Phthalic Anhydride Market New Opportunities, Company Profile And Business Outlook
Phthalic Anhydride Market Overview
Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Phthalic Anhydride Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Phthalic Anhydride market and its component manufacturers over the next decade.
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Phthalic Anhydride Market Values
Global Phthalic Anhydride Market size was valued at USD 4.30 Bn. in 2022 and the total Phthalic Anhydride revenue is expected to grow by 6.6 % from 2023 to 2029, reaching nearly USD 6.73 Bn.
Phthalic Anhydride Market Scope
Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Phthalic Anhydride market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Phthalic Anhydride market are examined in the report.
Dynamics of the Phthalic Anhydride Market:
The market is driven by the growing demand for phthalic anhydride in the plastic and automotive industries.
The main component needed to produce phthalate plasticizers is phthalic anhydride, which is widely utilised in the plastics sector. The market is driven ahead by the growing automotive sector and the ongoing demand for plastics in a variety of applications, from packaging to building materials like paints and coatings. The primary driver of the market is the ability to employ any appropriate commercially available oxidation catalyst due to technological design, which lowers investment and operating costs when there is a high concentration of o-xylene in the input gas.
Phthalic Anhydride Market Segmentation
by Derivatives
Plasticizers
Unsaturated polyester resins
Alkyd resins
Flame retardant
Dyes & pigments
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.
by Process
O-Xylene Catalytic Oxidation
Naphthalene Catalytic Oxidation
by End User
Automotive
Electrical and electronics
Construction
Others
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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
Table of content for the Phthalic Anhydride Market includes:
Part 01: Executive Summary
Part 02: Scope of the Phthalic Anhydride Market Report
Part 03: Global Phthalic Anhydride Market Landscape
Part 04: Global Phthalic Anhydride Market Sizing
Part 05: Global Phthalic Anhydride Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Analysis
The Phthalic Anhydride market report comprises an extensive analysis of the Phthalic Anhydride industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.
Key Questions answered in the Phthalic Anhydride Market Report are:
- What is Phthalic Anhydride Market?
- What is the forecast period of the Phthalic Anhydride Market?
- What is the competitive scenario of the Phthalic Anhydride market?
- Which region held the largest market share in the Phthalic Anhydride Market?
- What are the opportunities for the Phthalic Anhydride Market?
- What are the restraining factors in the Phthalic Anhydride market?
- Who are the key players of the Phthalic Anhydride market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Phthalic Anhydride
- Landscape- Leading key players and other prominent key players.
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