A Qualitative Research Study accomplished by Data Bridge Market research's database of 350 pages titled as “Global Diethyl Phthalate Market” with 100+ market data Tables Pie Charts Graphs & Figures spread through Pages and easy to understand detailed analysis. Diethyl Phthalate Market research report works as a best solution to know the trends and opportunities in the Diethyl Phthalate Market industry. The report has been framed with the most excellent and superior tools of collecting recording estimating and analyzing market data. This report gives broader perspective of the market place with its all-inclusive market insights and analysis. The information statistics facts and figures delivered via this report helps companies in Diethyl Phthalate Market industry to maximize or minimize the production of goods depending on the conditions of demand. Diethyl Phthalate Markets are similar to traditional financial markets in several aspects. Diethyl Phthalate Markets potentially have much in common with stock markets. Events on which wagers are made could be anything from more traditional activities such as dog or horse to sports like American football and soccer. Bets are normally made through bookmakers which is also known as sports books. These bookmakers operate both as land-based establishments such as at casinos or betting shops and online.
Data Bridge Market Research analyses that the 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
