H1 2023: In H1 2023, Dibutyl Phthalate (DBP) prices fluctuated in the Asia Pacific region. Dibutyl phthalate (DBP) experienced an early spike in demand following the Chinese New Year, which was followed by an uptick in market sentiment despite low stocks. But the fall in PVC industry orders in mid-Feb stabilized the market and lightened the load on production facilities. The steady supply of phthalic anhydride (feedstock) contributed to moderate the price trend of DBP till March. It was also significant that market participants were under pressure from abundance of inventories. In Asia pacific, prices were stable till May. The persistent difference between supply and demand create gap which resulted in increase in prices. The demand for DBP by the downstream plasticizer industries led to fluctuation in market scenario in APAC. The downstream industries' demand in the Indian market was hindered in June. On the other hand, DBP market in the US remained bullish throughout H1 2023. Dibutyl phthalate (DBP) market saw price inflation because of hike in the raw material costs and pressure on transportation costs. Profit and volume growth in the DBP industry were also being impacted by the high demand from the downstream plasticizer sector as well as by declined inventories in the area. Overall, it appeared that the demand for DBP had increased throughout the first half of 2023 as a result of a number of variables, such as high demand, input price inflation, and low inventories across USA.
The global Dibutyl Phthalate (DBP) market stood at approximately 220 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.12% during the forecast period until 2032. Dibutyl phthalate (DBP), a crucial plasticizer, particularly for PVC coating. It provides good solubility, dispersion, and connection, capacity, and ability to work with dye for dyeing synthetic leather, membranes, and plastic products. Dibutyl phthalate is often employed to soften rubber.
Dibutyl Phthalate is a substance from the phthalate ester family that is often utilized as a plasticizer, which is a chemical added to plastics to increase their flexibility and robustness. Due to its many advantages, DBP is mostly used in the lubricating oil, adhesives, and plasticizer industries to increase efficiency. DBP is also used as a plasticizer to create plastic, rubber, and other materials. Dibutyl phthalate (DBP) is a plasticizer. Plasticizers are compounds that make polymers more elastic and flexible by lowering their rigidity and brittleness, which makes it easier for them to flow into molds. Dibutyl phthalate (DBP) can be used to create flexible PVC, which is more in demand for usage in applications including flooring, wire and cable insulation, and medical tubing. Dibutyl phthalate (DBP) is used in adhesives as a plasticizer and an addition to enhance functionality. Additionally, it serves as a solvent for some sticky resins. It bestows on adhesive the necessary physical qualities, such increased flexibility and adherence. Additionally, it enhances thermal stability, low-temperature viscosity, rheological behavior, etc. DBP is also widely utilized in the paint and coatings sector to improve the viscosity and adhesion qualities of those products. To improve bonding strength, it is often used as a component in adhesives. DBP is also used in the manufacture of lubricants to increase their viscosity and decrease friction.
The market is expanding as a result of the rising demand for flexible plastics in a variety of applications, including packaging, construction materials, and vehicle interiors. The development of the automotive and construction sectors in emerging economies is also driving up demand for DBP. The need for flexible plastics is projected to continue to be driven by factors such rising urbanization, rising disposable incomes, and shifting consumer tastes, which will most likely further fuel the expansion of the DBP market in the near future. The global Dibutyl Phthalate (DBP) market is anticipated to expand and reach roughly 300 thousand tonnes by 2032.
Geographically, Asia Pacific region holds the top position in terms of consuming DBP. The demand for DBP is being fuelled by the rapid urbanization and industrialization of emerging nations, particularly in the Asia-Pacific region. Numerous end-use sectors that largely rely on PVC and plasticizers like DBP are growing thanks to the region's rising disposable income, evolving lifestyle, and expanding population. China is the largest consumer of DBP owing to the presence of numerous plasticizer factories and general use goods located in the region. The Asia Pacific economy is characterized by high industrial output and rapid urbanization, which has led to an increase in infrastructure activities. Over the forecast period, it is anticipated that these factors will further drive product consumption across a variety of applications, including plasticizers, paints & coatings, adhesives, and lubricants. Although, consumption in North America and Europe are minimal due to restrictions by the governments.
Based on the end-user industry, the global Dibutyl Phthalate (DBP) market is divided into Plasticizer, Adhesives, Printing Inks, and Others. Among these, Plasticizer sector is the major segment and held about 70% of the global Dibutyl Phthalate (DBP) market in 2022. DBP is generally utilized to soften and increase the flexibility of polymers. To enhance the material properties of polyvinyl chloride (PVC), it is frequently used as a plasticizer. Raincoats, shower curtains, bowls, food wraps, car interiors, floor tiles, vinyl textiles, etc. are typical uses for dibutyl phthalate.
Significant players in the Global Dibutyl Phthalate (DBP) market are Eastman, Nan Ya Plastics (NPC), Aekyung Petrochemical, UPC Group, KLJ Group, Geo Young Corporation, Taoka Chemical, Kaifeng Jiuhong Chemical, Shandong Kexing Chemicals, Henan Kingway Chemicals, Puyang Zhongke Xinyuan Petroleum Chemical, Hangzhou Qianyang Technology, and Zhejiang Jianye Chemical.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Dibutyl Phthalate (DBP) which covers production, demand and supply of Dibutyl Phthalate (DBP) market in the globe.
• To analyse and forecast the market size of Dibutyl Phthalate (DBP)
• To classify and forecast Global Dibutyl Phthalate (DBP) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Dibutyl Phthalate (DBP) market in the globe.
To extract data for Global Dibutyl Phthalate (DBP) market, primary research surveys were conducted with Dibutyl Phthalate (DBP) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Dibutyl Phthalate (DBP) market over the coming years.
ChemAnalyst calculated Dibutyl Phthalate (DBP) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand for Dibutyl Phthalate (DBP) by the end-user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Dibutyl Phthalate (DBP) manufacturers and other stakeholders
• Organizations, forums and alliances related to Dibutyl Phthalate (DBP) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Dibutyl Phthalate (DBP) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Dibutyl Phthalate (DBP) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
220 thousand tonnes
Market size Volume in 2032
300 thousand tonnes
Growth Rate
CAGR of 3.12% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Plasticizer, Adhesives, Printing Inks, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Dibutyl Phthalate (DBP) in terms of volume in 2022?
Ans:
The global market size of Dibutyl Phthalate (DBP) has reached approximately 120 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Dibutyl Phthalate (DBP)?
Ans:
Asia Pacific region is the leading consumer of Dibutyl Phthalate (DBP) globally.
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