Insights on the Global Phthalic Anhydride Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio

Technavio has announced its latest market research report titled Global Phthalic Anhydride Market 2020-2024 (Photo: Business Wire)

LONDON--()--The phthalic anhydride market is expected to grow by USD 3.52 billion, accelerating at a CAGR of almost 7% during the forecast period. Download Free Sample Report

The growth of the construction industry is one of the major factors propelling market growth. However, the rising demand for bio-based chemicals will hamper market growth.

The rising demand for buildings in education, healthcare, social infrastructure, and retail segments has fueled the growth of the construction industry worldwide. Besides, countries such as India, China, Indonesia, and Brazil are witnessing a steady rise in the number of construction and remodeling activities of residential and non-residential projects. Phthalic anhydride is widely used in the construction industry for various applications such as coatings, plasticizers, and the production of dyes and pigments. Therefore, the growth of the construction industry will have a positive impact on the growth of the global phthalic anhydride market during the forecast period.

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Global Phthalic Anhydride Market: Application Landscape

Based on the application, the plasticizers segment is expected to witness lucrative growth during the forecast period. The growth of the segment can be mainly attributed to the rising demand for dioctyl phthalate, the main product of phthalate plasticizer which is used in the production of PVC. In addition, vendors that offer non-phthalate plasticizers are focusing on opening new plants and increasing the production of plasticizers. These factors are contributing to the growth of the segment.

Global Phthalic Anhydride Market: Geographic Landscape

By geography, APAC is expected to witness significant growth during the forecast period due to the rapid development of the transportation and construction sectors. Besides, many end-users in the region are focusing on expanding their presence by entering new markets. These factors are contributing to the growth of the phthalic anhydride market in APAC.

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Companies Covered

  • BASF SE
  • Exxon Mobil Corp.
  • IG Petrochemicals Ltd.
  • Koppers Inc.
  • LANXESS AG
  • Mitsubishi Gas Chemical Co. Inc.
  • Polynt Spa
  • Stepan Co.
  • Thirumalai Chemicals Ltd.
  • UPC Technology Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

     

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Plasticizers - Market size and forecast 2019-2024
  • UPR - Market size and forecast 2019-2024
  • Alkyd resins - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BASF SE
  • Exxon Mobil Corp.
  • IG Petrochemicals Ltd.
  • Koppers Inc.
  • LANXESS AG
  • Mitsubishi Gas Chemical Co. Inc.
  • Polynt Spa
  • Stepan Co.
  • Thirumalai Chemicals Ltd.
  • UPC Technology Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

For more information about this report visit https://www.technavio.com/report/phthalic-anhydride-market-industry-analysis

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com

Release Summary

The Global Phthalic Anhydride Market will grow by $ 3.52 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com