San Francisco, California (PRWEB) July 10, 2014
The global market for phthalic anhydride is expected to reach USD 10,387.5 million by 2020, according to a new study by Grand View Research, Inc. Increasing demand for phthalate plasticizers due to rise in consumption of polyvinyl chloride coupled with growing demand for unsaturated polyester resins is expected to drive the market growth for phthalic anhydride. In addition, growing demand for polyvinyl chloride in the Asia Pacific automobile industry, particularly China and India, is also expected to impact phthalic anhydride demand positively. Applications in coating and paints industry are expected to serve as key market opportunity in the near future.
Phthalate plasticizers were the largest application segment, accounting for 2,584.7 kilo tons of total demand in 2013 that is expected to reach 3,280.9 kilo tons in 2020, growing at a CAGR of 3.5% from 2014 to 2020. Increasing demand of phthalate plasticizers in automobiles and construction industry is expected to augment demand growth for phthalic anhydride over the forecast period. Unsaturated polyester resins were the second largest application segment with market share of 18.17% and global demand for 832.9 kilo tons in 2013. The market is expected to witness lucrative growth due to its rising demand in surface coating and manufacturing reinforced laminates.
The report “Phthalic Anhydride Market Analysis By Application (Phthalate Plasticizers, Unsaturated Polyester Resins, Alkyd Resins) and Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/phthalic-anhydride-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global phthalic anhydride market on the basis of application and region:
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Freeze Drying Equipment Market Analysis By Product (Bench Top Freeze Dryers, Laboratory Freeze Dryers, Mobile Freeze Dryers, General Purpose Freeze Dryers, Industrial Freeze Dryers), By Application (Biotechnology, Pharmaceuticals, Food Processing, Surgical Procedures) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/freeze-drying-equipment-market)
The global market for freeze drying equipment is expected to reach USD 35.81 billion by 2020, according to a new study by Grand View Research, Inc. Rapid developments in food processing and pharmaceutical industries are expected to drive the demand of freeze drying equipment over the next six years. However, cost intensive set up of freeze drying equipment is likely to restrain the market. High initial cost prohibits such equipment from reaching its full potential by their substitution with traditional methods in small scale industries. Industrial freeze dryer emerged as the leading product segment and accounted for 44.7% of total market revenue in 2013.
Emulsion Polymer Market Analysis By Product (Acrylics, Styrene- Butadiene Latex, And Vinyl Acetate Polymers), By Application (Painting & Coating, Adhesives, Paper & Paper Board Coatings) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/emulsion-polymer-market)
The global emulsion polymer market is expected to reach USD 44.22 billion by 2020, according to a new study by Grand View Research Inc. Growth of major end use industries such as paints & coatings and adhesives coupled with regulatory support across various nation is expected to remain key driving factors for the market. Environmental benefits associated with the use of emulsion polymers have been significantly instrumental in enhancing market penetration. However, volatile prices of key raw materials including styrene and acrylics is expected to be a challenge for industry participants over the next six years.
About Grand View Research
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