Global Phthalic Anhydride Market Size Study, by Derivative, Application, End-Use Industry, and Regional Forecasts 2022-2032

Description

The Global Phthalic Anhydride Market is valued at approximately USD 5.45 billion in 2023 and is projected to expand at a CAGR of 4.67% during the forecast period 2024-2032. Phthalic anhydride, a critical chemical intermediate primarily derived from ortho-xylene, serves as a cornerstone in the production of plasticizers, resins, dyes, and flame retardants. Its versatile applications across building & construction, automotive, and electrical industries underscore its importance in modern manufacturing ecosystems. As industries shift towards durable, lightweight, and high-performance materials, phthalic anhydride remains indispensable for producing products such as polyvinyl chloride (PVC) plastics, unsaturated polyester resins (UPR), and alkyd coatings.

The market's steady growth can be attributed to the increasing demand for plasticizers, which are essential for enhancing the flexibility and workability of plastics, particularly in the construction and automotive sectors. Rapid infrastructure development, particularly in emerging economies, coupled with rising automotive production, has significantly bolstered demand for phthalic anhydride-based derivatives. Additionally, advancements in resin technologies have paved the way for innovative applications in coatings, composites, and flame-retardant solutions, further driving market penetration. However, fluctuating raw material prices and the growing shift toward bio-based alternatives pose challenges for market growth.

Nevertheless, opportunities for phthalic anhydride producers abound as the focus on sustainable and energy-efficient construction materials intensifies. Developments in eco-friendly plasticizers and bio-based resins are shaping the industry's future, enabling manufacturers to align with environmental regulations and meet evolving consumer preferences. Furthermore, the agricultural sector's increasing reliance on phthalic anhydride-derived pesticides and herbicides highlights its broader industrial relevance. Regulatory support for advanced chemical manufacturing is fostering market expansion, particularly in regions prioritizing industrial growth.

Geographically, Asia-Pacific dominates the phthalic anhydride market, driven by robust industrial activity, rapid urbanization, and infrastructure advancements in China, India, and Southeast Asia. The region's increasing investments in building materials, automotive manufacturing, and electrical goods create a substantial demand for plasticizers and polyester resins. North America, bolstered by strong automotive production and advancements in construction technology, remains a significant market, while Europe's emphasis on regulatory compliance and sustainable solutions continues to fuel steady growth. Latin America and the Middle East & Africa are emerging as promising markets, supported by rising construction investments and agricultural applications.

The phthalic anhydride market is positioned for consistent growth, driven by its wide-ranging applications and advancements in chemical manufacturing technologies. Key players are focusing on enhancing production capacities, fostering innovations, and exploring sustainable solutions to meet global demand and maintain their competitive edge.

Major Market Players Included in this Report Are:

BASF SE
ExxonMobil Corporation
Mitsubishi Gas Chemical Company, Inc.
Aekyung Petrochemical Co., Ltd.
I G Petrochemicals Ltd.
Polynt SpA
UPC Technology Corporation
NAN YA Plastics Corporation
Koppers Holdings Inc.
Shandong Hongxin Chemicals Co., Ltd.
Thirumalai Chemicals Ltd.
Yabang Investment Holding Group Co., Ltd.
Jiangsu Sanmu Group Co., Ltd.
Asian Paints Ltd.
Anhui Tongxin Chemical Co., Ltd.

The Detailed Segments and Sub-Segment of the Market Are Explained Below:

By Derivative:

Phthalate Esters
Phthalimide
Phthalein
Phenolphthalein
Others

By Application:

Plasticizers
Unsaturated Polyester Resin
Alkyd Resin
Flame Retardants
Dyes and Pigments
Others

By End-Use Industry:

Building & Construction
Automotive
Electrical & Electronics
Healthcare
Agriculture
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study Are as Follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level insights across major regions.
Competitive landscape with in-depth information on major players.
Analysis of key business strategies and recommendations for future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Phthalic Anhydride Market Executive Summary

