HOME Press Releases Phthalic Anhydride Market worth $8.42 Billion by 2018



Phthalic Anhydride Market worth $8.42 Billion by 2018


The report "Phthalic Anhydride Market and Derivatives (Plasticizers, Unsaturated Polyester Resins and Alkyd Resins) by Application & Geography – Trends & Forecast to 2018" defines and segments phthalic anhydride market with analysis and forecasting of market volume and value. The report also estimates the demand and value of the derivatives separately. The market of phthalic anhydride is projected to grow from an estimated $6,130.55 million in 2013 to $8,415.89 million by 2018, with a CAGR of 5.24% from 2013 to 2018.

           Request Sample            Request Sample

Browse 86 market data tables and 23 figures spread through 178 pages and in-depth TOC on “Phthalic Anhydride Market and Derivatives (Plasticizers, Unsaturated Polyester Resins and Alkyd Resins) by Application & Geography - Trends & Forecast to 2018"
http://www.marketsandmarkets.com/Market-Reports/phthalic-anhydride-derivatives-market-179828823.html
Early buyers will receive 10% customization on reports.

The most important function of phthalic anhydride is to address the problem of moldability of PVC, curing of coatings, and surface protection. It finds its application in various industries that include dyes & pigments, chemical intermediates, flame retardants, herbicides, and insecticides apart from its use in traditional industries such as plastics, construction, automobile, and paints & coatings. However, due to environmental regulations in European and North American regions, the focus of the end-use applicators is to reduce the leaching of phthalic anhydride into the atmosphere or shift to an alternate feedstock. Although the highest growth is expected in alkyd resins application of phthalic anhydride, plasticizers will be by far its largest application.

According to the estimates, the Asia-Pacific region leads the market for phthalic anhydride with 64.38% share by volume at the global level in 2012, followed by Europe (14.94%), North America (8.80%), and Rest of the World (11.88%). Around 56.00% of phthalic anhydride has been estimated to be consumed for phthalate plasticizers in 2012. For unsaturated polyester resins and alkyd resins, the share ranged from 14.00% to 18.00%.

The growth of phthalic anhydride market has been studied through in-depth analysis of important factors that drive the market, such as availability of technology and growing economy of the Asia-Pacific region with opportunities in improving the chemistry of end-use products and their increasing demand. However, the toxic nature of phthalates and sourcing of raw materials are proving to be the important restraining factors for the market.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports