Phthalic Anhydride Market Future Frontiers: Industry Outlook, Size, and Growth Forecast 2030

Phthalic Anhydride Market size was valued at USD 4.58 Bn. in 2023 and the total Phthalic Anhydride revenue is expected to grow by 6.6 % from 2024 to 2030, reaching nearly USD 7.17 Bn.

Phthalic Anhydride Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Phthalic Anhydride Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Phthalic Anhydride market, with forecasts outspreading to the year 2030.

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Phthalic Anhydride Market Scope and Methodology:

The Phthalic Anhydride market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Phthalic Anhydride market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Phthalic Anhydride Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The Phthalic Anhydride Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

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Phthalic Anhydride Market Regional Insights:

This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research's geographic analysis makes it possible to comprehend the Phthalic Anhydride market situations in various nations. The Phthalic Anhydride market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.

Phthalic Anhydride Market Segmentation:

by Derivatives

Plasticizers
Unsaturated polyester resins
Alkyd resins
Flame retardant
Dyes pigments

According to the derivatives, the plasticizers sector is anticipated to dominate the global market and generate a significant portion of revenue over the course of the projected year. The plasticizers market is expected to be driven during the projected period by the growing demand for plasticizers for the production of flexible PVC. Approximately 85% of the plasticizers market is devoted to the production of flexible PVC. Plasticizers are in high demand because of the need to soften plastics so they can be used in a variety of End uses, including flooring, wall covering, film and sheet, and wire and cable.

by Process

O-Xylene Catalytic Oxidation
Naphthalene Catalytic Oxidation

by End User

Automotive
Electrical and electronics
Construction
Others

According to End Users, the global market's largest revenue share is accounted for by the construction segment. The construction sector is anticipated to have the largest market for phthalic anhydride since it uses PVC, UPR, and alkyd resin in a variety of goods for a broad customer base. But as the economy shifts to being driven by customers and services, there are opportunities for growth in the construction sector due to the need for structures that serve retail, healthcare, education, and other end-markets for customers.

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Phthalic Anhydride Market Key Players:

1. BASF SE [Germany]
2. Hongxin Chemical
3. NAN YA PLASTICS CORPORATION
4. ExxonMobil Corporation [United States]
5. Aekyung Petrochemical Co., Ltd
6. I G Petrochemicals Limited
7. Polynt SPA
8. Koppers Inc.
9. Mitsubishi Gas Chemicals Co. Inc.
10. UPC Group
11. Asian Paints
12. Shandong Hongxin
13. Cp-Chem Co. Ltd.
14. LANXESS
15. Proviron Basic Chemicals
16. Slovnaft
17. Thirumalai Chemicals Ltd
18. Hanwha Chemical Corporation
19. OCI Company Limited

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Key questions answered in the Phthalic Anhydride Market are:

What is Phthalic Anhydride?
What was the Phthalic Anhydride market size in 2023?
What is the growth rate of the Phthalic Anhydride Market?
Which are the factors expected to drive the Phthalic Anhydride market growth?
What is the CAGR at which the Phthalic Anhydride market will grow during the forecast period?
What are the different segments of the Phthalic Anhydride Market?
Which is the fastest growing region in the Phthalic Anhydridemarket?
What growth strategies are the players considering to increase their presence in Phthalic Anhydride?
What are the upcoming opportunities and trends for the Phthalic Anhydride Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Phthalic Anhydride Market?
Who are the leading companies and what are their portfolios in Phthalic Anhydride Market?
What segments are covered in the Phthalic Anhydride Market?
Who are the key players in the Phthalic Anhydride market?

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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective