Global Phthalic Anhydride Market Is Expected To Reach USD 10.39 Billion By 2020: Radiant Insights
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Global Phthalic Anhydride Market Analysis By Application (Phthalate Plasticizers, Unsaturated Polyester Resins, Alkyd Resins) Expected To Reach USD 10.39 Billion By 2020July 2014The global market for phthalic anhydride is expected to reach USD 10,387.5 million by 2020. 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.
View summary of this report @ http://www.radiantinsights.com/research/phthalic-anhydride-market-analysis-by-application-phthalate-plasticizers-unsaturated-polyester-resins-alkyd-resins-and-segment-forecasts-to-2020
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.
Further key findings from the study suggest:
Global phthalic anhydride demand was 4,584.0 kilo tons in 2013 and is expected to reach 5,900.1 kilo tons by 2020, growing at a CAGR of 3.7% from 2014 to 2020.
Asia Pacific was the leading regional market for phthalic anhydride accounting for over 51% of global market revenue, valued at USD 3.58 billion in 2013.
The market is expected to show extensive growth owing to rapid development in transportation and construction sectors, at an estimated CAGR of 6.2% from 2014 to 2020.
Europe and Latin America are expected to witness demand growth in phthalic anhydride, at an estimated CAGR of 2.5% and 4.1% from 2014 to 2020, respectively.
In 2013, alkyd resins accounted for the third largest application segment with demand of 691.8 kilo tons and revenue of USD 1.1 billion in 2013.
The market is expected to be the most attractive due to rising demand for protective coatings in the paint industry.
The global phthalic anhydride market is highly fragmented with top five companies accounting for less than 30% of the market in 2013.
Key participants include UPC Technology Corp., Aekyung Petrochemicals, BASF SE, ExxonMobil Chemical and Polynt SpA.
See More Reports of This Category by Radiant Insights: http://www.radiantinsights.com/catalog/plastics
For the purpose of this study, Grand View Research has segmented the global phthalic anhydride market on the basis of application and region:
Phthalic Anhydride Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
Phthalate Plasticizers
Unsaturated
Polyester Resins
Alkyd Resins
Others
Phthalic Anhydride Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012-2020)
North America
Europe
Asia Pacific
RoW
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Source URL: http://www.grandviewresearch.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Blog: http://www.radiantinsightsinc.blogspot.com/
View summary of this report @ http://www.radiantinsights.com/research/phthalic-anhydride-market-analysis-by-application-phthalate-plasticizers-unsaturated-polyester-resins-alkyd-resins-and-segment-forecasts-to-2020
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.
Further key findings from the study suggest:
Global phthalic anhydride demand was 4,584.0 kilo tons in 2013 and is expected to reach 5,900.1 kilo tons by 2020, growing at a CAGR of 3.7% from 2014 to 2020.
Asia Pacific was the leading regional market for phthalic anhydride accounting for over 51% of global market revenue, valued at USD 3.58 billion in 2013.
The market is expected to show extensive growth owing to rapid development in transportation and construction sectors, at an estimated CAGR of 6.2% from 2014 to 2020.
Europe and Latin America are expected to witness demand growth in phthalic anhydride, at an estimated CAGR of 2.5% and 4.1% from 2014 to 2020, respectively.
In 2013, alkyd resins accounted for the third largest application segment with demand of 691.8 kilo tons and revenue of USD 1.1 billion in 2013.
The market is expected to be the most attractive due to rising demand for protective coatings in the paint industry.
The global phthalic anhydride market is highly fragmented with top five companies accounting for less than 30% of the market in 2013.
Key participants include UPC Technology Corp., Aekyung Petrochemicals, BASF SE, ExxonMobil Chemical and Polynt SpA.
See More Reports of This Category by Radiant Insights: http://www.radiantinsights.com/catalog/plastics
For the purpose of this study, Grand View Research has segmented the global phthalic anhydride market on the basis of application and region:
Phthalic Anhydride Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
Phthalate Plasticizers
Unsaturated
Polyester Resins
Alkyd Resins
Others
Phthalic Anhydride Region Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012-2020)
North America
Europe
Asia Pacific
RoW
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Source URL: http://www.grandviewresearch.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Blog: http://www.radiantinsightsinc.blogspot.com/