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    Phthalic Anhydride Market Report

    Phthalic Anhydride Market Report
    Report code - SRAM210 Delivery - 2 Weeks
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    Phthalic Anhydride Market Growth, Share, Trend, Forecast, & Industry Analysis – See more...

    Market Insights

    Phthalic anhydride market is likely to witness an impressive CAGR of 5.2% during the forecast period.

    To know more about the market trends,register here.

    Drivers

    The increasing demand for glass fiber-reinforced plastics in various industries is expected to stimulate the global phthalic anhydride market during the forecast period.

    What is phthalic anhydride?

    Phthalic Anhydride is a crystalline compound that is prepared by the oxidization of naphthalene. The compound can act as an intermediate in the process of manufacturing resins, dyes, and plastics. This crystalline compound is mainly a colorless with needle-like structure but at times can appear to be a lustrous white solid. It has a mild odor and is toxic in nature.

    Phthalic Anhydride is majorly used in polyester resin production. Also, it is used in alkyd resin production that is used in urethane polyester polyols, insect repellents, lacquers, and paints. Rubber scorch is another area where the compound is used. 

    Key Players

    Some of the major players in the market are-

    • Aekyung Petrochemical Co. Ltd.
    • Asian Paints Ltd.
    • BASF S.E.
    • C-Chem Co. Ltd.
    • Exxon Mobil Corporation
    • I.G. Petrochemicals Ltd.
    • Koppers Inc.
    • Mitsubishi Gas Chemicals Co. Ltd.
    • Nan Ya Plastics Corp.
    • Polynt Spa.

    Segment Analysis

    By Derivates Type 

    The market is segmented into plasticizers, unsaturated polyester resins, and alkyd resins. Plasticizers are the significant application parts for phthalic anhydride, tracked by unsaturated polyester resins and alkyd resins. The growing demand for molding PVC articles is stimulating its demand majorly in the Asia-Pacific and ROW regions.

    The increasing application of UPR in reinforced laminates and surface coatings is driving its demand and that for alkyd resins is primarily propelled by the progress in demand for solvent-borne coatings. However, solvent-borne coatings are exceedingly being substituted by water-borne and powder coatings in their scope of application.

    By Region

    Asia-Pacific, South America, and the Middle East signify an increasing demand for PA, while in North America and Europe, the development for its demand is estimated to be relatively low. The prime reason is the toxic profile of phthalic anhydride which may reach the environment by inhalation or leaching. While the noxiousness of phthalic anhydride is the chief reason for limitations on its use, it should be made obvious that not all phthalic anhydride-based products are detrimental or toxic at a normal level.

    Click here, to learn more about the market.

    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast and it provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    Features

    Market Segmentation

    2

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

    The market is segmented into the following categories. 

    By Derivatives Type:

    • Plasticizers 
    • Unsaturated Polyester Resins 
    • Alkyd Resins 

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Research Methodology

    • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
    • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
    • We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence in the most comprehensive way and the structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

    The following are the key features:

    • Overview, industry life cycle analysis, supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Trend and forecast analysis
    • Segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Phthalic Anhydride Market Features

    Market Size in 2025

    USD XX Million

    Market Size in 2020

    USD XX Million

    Market Growth (2020-2025)

    5.2% CAGR

    Base Year of Study

    2019

    Trend Period

    2014-2018

    Forecast Period

    2020-2025

    Segments Covered

    By Derivates Type (Plasticizers, Unsaturated Polyester Resins, and Alkyd Resins),

    By Region (North America, Europe, Asia-Pacific, and Rest of the World).

    Top Companies

    • Aekyung Petrochemical Co. Ltd.
    • Asian Paints Ltd.
    • BASF S.E.
    • C-Chem Co. Ltd.
    • Exxon Mobil Corporation
    • I.G. Petrochemicals Ltd.
    • Koppers Inc.
    • Mitsubishi Gas Chemicals Co. Ltd.
    • Nan Ya Plastics Corp.
    • Polynt Spa

    Dominant Region

    Asia-Pacific has the highest demand during the forecast period.

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the country types by derivatives type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.co

    Frequently Asked Questions (FAQs)

    Phthalic Anhydride is a crystalline compound that is prepared by the oxidization of naphthalene. The compound can act as an intermediate in the process of manufacturing resins, dyes, and plastics. This crystalline compound is mainly a colorless with needle-like structure but at times can appear to be a lustrous white solid. It has a mild odor and is toxic in nature.

    The phthalic anhydride market is expected to witness an impressive growth of 5.2% CAGR in the coming years.

    Aekyung Petrochemical Co. Ltd., Asian Paints Ltd., BASF S.E., C-Chem Co. Ltd., Exxon Mobil Corporation, I.G. Petrochemicals Ltd., Koppers Inc., Mitsubishi Gas Chemicals Co. Ltd., Nan Ya Plastics Corp., and Polynt Spa are among the key players in the market.

    Plasticizer is the major derivative type in the market.

    Asia-pacific has the highest demand in the market.

    The increasing demand for glass fiber-reinforced plastics in various industries is the factor driving the growth of market.

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