Shandong Hongxin Chemicals Co Ltd., a China-based chemical manufacturing company, focuses on phthalic anhydride production plant expansions as part of its strategy to boost its growth in the Asia-Pacific market for phthalic anhydride. Moreover, the company engages itself in manufacturing phthalic anhydride derivatives to broaden its product portfolio and sustain its leading position in the Asia-Pacific phthalic anhydride market.
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In 2014, IG Petrochemicals Ltd. (India) constantly focused on production plant expansion and research & development to develop technological advancements in the phthalic anhydride market. The company is among the largest players of the Asia-Pacific phthalic anhydride market.
Nan Ya Plastics Corporation (Taiwan) is another leading player of phthalic anhydride in Asia-Pacific. The company is developing techniques to manufacture low-phthalate-based products to retain its market position in Asia-Pacific. In November 2011, Shanghai Coking & Chemical Corporation (China) focused on technical advancements and production plant expansions in order to increase its productivity in terms of phthalic anhydride output. The company holds a large share in the Asia-Pacific phthalic anhydride market, owing to factors such as continuous technological advancements and technological developments in production facilities.
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The major participants operating in the Asia-Pacific phthalic anhydride market are 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.
