Asia-Pacific Phthalic Anhydride Market and Derivatives (Plasticizers, Unsaturated Polyester Resins, and Alkyd Resins) by Application & Geography - Trends & Forecast to 2019

The Asia-Pacific phthalic anhydride market, along with its applications, has witnessed a strong growth in the past few years and this growth is estimated to be strong in the coming years. Phthalic anhydride is one of the basic organic chemical raw materials widely used in the plastics, paints & coatings, dyes, building & construction, pharmaceuticals, and rubber industries. Diversified applications of phthalic-based plasticizers in a broad spectrum of industries are among the major reasons behind the rapidly-growing demand for plasticizers in Asia-Pacific. However, the consumer shift towards sustainable products is impacting the demand for phthalic anhydride and its applications in various industries.

The Asia-Pacific phthalic anhydride market is experiencing rapid growth, which is expected to continue in the near future, mainly affected by the highly growing segments in China, India, Taiwan, South Korea, Japan, and Thailand, among others. A considerable amount of investments have been made by the key market players to serve the phthalic- free/low-phthalic-based products in various industries in the future. China is the largest contributor to the Asia-Pacific phthalic anhydride market, having accounted for 61% of the Asia-Pacific phthalic anhydride market in 2014. 

The plasticizers segment accounted for 60% of the total phthalic anhydride demand in 2014, with the building & construction and automotive industries being the major end-use segments of the region. The drivers of the industry include the rapidly-growing demand from developing economies and the capacity expansions by key market players in Asia-Pacific.

This study aims to estimate the Asia-Pacific market for phthalic anhydride for the period of 2014 to 2019. This market research study provides a detailed qualitative and quantitative analysis of the Asia-Pacific phthalic anhydride market, with data derived from various secondary sources such as encyclopedias, directories, industry journals, and databases. The main objective of this strategy was to identify and collect information useful for an extensive commercial study of the phthalic anhydride market in the Asia-Pacific region. The primary sources – experts from related industries and suppliers - were interviewed to obtain and verify critical information as well as to assess the future prospects of the phthalic anhydride market in Asia-Pacific.

Competitive scenarios of the top players in the phthalic anhydride market have been discussed in detail in this report. The leading players of this industry have been profiled, along with their recent developments and other strategic industry activities. The key players of the market include Aekyung Petrochemical Co., Ltd. (South Korea), IG Petrochemicals Ltd. (India), Nan Ya Plastics Corporation (Taiwan), Shandong Hongxin Chemicals Co Ltd. (China), and Shanghai Coking & Chemical Corporation (China), among others.

Scope of the Report:

This research report categorizes the Asia-Pacific market for phthalic anhydride on the basis of application and geography, along with forecasts of volume, value, and analyzing trends in each of the submarkets.

On the Basis of Application:

•  Plasticizers
• Unsaturated Polyester Resins (UPR)
• Alkyd Resins
• Others

On the Basis of Country:

• China
• India 
• Taiwan 
• South Korea
• Japan
• Thailand
• Others

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 13)
    2.1 Integrated Ecosystem of the Phthalic Anhydride Market
    2.2 Arriving at the Phthalic Anhydride Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach

3 Executive Summary (Page No. - 18)

4 Market Overview (Page No. - 20)
    4.1 Introduction
    4.2 Market Drivers and Inhibitors
    4.3 Key Market Dynamics
    4.4 Demand Side Analysis

5 Asia-Pacific Phthalic Anhydride Market, By Application (Page No. - 27)
    5.1 Introduction
    5.2 Phthalic Anhydride in Plasticizers, By Geography
    5.3 Phthalic Anhydride in Unsaturated Polyester Resins, By Geography
    5.4 Phthalic Anhydride in Alkyd Resins, By Geography
    5.5 Phthalic Anhydride in Others, By Geography

6 Asia-Pacific Phthalic Anhydride Market, By Country (Page No. - 40)
    6.1 Introduction
    6.2 China Phthalic Anhydride Market
           6.2.1 China Phthalic Anhydride Market, By Application
    6.3 India Phthalic Anhydride Market
           6.3.1 India Phthalic Anhydride Market, By Application
    6.4 Taiwan Phthalic Anhydride Market
           6.4.1 Taiwan Phthalic Anhydride Market, By Application
    6.5 South Korea Phthalic Anhydride Market
           6.5.1 South Korea Phthalic Anhydride Market, By Application
    6.6 Japan Phthalic Anhydride Market
           6.6.1 Japan Phthalic Anhydride Market, By Application
    6.7 Thailand Phthalic Anhydride Market
           6.7.1 Thailand Phthalic Anhydride Market, By Application
    6.8 Others Phthalic Anhydride Market
           6.8.1 Others Phthalic Anhydride Market, By Application

