Phthalic Anhydride (PA) Market
Phthalic Anhydride (PA) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Phthalic Anhydride (PA) Market Size and Growth
The Phthalic Anhydride (PA) market is experiencing moderate growth, driven by demand in plasticizers, coatings, and resins. As of 2023, the global market size is estimated at approximately $4.6 billion, with projections indicating a CAGR of 4% over the next five years, influenced by shifts toward sustainable materials and innovative applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ UPC Technology
◍ Aekyung Petrochemical
◍ BASF
◍ ExxonMobil
◍ Polynt
◍ Stepan
◍ Proviron
◍ Koppers
◍ Thirumalai Chemicals
◍ Mitsubishi Gas Chemical
◍ Nippon Steel & Sumitomo Metal
◍ IG Petrochemicals
The Phthalic Anhydride (PA) market features key players like UPC Technology, BASF, and ExxonMobil, which leverage PA in production processes for plasticizers, resins, and coatings. These companies drive market growth through innovation and capacity expansion. Sales figures include BASF (approximately $78 billion) and ExxonMobil (around $413 billion).
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Market Segmentation
By Application
Automobiles
Construction ◍ Land and marine transportation
By Product
◍ Phthalate Plasticizers
Unsaturated Polyester Resins (UPRs)
Alkyd Resins
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Market Growth
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$ X Billion USD
