Marché mondial de l’anhydride phtalique – Tendances et prévisions de l’industrie jusqu’en 2029

Analyse et taille du marché de l'anhydride phtalique

Au cours des dernières années, l'utilisation de l'anhydride phtalique a augmenté dans les secteurs du bâtiment et de la construction, de l'automobile, des peintures et des revêtements , de l'électricité et de l'électronique, de la marine et de l'agriculture à l'échelle mondiale. De plus, la fabrication de plastifiants implique fréquemment l'utilisation d'anhydride phtalique. Les fabricants de produits en PVC utilisent des plastifiants dans environ 90,0 % de leur production pour modifier les propriétés de leurs produits en chlorure de polyvinyle afin de répondre aux demandes des clients.

Le marché mondial de l'anhydride phtalique était évalué à 3,87 milliards USD en 2021 et devrait atteindre 6,17 milliards USD d'ici 2029, enregistrant un TCAC de 4,70 % au cours de la période de prévision 2022-2029. En plus des informations sur les scénarios de marché tels que la valeur marchande, le taux de croissance, la segmentation, la couverture géographique et les principaux acteurs, les rapports de marché organisés par Data Bridge Market Research comprennent également une analyse approfondie des experts, une production et une capacité géographiquement représentées par l'entreprise, des configurations de réseau de distributeurs et de partenaires, une analyse détaillée et mise à jour des tendances des prix et une analyse des déficits de la chaîne d'approvisionnement et de la demande.

Portée et segmentation du marché de l'anhydride phtalique

Market Definition

Phthalic anhydride is a white colored organic crystalline compound with the chemical formula C6H4 (CO) 2O generally formed due to catalytic oxidization of O-Xylene. Corrosion may be sped up by its exothermic reaction when in contact with water. Materials such as synthetic resins are produced using it. It is phthalic acid in its form as it is used commercially. Plastics made from vinyl chloride are often produced using phthalic anhydride as a chemical intermediary. Given its dual functionality and accessibility, it is referred to as a flexible intermediate in chemical reactions.

Phthalic Anhydride Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Various Applications of Phthalic Anhydride

Phthalic anhydride is frequently used as a monomer for synthetic resins like polyester, alkyd, and glyptic resins, which are utilized in applications for heat-resistant paints, maritime coatings, and insulation varnishes. Anthraquinone, phthalein, rhodamine, phthalocyanine, fluorescein, and xanthene dyes are also made from phthalic anhydride and are utilized in studies on medical diagnostics. Additionally, phenolphthalein, benzoic acid, phthalylsulfathiazole, and orthophthalic acid are produced from phthalic anhydrides as antibiotics for bowel operations and colon infections. Additionally, phthalic anhydride is a crucial chemical intermediary in the plastics industry from which many phthalate esters that serve as plasticizers in synthetic resins are generated. The market for phthalic anhydride is driven by the substance's wide range of useful characteristics and uses.

• Extensive Phthalic Anhydride Properties

The demand for phthalic anhydride is rising in the building, furniture, automotive, and aviation industries due to its advantages over other materials, including its low weight, resistance to chemical rot, high transparency, and resilience to weather, corrosion, abrasion, and impact. As they increase the polymers flexibility and elongation or ease of processing by lowering the cohesive intermolecular forces along the polymer chains, plasticizers are typically used in various end-use industries. The polyvinyl chloride plasticizers are also frequently utilized in the automotive and aviation industries because they allow for simple cutting, shaping, welding, and joining in a number of designs. During the projected period, the market for phthalic anhydrides will be driven by these wide features of phthalic anhydrides.

Furthermore, the increased use of polyester and polyvinyl chloride resins in end markets like building, electronics, machinery, marine, and automotive will further propel the growth rate of phthalic anhydride market. Additionally, the growth in trade by air transportation will also drive market value growth. The expansion of the automotive industry along with the increase in defense budgets are other market growth determinants which are projected to bolster the growth of the market.

Opportunities

• Market Strategies and Product Development

Furthermore, various market strategies adopted by the market players such as acquisition and collaborations further enhance product applications and extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the product development and innovations will further expand the future growth of the phthalic anhydride market.

Restraints/Challenges

• Negative Impact

The development of a bio-based replacement to phthalic anhydride and the negative impacts of phthalates due to their toxicity are anticipated to restrain the growth of the phthalic anhydride market during the forecast period.

• Bio-Based Alternatives

Factors such as the development of bio-based alternatives for phthalic anhydride will challenge the growth rate of the phthalic anhydride market.

This phthalic anhydride market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the phthalic anhydride market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Phthalic Anhydride Market

The recent outbreak of coronavirus had a negative impact on the phthalic anhydride market. Many nations are currently subject to stringent lockdowns, which have compelled several sectors to halt operations. As a result, phthalic anhydride output and demand have decreased and manufacture has been terminated. According to the United Nations Industrial Development Organization (UNIDO), the COVID-19 epidemic and the subsequent shutdown have had the harshest effects on the Micro, Small and Medium Enterprises (MSME) sector across developing economies, such as India. The demand for phthalic anhydride from various end-use industries, including building & construction, automotive, paints and coatings, is anticipated to fall as a result. It is anticipated that it will be difficult for the manufacturing sector to return to regular working conditions even with the lockdown's gradual lifting.

