Phthalic anhydride (PA) is anhydride of phthalic acid, and has a vast range of applications. It is used as a chemical intermediate in the manufacturing of variety of plasticizers and resins. Phthalate plasticizers market is the largest application area for PA, followed by the market for unsaturated polyester resins (UPR). However, alkyd resins and pigments, and dyes are fast growing applications of PA, and are expected to gain a significant market share over the next six years. Phthalic anhydride is mainly used in the manufacturing of phthalate plasticizers.
The phthalate plasticizers application dominated the global market, and accounted for almost more than half of the overall demand in 2012. Growing demand from the phthalate plasticizers market and the strong demand from Asia Pacific were the major growth drivers for the PA market. Another important market for PA is unsaturated polyester resins, which accounted for a significant share of the total PA volume consumed.
The phthalic anhydride market in Asia-Pacific is mainly driven by increasing demand from developing countries majorly China and India. Since, it is being used majorly in plastics, automotive, pipes, wind mill and some other use in paints and coatings, pesticides, detergents and other.
The Asia-Pacific Phthalic Anhydride market size will grow to 3,198.11KT by 2018, at a CAGR of 4.0% from 2013 to 2018. Phthalic anhydride market in Asia-Pacific had been valued at $4.0 billion in the year 2013, and is expected to grow at 5.9% annually. It is projected to reach $5.3 billion by the end of the year 2018. The region constitutes 61.2% share of the global phthalic anhydride market, and is poised to grow its market share to 63.2% by the end of year 2018.

http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride-2887780714.html

Asia Pacific was followed by Europe with 17.8% share in total volume consumption. The phthalic anhydride market in Europe is mainly driven by positive trend in DINP plasticizer. The reason for this being that it has received confirmation from the European Commission, which confirms that plasticizer poses no threat and has no adverse impact on human health, as well as to the environment at current scenario.
The phthalic anhydride market in Europe had been valued at $1.1 billion in the year 2013, and is expected to grow at 3.0% annually. It is projected to reach $1.3 billion by the end of the year 2018. Phthalic anhydride market in Europe constitutes 17.0% share of global Phthalic anhydride market, and is expected to reach 15.3% by the end of year 2018.
http://www.micromarketmonitor.com/market/europe-phthalic-anhydride-4390394438.html
The phthalic anhydride market in North America is mainly driven by the increasing demand from the U.S., since it is estimated to have a major share in the region’s demand for phthalic anhydride. The country thus, overtakes other regional countries in terms of consumption volume.
The phthalic anhydride market in North America had been valued at $0.7 billion in the year 2013 growing at 3.3% annually, and is projected to reach $0.8 billion by the end of the year 2018. Phthalic anhydride market in North America constitutes 10.1% of the global phthalic anhydride market, and is poised to grow its market share to 9.2% by the end of year 2018

http://www.micromarketmonitor.com/market/north-america-phthalic-anhydride-2036862092.html

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