Key players in the Asia-Pacific Phthalic Anhydride Market include Aekyung Petrochemical Co., Ltd. (South Korea), IG Petrochemicals Ltd. (India), Nan Ya Plastics Corporation (Taiwan), Shandong Hongxin Chemicals Co Ltd. (China).
(PRWEB) March 05, 2015
The Asia-Pacific phthalic anhydride market is estimated to reach a value of $5,632.8 million by 2019, at a CAGR of 5.9% during the forecast period of 2014 to 2019.
Browse through the TOC of Asia-Pacific Phthalic Anhydride Market for an analysis of industry trends and segments, with the help of various tables and figures.
Phthalic Anhydride (PA) is a derivative of phthalic acid, which is either obtained from the oxidation of ortho-xylene or naphthalene. PA is manufactured in two forms, namely, flakes and molten state. When it comes in contact with water, PA hydrolyzes to form ortho-phthalic acid. PA finds its main applications for plasticization of Polyvinyl Chloride (PVC) due to its ability to provide flexibility and strength to the compound. In paints & 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 global phthalic anhydride market is mainly driven by the rising demand from the Asia Pacific region and other emerging markets. The rapid industrial growth in the emerging regions of Asia-Pacific is expected to create potential opportunities for the growth of the phthalic anhydride market in the coming years. The growth in the demand for and applications of alkyd resins is also expected to influence the Asia-Pacific market. Furthermore, the increasing demand for polyester polyols is considered to be a vital factor boosting business opportunities for the established as well as potential players in the Asia-Pacific market. However, the increasing awareness regarding the health hazards and environmental concerns of phthalate-based plasticizers may restrain the growth of the Asia-Pacific phthalic anhydride market in the coming years.
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The report provides comprehensive details of the competitive landscape in the Asia-Pacific phthalic anhydride market, which has been segmented and analyzed on the basis of application and geography. In addition, the market dynamic factors, including the drivers & restraints, have been described in the report.
North America Phthalic Anhydride
The North American Phthalic Anhydride market was valued at 351.7 KT in 2013 and projected to grow at a CAGR of 1.3% by 2018. This market is led BASF SE, Koppers Inc. and Exxonmob Chemical. It is segmented on the basis of Derivatives and companies market. The major derivatives covered are plasticizers, UPR and Alkyd resins.
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