Diethyl Phthalate Market Snapshot

As per the latest analysis of FMI, the global diethyl phthalate market is expected to top a valuation of US$ 141.1 Million by the year 2023. The rising demand from various end-use industries is anticipated to grow the market with a moderate growth rate of 2.2% to reach a valuation of US$ 175.4 Million by the end of 2033.

Attributes Details
Market Size (2022) US$ 138.1 Million
Market Size 2023 US$ 141.1 Million
Market Size 2033 US$ 175.4 Million
Value CAGR (2023 to 2033) 2.2%
Top 3 Countries Share (2023) 52.4%

Diethyl phthalate is a chemical compound is a diethyl ester of phthalic acid that belongs to the phthalate ester family. It is a clear, colourless liquid that is slightly denser than water and has low volatility. It is commonly synthesized via the Oxo or Ald-Ox processes and is also known as phthalol or solvanol.

Diethyl phthalate also finds a wide range of applications in the cosmetic and personal care sector for the manufacturing of numerous products, such as toiletries, bathing soaps, and various other skincare products. Robust growth of the cosmetic and personal care product industry is one of the key factors bolstering the sales of diethyl phthalates during the forecast period.

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Historic (2018 to 2022) Vs Forecast (2023 to 2033) Market Outlook for Global Market

According to the FMI analysis, the global diethyl phthalate market witnessed a CAGR of 1.9% during the historical period of 2018 to 2022. The market stands at US$ 138.1 Million in 2022. The industry is anticipated to foresee an increased CAGR of 2.2% during the forecast period of 2023 to 2033. Increasing demand for diethyl phthalate in plasticizers for the manufacturing of packaging films, automotive parts, tools, and plastic films are expected to bolster the growth of the product market during the forecast period.

Plastic films and bubble wraps are two common packaging materials used in the packaging industry. Plasticizers like diethyl phthalate are widely used in the production of such packaging materials. Diethyl phthalate as a plasticizer is widely used in blister packaging, cellulose ester plastic films and sheets for photographic, and tape applications, as well as moulded and extruded items. The robust growth of the packaging industry owing to significant demand from various end-use industries is expected to accelerate the growth of the product market across the globe.

Market Dynamics

Increasing use of diethyl phthalate in plasticizers for the automotive industry is bolstering the product market

The global automotive industry is witnessing an increasing need to reduce the weight and fuel consumption of vehicles. Diethyl phthalates are one of the main compounds utilized in the manufacturing of various vehicle components. It is estimated that a typical automobile vehicle contains one-third of automotive components, such as a dashboard, interior wall panels, engine cover, seating, handles, cable insulation, truck bed liners, carburettors, and many more.

Polypropylene, polystyrene, polycarbonate, polyvinyl chloride, and polyethylene are a few common types of plastics utilized in the manufacturing of these components. Diethyl phthalate is a common plasticizer used in the production of these polymers and plastics to increase their flexibility. Diethyl phthalates are also biodegradable material that is utilized in the production of automotive parts as well as tubes used in medical treatment and diagnostics.

Rising usage of diethyl phthalate in plastic & polymer industry is driving the industry

Diethyl phthalate is widely utilized in the plastics and polymer industries to increase the flexibility of their manufactured products. Growing urbanization, rapid industrialization, rising consumer disposable income, changing lifestyles, and a surge in the use of polymer-based products in everyday life have all contributed to the growth of the polymer industry.

Polymers are used in a variety of applications, including agriculture, healthcare, furniture, clothing, electronics, housing, and construction. A plasticizer, also known as a softener, is a substance or material that is incorporated into a material (typically plastic or elastomer) to increase its workability, flexibility, or distensibility. A plasticizer can lower the viscosity of the melt, the temperature of the second-order transition, or the elastic modulus of the melt.

High availability of substitute products can limit the market expansion in forecast period

Diethyl phthalate has a wide range of applications in consumer goods, cosmetics, polymers, and plastics and packaging industries. Owing to its various environmental and health issues diethyl phthalate is associated with various stringent regulations, especially in North America and European countries. These regulations, environmental concerns, and health problems have led to an increase in the availability and use of several diethyl phthalate substitutes. The growing availability and increasing adoption of diethyl phthalate substitutes, such as Epoxidized soybean oil (ESBO), trimellitates, and acetyl tributyl among various end-use industries, such as wall coverings, packaging, and flooring are expected to hamper the growth of the product market during the forecast period.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Segment-wise Analysis

Which segment dominates the market of diethyl phthalate by type?

By application, plasticizers dominate consumption in the market

Based on application, the plasticizers segment is estimated to lead the diethyl phthalates market in 2023, in terms of value. Plasticizers are polymers with a low molecular weight that are used to increase the elasticity, durability, and flexibility of the material. Plasticizers are used in cosmetics and PVC for a variety of applications including electronic equipment, medical equipment, wall coverings, flooring, toys, tubes, and many others. The robust growth of these end-use industries is one of the prominent factors bolstering the demand for plasticizers across the globe.

Which end use segment has the largest consumption of diethyl phthalate?

