March 14, 2023/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Phthalic Anhydride Market.

Phthalic Anhydride Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Market Insights

Phthalic anhydride market is likely to witness an impressive CAGR of 5.2% during the forecast period.

What is phthalic anhydride?

Phthalic Anhydride is a crystalline compound that is prepared by the oxidization of naphthalene. The compound can act as an intermediate in the process of manufacturing resins, dyes, and plastics. This crystalline compound is mainly a colorless with needle-like structure but at times can appear to be a lustrous white solid. It has a mild odor and is toxic in nature.

Phthalic Anhydride is majorly used in polyester resin production. Also, it is used in alkyd resin production that is used in urethane polyester polyols, insect repellents, lacquers, and paints. Rubber scorch is another area where the compound is used.

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Drivers

These factors are expected to boost the demand for the market in the coming year:

  • Growing demand for PVC products across the building and construction and automotive industry.
  • The increasing use of phthalate plasticizers in automotive manufacturing coupled growing automotive industry.
  • The increasing demand for glass Fiber-reinforced plastics in various industries is expected to stimulate the market during the forecast period.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Phthalic Anhydride Market analysis report discusses the following heads in great detail:

·         Market structure: Overview, industry life cycle analysis, supply chain analysis

·         COVID-19 Impact Assessment

·         Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

·         Market trend and forecast analysis

·         Market segment trend and forecast

·         Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

·         Attractive market segments and associated growth opportunities

·         Emerging trends

·         Strategic growth opportunities for the existing and new players

·         Key success factors 

About Stratview Research

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