Description
Global
Phthalic Anhydride Market Analysis By Application (Phthalate Plasticizers,
Unsaturated Polyester Resins, Alkyd Resins) Expected To Reach USD 10.39 Billion
By 2020
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The
global market for phthalic anhydride is expected to reach USD 10,387.5 million
by 2020. Increasing demand for phthalate plasticizers due to rise in consumption
of polyvinyl chloride coupled with growing demand for unsaturated polyester
resins is expected to drive the market growth for phthalic anhydride. In
addition, growing demand for polyvinyl chloride in the Asia Pacific automobile
industry, particularly China and India, is also expected to impact phthalic
anhydride demand positively. Applications in coating and paints industry are
expected to serve as key market opportunity in the near future.
Phthalate
plasticizers were the largest application segment, accounting for 2,584.7 kilo
tons of total demand in 2013 that is expected to reach 3,280.9 kilo tons in
2020, growing at a CAGR of 3.5% from 2014 to 2020. Increasing demand of
phthalate plasticizers in automobiles and construction industry is expected to
augment demand growth for phthalic anhydride over the forecast period.
Unsaturated polyester resins were the second largest application segment with
market share of 18.17% and global demand for 832.9 kilo tons in 2013. The
market is expected to witness lucrative growth due to its rising demand in
surface coating and manufacturing reinforced laminates.
Further
key findings from the study suggest:
Global
phthalic anhydride demand was 4,584.0 kilo tons in 2013 and is expected to
reach 5,900.1 kilo tons by 2020, growing at a CAGR of 3.7% from 2014 to 2020.
Asia
Pacific was the leading regional market for phthalic anhydride accounting for
over 51% of global market revenue, valued at USD 3.58 billion in 2013. The
market is expected to show extensive growth owing to rapid development in
transportation and construction sectors, at an estimated CAGR of 6.2% from 2014
to 2020.
Europe
and Latin America are expected to witness demand growth in phthalic anhydride,
at an estimated CAGR of 2.5% and 4.1% from 2014 to 2020, respectively.
In
2013, alkyd resins accounted for the third largest application segment with
demand of 691.8 kilo tons and revenue of USD 1.1 billion in 2013. The market is
expected to be the most attractive due to rising demand for protective coatings
in the paint industry.
The
global phthalic anhydride market is highly fragmented with top five companies
accounting for less than 30% of the market in 2013. Key participants include
UPC Technology Corp., Aekyung Petrochemicals, BASF SE, ExxonMobil Chemical and
Polynt SpA.
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For
the purpose of this study, Grand View Research has segmented the global
phthalic anhydride market on the basis of application and region:
Phthalic
Anhydride Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2020)
Phthalate
Plasticizers
Unsaturated
Polyester Resins
Alkyd
Resins
Others
Phthalic
Anhydride Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012-2020)
North
America
Europe
Asia
Pacific
RoW
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