.


Diethyl Phthalate Market
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Diethyl Phthalate Market: Growth Drivers and Challenges

Growth Drivers

  • Diethyl phthalate is being used more often to make plasticizers for the automobile sector- There is an urgent need to reduce weight and fuel consumption in the modern world. Diethyl phthalates are therefore one of the main ingredients in vehicle plastics. The average motor vehicle's dashboard, engine covers, seating, interior wall panels, carburetors, handles, cable insulation, truck bed liners, and many other components are composed of plastic. Among the polymers used in the construction of automobiles are polypropylene, polyvinyl chloride, polystyrene, polycarbonate, and polyethylene. One of the common plasticizers used to create these polymers and plastics is diethyl phthalate. They increase the plastic's pliability. In addition, DEP is a biodegradable substance that is utilized in the production of car components and diagnostic and therapeutic tubes. In 2021, there was a 3% year-over-year growth in the production of motor cars, with around 80 million vehicles produced worldwide.
  • Growth of the Packaging Sector- Plastic films and bubble wrap are two common packaging materials used in the packaging business. Plasticizers like diethyl phthalate are successfully employed in huge quantities during the manufacturing process to create such materials. Diethyl phthalate is utilized as a plasticizer for cellulose ester plastic sheets and films, which are used in molded and extruded products, blister packaging, photographic film, and tape applications. As a result, as the packaging sector grows, so too will the demand for diethyl phthalate in the upcoming years. This is anticipated to present profitable growth prospects for the diethyl phthalate market globally.
  • Increasing Demand from The Plastic and Polymer Industries for Diethyl Phthalate- In the polymer and plastics industries, diethyl phthalate is used to increase the final product's flexibility. The polymer sector has grown as a result of accelerated industrialization, rising incomes, changing lifestyles, and the growing use of polymer-based products in daily life. Polymers find application in the fields of healthcare, agriculture, construction, apparel, furniture, and electronics. A material added to a material to improve its workability, flexibility, or distensibility is called a plasticizer or softener. A plasticizer has the ability to decrease the viscosity of the melt, lower the second-order transition temperature, or lower the melt's elastic modulus.

Challenges

  • Existence of diethyl phthalates substitutes on the Diethyl Phthalate Market - Diethyl phthalate finds extensive application in the packaging, consumer products, plastics and polymers, cosmetics, and consumer goods sectors. However, the availability and use of different diethyl phthalate replacements have increased due to legislation, environmental concerns, and health risks. In addition to diethyl phthalate, epoxidized soybean oil (ESBO) is employed as a compatibilizer and plasticizer. Additionally, ESBO has been used as a plasticizer in glass jar seals and as a stabilizer to lessen the UV-induced deterioration of polyvinyl chloride. Trimellitates have also been utilized as an alternative to diethyl phthalate, which is utilized in flooring, wall coverings, and packaging. Acetyl tributyl citrate is utilized in PVC applications and cosmetic items as a plasticizer.
  • The risks connected to prolonged and excessive usage of diethyl phthalate could prevent the industry from expanding.
  • The diethyl phthalate market is negatively impacted by the COVID-19 epidemic. The production of diethyl phthalates was severely hindered by supply chain disruptions and restrictions.

Diethyl Phthalate Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 5%

Base Year Market Size (2023)

 ~ USD 141 Million

Forecast Year Market Size (2036)

 ~ USD 253 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Diethyl Phthalate Segmentation

End User (Packaging, Cosmetics & Personal Care, Plastics & Polymers, Paints, Agrochemicals, Surfactants)

Based on end user, the plastics & polymers segment in the diethyl phthalate market is predicted to hold the revenue share of 35% during the forecast period. Diethyl phthalate is used in the polymer and plastics industry to improve the final product's flexibility. The industry is expanding as a result of accelerated industrialization, higher affluence, shifting lifestyles, and an increase in the use of polymer products in everyday life. Polymer finds applications in healthcare, agriculture, textiles, furniture, electronics, and building. A plasticizer or softener is a material or substance that is applied to a material to improve its workability, consistency, or flexibility. The melt viscosity, melt elastic modulus, and temperature of the second-order transition can all be lowered with a plasticizer. Diethyl phthalates were used in the production of PVC cables, films, and other flexible plastics by the plastic and polymer industries. The growing diethyl phthalate market for these products across a range of end-use industries, including automotive, medical, and construction, is expected to support the expansion of the plastic and polymers industry's product market. In 2022, the total amount of plastic produced globally was an astounding 400.3 million metric tons. This represents a rise of almost 1.6% over the prior year.

