Phthalic Anhydride Market 2024-2031 Global Industry Analysis, Size, Share, Growth, Trends, and Forecast | Leading Players - IG Petrochemicals Limited, UPC Technology Corp., Aekyung Petrochemicals

The Phthalic Anhydride Market size was worth US$ XX billion in 2023 and is estimated to reach US$ XX billion by 2031, growing at a CAGR of 4.2 % during the forecast period (2024-2031).

DataM Intelligence has published a new research report on "Phthalic Anhydride Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. . The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Phthalic Anhydride market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Phthalic anhydride is a white crystalline compound that is toxic and primarily used in the production of phthaleins, dyes, plasticizers, resins, and insecticides. This colorless solid is a vital industrial chemical, particularly for large-scale production of plasticizers for plastics. It is produced through the catalytic oxidation of naphthalene or ortho-xylene. Phthalic anhydride finds extensive use across various applications, from the plastics industry to the synthesis of agricultural fungicides, resins, and amines.

Key Developments:

In 2021, IG Petrochemicals approved a greenfield expansion of Phthalic Anhydride production in Gujarat, aiming to increase capacity to 80,000 MTPA with a capital investment of Rs 600 crore. The project is expected to be completed within three years.

Forecast Growth Projected:
The Global Phthalic Anhydride Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Phthalic Anhydride Market:

IG Petrochemicals Limited, UPC Technology Corp., Aekyung Petrochemicals, BASF SE, KLJ Plasticizers, ExxonMobil Chemical, Polynt SpA, Shandong Hongxin Chemical Co. Ltd, Koppers Inc., C-Chem Co. Ltd, Stepan Company

Segment Covered in the Phthalic Anhydride Market:

By Grade: Flake, Molten

By Oxidation: Orthoxylene, Naphthalene

By End User: Electrical &Electronics, Automotive, Construction, Paints & Coatings, Plastics, Others

By Application: Dyes & Pigments, Plasticizers, Alkyd Resins, Unsaturated Polyester Resins, Insecticides, Engineered Plastics, Flame Retardants, Others

Regional Analysis:

The global Phthalic Anhydride Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Phthalic Anhydride Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Phthalic Anhydride Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Phthalic Anhydride manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Phthalic Anhydride in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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The research study aims to address the following key questions:

➡What is the expected growth rate of the Phthalic Anhydride Market during the forecast period of 2031?

➡What key factors are driving the Phthalic Anhydride Market across various regions?

➡Who are the leading vendors in the Phthalic Anhydride industry, and what strategies contribute to their success?

➡What is the anticipated market scope for the projected period?

➡What major trends are influencing the industry's growth in the coming years?

➡What challenges does the Phthalic Anhydride Market face?

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