Global Phthalic Anhydride Market Growth 2024-2030

Global Phthalic Anhydride Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Phthalic Anhydride market size was valued at US$ 10270 million in 2023. With growing demand in downstream market, the Phthalic Anhydride is forecast to a readjusted size of US$ 13840 million by 2030 with a CAGR of 4.4% during review period.

The research report highlights the growth potential of the global Phthalic Anhydride market. Phthalic Anhydride are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Phthalic Anhydride. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Phthalic Anhydride market.

Phthalic anhydride is a toxic, white solid crystalline compound in various forms or a clear molten liquid, with an irritating odor. It is slightly soluble in hot water, hydrolysing to phthalic acid. PA is soluble in alcohol and carbon disulphide. It reacts with strong oxidants and responds violently when heated with copper oxide or sodium nitrite, to cause an explosion hazard.

Phthalic anhydride is obtained from oxidation of o-xylene or naphthalene in presence of a catalyst usually a vanadium/titanium pentoxide. Plasticizers are the important application area for phthalic anhydride, followed by unsaturated polyester resins (UPR) and alkyd resins.

Plasticisers are the important application area for phthalic anhydride, about 51.04% of phthalic anhydride consumption is used for the production of plasticisers, followed by unsaturated polyester resins (UPR) and alkyd resins. The major end-use markets of phthalic anhydride include construction, automotive and marine industries.

Key Features:

The report on Phthalic Anhydride market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Phthalic Anhydride market. It may include historical data, market segmentation by Type (e.g., O-xylene Catalytic Oxidation, Naphthalene Catalytic Oxidation), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Phthalic Anhydride market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Phthalic Anhydride market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Phthalic Anhydride industry. This include advancements in Phthalic Anhydride technology, Phthalic Anhydride new entrants, Phthalic Anhydride new investment, and other innovations that are shaping the future of Phthalic Anhydride.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Phthalic Anhydride market. It includes factors influencing customer ' purchasing decisions, preferences for Phthalic Anhydride product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Phthalic Anhydride market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Phthalic Anhydride market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Phthalic Anhydride market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Phthalic Anhydride industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Phthalic Anhydride market.

Market Segmentation:

Phthalic Anhydride market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
O-xylene Catalytic Oxidation
Naphthalene Catalytic Oxidation

Segmentation by application
Plasticizers
UPR
Alkyd Resins
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
ExxonMobil
Aekyung
Thirumalai
Stepan
Koppers
UPC Group
Polynt
Proviron
Lanxess
CEPSA
Uralkhimprom
IG Petrochemicals
Nan Ya Plastics
Deza
Perstorp
Shenghe
Bluesail
Henan Qing'an Chemical
HongXin Company
Anhui Tongling Chemical
New Solar
Jiangsu Sanmu Group
Mitsubishi Gas Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Phthalic Anhydride market?

What factors are driving Phthalic Anhydride market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Phthalic Anhydride market opportunities vary by end market size?

How does Phthalic Anhydride break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.