| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 4.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Phthalic Anhydride Derivatives Market Analysis
The Phthalic Anhydride Derivatives Market is expected to register a CAGR of greater than 4.4% during the forecast period.
- However, the toxicity related to phthalic anhydride derivatives and the outbreak of coronavirus across the globe is likely to hinder the growth of the studied market.
- The renewable production of phthalic anhydride from biomass-derived furan and maleic anhydride are likely to provide opportunities for the phthalic anhydride derivatives market over the next five years.
- The construction industry is the most dominating end-user industry of the market studied.
- Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.
Phthalic Anhydride Derivatives Market Trends
Construction Sector to Dominate the Market
- Construction stands to be the dominating segment due to rising government investment in infrastructural expansion and growth of the residential sector all over the globe.
- Phthalic anhydride is utilized in the production of dioctyl phthalate which further used as a plasticizer for PVC. The increasing demand for molding of PVC products for many applications, such as pipes, windows, flooring, and roofing in the construction industry is likely to drive the market growth.
- Phthalic anhydride has been considered a major reference resin, used in the manufacture of paints and coatings based on alkyd resin and high-performance materials, such as solvent-based architectural coatings.
- Beneficial properties such as water and other contaminants corrosion resistance, temperature, aging resistant, low cost, and low shrinkage, demonstrated by unsaturated polyester resins, this is the preferred substance in the building and construction industry.
- It is commonly used in the construction industry for laminating resins, gel coats, pastes, putties, tooling resins, adhesives, and other formulations.
- All the aforementioned factors are expected to drive the phthalic anhydride derivatives market during the forecast period.
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Asia-Pacific Region to Dominate the Market
- Asia Pacific region stands to be the largest and fastest-growing market for phthalic anhydride derivatives. Factors, such as booming paints and coatings industry, growing consumption of plastics in the region, and increasing manufacturing company preference owing to low labor cost which in turn have been driving the phthalic anhydride derivatives requirements in Asia-Pacific.
- The growth rate of paints and coatings market in the Asia-Pacific region is anticipated to stand at 5% over the forecast period and specifically high growth from countries like China, Japan, and India.
- China is the Asia-Pacific region's largest manufacturer of paints and coatings, with an annual output of over 20 million metric tons/year. In recent years, the country's building sector has experienced huge investments.
- Furthermore, in Japan, in 2019, a sudden rise in residential construction and projects related to the Tokyo Olympics 2020 prompted the growth of the construction industry during 2019. However, with the outbreak of corona virus, the Tokyo Olympics is further postponed to 2021.
- In addition, China is the world's biggest consumer of plastics. With the growing packaging and industrial industries in the country, demand for plastics is projected to increase. Because of these factors, demand for plasticizers is expected to increase in China, which, in turn, is expected to increase demand for phthalic anhydride used in plasticizers.
- Hence, all such market trends are expected to drive the demand for phthalic anhydride derivatives market in the region during the forecast period.
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Phthalic Anhydride Derivatives Industry Overview
The global phthalic anhydride derivatives market is fragmented in nature. Some of the major companies are BASF SE, The Chemical Company, Koppers Inc., I G Petrochemicals Ltd, and LANXESSamongst others.
Phthalic Anhydride Derivatives Market Leaders
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The Chemical Company
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Koppers Inc.
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I G Petrochemicals Ltd
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LANXESS
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BASF SE
- *Disclaimer: Major Players sorted in no particular order
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Phthalic Anhydride Derivatives Industry Segmentation
The phthalic anhydride derivatives market report include:
| Derivatives | Unsaturated Polyester Resins | |
| Alkyd Resin | ||
| Plasticizer | ||
| Other | ||
| End-user Industry | Construction | |
| Automotive | ||
| Electrical and Electronics | ||
| Aerospace | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
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Phthalic Anhydride Derivatives Market Research FAQs
What is the current Phthalic Anhydride Derivatives Market size?
The Phthalic Anhydride Derivatives Market is projected to register a CAGR of greater than 4.4% during the forecast period (2025-2030)
Who are the key players in Phthalic Anhydride Derivatives Market?
The Chemical Company, Koppers Inc., I G Petrochemicals Ltd, LANXESS and BASF SE are the major companies operating in the Phthalic Anhydride Derivatives Market.
Which is the fastest growing region in Phthalic Anhydride Derivatives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Phthalic Anhydride Derivatives Market?
In 2025, the Asia Pacific accounts for the largest market share in Phthalic Anhydride Derivatives Market.
What years does this Phthalic Anhydride Derivatives Market cover?
The report covers the Phthalic Anhydride Derivatives Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Phthalic Anhydride Derivatives Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Phthalic Anhydride Derivatives Industry Report
Statistics for the 2025 Phthalic Anhydride Derivatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Phthalic Anhydride Derivatives analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
