Product Code: ETC13143424 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Phthalic anhydride Market was valued at USD 6.2 Billion in 2024 and is expected to reach USD 8 Billion by 2031, growing at a compound annual growth rate of 3.70% during the forecast period (2025-2031).
The global phthalic anhydride market is witnessing steady growth driven by the increasing demand from end-use industries such as plastics, paints and coatings, and pharmaceuticals. Phthalic anhydride is a key chemical intermediate used in the production of plasticizers, which are extensively used in the manufacturing of PVC products. The market is also benefiting from the growing construction and automotive sectors, where phthalic anhydride-based products find wide applications. However, environmental concerns related to the use of phthalic anhydride and the shift towards eco-friendly alternatives are restraining market growth. Asia-Pacific region dominates the global market due to the presence of a large manufacturing base and growing industrialization. Key players in the market include BASF SE, Exxon Mobil Corporation, and UPC Technology Corporation.
The global phthalic anhydride market is experiencing growth due to increasing demand from various end-use industries such as plastics, paints and coatings, and pharmaceuticals. The market is driven by the growing construction and automotive sectors, as well as the rising demand for PVC products. Additionally, the shift towards sustainable and bio-based alternatives is creating opportunities for market players to invest in research and development of eco-friendly phthalic anhydride products. Asia-Pacific region dominates the market due to the presence of key manufacturers and high demand from emerging economies like China and India. Overall, the market is expected to continue expanding, driven by technological advancements, increasing applications, and environmental regulations pushing for sustainable solutions.
The Global Phthalic Anhydride Market faces several challenges, including environmental concerns due to its classification as a hazardous substance, increasing regulations regarding its use in various applications, and volatility in raw material prices, such as orthoxylene. Additionally, the market is highly competitive, with key players engaging in pricing strategies and innovation to maintain their market positions. Fluctuations in demand from end-use industries, such as plastics, paints, and coatings, further impact the market dynamics. Moreover, the shift towards sustainable alternatives and growing awareness regarding the health hazards associated with phthalic anhydride pose significant challenges for market growth and sustainability. Overall, navigating these challenges requires industry players to adopt strategic approaches focused on sustainability, innovation, and compliance with regulations.
The global phthalic anhydride market is primarily driven by the growing demand for plasticizers in industries such as automotive, construction, and consumer goods. Phthalic anhydride is a key ingredient in the production of phthalate plasticizers, which are widely used to improve the flexibility and durability of plastics. The increasing consumption of plastics in various applications, coupled with the rising construction activities and automotive production, is fueling the demand for phthalic anhydride. Additionally, the growing awareness about sustainable practices and the shift towards eco-friendly alternatives are driving the development of bio-based phthalic anhydride, further boosting market growth. Technological advancements in production processes and the expanding chemical industry are also contributing to the overall expansion of the global phthalic anhydride market.
Government policies related to the Global Phthalic anhydride Market primarily focus on regulating its production, usage, and disposal to ensure environmental and human health safety. Key policies include restrictions on emissions of volatile organic compounds (VOCs) during production processes, guidelines on safe handling and storage of the chemical, and requirements for proper disposal of waste containing phthalic anhydride. Additionally, some governments have set limits on the concentration of phthalic anhydride in consumer products such as plastics and coatings due to its potential health risks. These policies aim to minimize adverse impacts on the environment and public health while promoting sustainable practices within the industry.
The global phthalic anhydride market is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries such as plastics, paints, and coatings. The market is likely to benefit from the growing construction and automotive sectors, which are key consumers of phthalic anhydride-based products. Additionally, the rising adoption of phthalic anhydride in the production of plasticizers and resins for packaging materials is expected to further boost market growth. However, stringent regulations regarding the use of phthalates in certain applications may pose a challenge for market expansion. Overall, technological advancements in production processes and increasing investments in research and development are anticipated to drive innovation and create new opportunities for growth in the global phthalic anhydride market.
In the global phthalic anhydride market, Asia-Pacific region dominates both in terms of production and consumption due to the presence of major manufacturing hubs in countries like China, India, and South Korea. North America and Europe are key markets for phthalic anhydride, driven by the strong demand from industries such as automotive, construction, and electronics. The Middle East and Africa region is witnessing steady growth in the phthalic anhydride market, supported by infrastructural developments and increasing investments in the chemical industry. Latin America also shows promising growth opportunities for phthalic anhydride market, fueled by the expanding construction sector and rising demand for plastics and resins in the region. Overall, the global phthalic anhydride market is expected to witness substantial growth across all regions in the coming years.
