Phthalic Anhydride Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

Format: Online | Last Updated: Dec 2020

[Online Quarterly Update]Global Phthalic Anhydride market is expected to grow at a healthy CAGR of about 5.8% during the forecast period. Phthalic Anhydride is an organic compound which is the anhydride of Phthalic acid. It is a white crystalline solid. It is a significant industrial chemical and used for production of plasticizers. It is also used as an intermediate in organic chemistry. Phthalic Anhydride is industrially manufactured by oxidation of Ortho-Xylene and Naphthalene. The products derived from anhydride have high position in the end use industries in the manufacturing of plastics, automotive, paint & coatings, electrical & electronics, and others. The demand of phthalic anhydride depends on the demand of its end user products. Consequently, the consumption of plastic products, paints as well as electronic products directly influence the demand of Phthalic Anhydride globally. Itis majorly used in the production of polyester resins and otherwise used in the production of alkyd resins which are then used in the production of paints, insect repellents, and polyester polyols, etc. High demand for PVC in construction and the automotive industry is expected to spur the demand for plasticizers, which in turn will directly influence the demand of Phthalic Anhydride. The rising demand for plasticizers for the manufacture of flexible PVC is anticipated to drive the Phthalic Anhydride market globally. Availability of Phthalic Anhydride at low-cost and its wide usage in various industries are the major reasons for the high growth of Phthalic Anhydride in the market. Phthalic Anhydride demand has been growing, owing to the government's increased focus and expenditure on infrastructure and housing development. The rising demand for PVC from the automotive and construction industries in APAC countries, due to increasing investments, is likely to drive the phthalic anhydride market.

Years Considered for this Report:
 
Historical Years: 2015 – 2018
 
Base Year: 2019
 
Estimated Year: 2020
 
Forecast Period: 2021 – 2030
 
Objective of the Study: 
 
• The primary objective of the study was to evaluate and forecast Phthalic Anhydride capacity, production, demand and demand – supply gap globally.
 
• To categorize Phthalic Anhydride demand based on type, end use, application, region and sales channel. 
 
• To study company shares in Global Phthalic Anhydride market. 
 
• To identify major customers of Phthalic Anhydride globally.
 
• To evaluate and forecast Phthalic Anhydride pricing in Global Phthalic Anhydride market.
 
• To identify and profile major companies operating in Global Phthalic Anhydride market.
 
• To identify major news, deals and expansion plans in Global Phthalic Anhydride market.

Phthalic Anhydride prices declined in 2020 because of the ban of plastic products in a number of countries. Not only that, the downfall in the prices of the raw material, i.e. Ortho-Xylene has reduced the prices of Phthalic Anhydride across all major economies. The year ahead looks negative for the manufacturers as diminishing raw material prices would further cut the rates of Phthalic Anhydride globally. Therefore, a decline of 1.9 percent in the rate was assessed during the third quarter of 2019.

Some of the leading players operating in the Global Phthalic Anhydride market are BASF (Germany), Shandong Hongxin (China), Nan-Ya Plastics (Taiwan), ExxonMobil Chemical (U.S.), Aekyung Petrochemical (Japan), IG Petrochemicals (India), Polynt SPA (Italy), Lanxess (Germany), PolyntSpA (Italy), Proviron Basic Chemicals (Belgium) and Koppers Industries (U.S.), etc.

To extract data for Global Phthalic Anhydride market, primary research surveys were conducted with Phthalic Anhydride manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Phthalic Anhydride market over the coming years. 
 
ChemAnalyst calculated Phthalic Anhydride global demand by analyzing the historical data and demand forecast was carried out considering crude oil prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
 
Key Target Audience:
 
• Phthalic Anhydride manufacturers and other stakeholders
• Organizations, forums and alliances related to Phthalic Anhydride distribution
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Phthalic Anhydride manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Report Scope:
 
In this report, the Global Phthalic Anhydride market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Market, by End Use
Automotive, Electrical and Electronics, Paints & Coatings Industry, Others
Market, by Application
Plasticizers, Unsaturated Polyester resin, Alkyd resin, Flame Retardant, Dyes and pigments
Market, by Sales Channel
Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region
North America, APAC, Europe, MEA, South America
 
Market, by Region
 
North America
North America, Mexico, Canada
APAC
China, India, Japan, South Korea, Singapore, Indonesia, Thailand
Europe
Germany, Russia, France, United Kingdom, Spain, Italy
MEA
Saudi Arabia, UAE, South Africa
South America
Brazil, Argentina, Chile
 
Competitive Landscape
 

ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial performance, growth strategies, expansion plans, SWOT analysis etc. to give comprehensive and meaningful insights on the respective product market.

Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
 
In case you can’t find what you are looking for then please get in touch with our custom research team at sales@chemanalyst.com

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