Global Phthalic Anhydride Market 2024-2028
The phthalic anhydride market is forecasted to grow by USD 908.5 mn during 2023-2028, accelerating at a CAGR of 3.59% during the forecast period. The report on the phthalic anhydride market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of construction industry, multifunctional characteristics of UPRs, and rising demand of phthalic anhtdride in automotive sector.
Technavio's phthalic anhydride market is segmented as below:
ByApplication
- Plasticizers
- UPR
- Alkyd resins
- Others
ByType
- O-xylene catalytic oxidation
- Naphthalene catalytic oxidation
ByGeography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing demand for green and sustainable resins as one of the prime reasons driving the phthalic anhydride market growth during the next few years. Also, expansion of end-user industries and technological advancements and process innovations for development of phthalic anhydride will lead to sizable demand in the market.
The report on the phthalic anhydride market covers the following areas:
- Phthalic anhydride market sizing
- Phthalic anhydride market forecast
- Phthalic anhydride market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading phthalic anhydride market vendors that include AGROFERT AS, Anhui Tongua International Trade Group Co. Ltd., Asian Paints Ltd., BASF SE, Compania Espanola de Petroleos SA, Exxon Mobil Corp., IG Petrochemicals Ltd., Koppers Holdings Inc., Lanxess AG, Mitsubishi Corp., Nan Ya Plastic Corp., PETRONAS Chemicals Group Berhad, Polynt Spa, Proviron Industries NV, Shandong Hongxin Chemical Co. Ltd., Specialty Polymers Inc., Stepan Co., Thirumalai Chemicals Ltd., Tokyo Chemical Industry Co. Ltd., and UPC Technology Corp.. Also, the phthalic anhydride market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.