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Diethyl Phthalate Market Size

Report ID: GMI5629
Published Date: May 2023
Report Format: PDF

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Diethyl Phthalate Market Size

Diethyl Phthalate Market size exceeded USD 138.21 million in 2022 and is slated to showcase over CAGR 4.1% between 2023 and 2032. The increasing consumption of cosmetics & personal care types and the rising demand for diethyl phthalate from the plastic industry are major factors driving the business growth.

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China is a dominant nation in the Asia Pacific region due to the rapid technological growth in the country. Due to the increased demand for diethyl phthalate as plasticizers to make plastics for the automotive industry, the U.S. is predicted to lead the diethyl phthalate market in North America.

Diethyl Phthalate Market Report Attributes
Report Attribute	Details
Base Year:	2022
Diethyl Phthalate Market Size in 2022:	USD 143 Billion
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	4.2%
2028 Value Projection:	USD 219 Billion
Historical Data for:	2018 to 2022
No. of Pages:	350
Tables, Charts & Figures:	351
Segments covered:	Type, Purity, Application, End-user, and Region
Growth Drivers:	Increasing use of diethyl phthalate in plasticizers for the automotive industry is bolstering the product market Rising usage of diethyl phthalate in plastic & polymer industry is driving the industry
Pitfalls & Challenges:	High availability of substitute products

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Agrochemicals such as diethyl phthalate are used to keep pests & insects away from crops. The demand for insecticides is increasing owing to the rising instances of insect attacks on crops. Inert components such as diethyl phthalate are used in herbicides used on crops raised for food. As a result, the use of diethyl phthalate in pesticides & insecticides is set to increase, ultimately contributing to an increase in farmer revenue.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of diethyl phthalate exceeded USD 138 million in 2022 and will showcase over 4% CAGR from 2023 to 2032 due to the rising consumption of cosmetics & personal care products worldwide.

Industrial grade diethyl phthalate industry size is expected to grow exponentially through 2032 owing to the increasing need for plasticizer in the manufacturing of various plastics products, including polyvinyly chlioride (PVC) and rubber.

Asia Pacific market for diethyl phthalate industry will gain significant traction from 2023 to 2032 on account of the rapidly growing industrial and consumer base in the region.

BASF SE, ExxonMobil Chemical, Eastman Chemical Company., LG Chem, Farinia Group, Aekyung Petrochemical, UPC Technology., Teknor Apex Company, KLJ Group, Jayfle Plasticizers., Mitsubishi Chemical Corporation are leading industry players.