Chemical Insights: Understanding the Phthalic Anhydride Market

Global Phthalic Anhydride Market size was valued at USD 4.58 Bn. in 2023 and the total Phthalic Anhydride revenue is expected to grow by 6.6 % from 2024 to 2030, reaching nearly USD 7.17 Bn.

Phthalic Anhydride Market Overview:

This Phthalic Anhydride market study looks at current and emerging industry trends and dynamics in the global Phthalic Anhydride market. Phthalic Anhydride Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Phthalic Anhydride market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Phthalic Anhydride market, key players are profiled and their strategies are thoroughly evaluated.

Market Scope:

The analysis contains a current examination of the present Phthalic Anhydride market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Phthalic Anhydride market environment. Increased demand for Phthalic Anhydride is driving the market. The Phthalic Anhydride market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.

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Segmentation:

According to the derivatives, the plasticizers sector is anticipated to dominate the global market and generate a significant portion of revenue over the course of the projected year. The plasticizers market is expected to be driven during the projected period by the growing demand for plasticizers for the production of flexible PVC. Approximately 85% of the plasticizers market is devoted to the production of flexible PVC. Plasticizers are in high demand because of the need to soften plastics so they can be used in a variety of End uses, including flooring, wall covering, film and sheet, and wire and cable. The affordability and convenience of usage of phthalate plasticizers.

Key Players:

The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of

1. BASF SE [Germany]
2. Hongxin Chemical
3. NAN YA PLASTICS CORPORATION
4. ExxonMobil Corporation [United States]
5. Aekyung Petrochemical Co., Ltd
6. I G Petrochemicals Limited
7. Polynt SPA
8. Koppers Inc.
9. Mitsubishi Gas Chemicals Co. Inc.
10. UPC Group
11. Asian Paints
12. Shandong Hongxin
13. Cp-Chem Co. Ltd.
14. LANXESS
15. Proviron Basic Chemicals
16. Slovnaft
17. Thirumalai Chemicals Ltd
18. Hanwha Chemical Corporation
19. OCI Company Limited

Regional Analysis:

Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Phthalic Anhydride market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.

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COVID-19 Impact Analysis on Phthalic Anhydride Market:

The COVID-19 epidemic has had a significant impact on the global Phthalic Anhydride industry. Phthalic Anhydride Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Phthalic Anhydride market to decelerate in 2020. The negative impact of COVID-19 on the Phthalic Anhydride market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Phthalic Anhydride.

Key Questions Answered in the Phthalic Anhydride Market Report are:

• Which segment was responsible for the largest share in the Phthalic Anhydride market?
• How was the competitive scenario of the Phthalic Anhydride market in 2023?
• Which are the key factors responsible for the Phthalic Anhydride market growth?
• Which region held the maximum share in the Phthalic Anhydride market in 2023?