Phthalic Anhydride Industry: Analysis by Product Types and Applications, Industry Top Players, Regions and Market Overview
Market Highlights Global Phthalic Anhydride Market is Projected to Be Valued at USD 7,213.7 Million By 2025 Registering a CAGR of 4.2% during the Forecast Period. The major driver for the growth of the global phthalic anhydride market is its extensive use as a plasticizer in PVC production. It is widely used in major end-use industries as it enhances PVC flexibility. Polyurethanes exhibit properties such as strength, moisture & abrasion resistance, non-flammability, dimensional stability, and low cost. Segment Analysis The Global Phthalic Anhydride Industry has been segmented on the basis of Derivative, Application, End-Use Industry, and Region. Based on Derivative, phthalic anhydride is segmented into phthalate esters, phthalimide, phthalein, phenolphthalein, and others. The phthalate esters segment is projected to exhibit a CAGR of 4.4% during the review period. This is attributed to their use as additives in plastics to increase flexibility, transparency,