What is Global Phthalic Anhydride and Derivatives Market?
The Global Phthalic Anhydride and Derivatives Market is a vast and complex field that encompasses a wide range of products and applications. Phthalic Anhydride and its derivatives are primarily used in the production of plasticizers, unsaturated polyester resins (UPR), and alkyd resins. These compounds are produced through two main processes: O-xylene catalytic oxidation and naphthalene catalytic oxidation. The market for these products is substantial, with a value of US$ 7929 million in 2022. This value is expected to increase to US$ 9575.9 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 2.7% from 2023 to 2029. The market is dominated by the top three manufacturers, who collectively hold over 35% of the market share. In terms of product types, O-xylene Catalytic Oxidation Type is the most significant segment, accounting for about 80% of the market.
O-xylene Catalytic Oxidation, Naphthalene Catalytic Oxidation in the Global Phthalic Anhydride and Derivatives Market:
The O-xylene catalytic oxidation process is the most widely used method for producing Phthalic Anhydride and its derivatives. This process involves the oxidation of O-xylene, a type of aromatic hydrocarbon, in the presence of a catalyst. The resulting product is Phthalic Anhydride, which can then be further processed to produce various derivatives. The naphthalene catalytic oxidation process, on the other hand, involves the oxidation of naphthalene, another type of aromatic hydrocarbon. This process is less common than the O-xylene catalytic oxidation process, but it is still an important method for producing Phthalic Anhydride and its derivatives. Both of these processes are crucial to the Global Phthalic Anhydride and Derivatives Market, as they enable the production of a wide range of products that are used in various industries.
Plasticizers, UPR, Alkyd Resins, Others in the Global Phthalic Anhydride and Derivatives Market:
Phthalic Anhydride and its derivatives are used in a variety of applications. One of the most significant uses is in the production of plasticizers, which are substances added to plastics to increase their flexibility, transparency, durability, and longevity. These compounds are also used in the production of unsaturated polyester resins (UPR), which are used in a variety of applications, including the production of fiberglass-reinforced plastics, buttons, automotive parts, and electrical components. Alkyd resins, another product of Phthalic Anhydride and its derivatives, are used in paints and coatings due to their excellent gloss and durability. Other applications of these compounds include the production of dyes, pharmaceuticals, and insect repellents. The wide range of applications of Phthalic Anhydride and its derivatives contributes to the substantial size and growth of the Global Phthalic Anhydride and Derivatives Market.
Global Phthalic Anhydride and Derivatives Market Outlook:
In conclusion, the Global Phthalic Anhydride and Derivatives Market is a significant and growing field. The market is driven by the wide range of applications of Phthalic Anhydride and its derivatives, as well as the dominance of the O-xylene catalytic oxidation process in the production of these compounds. With a market value expected to reach US$ 9575.9 million by 2029 and a CAGR of 2.7% from 2023 to 2029, the future of the Global Phthalic Anhydride and Derivatives Market looks promising.
| Report Metric | Details |
| Report Name | Phthalic Anhydride and Derivatives Market |
| Accounted market size in 2022 | US$ 7929 in million |
| Forecasted market size in 2029 | US$ 9575.9 million |
| CAGR | 2.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | UPC Group, Bluesail, Exxonmobil, Henan Qing'an Chemical Hi-Tech, Nan Ya Plastics, Aekyung Petrochemical, Evonik, Hongxin Chemical, Perstorp, Sinopec Jinling |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
