Diethyl Phthalate Industry - Regional Synopsis
APAC Market Forecast
Asia Pacific industry is poised to account for largest revenue share of 32% by 2037, The construction of more homes and businesses, the manufacturing and sales of automobiles, and the steady expansion of the packaging sector are a few macroeconomic drivers driving up diethyl phthalate sales in the region. The need for various cosmetic and personal care goods is also rising significantly in the nation, and this is predicted to support regional business expansion. The primary cause of this expansion is the rise in the usage of plastic and polymer goods in many end-use industries, including building and construction, automotive, aerospace, and electrical and electronics. Diethyl phthalates are in high demand in the nation due to the packaging business, which is anticipated to increase product sales there as well. December 2021 was the largest monthly production of plastic products since January 2020, with 7.95 million metric tons produced.
North American Market Statistics
Diethyl phthalate market in the North America region is attributed to hold the second largest share of about 25% during the forecast period. Due to the growing need for diethyl phthalate as plasticizers in the production of plastics for the automotive industry, the United States is anticipated to lead the diethyl phthalate market in North America.