Plastic and Polymers consume a larger share of the market

Based on the end use, the plastic and polymers segment of diethyl phthalate is leading the global market in 2023 and is expected to continue this dominance during the forecast period. Plastic and polymers utilized diethyl phthalates for the manufacturing of PVC cables, films, and various other plastics that require flexibility. The increasing demand for these products from various end-use industries, such as construction, automotive, medical, and many others are anticipated to bolster the growth of the product market in the plastic and polymers industry.

Country-wise Analysis

Which country is leading the global diethyl phthalate market by consumption?

Robust growth of plastic and polymer industry makes China a leading country for market

The Chinese diethyl phthalates market is estimated to hold a significant market share of the global market in 2023. This growth is primarily attributed to the increase in consumption of plastic and polymers products in several end-use industries such as automotive, aerospace, electrical & electronics, building & construction, and more. The country is also witnessing a surge in the demand for diethyl phthalates from the packaging industry, which is also expected to bolster the sales of product in the country.

How is India performing in the global diethyl phthalate market?

Increasing recreation boating activities in Europe to create lucrative market opportunities for market

India is estimated to hold a significant market share of the diethyl phthalate market and is expected to expand at a significant CAGR during the coming assessment period. Increasing production and sales of automotive vehicles, growing construction of residential and commercial buildings, and robust growth of the packaging industry are a few macroeconomic factors proliferating the sales of the diethyl phthalate market during the forecast period. The country is also witnessing a significant increase in the demand for several cosmetic and personal care products, which is also anticipated to augment growth of the product market in the country.

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Market Competition

The market participants in the market are focused to increase their market presence through M&A activities. Several companies are funding to expand their product portfolios of diethyl phthalate chemicals and serve a wide range of industries. Manufacturers are investing in the research and development of new and innovative products which comply with various environmental and health regulations.

Few of the key participants present in the global demand of the Diethyl Phthalate market include 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, Spectrum Chemical, LobaChemie Pvt. Ltd., Polynt S.p.A., K.L.J. Group, Demon Chemicals Co., Ltd, PCIPL, West India Chemical International among others.

Scope of the Report

Attribute Details
Growth Rate CAGR of 2.2% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2017 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in USD Million, Volume in Tons, and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered Grade, Application, End Use, Region
Regions Covered North America; Latin America; East Asia; South Asia and the Pacific; Western Europe; Eastern Europe; Central Asia; Russia and Belarus; Balkan and Baltic Countries; The Middle East and Africa
Key Countries Covered USA, Canada, Mexico, Brazil, Argentina, Germany, France, Spain, Italy, BENELUX, NORDICS, United Kingdom, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, Kingdom of Saudi Arabia, The United States of Emirates, Türkiye, Northern Africa, South Africa, Israel
Key Companies Profiled Thirumalai Chemicals Ltd.; I G Petrochemicals; T.C.I. Chemicals (India) Pvt. Ltd.; Indo Nippon Chemical Co., Ltd.; Agro Extracts Limited; Maharashtra Aldehydes and Chemicals Ltd.; MaaS Pharma Chemicals; Spectrum Chemicals; LobaChemie Pvt. Ltd.; Ernesto Ventós S.A.; Actylis; Polynt S.p.A.; K.L.J. Group; Demon Chemicals Co. Ltd.; Prakash Chemicals International Pvt. Ltd.; West India Chemical International
Customization & Pricing Available upon Request

Key Segments Profiled in the Diethyl Phthalate Market Report Diethyl Phthalate Market

By Grade, Diethyl Phthalate Market is segmented as:

  • High Purity (≤ 99%)
  • High Purity (≤ 99%)

By Application, Diethyl Phthalate Market is segmented as:

  • Binder
  • Plasticizer
  • Solvent
  • Cosmetic Ingredient

By End Use, Diethyl Phthalate Market is segmented as:

  • Cosmetic and Personal Care
  • Agrochemicals
  • Plastic and Polymers
  • Surfactants
  • Packaging

By Region, Diethyl Phthalate Market is segmented as:

  • North America
  • Latin America
  • East Asia
  • South Asia and Pacific
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia and Belarus
  • Balkan and Baltic Countries
  • Middle East and Africa

Frequently Asked Questions

What was the global market size reported by FMI for 2022?

In 2022, the value of the global market reached over US$ 138.1 Million.

What is the global market estimated to reach in 2023?

In 2023, the value of the global market reached over US$ 141.1 Million.

What is the global market valuation expected for 2033?

The global market is projected to reach US$ 175.4 Million by the end of 2033.

What value CAGR did the industry exhibit over the last 4 years?

The global market exhibited a CAGR of 1.9% over the last 4 years.

What is the projected CAGR for the industry from 2023 to 2033?

The global market is estimated to grow with a CAGR of 2.2% from 2023 to 2033.

Which segment type will garner significant value share by 2023?

The plasticizers application segment is estimated to lead the global market in 2023.

Which segment type is predicted to expand rapidly between 2023 and 2033?

The plastics and polymers end use segment is projected to lead the global market in the forecast period.

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