Global Phthalic Anhydride Market Insights, Forecast to 2028

Phthalic anhydride is a toxic, white solid crystalline compound in various forms or a clear molten liquid, with an irritating odor. It is slightly soluble in hot water, hydrolysing to phthalic acid. PA is soluble in alcohol and carbon disulphide. It reacts with strong oxidants and responds violently when heated with copper oxide or sodium nitrite, to cause an explosion hazard.
Phthalic anhydride is obtained from oxidation of o-xylene or naphthalene in presence of a catalyst usually a vanadium/titanium pentoxide. Plasticizers are the important application area for phthalic anhydride, followed by unsaturated polyester resins (UPR) and alkyd resins.
Market Analysis and Insights: Global Phthalic Anhydride Market
Due to the COVID-19 pandemic, the global Phthalic Anhydride market size is estimated to be worth US$ 11240 million in 2022 and is forecast to a readjusted size of US$ 14390 million by 2028 with a CAGR of 4.2% during the review period. Fully considering the economic change by this health crisis, O-xylene Catalytic Oxidation accounting for % of the Phthalic Anhydride global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Plasticizers segment is altered to an % CAGR throughout this forecast period.
Plasticisers are the important application area for phthalic anhydride, about 51.04% of phthalic anhydride consumption is used for the production of plasticisers, followed by unsaturated polyester resins (UPR) and alkyd resins. The major end-use markets of phthalic anhydride include construction, automotive and marine industries.
In terms of production side, this report researches the Phthalic Anhydride capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Phthalic Anhydride by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Phthalic Anhydride Scope and Segment
Phthalic Anhydride market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Phthalic Anhydride market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
O-xylene Catalytic Oxidation
Naphthalene Catalytic Oxidation
Segment by Application
Plasticizers
UPR
Alkyd Resins
Others
By Company
BASF
ExxonMobil
Aekyung
Thirumalai
Stepan
Koppers
UPC Group
Polynt
Proviron
Lanxess
CEPSA
Uralkhimprom
IG Petrochemicals
Nan Ya Plastics
Deza
Perstorp
Shenghe
Bluesail
Henan Qing'an Chemical
HongXin Company
Anhui Tongling Chemical
New Solar
Jiangsu Sanmu Group
Mitsubishi Gas Chemical
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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