The global
market for phthalic anhydride is expected to reach USD 10,387.5 million
by 2020, according to a new study by Grand View Research, Inc.
Increasing demand for phthalate plasticizers due to rise in consumption
of polyvinyl
chloride coupled with growing demand for unsaturated polyester resins
is expected to drive the market growth for phthalic anhydride. In
addition, growing demand for polyvinyl chloride in the Asia Pacific
automobile industry,
particularly China and India, is also expected to impact phthalic
anhydride demand positively. Applications in coating and paints industry
are expected to serve as key market opportunity in the near future.
Phthalate plasticizers were the largest
application segment, accounting for 2,584.7 kilo tons of total demand in
2013 that is expected to reach 3,280.9 kilo tons in 2020, growing at a
CAGR of 3.5% from 2014 to 2020. Increasing demand of phthalate
plasticizers in automobiles and construction industry is expected to
augment demand growth for phthalic anhydride over the forecast period.
Unsaturated polyester resins were the second largest application segment
with market share of 18.17% and global demand for 832.9 kilo tons in
2013. The market is expected to witness lucrative growth due to its
rising demand in surface coating and manufacturing reinforced laminates.
The report “Phthalic Anhydride Market Analysis By Application (Phthalate Plasticizers, Unsaturated Polyester Resins, Alkyd Resins) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/phthalic-anhydride-market
Further key findings from the study suggest:
• Global phthalic anhydride demand was
4,584.0 kilo tons in 2013 and is expected to reach 5,900.1 kilo tons by
2020, growing at a CAGR of 3.7% from 2014 to 2020.
• Asia Pacific was the leading regional market for phthalic anhydride accounting for over 51% of global market revenue, valued at USD 3.58 billion in 2013. The market is expected to show extensive growth owing to rapid development in transportation and construction sectors, at an estimated CAGR of 6.2% from 2014 to 2020.
• Europe and Latin America are expected to witness demand growth in phthalic anhydride, at an estimated CAGR of 2.5% and 4.1% from 2014 to 2020, respectively.
• In 2013, alkyd resins accounted for the third largest application segment with demand of 691.8 kilo tons and revenue of USD 1.1 billion in 2013. The market is expected to be the most attractive due to rising demand for protective coatings in the paint industry.
• The global phthalic anhydride market is highly fragmented with top five companies accounting for less than 30% of the market in 2013. Key participants include UPC Technology Corp., Aekyung Petrochemicals, BASF SE, ExxonMobil Chemical and Polynt SpA.
• Asia Pacific was the leading regional market for phthalic anhydride accounting for over 51% of global market revenue, valued at USD 3.58 billion in 2013. The market is expected to show extensive growth owing to rapid development in transportation and construction sectors, at an estimated CAGR of 6.2% from 2014 to 2020.
• Europe and Latin America are expected to witness demand growth in phthalic anhydride, at an estimated CAGR of 2.5% and 4.1% from 2014 to 2020, respectively.
• In 2013, alkyd resins accounted for the third largest application segment with demand of 691.8 kilo tons and revenue of USD 1.1 billion in 2013. The market is expected to be the most attractive due to rising demand for protective coatings in the paint industry.
• The global phthalic anhydride market is highly fragmented with top five companies accounting for less than 30% of the market in 2013. Key participants include UPC Technology Corp., Aekyung Petrochemicals, BASF SE, ExxonMobil Chemical and Polynt SpA.
For the purpose of this study, Grand View Research has segmented the global phthalic anhydride market on the basis of application and region:
• Phthalic Anhydride Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Phthalate Plasticizers
• Unsaturated Polyester Resins
• Alkyd Resins
• Others
• Phthalic Anhydride Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012-2020)
• North America
• Europe
• Asia Pacific
• RoW
• Phthalate Plasticizers
• Unsaturated Polyester Resins
• Alkyd Resins
• Others
• Phthalic Anhydride Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012-2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a market
research and consulting company that provides off-the-shelf, customized
research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and energy. With a deep-seated
understanding of varied business environments, Grand View Research
provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
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