Research Nester’s recent market research analysis on “Diethyl Phthalate Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global diethyl phthalate market in terms of market segmentation by purity, type, application, end user and by region.

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Growth of the Packaging Sector to Promote Global Market Share of Diethyl Phthalate Market

The global diethyl phthalate market is estimated to grow majorly on account of the growth of the packaging sector as plastic films and bubble are two common materials which are used in the packaging business. Diethyl phthalate are employed in large quantities during manufacturing process to create such materials. Moreover, diethyl phthalate is used as a plasticizer for cellular ester plastic sheets which used in molded and extruded products and tape applications. Consequently, the growth of packaging sector will increase the demand for diethyl phthalate in the upcoming years. This is expected to present the profitable growth of diethyl phthalate market globally. According to PACKMOJO, companies spend 10-40% of the product’s retail price on packaging.

Some of the major growth factors and challenges that are associated with the growth of the global diethyl phthalate market are:

Growth Drivers:

The growing demand from the plastic and polymer industries for diethyl phthalate.
The increasing use of diethyl phthalate to make plasticizers for the automobile sector.
Challenges:

Existence of diethyl phthalate substitutes, excessive usage of diethyl phthalate and COVID-19 impact are the major factors anticipated to hamper the global market size of diethyl phthalate. Due to environmental concerns, legislation and health risks, the availability and use of different diethyl phthalate replacements have increased. Diethyl phthalate finds extensive application in the packaging, consumer products cosmetic and consumer goods sector. Moreover, Epoxidized Soybean Oil (ESBO) is employed as compatibilizer in addition to diethyl phthalate. The ESBO works as a stabilizer to lessen the UV-induced deterioration of polyvinyl chloride.

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By end user segment in the global diethyl phthalate market is segmented into packaging, cosmetics & personal care, plastics & polymers, paints, agrochemical, surfactants. The plastics & polymers segment is to garner a significant revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The segment growth can be attributed to factor that the significant use of diethyl phthalate in polymers and plastics industry to improve the final products’ flexibility. In addition, diethyl phthalate were used in the production of PVC cables and other flexible plastics by the plastics industry. The growth in the market for these products in automotive and construction industry is anticipated to support the expansion of plastic and polymer industry product market. According to recent report, the worldwide production of plastic reached 400.3 million metric tons in 2022.

By region, the Europe in diethyl phthalate market is to generate the significant revenue of by the end of 2036. This growth is anticipated by the increasing usage of cosmetic products from cosmetic industry and rise in the demand for diethyl phthalate in plastic industry. Moreover, the use of diethyl phthalate in plastic industry is to make the product more flexible. The increase in income and lifestyle changes has led to increase the demand of plastic based products and growth of plastic industry which stimulate the growth of market in the region. According to recent report, plastic production in Europe alone amounted to 52.2 Mt in 2021. In addition, the technological advancement in personal care products stimulate the diethyl phthalate market in the region.

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