Phthalic Anhydride Industry Statistics

In this post, we will explore key statistics and trends in the global phthalic anhydride industry. From market size projections and regional demand dynamics to application trends and growth forecasts, we will delve into the data shaping this important sector. Stay tuned to gain valuable insights into the evolving landscape of phthalic anhydride production and consumption.

Statistic 1

"The global phthalic anhydride market size was estimated at USD 7.99 Billion in 2019."

Statistic 2

"Phthalic anhydride market size is anticipated to exceed USD 13.84 billion by 2027."

Statistic 3

"Plasticizers were the largest application segment amongst others and accounted for 56.5% of total market volume in 2012."

Statistic 4

"The Asia Pacific region led the global phthalic anhydride market in terms of demand in 2019."

Statistic 5

"The global phthalic anhydride market is projected to grow at a CAGR of 3.7% during the forecast period 2021-2027."

Statistic 6

"North America contributed to 17% of the global demand for phthalic anhydride in 2012."

Statistic 7

"China alone accounted for most of the global phthalic anhydride demand at 43% in 2018."

Statistic 8

"The global plasticizers market is expected to reach USD 20.96 billion by 2027, driving the demand for phthalic anhydride."

Statistic 9

"Unsaturated Polyester Resins (UPR) application is expected to be the fastest-growing segment, at an estimated CAGR of 5.9% from 2015 to 2022."

Statistic 10

"Phthalic Anhydride production in India crossed 330 kilo tons in 2014."

Statistic 11

"It is estimated that the consumption of Phthalic Anhydride for Plasticizers will grow at a CAGR of approximately 2% during 2020-2025."

Statistic 12

"In 2019, about 10% of the phthalic anhydride produced globally was used in the production of alkyd resins."

Statistic 13

"Plasticizers are forecast to decrease to less than 90% of global phthalic anhydride consumption by 2022."

Statistic 14

"The Indian market for Phthalic Anhydride is anticipated to cross $791 million by the end of 2021."

Statistic 15

"The rest of the world (9.8 %) held the least share of the global market in 2019."

Statistic 16

"The use of phthalic anhydride in the construction industry is projected to increase at a CAGR of approximately 3.8% during 2021-2027."

The statistics presented indicate a steady growth and evolution in the global phthalic anhydride market, with a projected increase in market size, driven primarily by the plasticizers segment and key regions like Asia Pacific and China. The anticipated rise in demand for phthalic anhydride in applications such as Unsaturated Polyester Resins and alkyd resins reflects shifting industry trends. The forecasted growth rates suggest promising opportunities for market expansion, particularly in sectors like construction. However, challenges such as the decreasing share of phthalic anhydride in plasticizers consumption require strategic adaptation from industry players. Overall, the data points to a dynamic market landscape with significant potential for growth and innovation in the coming years.