Global Diethylhexyl Phthalate (DEHP) Market Size By Application, By End-Use Industry, By Product Type, By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Diethylhexyl Phthalate (DEHP) Market Size By Application, By End-Use Industry, By Product Type, By Geographic Scope And Forecast
Diethylhexyl Phthalate (DEHP) Market Size And Forecast
Diethylhexyl Phthalate (DEHP) Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.
Global Diethylhexyl Phthalate (DEHP) Market Drivers
The market drivers for the Diethylhexyl Phthalate (DEHP) Market can be influenced by various factors. These may include
Growing End-Use Industry Demand DEHP is extensively utilized in the construction, automotive, medical device, and plastics industries. DEHP demand is driven by growth in various areas, especially in emerging economies.
Expanding Consumer Products Sector Toys, shoes, and cosmetics are among the products made with DEHP. The need for these products rises along with global consumer expenditure, particularly in developing regions, which in turn propels the DEHP market.
Technological Developments in Medicine DEHP is an essential part of medical equipment such as IV sets, tubing, and blood bags. The need for DEHP in the medical industry is anticipated to increase due to continuing developments in medical technology and an aging population that requires more healthcare services.
Regulatory Standards and Compliance DEHP substitutes are in high demand across a range of industries due to strict regulations pertaining to environmental concerns and product safety. But until practical alternatives are widely employed, DEHP is nevertheless used in accordance with legal requirements, which keeps up demand in the market.
Development in the Construction Industry DEHP is involved in the production of PVC-based materials that are utilized in roofing, cables, and flooring applications. DEHP is still in high demand as a plasticizer due to the expanding building sector, especially in emerging nations.
Growth of the Automotive Industry DEHP is used in wire harnesses, interiors, and other parts of cars. The demand for DEHP is fueled by the growth of the automotive sector and rising vehicle manufacturing globally.
Transition to Sustainable Practices DEHP is under investigation because of possible health and environmental hazards, even though it is widely used. As a result, there is a growing trend toward sustainable alternatives, which may eventually have an effect on the DEHP market. However, variables including regulatory changes and technology breakthroughs will determine how quickly this shift happens.
Global Diethylhexyl Phthalate (DEHP) Market Restraints
Several factors can act as restraints or challenges for the Diethylhexyl Phthalate (DEHP) Market. These may include
Regulations and Health Concerns DEHP has been connected to a number of health problems, including as reproductive toxicity and endocrine disruption. As a result, regulatory bodies have placed limitations on its application, which has caused a drop in demand for products containing DEHP in some areas.
Expanding Preference for Alternatives As a result of expanding knowledge about the harmful effects of DEHP, industries and consumers alike are beginning to favor alternatives that are thought to be safer and more ecologically friendly. This move away from items containing DEHP has a detrimental effect on its market demand.
Price volatility for raw materials DEHP is made from 2-ethylhexanol and phthalic anhydride, both of which are prone to price swings depending on the state of the crude oil market, supply and demand dynamics, and geopolitical unrest. Price volatility for raw materials may have an impact on DEHP’s total cost of manufacturing, which may limit the product’s market expansion.
Growing Environmental Concerns DEHP has been shown to be environmentally persistent and to bioaccumulate in living things, endangering ecosystems. Growing environmental consciousness has resulted in demands for less DEHP use and more stringent disposal laws, which has impacted the product’s growth.
Regulatory Policy Development Ongoing changes to regulations intended to limit the use of DEHP in different applications may impede market expansion. Research & development for substitute formulations is frequently necessary to comply with changing laws, which could raise production costs and have an impact on profitability.
Negative Public Perception Products containing DEHP may come to be seen negatively by the public as a result of increased media coverage and public awareness efforts highlighting the possible health and environmental dangers connected with DEHP. This could have a negative effect on the market by lowering customer trust and demand for DEHP-based products.
Technological Developments in Alternative Materials As a result of ongoing technological developments, substitute plasticizers have been created that perform similarly to DEHP but pose fewer health and environmental hazards. The presence of these substitutes poses a notable obstacle to the expansion of the DEHP industry.
Global Diethylhexyl Phthalate (DEHP) Market Segmentation Analysis
The Global Diethylhexyl Phthalate (DEHP) Market is segmented on the basis of Application, End-Use Industry, Product Type, and Geography.
Diethylhexyl Phthalate (DEHP) Market, By Application
Plastics Industry DEHP is widely used as a plasticizer in the production of PVC-based products such as pipes, cables, flooring, and packaging materials.
Medical Devices DEHP is utilized in medical devices like blood bags, tubing, catheters, and intravenous sets to impart flexibility and durability.
Consumer Goods DEHP is found in consumer products such as toys, footwear, cosmetics, and personal care items where flexibility and softness are desired.
Diethylhexyl Phthalate (DEHP) Market, By End-Use Industry
Construction DEHP is used in construction materials like flooring, roofing, and cables to improve flexibility and durability.
Automotive DEHP is employed in automotive interiors, wire harnesses, and other components to enhance flexibility and resilience.
Healthcare DEHP is extensively used in the healthcare industry for medical devices and equipment manufacturing.
Consumer Goods DEHP is found in various consumer goods, including toys, footwear, and personal care items.
Others This sub-segment encompasses other industries where DEHP finds applications, such as electronics and textiles.
Diethylhexyl Phthalate (DEHP) Market, By Product Type
DEHP Primary Grade This includes pure DEHP used in various applications across industries.
DEHP Secondary Grade Recycled or reprocessed DEHP, often used in less critical applications where purity requirements are lower.
Diethylhexyl Phthalate (DEHP) Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Diethylhexyl Phthalate (DEHP) Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Diethylhexyl Phthalate (DEHP) Market are
BASF SE
Eastman Chemical Company
Evonik Industries
Exxon Mobil Corporation
LG Chem
Mitsubishi Chemical Corporation
SABIC
Sinopec Corp.
Solvay S.A.
Wanhua Chemical Group Co. Ltd.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2031
BASE YEAR
2023
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2020-2022
KEY COMPANIES PROFILED
BASF SE, Eastman Chemical Company, Evonik Industries, Exxon Mobil Corporation, LG Chem, SABIC, Sinopec Corp., Solvay S.A., Wanhua Chemical Group Co. Ltd.
SEGMENTS COVERED
By Application, By End-Use Industry, By Product Type, and By Geography.
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