Global Phthalic Anhydride Market – Industry Trends, Market Analysis Insight, Future Growth, Revenue, Market Leader, Key Highlights and Forecast to 2029

 

The universal Phthalic Anhydride business report gives market definition in the form of market driving factors and market restraints which helps estimating the demand of particular product depending on several aspects. This market research report comprises of extensive study about different market segments and regions, emerging trends along with major drivers, challenges and opportunities in the market. This credible report evaluates the common business tactics adopted by top players. It also interprets the growth outlook of the global market. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.

A data triangulation method is used in the entire Phthalic Anhydride market report which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. To generate premium market research report, marketing management must be aware of the minds of their target markets, their feelings, their preferences, their attitudes, convictions and value systems with a formalised and managerial approach. This market research report offers CAGR value fluctuation in percentage during the forecast period of 2022-2029 for the market. An influential Phthalic Anhydride report studies the global market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region.

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Market Definition

Phthalic anhydride is a white colored organic crystalline compound with the chemical formula C6H4 (CO) 2O generally formed due to catalytic oxidization of O-Xylene. Corrosion may be sped up by its exothermic reaction when in contact with water. Materials such as synthetic resins are produced using it. It is phthalic acid in its form as it is used commercially. Plastics made from vinyl chloride are often produced using phthalic anhydride as a chemical intermediary. Given its dual functionality and accessibility, it is referred to as a flexible intermediate in chemical reactions.

Recent Development

·         In September 2021, Axalta announced that it has started working on a cutting-edge coatings factory in northern China in Jilin City, Jilin Province. The brand-new 46,000 square metre facility will manufacture mobility coatings for light trucks, commercial trucks, and automotive plastic parts.

·         In May 2021, PPG has completed a US$13 million investment in its paint and coatings facility in Jiading, China. This investment included eight new powder coating production lines and an expanded Powder Coatings Technology Center. The addition will boost the plant's annual capacity by more than 8,000 metric tonnes.

 

Phthalic Anhydride Market Share Analysis

The phthalic anhydride market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to phthalic anhydride market.

Some of the major players operating in the phthalic anhydride market are

·         LANXESS (Germany)

·         Clariant (Switzerland)

·         Avient Corporation (U.S.)

·         The Lubrizol Corporation (U.S.)

·         LG Chem (South Korea)

·         BASF SE (Germany)

·         3M (U.S.)

·         Dow (U.S.)

·         DuPont (U.S.)

·         LSB INDUSTRIES (U.S.)

·         Sika AG (Switzerland)

·         Innospec (U.S.)

·         ADEKA CORPORATION (Japan)

·         Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)

·         PMC Specialties Group (U.S.)

·         Chemplast Sanmar Limited (India)

·         Westlake Chemical Corporation (U.S.)

·         Mitsubishi Chemical Corporation (Japan)

·         SABIC (Saudi Arabia)

·         Afton Chemical (U.S.)

·         Mayzo, Inc. (U.S.)

·         Solvay (Belgium)

·         Akzo Nobel N.V. (Netherlands)

·         Arkema (France)

·         Eastman Chemical Company (U.S.)

 

Global Phthalic Anhydride Market Scope

The phthalic anhydride market is segmented on the basis of process, end user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Process

·         O-Xylene Catalytic Oxidation

·         Naphthalene Catalytic Oxidation

 Application

·         Plasticizers

·         Unsaturated Polyester Resins

·         Alkyd Resins

·         Flame Retardant

·         Dyes and Pigments

End User

·         Automotive

·         Electrical and Electronics

·         Construction

·         Others

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Anhydride Market Regional Analysis/Insights

The phthalic anhydride market is analyzed and market size insights and trends are provided by country, process, end user and application as referenced above.

The countries covered in the phthalic anhydride market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing demand of Polyvinyl Chloride (PVC) based components from countries such as China and India.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing usage across end use industries and surging research and development activities in the region.

Our Reports Will Help Clients Solve the Following Issues:

 Uncertainty about the future: Our research and insights assist our clients forecast revenue compartments and growth ranges in the future. This will assist our clients in investing in or selling their assets.

Grasp market opinions:

For a strategy, it is critical to have an objective understanding of market opinions. Our research provides a clear picture of market mood. We maintain this surveillance by engaging with Key Opinion Leaders from each industry's value chain.

Recognizing the most dependable investment hubs:

Our analysis assesses market investment centres based on projected demand, returns, and profit margins. By using our market research, our clients may concentrate on the most important investment centres.

Identifying and assessing possible business partners:

Our research and insights assist our clients in identifying business partners.

Key questions answered in the report:

·         What will the market development pace of Anhydride market?

·         What are the key factors driving the Global Anhydride market?

·         Who are the key manufacturers in market space?

·         What are the market openings, market hazard and market outline of the market?

·         What are sales, revenue, and price analysis of top manufacturers of Anhydride market?

·         Who are the distributors, traders, and dealers of Anhydride market?

·         What are the Anhydride market opportunities and threats faced by the vendors in the Global Anhydride industries?

·         What are deals, income, and value examination by types and utilizations of the market?

·         What are deals, income, and value examination by areas of enterprises?

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