Consumption of cosmetic and personal care products has considerably increased due to the growing importance of skin health and personal hygiene among individuals. Various types of cancer, such as breast cancer, are too associated with exposure to diethyl phthalates. Top businesses in the diethyl phthalate industry are investing majorly in R&D to build a larger client base and enlarge their market share by reestablishing improved consumer products.
Data Bridge Market Research shows that the Global Diethyl Phthalate Market is expected to reach USD 698,414.17 thousand by 2030, registering a CAGR of 4.1% from 2022 to 2029.
" Growing Consumption of Cosmetics And Personal Care Products Surge the Market Growth"
The consumption of cosmetic and personal care products has shown a huge rise because of the growing emphasis between individuals on skin health and personal hygiene. The young generation emphasizes healthy skin care more. It has started using cosmetics and personal products such as hair sprays, aftershave lotions, nail polishes, cleansers, and shampoos on a large scale that are not harmful. Such developing cosmetics and personal care products have extended over the years. Thus, the availability of diethyl phthalate is estimated to boost the market's growth.
What restraints the growth of the Global Diethyl Phthalate Market?
"Wide Availability of Alternatives to Diethyl Phthalate"
Diethyl phthalate has been extensively used in consumer goods, cosmetics, plastics, polymers, and packaging. Though due to regulations, and environmental and health issues, there has been an increase in the availability and use of numerous substitutes for diethyl phthalate. Epoxidized soybean oil (ESBO) is widely used as a plasticizer and compatibilizer combined with diethyl phthalate. It has also found its application as a plasticizer in seals for glass jar and act as a stabilizer to reduce the UV degradation of polyvinyl chloride. All these major factors impede the growth of the market.
Segmentation: Global Diethyl Phthalate Market
The global diethyl phthalate market is segmented on the basis of purity type, type, application, and end-user.
- On the basis of Purity, the diethyl phthalate market is segmented into high Purity (≤99%) and ultra-high Purity (≥99.5%).
- On the basis of type, the diethyl phthalate market is segmented into industrial grade, cosmetic grade and others.
- On the basis of application, the diethyl phthalate market is segmented into the plasticizer, binder, cosmetic ingredients, solvents, and alcohol denaturants.
- On the basis of end-user, the diethyl phthalate market is segmented into packaging, cosmetic & personal care, plastics & polymers, surfactants, agrochemicals, paints and others.
Regional Insights: North America is expected to dominate the Global Diethyl Phthalate Market
North America dominates the market because of the increasing demand for diethyl phthalate as plasticizers to produce plastics for the automotive sector. Also, the advanced development in different technologies is boosting market growth.
Asia-Pacific is expected to grow in 2023-2030 because of the increasing demand for diethyl phthalate as plasticizers to produce plastics for the automotive industry. Also, the rising demand for agrochemicals is increasing the adoption of diethyl phthalate.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-diethyl-phthalate-market
Recent Developments in Global Diethyl Phthalate Market
- In 2020, Spectrum Chemical Mfg. Corporation received GE Distinguished Partner Award for Applied Markets for Second Consecutive Year. This award will aid the company in getting recognition on a huge scale.
The Prominent Key Players Operating in the Global Diethyl Phthalate Market Include:
- Bio-Rad Laboratories Inc. (U.S)
- PerkinElmer (US)
- Danaher (US)
- Thermo Fisher Scientific (US)
- Agilent Technologies Inc. (US)
- Biotron Healthcare Pvt. Ltd., (Germany)
- Thirumalai Chemicals Ltd (India)
- I G Petrochemicals Ltd (India)
- TCI Chemicals (India) Pvt. Ltd (India)
- Indo-Nippon Chemical Co. Ltd (India)
- Agro Extracts Limited (India)
- Maharashtra Aldehydes & Chemicals Ltd. (India)
- Demon Chemicals Co., Ltd. (China)
Above are the key players covered in the report, to know about more and exhaustive list of global diethyl phthalate market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Diethyl Phthalate Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
