Diethyl Phthalate Market is expected to reach US$ 93.0 million by 2030

Diethyl Phthalate Market Size
Global Diethyl Phthalate Market reached US$ 72.1 million in 2022 and is expected to reach US$ 93.0 million by 2030, growing with a CAGR of 3.2% during the forecast period 2023-2030.

One of the commonly used packaging materials in the packaging industry is bubble wrap, and it often relies on plasticizers such as diethyl phthalate in substantial quantities during production. Diethyl phthalate serves as a plasticizer for cellulose ester plastic films and sheets used in various applications, including photography, blister packaging, tape applications, and molded and extruded products.

As the packaging sector continues to evolve, the demand for diethyl phthalate is expected to increase, presenting lucrative opportunities for the global diethyl phthalate market. China, a significant contributor to the packaging industry, plays a pivotal role in driving the growth of the regional diethyl phthalate market. China currently holds nearly half of the regional market shares, and it is projected to exhibit the highest Compound Annual Growth Rate (CAGR) during the forecasted period, further solidifying its position as a key player in the global diethyl phthalate market.

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Market Dynamics

Diethyl phthalate finds growing use as a plasticizer in the polymer and plastics sector, where its role is to enhance the flexibility of the final product. The surge in industrialization, increasing incomes, evolving lifestyles, and a growing reliance on polymer-based items in daily life contribute to the expansion of the polymer sector. Various industries, including healthcare, agriculture, textiles, housing, furniture, electronics, and construction, heavily depend on polymers.

A plasticizer or softener is a substance added to a material, often a plastic or elastomer, to enhance its flexibility, workability, or distensibility. Plasticizers can influence the temperature of the second-order transition, the elastic modulus of the melt, or the viscosity of the melt. The demand for diethyl phthalates in the polymer industry is driven by these factors, further bolstering the global market as the need for enhanced flexibility and workability in polymer-based products continues to grow.

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Market Segmentation

By Purity
High Purity (≤99%)
Ultra High Purity (≥99.5%)

By Type
Industrial Grade
Cosmetic Grade
Others

By Application
Plasticizer
Binders
Cosmetic Ingredient
Solvent
Others

By End-User
Packaging
Cosmetic & Personal Care
Plastics & Polymers
Surfactants
Agrochemicals

Market Key Players
Major players 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 and LobaChemie Pvt. Ltd.

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