1.1. Global Phthalic Anhydride Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Derivative
- 1.3.2. By Application
- 1.3.3. By End-Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Phthalic Anhydride Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Phthalic Anhydride Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Plasticizers
- 3.1.2. Advancements in Resin Technologies
- 3.1.3. Increasing Demand in Automotive and Construction Sectors
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Costs
- 3.2.2. Shift Towards Bio-Based Alternatives
3.3. Market Opportunities
- 3.3.1. Development of Eco-Friendly Plasticizers
- 3.3.2. Innovations in Bio-Based Resins
- 3.3.3. Strategic Collaborations and Partnerships

Chapter 4. Global Phthalic Anhydride Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Phthalic Anhydride Market Size & Forecasts by Derivative 2022-2032

5.1. Segment Dashboard
5.2. Global Phthalic Anhydride Market: Derivative Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Phthalate Esters
- 5.2.2. Phthalimide
- 5.2.3. Phthalein
- 5.2.4. Phenolphthalein
- 5.2.5. Others

Chapter 6. Global Phthalic Anhydride Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Phthalic Anhydride Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Plasticizers
- 6.2.2. Unsaturated Polyester Resin
- 6.2.3. Alkyd Resin
- 6.2.4. Flame Retardants
- 6.2.5. Dyes and Pigments
- 6.2.6. Others

Chapter 7. Global Phthalic Anhydride Market Size & Forecasts by End-Use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Phthalic Anhydride Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Building & Construction
- 7.2.2. Automotive
- 7.2.3. Electrical & Electronics
- 7.2.4. Healthcare
- 7.2.5. Agriculture
- 7.2.6. Others

Chapter 8. Global Phthalic Anhydride Market Size & Forecasts by Region 2022-2032

8.1. North America Phthalic Anhydride Market
- 8.1.1. U.S. Phthalic Anhydride Market
  - 8.1.1.1. Derivative Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Phthalic Anhydride Market
8.2. Europe Phthalic Anhydride Market
- 8.2.1. UK Phthalic Anhydride Market
- 8.2.2. Germany Phthalic Anhydride Market
- 8.2.3. France Phthalic Anhydride Market
- 8.2.4. Spain Phthalic Anhydride Market
- 8.2.5. Italy Phthalic Anhydride Market
- 8.2.6. Rest of Europe Phthalic Anhydride Market
8.3. Asia-Pacific Phthalic Anhydride Market
- 8.3.1. China Phthalic Anhydride Market
- 8.3.2. India Phthalic Anhydride Market
- 8.3.3. Japan Phthalic Anhydride Market
- 8.3.4. Australia Phthalic Anhydride Market
- 8.3.5. South Korea Phthalic Anhydride Market
- 8.3.6. Rest of Asia-Pacific Phthalic Anhydride Market
8.4. Latin America Phthalic Anhydride Market
- 8.4.1. Brazil Phthalic Anhydride Market
- 8.4.2. Mexico Phthalic Anhydride Market
- 8.4.3. Rest of Latin America Phthalic Anhydride Market
8.5. Middle East & Africa Phthalic Anhydride Market
- 8.5.1. Saudi Arabia Phthalic Anhydride Market
- 8.5.2. South Africa Phthalic Anhydride Market
- 8.5.3. Rest of Middle East & Africa Phthalic Anhydride Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. BASF SE
- 9.1.2. ExxonMobil Corporation
- 9.1.3. Mitsubishi Gas Chemical Company, Inc.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. ExxonMobil Corporation
- 9.3.3. Mitsubishi Gas Chemical Company, Inc.
- 9.3.4. Aekyung Petrochemical Co., Ltd.
- 9.3.5. I G Petrochemicals Ltd.
- 9.3.6. Polynt SpA
- 9.3.7. UPC Technology Corporation
- 9.3.8. NAN YA Plastics Corporation
- 9.3.9. Koppers Holdings Inc.
- 9.3.10. Shandong Hongxin Chemicals Co., Ltd.
- 9.3.11. Thirumalai Chemicals Ltd.
- 9.3.12. Yabang Investment Holding Group Co., Ltd.
- 9.3.13. Jiangsu Sanmu Group Co., Ltd.
- 9.3.14. Asian Paints Ltd.
- 9.3.15. Anhui Tongxin Chemical Co., Ltd.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes