Asia-Pacific Diethyl Phthalate Market – Industry Trends and Forecast to 2030

Asia-Pacific Diethyl Phthalate Market Analysis and Size

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.

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.

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%

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 Asia-Pacific 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.

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.

Restraints/Challenges

• Availability of alternatives to diethyl phthalates in the market

Diethyl phthalate has been widely used in cosmetics, consumer goods, plastics and polymers and packaging industry. However because of regulations, environmental and health issues there has been rise in availability and use of various substitutes of diethyl phthalate. Epoxidised soybean oil (ESBO) is used as plasticizers and compatibilizers along with diethyl phthalate. ESBO has also found its application as plasticizers in seals for glass jar and also act as stabilizer to decrease UV degradation of polyvinyl chloride. Similarly, Trimellitates have also been used as a substitute to diethyl phthalate which are used in wall coverings, packaging and flooring. In cosmetic products, acetyl tributyl citrate is used as a plasticizer in cosmetic products and in PVC applications.

• Hazards associated with excessive and long term use of diethyl phthalate

Diet is one of the main ways in which diethyl phthalates are consumed by consumers. Food packaging materials such as gloves used during food preparation, and vinyl plastic tools and materials can leak these chemicals into food. Diethyl phthalate when released in water sources, affects the marine life. Therefore, the presence of such harmful toxin in fish and other sea creatures directly harm the human health when these sea food items are consumed. The use of personal care products, vinyl flooring and wall coverings tends to release diethyl phthalate in large quantities. Such daily exposure to chemical can cause detrimental health effects not only to adults but also to children who are in their early growth.

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

Thediethyl 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.

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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