Product ID: UCMIG15E2009
Phthalic Anhydride Market Size, Share, Growth Analysis, By Process(O-Xylene Catalytic Oxidation, Naphthalene Catalytic Oxidation), By Application(Plasticizers, Alkyd Resins), By End-Use Industry(Paints & Coatings, Automotive), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG15E2009 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Phthalic Anhydride Market Insights
Market Overview:
Phthalic anhydride is a white crystalline organic molecule with the molecular formula C6H4(CO)2O that is generated when O-Xylene is catalytically oxidized. When it comes into touch with water, it reacts exothermically, which might speed up corrosion. It's used to make fake resins and other materials. It is the most often utilized form of phthalic acid in industry. Phthalic anhydride is commonly employed as a chemical intermediate in the manufacturing of vinyl chloride-based polymers. Because it is bifunctional and easily available, it is recognized as an adaptable intermediate in chemical reactions. However, the market for phthalic anhydride is projected to be hampered by the adverse effects of phthalates due to their toxicity and the development of bio-based alternatives throughout the forecast period. Furthermore, throughout the forecast period, the phthalic anhydride market is likely to benefit from an increase in demand for polyester polyols and an increase in the use of glass fiber-reinforced plastics.
Phthalic Anhydride Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Phthalic Anhydride Market Report Snapshots
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