Diethyl Phthalate Market Trends

Growth Drivers

• Diethyl phthalate is being used more often to make plasticizers for the automobile sector- There is an urgent need to reduce weight and fuel consumption in the modern world. Diethyl phthalates are therefore one of the main ingredients in vehicle plastics. The average motor vehicle's dashboard, engine covers, seating, interior wall panels, carburetors, handles, cable insulation, truck bed liners, and many other components are composed of plastic. Among the polymers used in the construction of automobiles are polypropylene, polyvinyl chloride, polystyrene, polycarbonate, and polyethylene. One of the common plasticizers used to create these polymers and plastics is diethyl phthalate. They increase the plastic's pliability. In addition, DEP is a biodegradable substance that is utilized in the production of car components and diagnostic and therapeutic tubes. In 2021, there was a 3% year-over-year growth in the production of motor cars, with around 80 million vehicles produced worldwide.
• Growth of the Packaging Sector- Plastic films and bubble wrap are two common packaging materials used in the packaging business. Plasticizers like diethyl phthalate are successfully employed in huge quantities during the manufacturing process to create such materials. Diethyl phthalate is utilized as a plasticizer for cellulose ester plastic sheets and films, which are used in molded and extruded products, blister packaging, photographic film, and tape applications. As a result, as the packaging sector grows, so too will the demand for diethyl phthalate in the upcoming years. This is anticipated to present profitable growth prospects for the diethyl phthalate market globally.
• Increasing Demand from The Plastic and Polymer Industries for Diethyl Phthalate- In the polymer and plastics industries, diethyl phthalate is used to increase the final product's flexibility. The polymer sector has grown as a result of accelerated industrialization, rising incomes, changing lifestyles, and the growing use of polymer-based products in daily life. Polymers find application in the fields of healthcare, agriculture, construction, apparel, furniture, and electronics. A material added to a material to improve its workability, flexibility, or distensibility is called a plasticizer or softener. A plasticizer has the ability to decrease the viscosity of the melt, lower the second-order transition temperature, or lower the melt's elastic modulus.

Challenges

• Existence of diethyl phthalates substitutes on the Diethyl Phthalate Market - Diethyl phthalate finds extensive application in the packaging, consumer products, plastics and polymers, cosmetics, and consumer goods sectors. However, the availability and use of different diethyl phthalate replacements have increased due to legislation, environmental concerns, and health risks. In addition to diethyl phthalate, epoxidized soybean oil (ESBO) is employed as a compatibilizer and plasticizer. Additionally, ESBO has been used as a plasticizer in glass jar seals and as a stabilizer to lessen the UV-induced deterioration of polyvinyl chloride. Trimellitates have also been utilized as an alternative to diethyl phthalate, which is utilized in flooring, wall coverings, and packaging. Acetyl tributyl citrate is utilized in PVC applications and cosmetic items as a plasticizer.
• The risks connected to prolonged and excessive usage of diethyl phthalate could prevent the industry from expanding.
• The diethyl phthalate market is negatively impacted by the COVID-19 epidemic. The production of diethyl phthalates was severely hindered by supply chain disruptions and restrictions.