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Diethyl Phthalate Market Trends

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

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Diethyl Phthalate Market Trends

The global diethyl phthalate market is expanding on account of the rising consumer awareness, industrialization, the rising type demand, emerging sectors, and technological advancements. In this industry, revenue and sales have grown exponentially. Due to the variables promoting market expansion, both market size and growth are estimated to increase.

Due to the increased emphasis on skin health and personal hygiene, the use of cosmetics & personal care goods has increased significantly. Young people are beginning to utilize cosmetics & personal care items, such as nail polish, hair spray, aftershave lotions, cleansers, and shampoos, on a large scale as they understand the importance of skin care. As customers are increasingly becoming more mindful of appearance and dangerous sunrays, anti-aging & sun protection goods have a large user base.

Additionally, changing economic conditions and the changing lifestyle have increased the spending on personal grooming, particularly among women. The range of these evolving personal care & cosmetics items has grown over time and will continue to do so.

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.