Global Phthalic Anhydride
Market Report
2025
The global Phthalic Anhydride market size is USD 3.9 billion in 2024. The Phthalic Anhydride market will show strongest growth with a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. This growth can be attributed to the inventions and product development.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Phthalic Anhydride market size is USD 3.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Phthalic Anhydride Market Sales Revenue | 121212 | $ 3.9 Billion | 121212 | 121212 | 121212 | 4.6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Application |
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Market Split by Derivatives |
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Market Split by End user |
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Market Split by Process |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers: The different market tactics are anticipated to drive the Phthalic Anhydride market's expansion in the years ahead | |
Market Restrains:
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Report scope is customizable as we have a huge database of Phthalic Anhydride industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Phthalic Anhydride Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Phthalic anhydride is an organic crystalline substance with a white hue that is often generated when O-Xylene is catalytically oxidized. When corrosion comes into touch with water, its exothermic reaction can accelerate corrosion. It is used to create materials like artificial resins. In its commercial form, it is simply phthalic acid. Vinyl chloride-based plastics are frequently created by employing phthalic anhydride as a chemical bridge. It is called a versatile intermediate in chemical processes due to its accessibility and dual functioning. Phthalic anhydride's benefits over other materials, such as its low weight, resistance to chemical rot, high transparency, and resilience to weather, corrosion, abrasion, and impact, are driving up demand for it in the building, furniture, automobile, and aviation industries.
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In November 2021, The brownfield expansion of 53,000 MTPA of phthalic anhydride was approved by the board of I G Petrochemicals Ltd. (IGPL). An INR 345 crore project is needed for the brownfield expansion. (Source:https://www.indianchemicalnews.com/chemical/igpl-planning-rs-345-cr-brownfield-expansion-of-phthalic-anhydride-11167)
Top Companies Market Share in Phthalic Anhydride Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerged as the dominant region in the Phthalic Anhydride market because of the region's booming R&D activity and growing consumption across end-use sectors.
Asia-Pacific stands out as the fastest-growing region in the Phthalic Anhydride market due to the increase in government spending on infrastructure development in the port economy, which is predicted to create a high demand for PVC products and, in turn, spike demand for phthalic anhydride from PVC product makers.
The current report Scope analyzes Phthalic Anhydride Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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As per the current market study, out of xxxx Million USD global market revenue 2025, North America market holds xx% of the market share. The North America Phthalic Anhydride industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top North America countries for 2025,
As per the current market study, out of xxxx Million USD global market revenue 2025, Europe market holds xx% of the market share. The Europe Phthalic Anhydride industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Europe countries for 2025,
As per the current market study, out of xxxx Million USD global market revenue 2025, Asia Pacific market holds xx% of the market share. The Asia Pacific Phthalic Anhydride industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,
As per the current market study, out of xxxx Million USD global market revenue 2025, South America market holds xx% of the market share. The South America Phthalic Anhydride industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top South America countries for 2025,
As per the current market study, out of xxxx Million USD global market revenue 2025, Middle East and Africa market holds xx% of the market share. The Middle East and Africa Phthalic Anhydride industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Middle East and Africa countries for 2025,
Global Phthalic Anhydride Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Phthalic Anhydride Industry growth. Phthalic Anhydride market has been segmented with the help of its Application, Derivatives End user, and others. Phthalic Anhydride market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Application of Phthalic Anhydride analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Phthalic Anhydride Industry. Request a Free Sample PDF!
Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Phthalic Anhydride Market.
Some of the key Derivatives of Phthalic Anhydride are:
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According to cognitive market research, O-Xylene catalytic oxidation is the dominant category. Lower investment and operating costs are the outcome of minimizing the burning of phthalic anhydride and removing undesirable byproducts due to the high concentration of o-xylene in the input gas. Additionally, because o-xylene is liquid, its oxidation process allows for a simpler feed system than naphthalene's, which is the primary driver of o-xylene process demand in the phthalic anhydride market during the projection period. .
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Phthalic Anhydride Market is witnessing significant growth in the near future.
In 2023, the Unsaturated Polyester Resin segment accounted for noticeable share of global Phthalic Anhydride Market and is projected to experience significant growth in the near future.
The Phthalimide segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies LANXESS (Germany) , Avient Corporation (U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Application | Unsaturated Polyester Resin, Plasticizers, Alkyd Resin, Dyes and Pigments, Flame Retardants, Others |
Derivatives | Phthalimide, Phenolphthalein, Phthalate esters, Phthalein, Others |
End user | Paints & Coatings, Automotive, Electrical & Electronics, Building & Construction, Agriculture, Marine, Others |
Process | O-Xylene Catalytic Oxidation, Naphthalene Catalytic Oxidation |
List of Competitors | LANXESS (Germany), Clariant (Switzerland), Avient Corporation (U.S.), The Lubrizol Corporation (U.S.), LG Chem (South Korea), BASF SE (Germany), 3M (U.S.), Dow (U.S.), DuPont (U.S.), LSB INDUSTRIES (U.S.), Sika AG (Switzerland), Innospec (U.S.), ADEKA CORPORATION (Japan), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), PMC Specialties Group (U.S.), Chemplast Sanmar Limited (India) |
This chapter will help you gain GLOBAL Market Analysis of Phthalic Anhydride. Further deep in this chapter, you will be able to review Global Phthalic Anhydride Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Phthalic Anhydride. Further deep in this chapter, you will be able to review North America Phthalic Anhydride Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Phthalic Anhydride. Further deep in this chapter, you will be able to review Europe Phthalic Anhydride Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Phthalic Anhydride. Further deep in this chapter, you will be able to review Asia Pacific Phthalic Anhydride Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Phthalic Anhydride. Further deep in this chapter, you will be able to review South America Phthalic Anhydride Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Phthalic Anhydride. Further deep in this chapter, you will be able to review Middle East and Africa Phthalic Anhydride Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Phthalic Anhydride. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2021 - 2033
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Chapter 11 Market Split by Derivatives Analysis 2021 - 2033
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Chapter 12 Market Split by End user Analysis 2021 - 2033
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Chapter 13 Market Split by Process Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Phthalic Anhydride market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Unsaturated Polyester Resin have a significant impact on Phthalic Anhydride market? |
What are the key factors affecting the Unsaturated Polyester Resin and Plasticizers of Phthalic Anhydride Market? |
What is the CAGR/Growth Rate of Phthalimide during the forecast period? |
By type, which segment accounted for largest share of the global Phthalic Anhydride Market? |
Which region is expected to dominate the global Phthalic Anhydride Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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