The Asia-Pacific Phthalic Anhydride Market is expected to reach $5,57 January 14, 2015

The Asia-Pacific Phthalic Anhydride Market is expected to reach $5,572.8 million by 2018 Asia-Pacific Phthalic Anhydride Market to reach $5,572.8 million by 2018 at a CAGR of 6.2% from 2013 to 2018. The Asia-Pacific Phthalic Anhydride Market report defines the market with respect to an analysis of the growth trends and revenue forecasts. Key Players in the AsiaPacific Phthalic Anhydride Market are Shandong Hongxin Chemical Co Ltd (China), Zhenjiang Union Chemical Industry Co. Ltd. (China), Nan Ya Plastics Corporation (U.S.) http://www.micromarketmonitor.com/market/asia-pacificphthalic-anhydride-2887780714.html Phthalic anhydride (PA) is a derivative of phthalic acid, which is obtained from the oxidation of o-Xylene or naphthalene. A stringent supply of naphthalene has arisen due to the decreasing coke consumption (resulting in low naphthalene and coal tar production). On the other hand, the increasing availability of o-Xylene from refineries has led to the switch to o-Xylene feed stock. PA is manufactured in two forms: flakes and in the molten state. According to the report, PA finds its main application in the plasticization of poly vinyl chloride (PVC) due to its ability to provide flexibility and strength to the compound. In paints and coatings, alkyd resins produced from anhydrides, such as PA and polyols are used to fix the curing time of the coating applied. According to the report findings, the global PA market is driven by the rising demand from AsiaPacific and other emerging markets. The Asia-Pacific phthalic anhydride market is projected to grow with China and India witnessing the fastest growth in the demand for PVC, owing to rapid development of the construction and transportation sector. Get 10% Customization in This Report Email: [email protected] Tel: [phone]