Phthalic Anhydride Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Phthalic anhydride is also known as Isobenzofuran. The phthalic anhydride is the carbon molecule which is bonded with two acyl groups of phthalic acid. It is the unique form of phthalic which is used for commercial purpose and is a chemical mixture of isophthalic acid and terephthalic acid. It is mainly obtained from chemical reaction of naphthalene and vanadium pentoxide. It is used for various purposes like precursor to plasticizers, precursors to dyestuffs, coating for medicines, etc. Moreover, it is used by industries such as automotive, electrical & electronics, paints & coatings, plastics, etc.

MARKET DYNAMICS

The global phthalic anhydride market is growing at a significant pace owing to driving factors such as increasing demand from paints and coatings industry due to its high durability and resistance. Furthermore, Increasing manufacturing of polyvinyl chloride which uses phthalic anyhydride as plasticizers is likely to drive the demand for phthalic anhydride in the coming years. However, high capital cost and high level of technical competency affecting prices of products which is projected to hinder the growth of phthalic anhydride market. Likewise, increased investment on research and development for using phthalic anhydride in manufacturing glass fiber may provide a lucrative opportunity for the market players in the near future.

MARKET SCOPE

The "Global phthalic anhydride Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the phthalic anhydride market with detailed market segmentation by material, type, end-user industry, and geography. The global phthalic anhydride market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading phthalic anhydride market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global phthalic anhydride market is segmented on the basis of material, type, and end-user industry. On the basis of material, the phthalic anhydride market is segmented into, polyester, ethylene vinyl acetate, polyolefin, polyamide, polycarbonate, fluoropolymers, and others. On the basis of type, the market is bifurcated into, barrier films, safety & security films, decorative films, microporous films, and others. Based on end-user industry, the global phthalic anhydride market is segmented into, packaging, automotive, electrical & electronics, aerospace, construction, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global phthalic anhydride market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The phthalic anhydride market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the phthalic anhydride market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the high performance film market in these regions.

MARKET PLAYERS

The reports cover key developments in the high performance film market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from high performance film market are anticipated to lucrative growth opportunities in the future with the rising demand for high performance film in the global market. Below mentioned is the list of few companies engaged in the high performance film market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the high performance film market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Aekyung Petrochemical Co. Ltd.
•  Basf Corporation
•  Exxon Mobil Corporation
•  I G Petrochemicals Limited
•  Koppers Inc.
•  Lanxess Aktiengesellschaft
•  Mitsubishi Gas Chemical Company Inc.
•  Nippon Steel & Sumikin Chemical Co. Ltd.
•  Polynt Spa.
•  Stepan Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Phthalic Anhydride Report Scope