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:
Maximize Market Research provides a comprehensive description of Phthalic Anhydride Market which helps to understand its feature in an optimized way. The projected statistics, significant advancements and income are all included in detail in the Phthalic Anhydride research paper.
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Phthalic Anhydride Market Scope:
The report encompasses both qualitative and quantitative assessments of the Phthalic Anhydride Market, utilizing segmentation that takes into account economic and non-economic factors. It conducts a comprehensive exploration of the Phthalic Anhydride industry from diverse angles, employing Porter’s five forces analysis. Furthermore, the report sheds light on the Phthalic Anhydride Market by tracing its journey through the value chain. Historical data and forward-looking revenue growth forecasts are presented at the country, regional, and global levels, accompanied by an analysis of market trends within each sub-segment and region.
Within the report’s competitive landscape, intricate details about Phthalic Anhydride competitors are provided. This includes a company overview, financials, revenue generation, market potential, research and development investments, new market ventures, global presence, production sites and facilities, production capacities, strengths and weaknesses, product launches, product range, application dominance, and more. The assessment of the global and regional Phthalic Anhydride Market size was conducted using a bottom-up approach.
Phthalic Anhydride Market Key Players:
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
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Phthalic Anhydride Market Segmentation:
by Derivatives
Plasticizers
Unsaturated polyester resins
Alkyd resins
Flame retardant
Dyes & pigments
Over the course of the forecast period, the Plasticizers sector is anticipated to continue to dominate the global market and provide a significant revenue share. 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.
by Process
O-Xylene Catalytic Oxidation
Naphthalene Catalytic Oxidation
by End User
Automotive
Electrical and electronics
Construction
Others
In terms of revenue, the construction industry holds the largest proportion of the global market. The construction sector is anticipated to have the largest market for phthalic anhydride since it uses PVC, UPR, and alkyd resin in a variety of goods for a broad customer base. But as the economy shifts to being driven by customers and services, there are opportunities for growth in the construction sector due to the need for structures that serve retail, healthcare, education, and other end-markets for customers.
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Regional Analysis:
Each regional Phthalic Anhydride market sector is thoroughly investigated to determine its current and future growth prospects. This helps clients to grow their businesses. The Phthalic Anhydride market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Phthalic Anhydride report.
Key Questions answered in the Phthalic Anhydride Market Report are:
- What was the Phthalic Anhydride market size in 2024?
- What are the global trends in the Phthalic Anhydride Market?
- What are the upcoming industry applications and trends for the Phthalic Anhydride Market?
- What are the factors contributing to the final price of Phthalic Anhydride ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Phthalic Anhydride Market?
- How is the intervention from regulatory authority shaping the Phthalic Anhydride Market?
- What growth strategies are the players considering to increase their presence in Phthalic Anhydride ?
- Who are the leading players in Phthalic Anhydride Market?
- What are the major challenges that the Phthalic Anhydride Market could face in the future?
- Which region held the largest Phthalic Anhydride market share?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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