Phthalic Anhydride Market Revenue Share, SWOT Analysis, Analysis and Forecast 2029

Phthalic Anhydride Market is expected to grow at a CAGR of 6.6% during the forecast period and is expected to reach USD 6.73 Bn by 2029.

Phthalic Anhydride Market Report Scope and Research Methodology

Report Scope:

This comprehensive report on the Phthalic Anhydride Market provides valuable insights into market dynamics, industry structure, and regional trends, along with details on market values, research methodology, drivers, restraints, and more.

Research Methodology:

Our report offers a thorough assessment of the market, leveraging industry-validated data, historical information, and well-researched projections based on sound assumptions and methodology. It empowers stakeholders with a clear understanding of market dynamics and structure, identifying and analyzing market segments to estimate the global market size. Additionally, the report focuses on competitive analysis, including product comparisons, pricing, financial standings, product portfolios, growth strategies, and regional presence of key players. It also includes PEST analysis, PORTER's analysis, and SWOT analysis, guiding stakeholders in prioritizing their efforts and investments for emerging segments in the Phthalic Anhydride Market.

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What are Phthalic Anhydride Market Dynamics?

Phthalic anhydride is an organic compound, specifically the anhydride of phthalic acid, formed through the oxidation of ortho-xylene and naphthalene. Its primary application lies in the production of polyester resins, with additional uses in alkyd resins used in paints, lacquers, certain plastics, insect repellents, and urethane polyester polyols. The market is primarily driven by the high demand for PVC in construction and the automotive sector, which in turn spurs the demand for plasticizers. Notable factors driving the market include a high concentration of o-xylene in feed gas, resulting in lower investment and operational costs, and the flexibility to use commercially available oxidation catalysts. However, the growing demand for non-phthalates in PVC compound manufacturing poses a significant challenge to the global phthalic anhydride market.

Phthalic Anhydride Market Segmentation?

by Derivatives

Plasticizers
Unsaturated polyester resins
Alkyd resins
Flame retardant
Dyes & pigments

Based on derivatives, the Plasticizers segment is anticipated to dominate the global market and provide a significant revenue share throughout the forecast period. During the predicted time frame, the plasticizers market is expected to be driven by the rising demand for plasticizers for the production of flexible PVC. Approximately 85% of the plasticizers market is consumed by the production of flexible PVC. The need to soften plastics for use in a variety of end uses, including wire and cable, film and sheet, flooring, and wall covering, among others, has increased demand for plasticizers. The main causes of the significant growth are the widespread use of phthalate plasticizers in a variety of industries and their low cost and convenience of use.

by End User

Automotive
Electrical and electronics
Construction
Others

The construction industry represents the largest revenue share in terms of end-user in the global market. Due to the vast range of PVC, UPR, and alkyd resin end users in various goods, the construction sector is anticipated to be the largest market for phthalic anhydride.

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Who are Phthalic Anhydride Market Key Players?

1. BASF SE
2. Hongxin Chemical
3. NAN YA PLASTICS CORPORATION
4. ExxonMobil Corporation
5. Aekyung Petrochemical Co., Ltd
6. I G Petrochemicals Limited
7. Polynt SPA
8. Koppers Inc.
9. Mitsubishi Gas Chemicals Co. Inc.
10. UPC Group
11. Asian Paints
12. Shandong Hongxin
13. Cp-Chem Co. Ltd.
14. LANXESS
15. Proviron Basic Chemicals
16. Slovnaft
17. Thirumalai Chemicals Ltd
18. Hanwha Chemical Corporation
19. OCI Company Limited

Table of content for the Phthalic Anhydride Market includes:

Part 01: Executive Summary

Part 02: Scope of the Phthalic Anhydride Market Report

Part 03: Global Phthalic Anhydride Market Landscape

Part 04: Global Phthalic Anhydride Market Sizing

Part 05: Global Phthalic Anhydride Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

India: Phthalic anhydride demand in India is on the rise, fueled by increased government focus and expenditure on infrastructure and housing development.

Asia Pacific (APAC): Rising demand for PVC from the automotive and construction industries, coupled with increased investments, is expected to drive the phthalic anhydride market in APAC.

North America: A stable demand for phthalic anhydride in the construction and renovation industry is expected in North America. Stringent environmental regulations may pose some challenges due to the compound's toxicity.

Middle East & Africa: Moderate demand for phthalic anhydride is anticipated, primarily driven by government initiatives to boost the tourism industry and construction sector.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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