Europe Phthalic Anhydride Market - (Plasticizers, Unsaturated Polyester Resins, and Alkyd Resins) Trends & Forecast to 2019
The European phthalic anhydride market, along with its applications, has witnessed strong growth in the past few years, which is estimated to decline in the coming years. Phthalic anhydride is one of the basic organic chemical raw materials widely used in plastic, paints & coatings, dyes, building & construction, pharmaceuticals, and rubber industries. Diversified applications of phthalic-based plasticizers in a broad spectrum of industries is the major reason for the soaring demand of plasticizers in Europe; the consumer shift towards sustainable products impacts the demand for phthalic anhydride and its applications in various industries.
This market is experiencing moderate growth, which is expected to continue in the near future, mainly affected by highly growing countries such as Germany, The Netherlands, Italy, Turkey, France, Austria, Poland, Spain, the U.K., and others regions, and intense efforts at the country level to promote environment-friendly and recyclable products. Considerable amounts of investments are made by various market players to serve the phthalic-free/ low-phthalic based products in various industries in future. Germany is the main phthalic anhydride market that accounted for about 36% of the market share of the total European phthalic anhydride market demand in 2014. The region is further expected to display moderate growth in future, mainly due to the high growth potential of phthalic-based plasticizers in the German market.
Nearly 45% of the total phthalic anhydride demand was for plasticizers applications in 2014, with the building & construction and automotive industry being the fastest growing end-use segments, primarily due to high penetration in all the countries in Europe.
The drivers of the industry include the positive trend in DINP plasticizers and the potential for phthalate-based plasticizers.
This study aims to estimate the European market of phthalic anhydride in 2014 and to project its demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of this market. We have used various secondary sources such as the encyclopedia, directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the phthalic anhydride market. The primary sources – experts from related industries and suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects of phthalic anhydride.
Competitive scenarios of top players in the phthalic anhydride market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include key phthalic anhydride manufacturers such as BASF SE (Germany), Exxon Mobil Corporation (U.S.), Lanxess (Germany), Polynt SpA (Italy), Proviron Basic Chemicals (Belgium), Slovnaft (Slovakia), and others.
Scope of the report:
This research report categorizes the European market for phthalic anhydride on the basis of applications and geography along with forecasts based on volume, value, and an analysis of trends in each of the submarkets.
On the basis of applications:
- Plasticizers
- Unsaturated Polyestre Resins (UPR)
- Alkyd Resins
- Others
On the basis of geography:
- Germany
- The Netherlands
- Italy
- Turkey
- France
- Austria
- Poland
- Spain
- U.K.
- Others
This trend may have created a room for its substitutes, but it will still take more time to replace phthalic anhydride completely from its existing applications.
ReplyDeleteNearly 45% of the total phthalic anhydride demand was for plasticizers applications in 2014, with the building & construction and automotive industry being the fastest growing end-use segments, primarily due to high penetration in all the countries in Europe.
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