Phthalic Anhydride Market is Expected to Arrive at USD 10,387.5 Million by 2020 : Radiant Insights , Inc
“ Global Phthalic Anhydride Market Analysis By Application ( Phthalate Plasticizers , Unsaturated Polyester Resins , Alkyd Resins ) Expected To Reach USD 10.39 Billion By 2020 ”
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 .
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