Phthalic Anhydride Market Size, Share & Sales Analysis by Manufacturers, Regions, Type and Application 2017-2021

PA is an organic compound with the formula C6H4(CO)2O. PA is a white, lustrous, needle-shaped solid that is slightly soluble in water and is produced by the oxidation of either orthoxylene (OX) or naphthalene. This anhydride of phthalic acid is important for industrial applications, especially for the large-scale production of plasticizers. PA is used for manufacturing alkyd resins for paints and varnishes, and unsaturated polyester resins (UPRs). PA finds applications as a dye intermediate, and in the production of pigments.

Phthalic Anhydride Market report includes emphasis the five forces analysis and a comprehensive SWOT analysis of the key vendors. Phthalic Anhydride Market delivers sales Channel, growth history, manufacturers profiled in Industry, Scope of the region in detail. Phthalic Anhydride market research report provides data on the Various opportunities, market drivers, trends and challenges. Phthalic Anhydride Market is estimated to advance at a CAGR of 5.52% from 2017 to 2021

The report also profiles major players in the Phthalic Anhydride market on the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments.

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Market report includes such analysis of following Vendors: AEKYUNG PETROCHEMICAL, BASF, Exxon Mobil, I G Petrochemicals, and MITSUBISHI GAS CHEMICAL and more

Other Prominent Vendors of Phthalic Anhydride Market Are: C-Chem, Koppers, Polynt, Proviron, Stepan Company, Thirumalai Chemicals, and UPC.

One trend in the market is surge in pricing margin. The price margin of PA surged to a five-year high in 2016, after a year-end increase in the demand for PA to produce DOP. The margin has been negative since 2012 and turned positive only last year. Market participants attributed to the flip from negative to strong demand for PA in late 2016 to make downstream DOP despite the price rise in DOP at the end of the year.

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The Phthalic Anhydride industry report mainly focuses regions including Americas, APAC and EMEA

One driver in the market is growth of the construction industry. The demand for PA in most downstream markets is greatly influenced by the general economic conditions. Consequently, the demand principally follows the patterns of the leading economies of the world. The consumption of PA depends heavily on construction and remodeling activity of residential and non-residential areas. China, one of the major regional construction markets, is expected to witness a decline in housing. However, the transition toward a consumer and services-driven economy provides opportunities for growth in the construction industry with the demand for buildings catering to education, healthcare, and social infrastructure, along with retail and other consumer end-markets.

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One challenge in the market is health hazards due to the exposure to PA. There is no specific technique to determine the exposure to PA. However, PA, in the form of vapor, fume, or dust, is a primary irritant to the mucous membranes and upper respiratory tract. Workers exposed to combinations of phthalic acid and PA develop conjunctivitis, hoarseness, cough, bloody nasal discharge, atrophy of the nasal mucosa, occasional bloody sputum, bronchitis, and emphysema. Several cases of bronchial asthma have resulted in skin sensitization with occasional urticaria and eczematous response. Clinical sensitization of PA occurred in a worker who developed symptoms of rhinorrhea, lacrimation, and wheezing after chronic exposure to PA.

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