NEW YORK, Nov. 21, 2022 /PRNewswire/ -- The "Phthalic Anhydride Market by Application (Plasticizers, UPR, Alkyd resins, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the phthalic anhydride market between 2021 and 2026 is USD 966.69 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Download a Free PDF Report Sample.
Segmentation Analysis
By application, the market is analyzed across segments such as plasticizers, UPR, alkyd resins, and others. The phthalic plasticizers segment holds the largest share of the phthalic anhydride market in terms of application. The rapid growth of this application segment is because of the demand for dioctyl phthalate, the main product of phthalate plasticizer that is used in the production of PVC. The demand for phthalic anhydride is dependent on the growth of PVC, which is sensitive to general economic conditions as it is consumed mainly by the construction and automobile industries.
Key Vendors Covered
The global phthalic anhydride market is fragmented due to the presence of a large number of global and local players. The leading vendors are competing to expand their footprints in the global phthalic anhydride market. The vendors are competing on the basis of product differentiation, portfolio, and pricing. Many vendors are focusing on M&A activities to reduce the competition and gain a competitive advantage in the market. Technavio identifies the following as the dominant players in the market.
- BASF SE: The company offers phthalic anhydride processed and o Xylene or naphthalene oxidation to phthalic anhydride catalysts which results in products and services for individual customers.
- Exxon Mobil Corp.: The company offers phthalic anhydride with high molecular weight plasticizers such as DINP plasticizers, DIUP plasticizers, linear plasticizers, and MB10 plasticizers.
- IG Petrochemicals Ltd.: The company offers phthalic anhydride which can be used in the production of polyester resins and other minor uses in the production of alkyd resins used in paints and lacquers, certain dyes, insect repellents, and urethane polyester polyols.
- Koppers Holdings Inc.: The company offers phthalic anhydride for end-use markets of phthalic anhydride including phthalate plasticizers, polyester resins, and alkyd resins for coating applications.
- LANXESS AG: The company offers phthalic anhydride for alkyd resins, chemical synthesis, chemical industry, coating, flavor, and fragrances.
- AEKYUNG PETROCHEMICAL Co. Ltd.
- AGROFERT AS
- Anhui Tongua International Trade Group Co. Ltd.
- Asian Paints Ltd.
- Compania Espanola de Petroleos SA
- Mitsubishi Corp.
- Nan Ya Plastic Corp
- Perstorp Holding AB
- Proviron Industries NV
- Shandong Hongxin Chemical Co. Ltd.
- Specialty Polymers Inc.
- Stepan Co.
- Tokyo Chemical Industry Co. Ltd.
- Thirumalai Chemicals Ltd.
- UPC Technology Corp.
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Key Market Dynamics:
The growth of the construction industry will drive the growth of the market. The consumption of phthalic anhydride depends heavily on the construction and remodeling activity of residential and non-residential areas. The construction market in India is projected to grow faster than that of China during the forecast period. Brazil and Russia are among the few countries in which the construction industry is experiencing slow growth, while the construction industry in Indonesia is exhibiting extraordinary growth. Further, the construction industry in Mexico is expected to surpass Brazil in the Americas, while that in Indonesia surpasses Japan in Southeast Asia. The consumption of phthalic anhydride-based plasticizers in North America is estimated to grow owing to the increased demand from the construction and remodeling markets, particularly in the US.
The construction industry is likely to become one of the most dynamic industrial sectors in the forecast period and will be extremely crucial to the evolution of prosperous societies around the world. This growth in the construction industry is a major factor that will drive the demand for phthalic anhydride in construction activities such as coatings, plasticizers, and the production of other dyes and pigments during the forecast period.
Learn about additional key drivers, trends, and challenges available with Technavio. Download a Free Sample Report
Related Reports:
- The maleic anhydride market share in North America is expected to increase by USD 169.94 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.00%. The increasing demand for UPR and 1,4-BDO from the automotive industry is notably driving the maleic anhydride market growth in North America, although factors such as a rise in demand for hybrid vehicles and increasing battery price parity may impede the market growth.
- The soda ash market report is a comprehensive research document that provides in-depth qualitative and quantitative intelligence. Technavio's analysts estimate a market share growth of 37578 thousand units from 2022 to 2027, at a CAGR of 9.85%. The increase in demand for soda ash from the glass manufacturing industry is notably driving the soda ash market growth, although factors such as the volatility in prices of raw materials may impede the market growth.
