Phthalic Anhydride Market is Expected to Arrive at USD 10.39 Billion Phthalic Anhydride Market 2020

Phthalic Anhydride Market is expected to arrive at USD 10.39
Billion By 2020: Radiant Insights, Inc
July 2014
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.
View summary of this report @ http://www.radiantinsights.com/research/phthalic-anhydridemarket-analysis-by-application-phthalate-plasticizers-unsaturated-polyester-resins-alkyd-resinsand-segment-forecasts-to-2020/request-sample
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.