The European Phthalic Anhydride Market is Estimated to Reach $1,347.6 Million by 2018 – A Report by MicroMarket Monitor
(PRWEB) March 12, 2015 -- The European phthalic anhydride market report defines and segments the concerned market with an analysis and forecast of the revenue. It is estimated to grow to $1,347.6 million by 2018 at a CAGR of 3.3% from 2013 to 2018.
Browse through the TOC of the European phthalic anhydride market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, well supported by various tables and figures.
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Phthalic anhydride is an aromatic hydrocarbon widely used in industrial and medical technology as a solvent. It is a colorless, sweet-smelling liquid or gas that occurs naturally in petroleum, coal, and wood tar. The characteristics of phthalic anhydride can be described as an aromatic hydrocarbon solvent, a mixture of three different isomers-meta-phthalic anhydride, ortho-phthalic anhydride, and para-phthalic anhydride.
Phthalic anhydrides are major petrochemicals, produced by catalytic reforming and coal carbonization while manufacturing coke fuel. Phthalic anhydrides can be produced by the methylation of toluene and benzene via the isomer process; the ratio of isomers can be shifted to favor p-phthalic anhydride, which is most valued. This conversion is catalyzed by zeolites. The global demand for phthalic anhydride has been growing sharply over the last decade due to an overall growth of the end-user industries, globally.
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The European region is the second largest market in terms of consumption after the Asia-Pacific region. The region has the potential to manufacture this product due to the increasing demand for its end-user products. However, with an increasing focus on environmental as well occupational safety, the use of phthalic anhydride in its end-user applications is being restricted or banned in certain applications. In some cases, phthalic anhydride is also being replaced by suitable substitutes.
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The report covers the European phthalic anhydride market, which is segmented on the basis of application and geography. In the European region, phthalic anhydride is used in alkyd resin, plasticizers, and unsaturated polymers.
Related 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.
http://www.micromarketmonitor.com/market/north-america-phthalic-anhydride-2036862092.html
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