Phthalic Anhydride Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 4.12% |
Market growth 2022-2026 |
USD 966.69 million |
Market structure |
Fragmented |
YoY growth (%) |
2.84 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key consumer countries |
US, Canada, China, India, Germany, and Italy |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
AEKYUNG PETROCHEMICAL Co. Ltd., AGROFERT AS, Anhui Tongua International Trade Group Co. Ltd., Asian Paints Ltd., BASF SE, Compania Espanola de Petroleos SA, Exxon Mobil Corp., IG Petrochemicals Ltd., Koppers Holdings Inc., LANXESS AG, Mitsubishi Corp., Nan Ya Plastic Corp, Perstorp Holding AB, Proviron Industries NV, Shandong Hongxin Chemical Co. Ltd., Specialty Polymers Inc., Stepan Co., Tokyo Chemical Industry Co. Ltd., Thirumalai Chemicals Ltd., and UPC Technology Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Plasticizers - Market size and forecast 2021-2026
- Exhibit 28: Chart on Plasticizers - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Plasticizers - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Plasticizers - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Plasticizers - Year-over-year growth 2021-2026 (%)
- 5.4 UPR - Market size and forecast 2021-2026
- Exhibit 32: Chart on UPR - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on UPR - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on UPR - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on UPR - Year-over-year growth 2021-2026 (%)
- 5.5 Alkyd resins - Market size and forecast 2021-2026
- Exhibit 36: Chart on Alkyd resins - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Alkyd resins - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Alkyd resins - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Alkyd resins - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Application
- Exhibit 44: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 Canada - Market size and forecast 2021-2026
- Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.12 India - Market size and forecast 2021-2026
- Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.13 Italy - Market size and forecast 2021-2026
- Exhibit 90: Chart on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Italy - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Italy - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 BASF SE
- Exhibit 101: BASF SE - Overview
- Exhibit 102: BASF SE - Business segments
- Exhibit 103: BASF SE - Key news
- Exhibit 104: BASF SE - Key offerings
- Exhibit 105: BASF SE - Segment focus
- 10.4 Exxon Mobil Corp.
- Exhibit 106: Exxon Mobil Corp. - Overview
- Exhibit 107: Exxon Mobil Corp. - Business segments
- Exhibit 108: Exxon Mobil Corp. - Key offerings
- Exhibit 109: Exxon Mobil Corp. - Segment focus
- 10.5 IG Petrochemicals Ltd.
- Exhibit 110: IG Petrochemicals Ltd. - Overview
- Exhibit 111: IG Petrochemicals Ltd. - Product / Service
- Exhibit 112: IG Petrochemicals Ltd. - Key offerings
- 10.6 Koppers Holdings Inc.
- Exhibit 113: Koppers Holdings Inc. - Overview
- Exhibit 114: Koppers Holdings Inc. - Business segments
- Exhibit 115: Koppers Holdings Inc. - Key offerings
- Exhibit 116: Koppers Holdings Inc. - Segment focus
- 10.7 LANXESS AG
- Exhibit 117: LANXESS AG - Overview
- Exhibit 118: LANXESS AG - Business segments
- Exhibit 119: LANXESS AG - Key offerings
- Exhibit 120: LANXESS AG - Segment focus
- 10.8 Mitsubishi Corp.
- Exhibit 121: Mitsubishi Corp. - Overview
- Exhibit 122: Mitsubishi Corp. - Business segments
- Exhibit 123: Mitsubishi Corp. - Key news
- Exhibit 124: Mitsubishi Corp. - Key offerings
- Exhibit 125: Mitsubishi Corp. - Segment focus
- 10.9 Specialty Polymers Inc.
- Exhibit 126: Specialty Polymers Inc. - Overview
- Exhibit 127: Specialty Polymers Inc. - Product / Service
- Exhibit 128: Specialty Polymers Inc. - Key offerings
- 10.10 Stepan Co.
- Exhibit 129: Stepan Co. - Overview
- Exhibit 130: Stepan Co. - Business segments
- Exhibit 131: Stepan Co. - Key offerings
- Exhibit 132: Stepan Co. - Segment focus
- 10.11 Thirumalai Chemicals Ltd.
- Exhibit 133: Thirumalai Chemicals Ltd. - Overview
- Exhibit 134: Thirumalai Chemicals Ltd. - Business segments
- Exhibit 135: Thirumalai Chemicals Ltd. - Key offerings
- Exhibit 136: Thirumalai Chemicals Ltd. - Segment focus
- 10.12 UPC Technology Corp.
- Exhibit 137: UPC Technology Corp. - Overview
- Exhibit 138: UPC Technology Corp. - Business segments
- Exhibit 139: UPC Technology Corp. - Key offerings
- Exhibit 140: UPC Technology Corp. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 141: Inclusions checklist
- Exhibit 142: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 143: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 144: Research methodology
- Exhibit 145: Validation techniques employed for market sizing
- Exhibit 146: Information sources
- 11.5 List of abbreviations
- Exhibit 147: List of abbreviations
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