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Phthalic Anhydride Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4515077
  • Report
  • 110 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • BASF SE
  • Exxon Mobil Corporation
  • Koppers Inc.
  • LANXESS
  • Polynt SpA
  • Stepan Company
  • MORE
Market Overview

The market for phthalic anhydride is anticipated to register a CAGR of more than 2%, through the forecast period, owing to an increase in the utilization of plasticizers, which is used in the production of polyvinyl chloride (PVC), in the Asia-Pacific region. The growing demand for glass fiber reinforced plastics in various industries is also likely to stimulate the phthalic anhydride market during the forecast period.
  • Increasing construction activities in Asia-Pacific is augmenting the growth of the market.
  • Harmful effects of phthalates due to its toxicity and development of bio-based alternative of phthalic anhydride are likely to hinder the market’s growth.
  • Increasing use of glass fiber reinforced polymers and capacity expansion for phthalic anhydride derivatives are projected to act as an opportunity for the market in future.
Key Market Trends

Alkyd Resin to Emerge as one of the Fastest Growing Application
  • By application, alkyd resins attribute to approximately 20% of the global phthalic anhydride market, by application, in 2018. Phthalic anhydride has been considered as a major reference resin, used for the manufacturing of alkyd resin-based paints & coatings.
  • Alkyd resins are produced by heating polyhydric alcohols with diacids or their anhydrides. The alkyd coatings are the most highly consumed coatings across the world. They can be available as short oil, medium oil, long oil, and ultra-long alkyd resins. Long oil alkyd resins have good wood penetration properties; thus, they are suitable for wood stains.
  • Moreover, these resins are widely used for the production of high-performance materials such as solvent-based architectural coatings.
  • Paints & coatings, with excellent anti-corrosive properties, can be prepared by long oil alkyd resins that are modified with maleic anhydride and phthalic anhydride.
  • Factors such as growing consumption of alkyd resins in developing economies owing to the rising paints & coatings industry, are in turn increasing the demand for phthalic anhydride market.
Asia-Pacific region to Dominate the Market
  • China is the largest consumer of phthalic anhydride in the Asia-Pacific region and the demand is expected to grow further in the coming years due to several factors.
  • With the decreasing prices of naphthalene and low operating costs involved in the production, the capacity of phthalic anhydride is also increasing in the country.
  • New phthalic anhydride producing facilities are being setup by manufacturers, such as Tangshan Risun Chemical and Handan Xinbao Coal Chemical, in China in 2018.
  • Additionally, China is the largest consumer of plastics in the global scenario. The demand for plastics, such as PVC, is expected to grow at a rapid rate in the country in the near future, owing to the expanding packaging and manufacturing sectors.
  • The Chinese manufacturing industry is expected to grow, on an average, by more than 7-8% every year, with transportation and heavy equipment manufacturing being the major growth segments.
  • Owing to these factors, the demand for plasticizers in China is expected to grow at a significant rate in the coming years, which, in turn, is expected to boost the demand for phthalic anhydride used in plasticizers.
  • Hence, the aforementioned factors are expected to drive the consumption of phthalic anhydride for various applications through the forecast period.
Competitive Landscape

The phthalic anhydride market is a fragmented market with the presence of large number of global and local players in the market. The major players in the phthalic anhydride market are BASF SE, ExxonMobil Corporation, LANXESS, I G Petrochemicals Limited, Aekyung Petrochemical Co. Ltd and Mitsubishi Gas Chemical Company, among others.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • BASF SE
  • Exxon Mobil Corporation
  • Koppers Inc.
  • LANXESS
  • Polynt SpA
  • Stepan Company
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Construction Activities in Asia-Pacific
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Harmful Effects of Phthalates due to its Toxicity
4.2.2 Development of Bio-based Alternative of Phthalic Anhydride
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
4.6 Import & Export Trends
4.7 Price Trends
4.8 Supply Scenario

5 MARKET SEGMENTATION
5.1 Application
5.1.1 Plasticizers
5.1.2 Alkyd Resins
5.1.3 Unsaturated Polyester Resins
5.1.4 Other Applications
5.2 End-user Industry
5.2.1 Automotive
5.2.2 Electrical & Electronics
5.2.3 Paints & Coatings
5.2.4 Plastics
5.2.5 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 Russia
5.3.3.5 France
5.3.3.6 Spain
5.3.3.7 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Aekyung Petrochemical Co. Ltd
6.4.2 BASF SE
6.4.3 Exxon Mobil Corporation
6.4.4 I G Petrochemicals Limited
6.4.5 Koppers Inc.
6.4.6 LANXESS
6.4.7 MITSUBISHI GAS CHEMICAL COMPANY, INC.
6.4.8 NAN YA PLASTICS CORPORATION
6.4.9 Nippon Steel & Sumikin Chemical Co. Ltd
6.4.10 Polynt SpA
6.4.11 Stepan Company
6.4.12 Thirumalai Chemicals Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Use of Glass Fiber Reinforced Polymers
7.2 Capacity Expansion for Phthalic Anhydride Derivatives
Note: Product cover images may vary from those shown
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  • Aekyung Petrochemical Co. Ltd
  • BASF SE
  • Exxon Mobil Corporation
  • I G Petrochemicals Limited
  • Koppers Inc.
  • LANXESS
  • MITSUBISHI GAS CHEMICAL COMPANY, INC.
  • NAN YA PLASTICS CORPORATION
  • Nippon Steel & Sumikin Chemical Co. Ltd
  • Polynt SpA
  • Stepan Company
  • Thirumalai Chemicals Ltd.
Note: Product cover images may vary from those shown
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