Lockdown induced in the second quarter continued to weigh over the market fundamentals of the European Phthalic Anhydride till mid of July due to high inventories of PA. In August, the condition marginally improved with a long maintenance turnaround in a large-scale PA plant. By the end of September, regional Phthalic Anhydride market witnessed much needed revival, supported the strong downstream demand form the UPR segment. After the slow crawl in July-August period, PA demand recovery was fast pace, far above the market expectations.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Phthalic Anhydride are analyzed and region-wise demand pattern is tracked.
Phthalic Anhydride is a white crystalline organic chemical compound, partially soluble in hot water and completely soluble in carbon disulphide and alcohol. It is highly reactive with strong oxidants and shows a hazardous reaction when heated with sodium nitrate or copper oxide. For commercial usage, Phthalic Anhydride is of the purity range between 99.8-99.9% and is available as flakes as well as in molted form. It mainly utilized for producing unsaturated polyester resins, phthalate plasticizers and alkyd resins. Plasticizers hold maximum share of the Phthalic Anhydride demand as of 2020, followed by unsaturated polyester resins (UPR). Major end-user industries of Phthalic Anhydride include machinery, construction, marine, transportation, dyes and pigments etc. Phthalic Anhydride was conventionally manufactured by the oxidation of Naphthalene in highly concentrated Sulphuric Acid, under the presence of Mercury Sulphate as a catalyst. At present, the process has been modified, and the production of Phthalic Anhydride is achieved through the oxidation of Naphthalene in the vapor phase using vanadium oxide as a catalyst.