Asia-Pacific Diethyl Phthalate Market to reach USD 352,029.05 thousand by 2030
The diethyl phthalate market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.4% in the forecast period of 2023 to 2030 and is expected to reach USD 352,029.05 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
Definition
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%
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 Asia-Pacific diethyl
phthalate market.
Recent Developments
·
In February, Spectrum Chemical Mfg. Corporation Receives GE
Distinguished Partner Award for Applied Markets for Second Consecutive Year.
This award will help the company to get recognition on larger scale.
·
In December, PCIPL gets recommended again for prestigious ISO certification.
Process orientation of the company which is so uncommon amongst most of the
distribution companies has given us this edge and is helping us not just in our
business but also fetching recognition by professional bodies of high repute
like TUV SUD.
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.
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Diethyl
Phthalate Market Regional Analysis/Insights
The
diethyl phthalate market is segmented on the basis of purity type, by type,
applications, and end-user.
The countries
in the diethyl phthalate market are the Japan, China, South Korea, India,
Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New
Zealand, and the Rest of Asia-Pacific.
China
dominates in the Asia-Pacific region due to advanced development in
technologies.
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 Asia-Pacific 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.
Competitive
Landscape and Diethyl Phthalate Market Share Analysis
The
diethyl phthalate market competitive landscape provides details by competitors.
Details included are company overview, company financials, revenue generated,
market potential, investment in research and development, new market
initiatives, production sites and facilities, company strengths and weaknesses,
product launch, product trials pipelines, product approvals, patents, product
width and breadth, application dominance, technology lifeline curve. The above
data points provided are only related to the companies’ focus related to the
diethyl phthalate market.
Some of
the major market players operating in the 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 among others.
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