Phthalic Anhydride Market Analysis, Status and Business Outlook 2021 to 2026

The Global Phthalic Anhydride Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

The market for phthalic anhydride is anticipated to register a CAGR of more than 2%, during the forecast period,

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Key Market Players:

BASF SE, ExxonMobil Corporation, LANXESS, I G Petrochemicals Limited, Aekyung Petrochemical Co. Ltd, and Mitsubishi Gas Chemical Company and Other

Key Market Trends

Alkyd Resin to Emerge as One of the Fastest Growing Applications

- By application, alkyd resins attribute to approximately 20% of the global phthalic anhydride market, by application. Phthalic anhydride has been considered as a major reference resin, used for the manufacturing of alkyd resin-based paints and coatings.
- Alkyd resins are produced by heating polyhydric alcohols with diacids or their anhydrides. The alkyd coatings are the most highly consumed coatings across the world. They can be available as short-oil, medium-oil, long-oil, and ultra-long alkyd resins. Long-oil alkyd resins have good wood penetration properties. Thus, they are suitable for wood stains.
- Moreover, these resins are widely used to produce high-performance materials, like solvent-based architectural coatings.
- Paints and coatings, with excellent anti-corrosive properties, can be prepared by long-oil alkyd resins that are modified with maleic anhydride and phthalic anhydride.
- Factors, such as growing consumption of alkyd resins in developing economies, due to the rising paints and coatings industry, are, in turn, increasing the demand for the phthalic anhydride market.

Asia-Pacific Region to Dominate the Market

- China is the largest consumer of phthalic anhydride in the Asia-Pacific region, and the demand is expected to grow further, in the coming years, due to several factors.
- With decreasing prices of naphthalene and low operating costs involved in the production, the capacity of phthalic anhydride is also increasing in the country.
- Additionally, China is the largest consumer of plastics in the global scenario. The demand for plastics, like PVC, is expected to grow at a rapid rate in the country, in the near future, owing to the expanding packaging and manufacturing sectors.
- The Chinese manufacturing industry is expected to grow, on an average, by more than 7-8% every year, with transportation and heavy equipment manufacturing being the major growth segments.
- Owing to these factors, the demand for plasticizers in China is expected to grow at a significant rate in the coming years, which, in turn, is expected to boost the demand for phthalic anhydride used in plasticizers.
- Hence, the aforementioned factors are expected to drive the consumption of phthalic anhydride for various applications, during the forecast period.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Phthalic Anhydride market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Phthalic Anhydride market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Phthalic Anhydride market.

Market Segments: This part of the report discusses product type and application segments of the global Phthalic Anhydride market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Phthalic Anhydride used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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- The market estimate (ME) sheet in Excel format

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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