Phthalic Anhydride Market Projected to Reach $8.42 Billion by 2018 Report by MarketsandMarkets - KPLC 7 News, Lake Charles, Louisiana

Phthalic Anhydride Market Projected to Reach $8.42 Billion by 2018 Report by MarketsandMarkets

Posted:

This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.

SOURCE:

The global phthalic anhydride market, in terms of value, is estimated to reach $8.42 million by 2018. http://www.marketsandmarkets.com/Market-Reports/phthalic-anhydride-derivatives-market-179828823.html

(PRWEB) July 12, 2014

The report, "Phthalic Anhydride and Derivatives (Plasticizers, Unsaturated Polyester Resins, and Alkyd Resins) Market by Application & Geography Trends & Forecast to 2018," defines and segments phthalic anhydride market with analysis and forecasting of market volume and value. The report also estimates the demand and value of the derivatives separately. The market of phthalic anhydride is projected to grow from an estimated $6,130.55 million in 2013 to $8,415.89 million by 2018, with a CAGR of 5.24% from 2013 to 2018.

Browse 86 market data tables and 23 figures spread through 178 pages, and in-depth TOC on Phthalic Anhydride Market" at: http://www.marketsandmarkets.com/Market-Reports/phthalic-anhydride-derivatives-market-179828823.html.

Buy now at: http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=179828823.

The global phthalic anhydride market is estimated to grow at a slow and stable rate due to its growing demand in end-user applications and restraints from the regulatory authorities. In regions such as Europe and North America, there is a growing need of formulation that reduces the leaching of phthalic anhydride into the atmosphere or causes less harm to its users. Therefore, all major companies that have their operation base in these regions are looking for alternatives.

You can also make an inquiry at: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=179828823.

The Asia-Pacific region is the largest market for phthalic anhydride and for its applications such as in plasticizers, alkyd resins, and unsaturated polyester resins. This region has emerged to be the driving factor for the market, contributing more than 60% of the global demand in 2012. Europe, which is estimated to have the second largest demand for phthalic anhydride, is projected to grow at the lowest CAGR during the forecasted period. Apart from tight regulations, some of the regional manufacturers are closing down or switching their raw materials base citing declining profit margins as one of the reasons.

Early buyers will receive 10% customization or this reports.

Request for customized report here: http://www.marketsandmarkets.com/requestCustomization.asp?id=179828823.

Most of the phthalic anhydride manufacturers are evaluating the market in order to increase their business worldwide. Apart from capacity expansion for the phthalic anhydride derivatives, most of the key companies operating in this market, such as Shandong Hongxin (China), Nan-Ya Plastics (Taiwan), ExxonMobil Chemical (U.S.), and Koppers Industries (U.S.) are operating their business without many efforts towards its development. However, an Indian manufacturer IG Petrochemical announced to increase its capacity by citing countrys low per capita consumption of plastics. Similarly, BASF (Germany) signed a contract with China Petroleum & Chemical Corporation to build a plant for plasticizer alcohol used in the production of phthalate as well as phthalate-free plasticizer.

Browse Related Reports

Unsaturated Polyester Resin Market - Global Trends & Forecasts to 2018
http://www.marketsandmarkets.com/Market-Reports/unsaturated-polyester-resin-upr-market-891.html

Concrete Superplasticizer Market by Types, Application, Forms & Geography - Regional Trends & Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/concrete-superplasticizers-market-1321.html

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com

Visit MarketsandMarkets Blog at: http://www.marketsandmarketsblog.com/market-reports/chemical.

For the original version on PRWeb visit: http://www.prweb.com/releases/phthalic-anhydride/market/prweb12011615.htm

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

Powered by WorldNow