Phthalic Anhydride Market to offer a healthy CAGR of 5.2% during 2020-25
February 18, 2020
Phthalic Anhydride Market Overview:
Phthalic anhydride market is likely to witness an impressive CAGR of 5.2% during the forecast period. The increasing demand for glass fiber-reinforced plastics in various industries is expected to stimulate the global phthalic anhydride market during the forecast period.
Report Overview:
This new report from Stratview Research analyses the Phthalic Anhydride Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Phthalic Anhydride Market Segment Insights:
Derivates Type: plasticizers, unsaturated polyester resins, and alkyd resins
Based on the derivates type, the market is segmented as plasticizers, unsaturated polyester resins, and alkyd resins. Plasticizers are the significant application parts for phthalic anhydride, tracked by unsaturated polyester resins and alkyd resins. The growing demand for molding of PVC articles is stimulating its demand majorly in the Asia-Pacific and ROW regions. The increasing application of UPR in reinforced laminates and surface coatings is driving its demand and that for alkyd resins, is primarily propelled by the progress in demand for solvent-borne coatings. However, solvent-borne coatings are exceedingly being substituted by water-borne and powder coatings in their scope of application.
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Application Type: paints & coatings, personal care, and detergents
Based on the application type, the market is segmented as paints & coatings, personal care, and detergents. The paints & coatings application segment held the largest share in 2018, by value and volume. It is also estimated to register the highest growth in the coming five years. The growth is attributed to the rising demand for decorative paints & coatings by the construction industry.
A highly/moderately/fragment consolidated Market
Some of the major players in the phthalic anhydride market are Aekyung Petrochemical Co. Ltd., Asian Paints Ltd., BASF S.E., C-Chem Co. Ltd., Exxon Mobil Corporation, I.G. Petrochemicals Ltd., Koppers Inc., Mitsubishi Gas Chemicals Co. Ltd., Nan Ya Plastics Corp., and Polynt Spa.
Region: Asia-Pacific, South America, and the Middle East signify an increasing demand for PA
In terms of regions, Asia-Pacific, South America, and the Middle East signify an increasing demand for PA, while in North America and Europe, the development for its demand is estimated to be relatively low. The prime reason is the toxic profile of phthalic anhydride which may reach into the environment by inhalation or leaching. While, noxiousness of phthalic anhydride is the chief reason for limitations on its use, it should be made obvious that not all phthalic anhydride-based products are detrimental or toxic at normal level.
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