Phthalic Anhydride Market size is estimated to be USD 5.1 Billion in 2024 and is expected to reach USD 7.3 Billion by 2033 at a CAGR of 4.5% from 2026 to 2033.
The global phthalic anhydride market has exhibited steady growth, with varying regional contributions. In 2023, the market was valued at approximately USD 4.52 billion and is projected to reach USD 5.82 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2030. The Asia Pacific region dominated the market, accounting for 61.4% of the global revenue in 2023. This dominance is driven by significant consumption and production in countries like China and India, where the demand for plasticizers in PVC manufacturing is high. In North America, the United States held a substantial share, contributing 86.2% of the regional revenue in 2023, due to the widespread use of phthalic anhydride in plastics, paints, coatings, and other industries. The Latin American market is anticipated to grow at a CAGR of 3.6% over the forecast period, fueled by the expanding construction and automotive sectors.
In terms of application, plasticizers represented the largest segment, holding over 55.6% of the market share. The building and construction industry emerged as the leading end use sector, capturing more than 44.7% of the market. The Asia Pacific region led the market with a 58.6% share, valued at USD 2.46 billion. The global market is expected to grow from USD 4.2 billion in 2023 to USD 6.4 billion by 2033, at a CAGR of 4.3%.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=612368&utm_source=Google site_G_April&utm_medium=235
BASF
ExxonMobil
Aekyung
Thirumalai
Stepan
Koppers
UPC Group
Polynt
Proviron
Lanxess
CEPSA
Uralkhimprom
IG Petrochemicals
Nan Ya Plastics
Deza
Perstorp
Shenghe
Bluesail
Henan Qing'an Chemical
HongXin Company
Anhui Tongling Chemical
New Solar
Jiangsu Sanmu Group
Mitsubishi Gas Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=612368&utm_source=Google site_G_April&utm_medium=235
Growing demand for below applications around the world has had a direct impact on the growth of the Global Phthalic Anhydride Market
Plastics
Automotive
Construction
Electrical & Electronics
Textiles
Consumer Goods
Plasticizers
Resins
Coatings
Adhesives
Inks
Conventional Phthalic Anhydride
Non-Phthalate Plasticizers
Specialty Phthalic Anhydride
Naphthalene
Ortho-xylene
Others (including alternative carrier materials)
Direct Sales
Distributors
Online Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/phthalic-anhydride-market/
1. Introduction of the Global Phthalic Anhydride Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Phthalic Anhydride Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Phthalic Anhydride Market, By Type
6. Global Phthalic Anhydride Market, By Application
7. Global Phthalic Anhydride Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Phthalic Anhydride Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/