Exxon Mobil Corporation, a U.S.-based company, is one of the largest manufacturers of chemicals and intermediaries worldwide. The company holds the largest share of the phthalic anhydride market in North America. In addition, the company is focusing on research & development in order to launch new products of phthalic anhydride, thus creating a unique leading position for the company in the phthalic anhydride market in the North American region. The company’s large market share can be attributed to factors such as increasing corporate agreements, continuous technological advancements, and new product developments.
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BASF S.E. is a Germany-based leading manufacturer of chemicals. BASF is the second leading manufacturer of phthalic anhydride and its derivatives for the North American market. Moreover, the company is constantly focusing on research & development to sustain its strong position in the North America phthalic anhydride market. Furthermore, the company has ventured into manufacturing of the raw materials of phthalic anhydride. The company’s second-largest share in the North America phthalic anhydride can be attributed to factors such as agreements, and strategic expansions, among others.
In July 2014, Koppers Industries Inc., a U.S.-based chemical manufacturing company signed an expansion agreement. The expansion is believed to have helped Koppers Industries in providing new solutions to the phthalic anhydride market in the North American region. Moreover, the expansion increased the customer base of the company, along with the expansion of its product portfolio.
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The major participants operating in the North America phthalic anhydride market are BASF SE (Germany), Exxon Mobil Corporation (U.S.), F Koppers Industries, Inc. (U.S.), Stepan Company (U.S.), Grupo Primex (Mexico), and Sintesis Organicas S.A. De C.V. (Mexico), among others.
