Press release
Phthalic Anhydride Market Size, Share, Growth Analysis, Business
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/A12103
The market's growth is attributed to the increased utilization of phthalic anhydride in the production of alkyd resin and plasticizers, a rise in alkyd resin consumption within the paints and coatings industry, and a surge in construction activities across the Asia-Pacific region. However, concerns about the harmful effects of phthalates due to their toxicity and the development of bio-based alternatives to phthalic anhydride are potential hurdles for market growth. On a positive note, there's an anticipated rise in the demand for polyester polyols and an increased use of glass fiber-reinforced polymers, which could present lucrative opportunities for market players in the future.
Phthalic anhydride, a white crystalline organic compound with the chemical formula C6H4(CO)2O, is produced through the catalytic oxidation of O-Xylene. It reacts exothermically with water, potentially accelerating corrosion. Commonly used in the production of artificial resins, it serves as a key chemical intermediate, particularly in the manufacture of plastics from vinyl chloride.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/purchase-enquiry/A12103
The demand for phthalic anhydride is predominantly driven by industries such as building and construction, automotive, paints and coatings, electrical and electronics, marine, and agriculture. It finds extensive use in the production of plasticizers, with around 90% of plasticizers being utilized by PVC manufacturers to tailor the properties of their PVC products. The versatility and cost-effectiveness of polyvinyl chloride (PVC) contribute to its widespread use, particularly in rapidly industrializing and urbanizing economies like China and India.
The market is segmented based on process, application, end-use industry, and region. In terms of application, the plasticizers segment dominated the market in 2020, accounting for more than half of the market share. However, the alkyd resins segment is expected to exhibit the highest CAGR of 5.5% from 2021 to 2030.
In the end-use industry segment, paints and coatings are projected to register the highest CAGR of 5.2% during the forecast period, while the building and construction sector held the largest share in 2020, contributing to over one-third of the market.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/phthalic-anhydride-market/purchase-options
Geographically, Asia-Pacific led the global phthalic anhydride market in 2020, holding more than half of the market share, and is expected to maintain the highest CAGR of 4.5% during the forecast period.
Key market players include Nan Ya Plastics Corporation, BASF SE, Asian Paints Ltd., Exxon Mobil Corporation, I.G. Petrochemicals Ltd., C-Chem Co. Ltd., Mitsubishi Gas Chemicals Co. Ltd., Koppers Inc., Stepan Company, Polynt Spa, UPC Technology Corporation, and Thirumalai Chemicals Ltd.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Phthalic Anhydride Market Size, Share, Growth Analysis, Business here
News-ID: 3471465 • Views: โฆ
More Releases from Allied Market Research
Horse Betting Market's CAGR Surge: A USD Billion Dollar Growth Story 2022 - 2032
Horse betting, one of the oldest forms of bet, has evolved dramatically over the centuries. From its origins in ancient civilizations to the high-tech, data-driven industry it is today, the horse betting market has adapted to cultural, technological, and economic shifts. This article explores the current landscape of the horse betting market, its challenges, opportunities, and the factors driving its growth.
The horse betting market was valued at $44.3 billion inโฆ
Password Management Market Growing at a 20.7% CAGR Reach USD 15.2 Billion by 203 โฆ
Allied Market Research published a new report, titled, " Password Management Market Growing at a 20.7% CAGR Reach USD 15.2 Billion by 2032 ." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry andโฆ
Cloud Artificial Intelligence Market Growing at 35.8% CAGR Reach USD 887 Billion โฆ
Allied Market Research published a new report, titled, "Cloud Artificial Intelligence Market Growing at 35.8% CAGR Reach USD 887 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determineโฆ
Microserver Market Growing at 15.8% CAGR Reach USD 122.4 Billion by 2032
Allied Market Research published a new report, titled, "Microserver Market Growing at 15.8% CAGR Reach USD 122.4 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps toโฆ
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast โฆ
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,โฆ
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 โฆ
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworksโฆ
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomicโฆ
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membraneโฆ
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantialโฆ
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for newโฆ
