Global Phthalic Anhydride Market Outlook to 2026

Phthalic anhydride (PA) is a white crystalline compound used for the manufacturing of plasticizers, pigments, dyes, and resins. According to Researcher, the global Phthalic Anhydride market is expected to witness moderate growth rate during the forecast period. Growing demand for products containing phthalic anhydride in several end-use industries including paints & coatings, plastics, and construction is expected to propel growth over the forecast period. Its increasing use in the manufacturing of unsaturated polyester resins (UPR) which is used in the manufacturing of fiberglass-reinforced plastics is likely to augment demand over the next few years. However, overexposure to the phthalic anhydride, mainly in the plastics industry can cause irritation to the eyes, respiratory tract, and skin which may hinder the growth of the global phthalic anhydride market.

Asia-Pacific is expected to lead the market due to the growing construction and automotive industry in the countries like China and India. For instance, China has reported to lead the largest active capacity contribution in the global phthalic anhydride industry, adding around 46% of the global capacity in 2019. Further, the growing demand for plastics, like PVC is anticipated to drive the studied market.

Increasing demand for phthalate plasticizers dominated the global share due to growing demand for the product in the manufacturing of PVC compounds which in turn is used for making cables, packaging films, and shoes that are expected to propel the market growth during the forecast period.

The global Phthalic Anhydride market is fragmented. Some of the key players in the market are BASF SE, ExxonMobil Corporation, LANXESS, I G Petrochemicals Limited, Aekyung Petrochemical Co. Ltd, and Mitsubishi Gas Chemical Company, among others.

In April 2019, Clariant announced the successful startup of its new high-yield OxyMax PA 690 catalyst at Petrowidada’s world-scale phthalic anhydride plant in Gresik, East Java, Indonesia.

Global Phthalic Anhydride Market report provides deep insight into the current and future state of the Phthalic Anhydride market across various regions. The study comprehensively analyzes the Phthalic Anhydride market by segmenting based on geography, by Application (Plasticizers, Alkyd Resins, Unsaturated Polyester Resins, Flame retardant, and Dyes & pigments), by End-user Industry (Automotive, Electrical and Electronics, Paints and Coatings, Plastics, and Others). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & include emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape section with profiles of major companies including their market shares and projects.