San Francisco, 15 March 2019: The Report Phthalic Anhydride Market Analysis By Application (Phthalate Plasticizers,
Unsaturated Polyesters, Alkyd Resins) And Segment Forecasts To 2020
The global phthalic anhydride market is expected to reach USD 9.61 billion by 2020, according to a new report by Grand View Research, Inc. Growing demand for unsaturated polyester resins (UPR) on account of rising importance of reinforced plastics is expected to fuel its demand over the forecast period.
Rising popularity of lightweight automotive
parts in vehicles to improve fuel economy is expected to promote industry
growth for UPR. This is expected to drive phthalic anhydride demand over the
forecast period.
Access Research Report of Phthalic Anhydride Market @ http://www.grandviewresearch.com/industry-analysis/phthalic-anhydride-market
Regulatory inclination towards restricting
consumption and production of phthalate plasticizers is expected to be a
restraining factor for market growth in the near future. Introduction and
implementation of REACH regulations by the European Commission for storing,
handling, using and disposing chemicals and resins is expected to limit market
growth in the near future.
Increasing infrastructure expenditure has
resulted in high penetration of the product in plasticizer applications over
the past few years. However, stringent regulatory framework for phthalates
owing to its toxic nature is expected to result in low growth over the forecast
period.
Phthalate plasticizers including PVC were
the largest application segment accounting for over 2,500.0 kilo tons in 2013.
Rising construction spending in emerging economies including China and India
owing to favorable government support to improve domestic infrastructure is
expected to increase the importance of PVC. As a result, growing demand for PVC
is expected to augment phthalic anhydride market over the next six years.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Alkyd resins are
expected to witness significant gain in terms of revenue and the segment is
expected to grow at a CAGR of 5.1% from 2014 to 2020. Gaining importance of
coatings & paints for improving corrosion and thermal resistance in
automotive and construction industries are expected to promote need for alkyd
resins.
Asia Pacific dominated the global market
and is expected to witness the fastest growth expanding at a CAGR of 3.3% from
2014 to 2020. Growth of construction, automotive and electronics industries in
China and India along with raw material availability is anticipated to promote
the production of UPR and plasticizers. As a result, phthalic anhydride demand
is expected to increase tremendously for the production of aforementioned
products.
Global phthalic anhydride industry is
fragmented in nature, on account of presence of numerous manufacturing
companies. Key participants include UPC Technology Corp., Aekyung
Petrochemicals, BASF SE, ExxonMobil Chemical and Polynt SpA.
Access Press Release of
Phthalic Anhydride Market@ https://www.grandviewresearch.com/press-release/global-phthalic-anhydride-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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