7 Asia-Pacific Phthalic Anhydride Market: Competitive Landscape (Page No. - 64)
    7.1 Asia-Pacific Phthalic Anhydride Market: Company Share Analysis
    7.2 Expansions

8 Asia-Pacific Phthalic Anhydride Market, By Company (Page No. - 66)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    8.1 Aekyung Petrochemical Co., Ltd.
    8.2 IG Petrochemicals Ltd.
    8.3 NAN YA Plastics Corporation
    8.4 Shandong Hongxin Chemicals Co. Ltd.
    8.5 Shanghai Coking & Chemical Corporation
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not be Captured in Case of Unlisted Company

9 Appendix (Page No. - 76)
    9.1 Customization Options
           9.1.1 Technical Analysis
           9.1.2 Low-Cost Sourcing Locations
           9.1.3 Regulatory Framework
           9.1.4 Impact Analysis
           9.1.5 Trade Analysis
    9.2 Related Reports
    9.3 Introducing RT: Real Time Market Intelligence
           9.3.1 RT Snapshots

List of Tables (36 Tables)

Table 1 Asia-Pacific Phthalic Anhydride Market, By Application, 2014 (KT)
Table 2 Asia-Pacific Phthalic Anhydride Market, By Application, 2014 (KT)
Table 3 Asia-Pacific Phthalic Anhydride Market: Drivers and Inhibitors
Table 4 Asia-Pacific Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 5 Asia-Pacific Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 6 Asia-Pacific Phthalic Anhydride Market, By Geography, 2013–2019 (USD MN)
Table 7 Asia-Pacific Phthalic Anhydride Market, By Geography, 2013-2019 (KT)
Table 8 Asia-Pacific Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 9 Asia-Pacific Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 10 Asia-Pacific Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 11 Asia-Pacific Phthalic Anhydride in Plasticizers, By Geography, 2013-2019 (USD MN)
Table 12 Asia-Pacific Phthalic Anhydride in Plasticizers, By Geography, 2013-2019 (KT)
Table 13 Asia-Pacific Phthalic Anhydride Market in Unsaturated Polyester Resins, By Geography, 2013-2019 (USD MN)
Table 14 Asia-Pacific Phthalic Anhydride in Unsaturated Polyester Resins, By Geography, 2013-2019 (KT)
Table 15 Asia-Pacific Phthalic Anhydride Market in Alkyd Resins, By Geography, 2013-2019 (USD MN)
Table 16 Asia-Pacific Phthalic Anhydride in Alkyd Resins, By Geography, 2013-2019 (KT)
Table 17 Asia-Pacific Phthalic Anhydride in Others, By Geography, 2013-2019 (USD MN)
Table 18 Asia-Pacific Phthalic Anhydride in Others , By Geography, 2013-2019 (KT)
Table 19 Asia-Pacific Phthalic Anhydride Market, By Country, 2014-2019 (USD MN)
Table 20 Asia-Pacific Phthalic Anhydride Market, By Country, 2014-2019 (KT)
Table 21 China Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 22 China Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 23 India Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 24 India Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 25 Taiwan Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 26 Taiwan Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 27 South Korea Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 28 South Korea Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 29 Japan Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 30 Japan Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 31 Thailand Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 32 Thailand Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 33 Others Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Table 34 Others Phthalic Anhydride Market, By Application, 2013-2019 (KT)
Table 35 Asia-Pacific Phthalic Anhydride Market: Company Share Analysis, 2014 (%)
Table 36 Asia-Pacific Phthalic Anhydride Market: Expansions

List of Figures (47 Figures)

