Plasticizers Demand from Asia-Pacific Driving the Market
The demand of phthalic anhydride is surging due to the production of plasticizers, which is widely used in the production of PVC. The growing demand for PVC from the automotive and construction industries in Asia-Pacific, owing to increasing investments, is likely to drive the phthalic anhydride market during the forecast period.
Plasticizers to be the Dominant Application
Plasticizers application accounted for more than 50% of the phthalic anhydride market share. The driving force for plasticizers is the increasing demand for PVC from the construction industry. China, India, and Western Europe are likely to lead the market for the production of plasticizers. Unsaturated Polyester Resins (UPR) accounted for the second largest market share in 2017 and are likely to have the fastest rate, due to increasing use of UPR for the production of fiber reinforced plastics.
Construction Industry Supporting the Market in Asia-Pacific
Asia-Pacific is leading in the consumption of phthalic anhydride and is likely to continue its position due to increasing construction and automotive manufacturing activities in the region. The developing countries in this region will drive the demand for the market as the demand for buildings catering to education, healthcare, and social infrastructure is increasing.
In Sep 2017, I G Petrochemicals announced the expansion of its phthalic anhydride plant with a capacity of 53,000 MTPA in Maharashtra, India, and the plant is expected to be commissioned in 2018–2019.
Major players are BASF SE, Exxon Mobil Corporation, Mitsubishi Gas Chemicals Co., Ltd, Nan Ya Plastics Corp., and Polynt SpA, amongst others.
Reason to Purchase the Report
- To understand the impact of various applications on the market.
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
- To understand the dominating application and end-user industry in the market.
- Identify the countries expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis & Trends
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Patent Analysis
3.5 Import & Export Trends
3.6 Price Trends
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
220.127.116.11 Major Plants & Locations (Installed Capacities)
3.8 Upcoming Projects
3.9 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Growing Demand for Plasticizers in Asia-Pacific
4.1.2 Increasing Use of Fiberglass-Reinforced Plastics
4.2.1 Harmful Effects of Phthalates Due to its Toxicity
4.2.2 Development of Bio-based Alternative of Phthalic Anhydride
4.3.1 Capacity Expansion for Phthalic Anhydride Derivatives
5. Market Segmentation and Analysis
5.1 By Application
5.1.2 Alkyd Resins
5.1.3 Unsaturated Polyester Resins
5.2 By End-user Industry
5.2.2 Electrical and Electronics
5.2.3 Paints and Coatings
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.5 Rest of Europe
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
8.1 Aekyung Petrochemical Co. Ltd
8.2 Asian Paints Ltd
8.3 BASF SE
8.4 C-Chem Co., Ltd
8.5 Exxon Mobil Corporation
8.6 I G Petrochemicals Limited
8.7 Koppers Inc.
8.9 Mitsubishi Gas Chemicals Co., Ltd
8.10 Nan Ya Plastics Corp.
8.11 Nippon Steel & Sumikin Chemical Co. Ltd
8.12 Polynt SpA
8.15 Stepan Company
8.16 Thirumalai Chemicals Ltd
*List not Exhaustive
9. Future of the Market
**Subject to Availability of Public Domain
- BASF SE
- Exxon Mobil Corporation
- Mitsubishi Gas Chemicals Co. Ltd.
- Nan Ya Plastics Corp.
- Polynt Spa
- Aekyung Petrochemical Co. Ltd.
- Asian Paints Ltd.
- C-Chem Co. Ltd.
- I G Petrochemicals Limited
- Koppers Inc.
- Nippon Steel & Sumikin Chemical Co. Ltd.
- Thirumalai Chemicals Ltd.
- Stepan Company