Phthalic anhydride is a toxic, white solid crystalline compound in various forms or a clear molten liquid, with an irritating odor. It is slightly soluble in hot water, hydrolysing to phthalic acid. PA is soluble in alcohol and carbon disulphide. It reacts with strong oxidants and responds violently when heated with copper oxide or sodium nitrite, to cause an explosion hazard.
Phthalic anhydride is obtained from oxidation of o-xylene or naphthalene in presence of a catalyst usually a vanadium/titanium pentoxide. Plasticizers are the important application area for phthalic anhydride, followed by unsaturated polyester resins (UPR) and alkyd resins.
Market Analysis and Insights: Global Phthalic Anhydride Market
Due to the COVID-19 pandemic, the global Phthalic Anhydride market size is estimated to be worth US$ 11240 million in 2023 and is forecast to a readjusted size of US$ 14390 million by 2030 with a CAGR of 4.2% during the forecast period 2023-2030. Fully considering the economic change by this health crisis, O-xylene Catalytic Oxidation accounting for % of the Phthalic Anhydride global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Plasticizers segment is altered to an % CAGR throughout this forecast period.
Plasticisers are the important application area for phthalic anhydride, about 51.04% of phthalic anhydride consumption is used for the production of plasticisers, followed by unsaturated polyester resins (UPR) and alkyd resins. The major end-use markets of phthalic anhydride include construction, automotive and marine industries.
Global Phthalic Anhydride Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Phthalic Anhydride Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
O-xylene Catalytic Oxidation
Naphthalene Catalytic Oxidation
Segment by Application
Plasticizers
UPR
Alkyd Resins
Others
By Company
BASF
ExxonMobil
Aekyung
Thirumalai
Stepan
Koppers
UPC Group
Polynt
Proviron
Lanxess
CEPSA
Uralkhimprom
IG Petrochemicals
Nan Ya Plastics
Deza
Perstorp
Shenghe
Bluesail
Henan Qing'an Chemical
HongXin Company
Anhui Tongling Chemical
New Solar
Jiangsu Sanmu Group
Mitsubishi Gas Chemical
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
