Phthalic Anhydride Market Trends, Revenue, Development, Future Analysis, Globally Industry Growing at a CAGR
Market Highlights Global Phthalic Anhydride Market trends 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 Market Trends 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, transparenc