Europe Diethyl Phthalate Market :: Growing with a CAGR of 4.2%, Key players, Regional Overview, Development Environment, supply and demand, Industry Trends and Forecast to 2029
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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 4.2% in the forecast period of 2023 to 2030 and is expected to reach USD 145,802.77 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%.
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.
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
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