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Phthalic Anhydride Market Trends & Forecast 2018 | Key Manufacturers - BASF SE, Hongxin Chemical, NAN YA PLASTICS CORPORATION, ExxonMobil Corporation, AEKYUNG PETROCHEMICAL Co, I G Petrochemicals Limited, Mitsubishi Gas Chemicals Co. and UPC Group

07-13-2018 10:34 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Future

Phthalic Anhydride Market is segmented based on Application, End-Use Industry and Region

Phthalic Anhydride Market is segmented based on Application, End-Use Industry and Region

Market Scenario

Phthalic Anhydride is white, crystalline, organic compound known by the formula C6H4(CO)2O. It is used to synthesize plasticizers, unsaturated polyester resins, alkyd resins, flame retardants, and dye & pigments among other. High demand for phthalic anhydride-based products from the construction, automotive, electrical & electronics, paints & coatings, and plastic industries is expected to drive the global phthalic anhydride market over the forecast period 2017-2023.

Competitive Analysis

Some of the key players in the Global Phthalic Anhydride Market are BASF SE (Germany), Hongxin Chemical (China), NAN YA PLASTICS CORPORATION (Taiwan), ExxonMobil Corporation (U.S.), AEKYUNG PETROCHEMICAL Co., Ltd (Republic of Korea), I G Petrochemicals Limited (India), Polynt SPA (Italy), Koppers Inc. (U.S.), Mitsubishi Gas Chemicals Co. Inc. (Japan), and UPC Group (Taiwan).

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Market Segmentation

The Global Phthalic Anhydride Market is segmented based on Application, End-Use Industry and Region.

On the Basis of the Application, the Global Phthalic Anhydride Market is segmented into plasticizers, unsaturated polyester resins (UPR), alkyd resins, flame retardant, dyes & pigments, and others (urethane polyester polyols, rubber scorch inhibitor, insecticide, herbicide, detergent, saccharin). Plasticizers are accounted to have the largest market share in 2017 due to growing demand for PVC in the construction industry for applications like pipes & fittings, profile & hoses, wires & cables, and floorings among others. Plasticizers are used to address the problem of moldability of PVC, curing of coatings, and surface protection. Moreover, UPR is expected to witness rising demand over the forecast period due to its application in reinforced composites and surface coatings.

On the Basis of the End-User Industry, the Global Phthalic Anhydride Market is categorized into construction, automotive, electrical and electronics, and others. The construction industry is expected to be the largest market for phthalic anhydride due to a wide range of end-use applications of PVC, UPR, and alkyd resin in different products.

Regional Analysis

The Global Phthalic Anhydride Market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to hold the major market share over the forecast period. Europe and North America are expected to witness steady demand for the Phthalic Anhydride during the forecast period. The Middle East & Africa is expected to witness moderate demand for Phthalic Anhydride during the forecast period. Latin America is expected to show sluggish growth due to the slow growth of the region.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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