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.)
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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.
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ndustrial growth in emerging regions is expected to create potential opportunities for the growth and demand of these products in the near future. In addition, growth in the demand for and applications of alkyd resins is also expected to influence the overall market in the years to come. An increasing demand for polyester polyols is considered to be a vital factor that boosts business opportunities for the established as well as potential players in the market. However, toxicity of the phthalates and rebuilding consumer faith remain major challenges for key players in the industry. The report covers the Asia-Pacific phthalic anhydride market, which is segmented on the basis of applications and ingredients. In this region, phthalic anhydride is applied in alkyd resin, plasticizers, and unsaturated polymers. This report also includes market shares and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Related Reports: Related Reports : North America Phthalic Anhydride Market North America is a diversified market for chemicals due to presence of numerous giants in the region. The North America Phthalic Anhydride market has undergone various recent expansions to expand its export market and various chemical companies profited from the shale gas boom with a decrease in the cost of raw materials and energy. The country is estimated to occupy maximum share in phthalic anhydride demand for applications such as plasticizers, unsaturated polyester resins and alkyd resins. However, the region is now focusing more on environment friendly products such as phthalate free plasticizers and low phthalic anhydride containing UPRs; it will continue to affect the demand of the product in the country. This trend may have created a room for its substitutes, but it will still take more time to replace phthalic anhydride completely from its existing applications. U.S. is the major consumer of Phthalic Anhydride in North America, accounting for almost 82.2% of the total consumption. Subsequent to U.S. are Mexico and Canada. The chemical industry in U.S contributes to 19.0% of the total chemical output globally. The U.S. chemical industry experienced major growth after the shale gas boom and picked up pace due to the availability of cheap raw material. http://www.micromarketmonitor.com/market/north-america-phthalic-anhydride2036862092.html Email: sales@micromarketmonitor.com
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Tel: +1-888-502-0539