Phthalic Anhydride Market Forecast 2020 With Top Leading Companies - BASF SE, Hongxin Chemical, NAN YA PLASTICS CORPORATION

Phthalic Anhydride Market is estimated to reach USD XX billion by 2028

According to the predictions made in the latest report by Quince Market Insights, the Phthalic Anhydride Market is projected to record high demand during the forecast period due to increased demand from major end-use industries.

Understanding the chemistry and uses of Phthalic anhydride-

Phthalic anhydride is an organic compound, given the molecular formula C6H4 (CO)2O. It is white, lustrous crystalline crystals, or molten material, with a distinctive shock-pungent smell. It is a form of commercially active phthalic acid. It is formed by oxidation of naphthalene in concentrated vitriol, within the presence of mercury sulfate. It is soluble in hot water, benzene, carbon disulfide, and alcohol and it is mildly soluble in water and ether.

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Phthalic anhydride is commonly used in the manufacture of phthalate plasticisers for polyvinyl chloride (PVC). Many big phthalic anhydride uses include unsaturated polyester resins (UPR), alkyd resins, dyes & pigments, flame retardant, and others including rubber scorch inhibitors, insecticide, herbicide, detergent, saccharin.

Increasing demand for phthalic anhydride products is expected to fuel market growth in multiple end-use sectors including paints & coatings, medical devices, home appliances and furnishings. In addition, its growing use in the manufacture of unsaturated polyester resins (UPRs), which are used in turn in the manufacture of fiberglass-reinforced plastics, is likely to boost demand in the near future.

Strategic Factors Impacting Market Growth:
o Increasing demand from various end-use industries
o Increased use of polymers reinforced with glass fibre
o The toxicity of phthalates is harmful

Regional segmentation and analysis to understand growth patterns

Based on 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 during this market are headquartered in North America and Western Europe. This area has experienced a number of changes by end-use industries in terms of the production of chemicals and their respective applications. In addition, regulatory authorities have placed strict guidelines on environmental concerns and potential hazards to health due to exposures. This has been more influential in the dynamic Western Europe region. Some of these regions ' major economies include the US, Germany, the UK, France, Canada, Italy, Spain and so on.

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Asia Pacific and Middle East are expected to register substantial growth in phthalic anhydride market during the forecast period. This market concerns the growth of major end-use applications including plasticizers, alkyd resins, unsaturated polyester resins, etc. Big Asia-Pacific countries include China, South Korea, Japan, India, Australia then on. The Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, etc. With operations by major chemical giants in the region, Eastern Europe was controlled mainly by Russia and Turkey. Rest of the world which includes South America and Africa has strong market potential for phthalic anhydride. Global companies have gradually made investments in these regions to deepen their presence and to leverage the potential market. Major economies in these regions for phthalic anhydride market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

The report provides insights about activities of top companies like: 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:
o Plasticizers
o Alkyd Resins
o Unsaturated Polyester Resins
o Others

By End-Use Industry:
o Automotive
o Electrical and Electronics
o Paints and Coatings
o Plastics
o Others

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Application
o By End-Use Industry
o Western Europe
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Application
o By End-Use Industry
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By End-Use Industry
o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Application
o By End-Use Industry
o Middle East
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Application
o By End-Use Industry
o Rest of the World
o By Region (South America, Africa)
o By Application
o By End-Use Industry

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.