Global Phthalic Anhydride Market, By Application (Plasticizers, Alkyd Resins, Unsaturated Polyester

Published Date: | Report Code : CH1958455

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The Phthalic Anhydride Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Increasing demand from various end-use industries during the forecast period.

Phthalic anhydride is an organic compound known as the C6H4 (CO)2O molecular formula. It is white, lustrous crystalline flakes or molten shape, with a distinctive pungent odor of shock. It is a type of phthalic acid commercially. It is made in concentrated sulfuric acid by oxidation of naphthalene in the presence of mercury sulfate. It is soluble in warm water, benzene, carbon disulfide and alcohol, and in water and ether it is mildly soluble.

Phthalic anhydride is widely used in the manufacture of polyvinyl chloride (PVC) phthalate plasticizers. Other major applications of phthalic anhydride include unsaturated polyester resins (UPR), alkyd resins, dyes & pigments, flame retardant, and others including inhibitors of rubber scorch, insecticide, herbicide, detergent, saccharin.

Increasing demand for phthalic anhydride goods is anticipated to increase market growth in multiple end-use sectors including paints & coatings, medical devices, home equipment and furnishings. Furthermore, its growing use in the manufacture of unsaturated polyester resins (UPRs), which are in turn used in the manufacture of fiberglass-reinforced plastics, is likely to boost demand in the coming years.

Growth is anticipated to drive increased demand for the item for the manufacture of strengthened laminates and surface coating sector. It is anticipated that rising demand for fiberglass in the building and automotive sectors will have a beneficial effect on UPR demand due to its lightweight property.

Key Factors Impacting Market Growth:

  • Increasing demand from various end-use industries

  • Increased use of polymers reinforced with glass fibre

  • The toxicity of phthalates is harmful

Regional Analysis

On the basis of the region, the phthalic anhydride market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in phthalic anhydride market during the forecast period. This demand is with regards to the growth of major end-use Applications such as Plasticizers, Alkyd Resins, Unsaturated Polyester Resins, Others. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for phthalic anhydride market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for phthalic anhydride market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: BASF SE, Hongxin Chemical, NAN YA PLASTICS CORPORATION, ExxonMobil Corporation, AEKYUNG PETROCHEMICAL Co., Ltd, I G Petrochemicals Limited, Polynt SPA, Koppers Inc., Mitsubishi Gas Chemicals Co. Inc., and UPC Group. 

Market Segmentation:

By Application:

  • Plasticizers

  • Alkyd Resins

  • Unsaturated Polyester Resins

  • Others

By End-Use Industry:

  • Automotive

  • Electrical and Electronics

  • Paints and Coatings

  • Plastics

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Application

    • By End-Use Industry

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Application

    • By End-Use Industry

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Application

    • By End-Use Industry

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Application

    • By End-Use Industry

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Application

    • By End-Use Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Application

    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the phthalic anhydride market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

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  • By Sub-segment

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