Market Overview

The Global Phthalic Anhydride Market was valued at USD 4,395.7 million in 2023 and is expected to reach USD 6,109.0 million by 2031 while growing at a CAGR of 4.2% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global phthalic anhydride market growth. Phthalic anhydride (PA) is an organic compound and a white crystalline solid that is commonly used as a chemical intermediate in the production of various industrial chemicals. Its chemical formula is C6H4(CO)2, and it is derived from the oxidation of o-xylene or naphthalene.

Increasing demand for plasticizers and the expanding automotive industry drive the phthalic anhydride market. However, challenges like environmental concerns, regulations, and fluctuating raw material prices may hinder its expansion.

Furthermore, the global phthalic anhydride industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Phthalic Anhydride Market is segmented among Plasticizers, Alkyd Resins, Unsaturated Polyester Resins, and Other Applications, based on Application. In 2023, Plasticizers accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Phthalic Anhydride Market is segmented among Automotive, Electrical and Electronics, Paints and Coatings, Plastics, and Other End-User Industries, based on End-user Industry. In 2023, Paints and Coatings accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Phthalic Anhydride Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Aekyung Chemical Co. Ltd, BASF SE, Exxon Mobil Corporation, IG Petrochemicals Ltd., Koppers Inc., Lanxess, Mitsubishi Gas Chemical Company Inc., Nan Ya Plastics Corporation, Polynt, and Stepan Company.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Phthalic Anhydride Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Phthalic Anhydride Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Phthalic Anhydride Market Segmentation, By Application 

• Global Phthalic Anhydride Market Share Analysis, By Application 

• Global Phthalic Anhydride Market Growth Analysis, By Application 

• Global Phthalic Anhydride Market Trends, By Application 

o Plasticizers

o Alkyd Resins

o Unsaturated Polyester Resins

o Other Applications (Fire Retardant, Insecticides)

6. Global Phthalic Anhydride Market Segmentation, By End-user Industry

• Global Phthalic Anhydride Market Share Analysis, By End-user Industry

• Global Phthalic Anhydride Market Growth Analysis, By End-user Industry

• Global Phthalic Anhydride Market Trends, By End-user Industry

o Automotive

o Electrical and Electronics

o Paints and Coatings

o Plastics

o Other End-User Industries (Chemical, Agriculture)

7. Global Phthalic Anhydride Market Segmentation, By Region

• Global Phthalic Anhydride Market Share Analysis, By Region

• Global Phthalic Anhydride Market Growth Analysis, By Region

• Global Phthalic Anhydride Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Aekyung Chemical Co. Ltd.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• BASF SE 

• Exxon Mobil Corporation

• IG Petrochemicals Ltd.

• Koppers Inc.

• Lanxess

• Mitsubishi Gas Chemical Company Inc.

• Nan Ya Plastics Corporation

• Polynt

• Stepan Company

 *Similar analysis will be provided for each company listed above.