Figure 1 Asia-Pacific Phthalic Anhydride Market: Segmentation & Coverage
Figure 2 Phthalic Anhydride Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Asia-Pacific Phthalic Anhydride Market: Snapshot, 2014
Figure 8 Phthalic Anhydride Market: Growth Aspects
Figure 9 Asia-Pacific Phthalic Anhydride Market, By Application, 2014 vs 2019
Figure 10 Asia-Pacific Phthalic Anhydride Market, By Geography, 2014 (KT)
Figure 11 Asia-Pacific Phthalic Anhydride Market, By Application, 2014-2019 (USD MN)
Figure 12 Asia-Pacific Phthalic Anhydride Market, By Application, 2014-2019 (KT)
Figure 13 Asia-Pacific Phthalic Anhydride Market in Plasticizers, By Geography, 2013-2019 (USD MN)
Figure 14 Asia-Pacific Phthalic Anhydride Market in Plasticizers, By Geography, 2013-2019 (KT)
Figure 15 Asia-Pacific Phthalic Anhydride Market in Unsaturated Polyester Resins, By Geography, 2013-2019 (USD MN)
Figure 16 Asia-Pacific Phthalic Anhydride Market in Unsaturated Polyester Resins, By Geography, 2013-2019 (KT)
Figure 17 Asia-Pacific Phthalic Anhydride Market in Alkyd Resins, By Geography, 2013-2019 (USD MN)
Figure 18 Asia-Pacific Phthalic Anhydride Market in Alkyd Resins, By Geography, 2013-2019 (KT)
Figure 19 Asia-Pacific Phthalic Anhydride Market in Others, By Geography, 2013-2019 (USD MN)
Figure 20 Asia-Pacific Phthalic Anhydride Market in Others, By Geography, 2013-2019 (KT)
Figure 21 Asia-Pacific Phthalic Anhydride Market: Growth Analysis, By Country, 2014-2019 (USD MN)
Figure 22 Asia-Pacific Phthalic Anhydride Market: Growth Analysis, By Country, 2014-2019 (KT)
Figure 23 China Phthalic Anhydride Market Overview, 2014 & 2019 (%)
Figure 24 China Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 25 China Phthalic Anhydride Market: Application Snapshot
Figure 26 India Phthalic Anhydride Market Overview, 2014 & 2019 (%)
Figure 27 India Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 28 India Phthalic Anhydride Market: Application Snapshot
Figure 29 Taiwan Phthalic Anhydride Market Overview, 2014 & 2019 (%)
Figure 30 Taiwan Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 31 Taiwan Phthalic Anhydride Market: Application Snapshot
Figure 32 South Korea Phthalic Anhydride Market Overview, 2014 & 2019 (%)
Figure 33 South Korea Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 34 South Korea Phthalic Anhydride Market: Application Snapshot
Figure 35 Japan Phthalic Anhydride Market Overview, 2014 & 2019 (%)
Figure 36 Japan Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 37 Japan Phthalic Anhydride Market: Application Snapshot
Figure 38 Thailand Phthalic Anhydride Market Overview, 2014 & 2019 (%)
Figure 39 Thailand Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 40 Thailand Phthalic Anhydride Market: Application Snapshot
Figure 41 Others Phthalic Anhydride Market Overview, 2014 & 2019 (%)
Figure 42 Others Phthalic Anhydride Market, By Application, 2013-2019 (USD MN)
Figure 43 Others Phthalic Anhydride Market: Application Snapshot
Figure 44 Asia-Pacific Phthalic Anhydride Market: Company Share Analysis, 2014 (%)
Figure 45 Aekyung Petrochemical Co., Ltd.: Key Financials, 2012-2013 (USD MN)
Figure 46 IG Petrochemical Ltd.: Key Financials, 2009-2013 (USD Thousands)
Figure 47 NAN YA Plastics Corporation: Key Financials, 2011-2013 (USD MN)

Phthalic anhydride is a precursor for various industrial products such as plasticizers, alkyd resins & coatings, polyester resins, and polyester polyols, among others. The derivatives of phthalic anhydride are furthermore used in a broad spectrum of industries, including paints & coatings, automotive, electronics, electrical, and building & construction.

China held the largest share in the Asia-Pacific region’s demand for phthalic anhydride. The country is estimated to occupy maximum share in phthalic anhydride demand for applications such as plasticizers, unsaturated polyester resins, and alkyd resins. However, the region is now focusing more on sustainable products, such as phthalate-free plasticizers and low-phthalic-based plasticizers. This is expected to restrain the growth of the phthalic anhydride market in the Asia-Pacific region during the forecast period of 2014 to 2019. Although this trend may have created room for the substitutes of phthalic anhydride, the replacement of phthalic anhydride completely from its existing applications is expected to be sluggish in the coming years.

The Asia-Pacific phthalic anhydride market, in terms of value, is projected to reach $5,632.8 million by 2019 from $4,222.4 million in 2014, at a CAGR of 5.9% from 2014 to 2019. The rising demand for plasticizers from the construction and electronics industries is contributing to the growth of phthalic anhydride in Asia-Pacific.

Based on applications, the phthalic anhydride market is segmented into plasticizers, unsaturated polyester resins, and alkyd resins, among others. The plasticizers segment accounted for 60% share of the Asia-Pacific phthalic anhydride market in 2014. Moreover, rising activities such as automotive production, remodeling/ construction, and original equipment manufacturing (OEM) are contributing to the increasing demand for phthalic-based plasticizers in Asia-Pacific. Furthermore, manufacturers of phthalic anhydride are focusing on expanding their production plant capacities in order to meet the demand for phthalic anhydride across the globe.

The key players in the Asia-Pacific phthalic anhydride market include Aekyung Petrochemical Co., Ltd. (Korea), IG Petrochemicals Ltd. (India), Nan Ya Plastics Corporation (Taiwan), Shandong Hongxin Chemicals Co. Ltd. (China), and Shanghai Coking & Chemical Corporation (China), among others.