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Phthalic Anhydride (PA) Market is estimated to grow at a CAGR of 3.6% during 2016 to 2021 Aekyung Petrochemicals, BASF SE, ExxonMobil Chemical and PolyntSpA, ExxonMobil, Thirumalai

03-14-2019 09:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Cosmos

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Phthalic Anhydride (PA) Market is estimated to grow at a CAGR

Global Phthalic Anhydride (PA) Market Size and Growth Rate:
According to the research report, the global consumption of phthalic anhydride Market was over 4.3 million tons in 2012 and is expected to grow at a CAGR of 3.6% over the forecast period.

Browse details of 127 numbers of pages research report developed on Global Phthalic Anhydride (PA) Market @ https://www.researchcosmos.com/reports/global-phthalic-anhydride-market-report-2017-industry-analysis-trends-and-market-overview/6591158

Global Phthalic Anhydride (PA) Market Drivers, Challenges and Opportunities:
The global phthalic anhydride industry is expected to grow due to the increased scope in the plastics industry. It is widely used for the manufacture of phthalate plasticisers, which are in turn used in the production of polyvinyl chloride (PVC), unsaturated polyester resins, alkyd resins, dyes and insect repellents. It is expected that the growing demand for these products will stimulate growth later. The growing demand for products containing phthalic anhydride in several end-use sectors, such as paints and coatings, medical devices, appliances and furniture, is expected to grow over the forecast period. In addition, its growing use in the manufacture of unsaturated polyester resins (UPR), itself used in the manufacture of glass fiber reinforced plastics, will likely stimulate demand in the coming years.

The toxic nature of alkyd resins and phthalates as well as strict environmental regulations may limit growth. In addition, world prices for phthalic anhydride have fluctuated significantly in recent years due to volatile commodity prices and rising energy costs.

However, the growing demand for polyester polyols used in polyurethane manufacturing is expected to provide strong opportunities over the forecast period.

Global Phthalic Anhydride (PA) Market Regional Analysis:
The Asia-Pacific region was the largest consumer in 2013 due to growth in the construction and automotive industries, particularly in China and India. The phthalic anhydride market in Asia-Pacific was valued at USD 3,550 million in 2013 and solid growth is expected over the forecast period due to the abundant availability of raw materials. Europe represents the second largest share in terms of volume and turnover and is expected to rise at an annual growth rate of 3.8% between 2014 and 2020.

Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-phthalic-anhydride-market-report-2017-industry-analysis-trends-and-market-overview/6591158

Global Phthalic Anhydride (PA) Market Key Market Players:
The global phthalic anhydride market is fragmented due to the presence of many manufacturing companies. The main participants include UPC Technology Corp., Aekyung Petrochemicals, BASF SE, ExxonMobil Chemical and PolyntSpA, ExxonMobil, Thirumalai, Stepan, Koppers, Polynt, Proviron
Global Phthalic Anhydride (PA) Market Segmentation:
By Type
• O-xylene Catalytic Oxidation
• Naphthalene Catalytic Oxidation

By Industry
• Plasticizers
• UPR
• Alkyd Resins
• Others

By Channel
• Plasticizers
• UPR
• Alkyd Resins
• Others

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-phthalic-anhydride-market-report-2017-industry-analysis-trends-and-market-overview/6591158

About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
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