Application (Plasticizer, Binder, Cosmetic Ingredient, Solvent, Alcohol Denaturant)

Based on application, plasticizer segment in the diethyl phthalate market is attributed to hold largest revenue share of about 30% during the forecast period. Plasticizers are low molecular weight polymers that are used to improve a material's elasticity, toughness, and flexibility. Plasticizers find widespread usage in cosmetics and PVC, where they are employed in many applications such as toys, tubes, wall coverings, medical equipment, electronics, and flooring. One of the main reasons driving plasticizer demand worldwide is the robust expansion of these end-use sectors.

Our in-depth analysis of the global diethyl phthalate market includes the following segments:

          Purity

  • High Purity
  • Ultra-High Purity

          Type

  • Industrial Grade
  • Cosmetic Grade

          Application

  • Plasticizer
  • Binder
  • Cosmetic Ingredient
  • Solvent
  • Alcohol Denaturant

          End User

  • Packaging
  • Cosmetics & Personal Care
  • Plastics & Polymers
  • Paints
  • Agrochemicals
  • Surfactants

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Diethyl Phthalate Industry - Regional Synopsis

APAC Market Forecast

Diethyl phthalate market in Asia Pacific region is expected to hold the largest revenue share of 32% during the forecast period. The construction of more homes and businesses, the manufacturing and sales of automobiles, and the steady expansion of the packaging sector are a few macroeconomic drivers driving up diethyl phthalate sales in the region. The need for various cosmetic and personal care goods is also rising significantly in the nation, and this is predicted to support regional business expansion. The primary cause of this expansion is the rise in the usage of plastic and polymer goods in many end-use industries, including building and construction, automotive, aerospace, and electrical and electronics. Diethyl phthalates are in high demand in the nation due to the packaging business, which is anticipated to increase product sales there as well. December 2021 was the largest monthly production of plastic products since January 2020, with 7.95 million metric tons produced.

North American Market Statistics

Diethyl phthalate market in the North America region is attributed to hold the second largest share of about 25% during the forecast period. Due to the growing need for diethyl phthalate as plasticizers in the production of plastics for the automotive industry, the United States is anticipated to lead the diethyl phthalate market in North America.

Research Nester
Diethyl Phthalate Market Size
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Companies Dominating the Diethyl Phthalate Landscape

top-features-companies
    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Thirumalai Chemicals Ltd.
    • I G Petrochemicals
    • Agro Extract Limited
    • MaaS Pharma Chemicals
    • LobaChemie Pvt. Ltd.
    • Ernesto Ventos S.A.
    • Hanwha Solutions
    • Prakash Chemicals International Pvt. Ltd.
    • West India Chemical International
    • Spectrum Chemical Mfg. Corp.

In-the-news

In The News

February 2019: For the second year in a row, Spectrum Chemical Mfg. Corp., a top global producer and distributor of fine chemicals, lab supplies, and equipment, has received the GE Healthcare Life Sciences Distinguished Partner Award for Applied Markets. The award was given to Spectrum Chemical by GE Healthcare Life Sciences, a branch of GE Healthcare, during the National Sales Meeting of Spectrum, which took place in New Brunswick, NJ.

February 2024: With great pleasure, BASF India Limited announces the REDcert2 accreditation of both of its dispersion’s plants, located in Dahej and Mangalore, India. An important step in BASF's dedication to sustainability and environmental stewardship has been reached with the establishment of these plants as the first in India to obtain the REDcert2 standard, an independent third-party audit process. With this certification, BASF is able to provide certified low-footprint dispersions that function exactly like fossil-based dispersions when used in the biomass balancing (BMB) method.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5789
  • Published Date: Mar 01, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growth of the packaging sector, and surging demand from the plastic industry are the major factors driving the growth of the diethyl phthalate market.

The market size of diethyl phthalate is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Croda International Plc, Oleon NV, Wilmar Group, Occidental Petroleum Corporation, Ercros, S.A., FMC Corporation, Olin Corporation, Tokyo Chemical industry Co., Ltd., Nissan Chemcial corporation, and others.

The plasticizer segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Diethyl Phthalate Market Report Scope
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