Phthalic anhydride is an organic
compound used mainly for the production of plasticizers and dyes.
Phthalic anhydride has applications in various industries such as
plastic, paints and coatings, pharmaceutical, consumer goods, pigment,
and resins. The market has experienced a negative growth during the
economic downturn but now the consumption of phthalic anhydride is
growing owing to the increase in demand from end-users. Phthalic
anhydride is an important raw material for the production of compound
esters, phthalimide, and phthalonitrile, etc.
Plasticizers are the most dominant
application of phthalic anhydride followed by unsaturated polyester
resins and alkyd resins. Building, communication and Cable wire, sheet
and film, dispersions (flooring and other) and coated fabrics are the
major markets for plasticizers. The growth in construction and
reconstruction, automobile, and the OEM industry is expected to drive
the demand for phthalic anhydride.
Global consumption of phthalic
anhydride is forecasted to grow at a steady rate but might vary based on
applications and regions. China and Europe are the two major markets in
the phthalic anhydride industry in terms of consumption, whereas it is
expected that Asia-Pacific and South America will show high growth rates
in the future.
To
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The phthalic anhydride market is
moving towards emerging economies like India and China owing to the
increase in demand for plasticizers in the region. China is one of the
top choices for investments in the phthalic anhydride industry and is
also the largest producer and consumer. Some of the factors holding back
the phthalic anhydride market are stricter environmental regulations on
the use of phthalates and alkyd resins, shift of interest to the use
and development of non-phthalate plasticizers and increasing demand for
environmentally friendly coatings.
Some of the key participants in the
market are Polynt, Stepan Company, I. G Petrochemicals, Isegen South
Africa (Pty) Ltd, Angarsk Petrochemical, BASF, ExxonMobil, Destilacija
Teslic, LANXESS and JSC Ural Chemical.
This research report analyzes this
market depending on its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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