[178 Pages Report] This Phthalic Anhydride Market research report provides details about the trends and growth prospects for the global phthalic anhydride market, by the end of 2018. The anhydride of phthalic acid is obtained from the oxidation of o-Xylene or Naphthalene. The products derived from anhydride have high importance in industries such as plastics, automotive, paint & coatings, electrical & electronics, and others. The demand of phthalic anhydride depends on the demand of its downstream products. Since, these products directly interact with the customers; any change in the consumption pattern of these products gets reflected in the consumption of PA. The regions such as Asia-Pacific, South America, and Middle East represent growing demand for PA, while in North America and Europe the growth in its demand is expected to be relatively low. The main reason is the toxic profile of phthalic anhydride which may enter the environment by leaching or inhalation. Although, toxicity of phthalic anhydride is the main reason for restrictions on its use, it should be made clear that not all the phthalic anhydride-based products are harmful or toxic at normal level.

Plasticizers are the important application area for phthalic anhydride, followed by unsaturated polyester resins and alkyd resins. The increasing demand for molding of PVC articles is driving its demand particularly in the Asia-Pacific and ROW regions. The growing application of UPR in reinforced laminates and surface coatings is driving its demand and that for alkyd resins is particularly driven by growth in demand of solvent-borne coating. However, solvent-borne coatings are increasingly being replaced by water-borne and powder coatings in its area of application.

This study estimates the global phthalic anhydride market by the end of 2018. The Asia-Pacific region is the most dominant market owing to large and growing demand for plastics, paints & coatings, herbicides, insecticides, and other chemical intermediates.

This phthalic anhydride market research study provides detailed qualitative and quantitative analysis of the global market and its derivatives. The report provides a comprehensive review of the important drivers, restraints, opportunities, winning imperatives, and challenges in the market. The market is further segmented and forecasted for key geographic regions which are North America, Europe, Asia�Pacific, and Rest of the World. The market share of top players has been discussed for PA. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities.

We have used various secondary sources such as company�s annual reports, directories, and databases to identify and collect information useful for this extensive commercial study. The primary sources � experts from related industries - have been interviewed to obtain and verify critical information as well as to assess the future prospects of phthalic anhydride.

We have also profiled leading players of this industry with their recent developments and other strategic industry activities. The key companies in the global phthalic anhydride market include BASF (Germany), Shandong Hongxin (China), Nan-Ya Plastics (Taiwan), ExxonMobil Chemical (U.S.), Aekyung Petrochemical (Japan), IG Petrochemicals (India), Polynt SPA (Italy), and Koppers Industries (U.S.).

Scope of the report

This Phthalic Anhydride Market research report categorizes the global market (for both phthalic anhydride and its derivatives) on the basis of derivatives and geography; forecasting volume and value; and analyzing trends in each of the submarkets:

On the basis of derivatives:

Plasticizers

Unsaturated Polyester Resins

Alkyd Resins

On the basis of geography:

North America

Europe

Asia-Pacific

ROW

Phthalic anhydride is a precursor for various industrial products such as plasticizers, alkyd resins & coatings, polyester resins, polyester polyols, and others. Derivatives of phthalic anhydride are used in a broad spectrum of industries such as paints & coatings, automotive, electronics, electrical, building & construction, and other.

Germany is estimated to have the largest share of the region�s demand for phthalic anhydride. The country is estimated to occupy the maximum share with regards to the demand for phthalic anhydride in applications such as plasticizers, unsaturated polyester resins, and alkyd resins. However, the region now focuses on sustainable products such as phthalate free plasticizers and low phthalic anhydride that contains UPRs; it will continue to affect the demand of the product in the country. This trend may have created a room for its substitutes, but it will still take more time to replace phthalic anhydride completely from its existing applications.

The European phthalic anhydride market, in terms of value, is projected to reach $1,324.6 million by 2019 from $1,141 million in 2014, at a CAGR of 3% from 2014 to 2019. The rising demand for plasticizers and increasing initiatives of the companies to develop low phthalate-based plasticizers contributes to the growth of phthalic anhydride in Europe.

Based on applications, the phthalic anhydride market is segmented into plasticizers, unsaturated polyester resins, alkyd resins, and others. The plasticizers segment accounted for a share of 45.1% of the total Europe phthalic anhydride market in 2014. Extensive use of phthalic-based plasticizers in Europe and government regulations that support phthalic based plasticizers contributes to the growth of phthalic anhydride in Europe. Thus, it is estimated that the plasticizers segment would continue to lead the European phthalic anhydride market in the coming years.

The key players of the European phthalic anhydride market include BASF SE (Germany), Exxon Mobil Corporation (U.S.), Lanxess (Germany), Polynt SpA (Italy), Proviron Basic Chemicals (Belgium), Slovnaft (Slovakia), and among others.