Stratview Research’s Phthalic Anhydride market report is a comprehensive examination of the global market. This strategic assessment report provides a detailed overview that represents today’s market position and potential possibilities, as well as competitive intelligence and information, for a 10-year span from 2021 to 2026.
This report estimates that the market is expected to recoup in the next five years with a healthy CAGR to reach a value of 5% in 2026.
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Following the pandemic, the market is estimated to rebound from 2021 to 2026. During the forecast period, the Phthalic Anhydride market is expected to grow at an impressive CAGR of 5% percent. The demand for Phthalic Anhydride in the global market is being driven by rising demand for Phthalic Anhydride in the market.
The market size for three different scenarios will be included in the global forecast: pessimistic, most likely, and optimistic. The case study will aid stakeholders and market participants in budgeting and planning market investment for the short- to medium-term strategy period.
Aekyung Petrochemical Co. Ltd.
Asian Paints Ltd.
C-Chem Co. Ltd.
Exxon Mobil Corporation
I.G. Petrochemicals Ltd.
Mitsubishi Gas Chemicals Co. Ltd.
Nan Ya Plastics Corp.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Phthalic Anhydride Market value and growth drivers over the trend period of 2020-25. According to the report –
Phthalic anhydride market is likely to witness an impressive CAGR of 5.2% during the forecast period. The increasing demand for glass fiber-reinforced plastics in various industries is expected to stimulate the global phthalic anhydride market during the forecast period.
Based on Material Type:
Based on the derivates type, the market is segmented as plasticizers, unsaturated polyester resins, and alkyd resins. Plasticizers are the significant application parts for phthalic anhydride, tracked by unsaturated polyester resins and alkyd resins. The growing demand for molding of PVC articles is stimulating its demand majorly in the Asia-Pacific and ROW regions. The increasing application of UPR in reinforced laminates and surface coatings is driving its demand and that for alkyd resins, is primarily propelled by the progress in demand for solvent-borne coatings. However, solvent-borne coatings are exceedingly being substituted by water-borne and powder coatings in their scope of application.
Based on Region:
In terms of regions, Asia-Pacific, South America, and the Middle East signify an increasing demand for PA, while in North America and Europe, the development for its demand is estimated to be relatively low. The prime reason is the toxic profile of phthalic anhydride which may reach into the environment by inhalation or leaching. While, noxiousness of phthalic anhydride is the chief reason for limitations on its use, it should be made obvious that not all phthalic anhydride-based products are detrimental or toxic at normal level.
The COVID-19 has impacted almost every business, regardless of size, regardless of region.
In the year 2020, the dynamics of the Phthalic Anhydride market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.
Sneak peek into the Report:
The report’s layout has been kept simple in order to provide the highest business value possible. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions. The following are the report’s key features:
- Market environment analysis:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market forecast analysis
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends & Key success factors
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