Global Phthalic Anhydride Market Overview
Phthalic anhydride (PA) is an intermediate chemical and is mainly used as a catalyst in the manufacture of plasticizers. It is an organic compound produced by the oxidation of orthoxylene or nPhthalic anhydride hthalene. The main Phthalic anhydride applications include the production of phthalate plasticizers for the manufacture of polyvinyl chloride (PVC), which is also widely used in construction and the automotive industry. Other important applications of phthalic anhydride include unsaturated polyester resins (UPR), alkyd resins, pigments and dyes, among others.
The revenues generated by the global Phthalic Anhydride market size to maintain the average annual growth rate of -3.27% from 7790 million $ in 2013 to 7050 million $ in 2016, Research Cosmos analysts believe that in the next few years, Phthalic Anhydride market size will be further expanded, we expect that by 2021 , The market size of the Phthalic Anhydride will reach 7930 million $.Other growing applications of PA include herbicides and insecticides, detergents, saccharine, flame retardants and polyester resin crosslinking agents.
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Global Phthalic Anhydride Market Drivers and Restraints:
Phthalic anhydride (PA), an intermediate chemical, is used as a catalyst for the manufacture of plasticizers. The phthalate plasticizer industry dominated the market demand and accounted for 56.5% of the total volume of consumption. The growing demand for phthalate plasticizers combined with strong demand makes the Asia-Pacific region to be the main driver of growth in the global market. The market for unsaturated polyester resins (UPE) is another growth engine for the market. Represented 18.1% of the total volume consumed in 2012, accelerated demand of phthalate plasticizers in the production of polyvinyl chloride and UPR, in the manufacture of fiberglass (RPF) will further stimulate the global market for PAs during the forecast period.
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Global Phthalic Anhydride Market Market Segmentation:
The global phthalic anhydride market is segmented by application, end-use sector and region.on the basis of the application, the global market is segmented into plasticizers, unsaturated polyester resins, alkyd resins, flame retardants, dyes and pigments, etc.
Based on the end-user sector, the market is classified in the construction, automotive, electricity and electronics sectors.
Global Phthalic Anhydride Market Geographical Segmentation:
Asia Pacific is the largest and most important market for this sector. In the recent past, the market was driven by emerging countries such as China, India and Brazil. The global market registered a significant drop in demand due to the economic slowdown observed in 2008 and 2009. However, it has experienced a steady increase in demand since 2010 due to the resurgence of end-user industries and the recovery of the global economy. In addition, it is expected that the growing demand for phthalate plasticizers in PVC Phthalic anhydride applications will generate demand in the automotive and construction sectors.
Some of the Key Players in Global Phthalic Anhydride Market:
UPC Technology Corporation, Aekyung Petrochemical Co. Ltd., Exxon Mobil Corporation, BASF SE and Polynt SPA.
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