Global Phthalic anhydride Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Phthalic anhydride Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Phthalic anhydride Market Revenues & Volume, 2021 & 2031F |
3.3 Global Phthalic anhydride Market - Industry Life Cycle |
3.4 Global Phthalic anhydride Market - Porter's Five Forces |
3.5 Global Phthalic anhydride Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Phthalic anhydride Market Revenues & Volume Share, By Process Type, 2021 & 2031F |
3.7 Global Phthalic anhydride Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 Global Phthalic anhydride Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Global Phthalic anhydride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Phthalic anhydride Market Trends |
6 Global Phthalic anhydride Market, 2021 - 2031 |
6.1 Global Phthalic anhydride Market, Revenues & Volume, By Process Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Phthalic anhydride Market, Revenues & Volume, By O-Xylene Catalytic Oxidation, 2021 - 2031 |
6.1.3 Global Phthalic anhydride Market, Revenues & Volume, By Napthalene Catalytic Oxidation, 2021 - 2031 |
6.2 Global Phthalic anhydride Market, Revenues & Volume, By Applications, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Phthalic anhydride Market, Revenues & Volume, By Plasticizer, 2021 - 2031 |
6.2.3 Global Phthalic anhydride Market, Revenues & Volume, By Polyester Resin, 2021 - 2031 |
6.2.4 Global Phthalic anhydride Market, Revenues & Volume, By Alkyd Resin, 2021 - 2031 |
6.2.5 Global Phthalic anhydride Market, Revenues & Volume, By Polyester Polyols, 2021 - 2031 |
6.2.6 Global Phthalic anhydride Market, Revenues & Volume, By Dyes, 2021 - 2031 |
6.2.7 Global Phthalic anhydride Market, Revenues & Volume, By Medicine, 2021 - 2031 |
6.2.8 Global Phthalic anhydride Market, Revenues & Volume, By Insecticides, 2021 - 2031 |
6.2.9 Global Phthalic anhydride Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Phthalic anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Phthalic anhydride Market, Revenues & Volume, By Automotive & Transportation, 2021 - 2031 |
6.3.3 Global Phthalic anhydride Market, Revenues & Volume, By Building & Construction, 2021 - 2031 |
6.3.4 Global Phthalic anhydride Market, Revenues & Volume, By Paints & Coatings, 2021 - 2031 |
6.3.5 Global Phthalic anhydride Market, Revenues & Volume, By Marine, 2021 - 2031 |
6.3.6 Global Phthalic anhydride Market, Revenues & Volume, By Electrical & Electronics, 2021 - 2031 |
6.3.7 Global Phthalic anhydride Market, Revenues & Volume, By Plastics, 2021 - 2031 |
6.3.8 Global Phthalic anhydride Market, Revenues & Volume, By Agriculture, 2021 - 2031 |
6.3.9 Global Phthalic anhydride Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Phthalic anhydride Market, Overview & Analysis |
7.1 North America Phthalic anhydride Market Revenues & Volume, 2021 - 2031 |
7.2 North America Phthalic anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Phthalic anhydride Market, Revenues & Volume, By Process Type, 2021 - 2031 |
7.4 North America Phthalic anhydride Market, Revenues & Volume, By Applications, 2021 - 2031 |
7.5 North America Phthalic anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
8 Latin America (LATAM) Phthalic anhydride Market, Overview & Analysis |
8.1 Latin America (LATAM) Phthalic anhydride Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Phthalic anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Phthalic anhydride Market, Revenues & Volume, By Process Type, 2021 - 2031 |
8.4 Latin America (LATAM) Phthalic anhydride Market, Revenues & Volume, By Applications, 2021 - 2031 |
8.5 Latin America (LATAM) Phthalic anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
9 Asia Phthalic anhydride Market, Overview & Analysis |
9.1 Asia Phthalic anhydride Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Phthalic anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Phthalic anhydride Market, Revenues & Volume, By Process Type, 2021 - 2031 |
9.4 Asia Phthalic anhydride Market, Revenues & Volume, By Applications, 2021 - 2031 |
9.5 Asia Phthalic anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
10 Africa Phthalic anhydride Market, Overview & Analysis |
10.1 Africa Phthalic anhydride Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Phthalic anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Phthalic anhydride Market, Revenues & Volume, By Process Type, 2021 - 2031 |
10.4 Africa Phthalic anhydride Market, Revenues & Volume, By Applications, 2021 - 2031 |
10.5 Africa Phthalic anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
11 Europe Phthalic anhydride Market, Overview & Analysis |
11.1 Europe Phthalic anhydride Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Phthalic anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Phthalic anhydride Market, Revenues & Volume, By Process Type, 2021 - 2031 |
11.4 Europe Phthalic anhydride Market, Revenues & Volume, By Applications, 2021 - 2031 |
11.5 Europe Phthalic anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
12 Middle East Phthalic anhydride Market, Overview & Analysis |
12.1 Middle East Phthalic anhydride Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Phthalic anhydride Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Phthalic anhydride Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Phthalic anhydride Market, Revenues & Volume, By Process Type, 2021 - 2031 |
12.4 Middle East Phthalic anhydride Market, Revenues & Volume, By Applications, 2021 - 2031 |
12.5 Middle East Phthalic anhydride Market, Revenues & Volume, By End-users, 2021 - 2031 |
13 Global Phthalic anhydride Market Key Performance Indicators |
14 Global Phthalic anhydride Market - Export/Import By Countries Assessment |
15 Global Phthalic anhydride Market - Opportunity Assessment |
15.1 Global Phthalic anhydride Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Phthalic anhydride Market Opportunity Assessment, By Process Type, 2021 & 2031F |
15.3 Global Phthalic anhydride Market Opportunity Assessment, By Applications, 2021 & 2031F |
15.4 Global Phthalic anhydride Market Opportunity Assessment, By End-users, 2021 & 2031F |
16 Global Phthalic anhydride Market - Competitive Landscape |
16.1 Global Phthalic anhydride Market Revenue Share, By Companies, 2024 |
16.2 Global Phthalic anhydride Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |