Key Players in the European Phthalic Anhydride Market are DuPont (U.S), BASF (Germany), Lanxess AG(Germany), ProvironFtal nv (Belgium)
(PRWEB) November 12, 2014
The European Phthalic Anhydride Market report defines and segments the concerned market with respect to an analysis and forecast of the revenue procured during the forecast period.
Browse through the TOC of the European Phthalic Anhydride Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the market, which is supported by various tables and figures.
Phthalic anhydride (PA) is a derivative of phthalic acid, which is obtained from the oxidation of o-Xylene or naphthalene. A stringent supply of naphthalene has arisen due to the decreasing coke consumption (that resulted in low naphthalene and coal tar production). On the other hand, the increasing availability of o-Xylene from refineries has led to the switch to o-Xylene feed stock. PA is manufactured in two forms: flakes and in the molten state. PA finds its main application in the plasticization of poly vinyl chloride (PVC) due to its ability to provide flexibility and strength to the compound. In paints and coatings, alkyd resins produced from anhydrides, such as PA and polyols are used to fix the curing time of the coating applied.
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The European region is the second-largest market in terms of consumption after Asia-Pacific. The region has potential for the product due to an increasing demand for its end-use products. However, with mounting focus on environmental as well occupational safety, the use of phthalic anhydride in its end-user applications is being restricted and even banned. In some cases, phthalic anhydride is also being replaced by suitable substitutes. Thus, the demand for anhydride is estimated to grow at a slower pace in the European and North American markets during the forecast period.
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This report covers the European phthalic anhydride market, which is segmented on the basis of applications and ingredients. In this region, phthalic anhydride is applied in alkyd resin, plasticizers, and unsaturated polymers.
This report also includes market shares and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
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North America Phthalic Anhydride Market
Phthalic Anhydride is widely used as a chemical intermediate in the production of plasticizers for various commercial applications, most notably for the plastics industry. The North America Phthalic Anhydride Market has around 10.1% of market share value in 2013, and is projected to reach 12.0% by 2018, growing at a CAGR of 3.6%. North America Phthalic Anhydride market has grown considerably during the past few years and is expected to grow at a more rapid pace in the coming years, currently more than half of the total global consumed in manufacturing of phthalate plasticisers which can be further used in various applications. U.S. is the largest consumer of Phthalic Anhydride in North America, consuming about almost 8.3% of the total global demand in 2013.
North America is a diversified market for chemicals due to presence of numerous giants in the region. The North America Phthalic Anhydride market has undergone various recent expansions to expand its export market and various chemical companies profited from the shale gas boom with a decrease in the cost of raw materials and energy.
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