The lack of or reduced availability of labor is anticipated to directly impact the production operations of these industries, which will lead to a drop in the demand for phthalic anhydride. The market's growth is anticipated to slow as a result during the forecast period. The COVID-19 pandemic is to blame for the closure of paint and coating manufacturing facilities in a number of nations, which resulted in a global lockdown imposed by various governments. Because of this, there is now much less demand for the widely used phthalic anhydride-based alkyd resins that are used to make solvent-based coatings, which is predicted to slow the market's growth over the course of the forecast period. In the vehicle industry, phthalic anhydride is frequently used in the production of instrument panels, doors, and several other body elements, including the dashboard. Due to the disruption in the supply of automotive components, production activities in the automotive industry were shut down during the COVID-19 epidemic lockdown, which seriously impacted the sector. As a result, PVC demand has decreased dramatically, which has had an impact on phthalic anhydride demand. This trend is anticipated to continue as long as the global lockdown is in place.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In September 2021, Axalta announced that it has started working on a cutting-edge coatings factory in northern China in Jilin City, Jilin Province. The brand-new 46,000 square metre facility will manufacture mobility coatings for light trucks, commercial trucks, and automotive plastic parts.
• In May 2021, PPG has completed a US$13 million investment in its paint and coatings facility in Jiading, China. This investment included eight new powder coating production lines and an expanded Powder Coatings Technology Center. The addition will boost the plant's annual capacity by more than 8,000 metric tonnes.

Global Phthalic Anhydride Market Scope

The phthalic anhydride market is segmented on the basis of process, end user and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Process

• O-Xylene Catalytic Oxidation
• Naphthalene Catalytic Oxidation

 Application

• Plasticizers
• Unsaturated Polyester Resins
• Alkyd Resins
• Flame Retardant
• Dyes and Pigments

End User

• Automotive
• Electrical and Electronics
• Construction
• Others

Phthalic Anhydride Market Regional Analysis/Insights

The phthalic anhydride market is analyzed and market size insights and trends are provided by country, process, end user and application as referenced above.

The countries covered in the phthalic anhydride market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing demand of Polyvinyl Chloride (PVC) based components from countries such as China and India.

L'Amérique du Nord, en revanche, devrait connaître une croissance lucrative au cours de la période de prévision 2022-2029, en raison de l'utilisation croissante dans les industries d'utilisation finale et de l'essor des activités de recherche et développement dans la région.

La section pays du rapport fournit également des facteurs d'impact sur les marchés individuels et des changements dans la réglementation du marché qui ont un impact sur les tendances actuelles et futures du marché. Des points de données tels que l'analyse de la chaîne de valeur en aval et en amont, les tendances techniques et l'analyse des cinq forces du porteur, les études de cas sont quelques-uns des indicateurs utilisés pour prévoir le scénario de marché pour les différents pays. En outre, la présence et la disponibilité des marques mondiales et les défis auxquels elles sont confrontées en raison de la concurrence importante ou rare des marques locales et nationales, l'impact des tarifs nationaux et les routes commerciales sont pris en compte tout en fournissant une analyse prévisionnelle des données nationales.

Analyse du paysage concurrentiel et des parts de marché de l'anhydride phtalique

Le paysage concurrentiel du marché de l'anhydride phtalique fournit des détails par concurrent. Les détails inclus sont la présentation de l'entreprise, les finances de l'entreprise, les revenus générés, le potentiel du marché, les investissements dans la recherche et le développement, les nouvelles initiatives du marché, la présence mondiale, les sites et installations de production, les capacités de production, les forces et les faiblesses de l'entreprise, le lancement du produit, la largeur et l'étendue du produit, la domination des applications. Les points de données ci-dessus fournis ne concernent que l'orientation des entreprises liée au marché de l'anhydride phtalique.

Certains des principaux acteurs opérant sur le marché de l’anhydride phtalique sont

• LANXESS (Allemagne)
• Clariant (Suisse)
• Avient Corporation (États-Unis)
• La société Lubrizol (États-Unis)
• LG Chem (Corée du Sud)
• BASF SE (Allemagne)
• 3M (États-Unis)
• Dow (États-Unis)
• DuPont (États-Unis)
• LSB INDUSTRIES (États-Unis)
• Sika AG (Suisse)
• Innospec (États-Unis)
• ADEKA CORPORATION (Japon)
• Dorf Ketal Chemicals (I) Pvt. Ltd. (États-Unis)
• Groupe PMC Specialties (États-Unis)
• Chemplast Sanmar Limited (Inde)
• Westlake Chemical Corporation (États-Unis)
• Mitsubishi Chemical Corporation (Japon)
• SABIC (Arabie Saoudite)
• Afton Chemical (États-Unis)
• Mayzo, Inc. (États-Unis)
• Solvay (Belgique)
• Akzo Nobel NV (Pays-Bas)
• Arkema (France)
• Eastman Chemical Company (États-Unis)

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