Asia-Pacific Phthalic Anhydride Market is expected to reach $5,572.8 million by 2018

Asia-Pacific Phthalic Anhydride Market is expected to reach $5,572.8 million by 2018 - New Report by MicroMarket Monitor.

“Key Players in the Asia-Pacific Phthalic Anhydride Market are Shandong Hongxin Chemical Co Ltd (China), Zhenjiang Union Chemical Industry Co. Ltd. (China), Nan Ya Plastics Corporation (U.S.)�

The Asia-Pacific Phthalic Anhydride Market report defines the market with respect to an analysis of the growth trends and revenue forecasts. Phthalic anhydride (PA) is a derivative of phthalic acid, which is obtained from the oxidation of o-Xylene or naphthalene. A stringent supply of naphthalene has arisen due to the decreasing coke consumption (resulting in low naphthalene and coal tar production). On the other hand, the increasing availability of o-Xylene from refineries has led to the switch to o-Xylene feed stock. PA is manufactured in two forms: flakes and in the molten state. According to the report, PA finds its main application in the plasticization of poly vinyl chloride (PVC) due to its ability to provide flexibility and strength to the compound. In paints and coatings, alkyd resins produced from anhydrides, such as PA and polyols are used to fix the curing time of the coating applied.

Browse through the TOC of Asia-Pacific Phthalic Anhydride Market for an analysis of industry trends, segments & forecasts. http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride2887780714.html

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According to the report findings, the global PA market is driven by the rising demand from Asia-Pacific and other emerging markets. The Asia-Pacific phthalic anhydride market is projected to grow with China and India witnessing the fastest growth in the demand for PVC, owing to rapid development of the construction and transportation sector.

Industrial growth in emerging regions is expected to create potential opportunities for the growth and demand of these products in the near future. In addition, growth in the demand for and applications of alkyd resins is also expected to influence the overall market in the years to come. An increasing demand for polyester polyols is considered to be a vital factor that boosts business opportunities for the established as well as potential players in the market. However, toxicity of the phthalates and rebuilding consumer faith remain major challenges for key players in the industry.

The report covers the Asia-Pacific phthalic anhydride market, which is segmented on the basis of applications and ingredients. In this region, phthalic anhydride is applied in alkyd resin, plasticizers, and unsaturated polymers. This report also includes market shares and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

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