The global Phthalic Anhydride Market 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.
View
summary of this report @
http://www.grandviewresearch.com/industry-analysis/phthalic-anhydride-market
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.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
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
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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