Global Phthalic Anhydride Market - Segmented Into Application and Geography – Growth, Trends and Forecasts (2017 - 2022)
The market is estimated at XX kilo tons in 2017 and is projected to reach XX kilo tons by 2022, registering a CAGR of XX%, during 2017-2021 (the forecast period).
Phthalic Anhydride, a white crystalline compound, is used for the large-scale production of plasticizers, dyes, resins, insecticides, amongst other derivatives. The derivatives of anhydride are largely used in construction, automotive, plastics, electrical & electronics and various other industries.
The growing demand for plasticizers, in Asia-Pacific, and the developing construction and remodeling markets are driving the global market for flat glass. However, the market growth is affected by the harmful and toxic effects of phthalates.
In the report, the global phthalic anhydride market is segmented into application and geography. Based on the application, plasticizers accounted for the largest market segment for phthalic anhydride, with a market share of around 50%, in 2016. The growing demand for plastics, primarily PVC, is expected to drive the market for plasticizers by 2022. The market, on the basis of geography, is segmented into Asia-Pacific, North America, Europe, South America and the Middle-East & Africa. In 2016, Asia-Pacific was the leading consumer of phthalic anhydride market, accounting for more than XX% of the global phthalic anhydride market. The increasing production capacity of phthalic anhydride and the use of their derivatives in end-user industries has played a vital role in the increasing production and consumption of phthalic anhydride, in the Asia-Pacific region, primarily China.
Market Trends and Major Players
The capacity expansion for phthalic anhydride derivatives and expanding phthalic anhydride demand, due to the push in Indian infrastructure market, are expected to offer numerous opportunities for the growth of the global phthalic anhydride market. Major companies dominating this market, for its products, services, and continuous product development, include:
Asian Paints, Ltd.
Mitsubishi Gas Chemicals Co., Ltd.
Key Deliverables in the Study
Market analysis for the global phthalic anhydride market, with global and region-specific assessments and competition analysis on the global and regional scale
Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
Extensively researched competitive landscape section, with profiles of major companies along with their market share
Identification and analysis of the macro and micro factors that affect the global phthalic anhydride market on global and regional scales
A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information
Insights on the major countries/regions, where this industry is growing and identify the regions that are still untapped
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