Comprehensive Description of the Phthalic Anhydride Market:

The new market intelligence report published by Maximize Market Research indicates the promising growth of the Phthalic Anhydride Market in the forecast period. The Phthalic Anhydride market report includes the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global market, along with the Phthalic Anhydride market size of each region and segment.

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Global Phthalic Anhydride Market size was valued at USD 4.30 Bn. in 2022 and the total Phthalic Anhydride revenue is expected to grow by 6.6 % from 2023 to 2029, reaching nearly USD 6.73 Bn.

Phthalic Anhydride Market Report Scope and Research Methodology

The report provides deep insights into the Phthalic Anhydride market by covering all the major aspects. It includes a detailed analysis of the Phthalic Anhydride market at local, regional, and global levels. The competitive analysis section lists the Phthalic Anhydride key competitors and new entrants by various classifications, such as region, financial status, revenue, technological advancements adopted, marketing strategies, mergers and acquisitions, joint ventures, and product portfolio. SWOT analysis was used to identify the strengths and weaknesses of the key players in the Phthalic Anhydride industry. Porter's and PESTLE analyses help to understand the Phthalic Anhydride market from different perspectives, such as political, economic, social, technological, environmental, and legal.

Dynamics of the Phthalic Anhydride Market:

The market is driven by the growing demand for phthalic anhydride in the plastic and automotive industries.
The main component needed to produce phthalate plasticizers is phthalic anhydride, which is widely utilised in the plastics sector. The market is driven ahead by the growing automotive sector and the ongoing demand for plastics in a variety of applications, from packaging to building materials like paints and coatings. The primary driver of the market is the ability to employ any appropriate commercially available oxidation catalyst due to technological design, which lowers investment and operating costs when there is a high concentration of o-xylene in the input gas.

Phthalic Anhydride Market Regional Insights

The report includes a detailed explanation of all the factors, market size, growth rate, and import and export in regions:

1)North America

2) Europe

3) Asia Pacific

4) Latin America

5) the Middle East, and Africa.

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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

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

Table of content for the Phthalic Anhydride Market includes: 

Part 01: Executive Summary

Part 02: Scope of the Phthalic Anhydride Market Report

Part 03: Global Phthalic Anhydride Market Landscape

Part 04: Global Phthalic Anhydride Market Sizing

Part 05: Global Phthalic Anhydride Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key questions answered in the Phthalic Anhydride Market are:

• What is the expected Phthalic Anhydride market size by the end of the forecast period?
• What are the recent industry trends that can be implemented to generate additional revenue streams for Phthalic Anhydride Market?
• Which factors are creating lucrative opportunities for the Phthalic Anhydride market growth?
• How is the intervention from regulatory authority shaping the Phthalic Anhydride Market?
• What growth strategies are the players considering to increase their presence in Phthalic Anhydride Market?
• What is the Phthalic Anhydride market size of the dominating region?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segments with their sub-segments and region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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