Europe Phthalic Anhydride Market is Expected to has witnessed strong growth in the past few years

Europe, March 10, 2015 (Newswire.com) - The European phthalic anhydride market, along with its applications, has witnessed strong growth in the past few years, which is estimated to decline in the coming years. Phthalic anhydride is one of the basic organic chemical raw materials widely used in plastic, paints & coatings, dyes, building & construction, pharmaceuticals, and rubber industries. Diversified applications of phthalic-based plasticizers in a broad spectrum of industries is the major reason for the soaring demand of plasticizers in Europe; the consumer shift towards sustainable products impacts the demand for phthalic anhydride and its applications in various industries.

This market is experiencing moderate growth, which is expected to continue in the near future, mainly affected by highly growing countries such as Germany, The Netherlands, Italy, Turkey, France, Austria, Poland, Spain, the U.K., and others regions, and intense efforts at the country level to promote environment-friendly and recyclable products. Considerable amounts of investments are made by various market players to serve the phthalic-free/ low-phthalic based products in various industries in future. Germany is the main phthalic anhydride market that accounted for about 36% of the market share of the total European phthalic anhydride market demand in 2014. The region is further expected to display moderate growth in future, mainly due to the high growth potential of phthalic-based plasticizers in the German market.

The European phthalic anhydride market, along with its applications, has witnessed strong growth in the past few years, which is estimated to decline in the coming years

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 North America Phthalic Anhydride Market

The North America phthalic anhydride market, along with its applications, has witnessed a strong growth in the past few years and this growth is estimated to decline 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. The diversified applications of phthalic-based plasticizers in a broad spectrum of industries are among the major reasons behind the soaring demand for phthalic anhydride in North America. In addition, the consumer shift towards sustainable products is impacting the demand for phthalic anhydride and its applications in various industries.

The North America phthalic anhydride market is experiencing moderate growth, which is expected to continue in the near future, mainly affected by the high growth of the U.S., Canada, and Mexico market segments, and the intense efforts at country-level to promote environment-friendly and recyclable products. A considerable amount of investments are made by various market players to serve the phthalic- free/ low-phthalic based products in various industries in the future. The U.S. region is the main market for phthalic anhydride in North America, having accounted for 80% share of the North America phthalic anhydride market demand in 2014. The region is further expected to show a high growth in the future, mainly due to the high growth potential of the phthalic-based plasticizers in the U.S. markets.

Asia-Pacific Phthalic Anhydride Market

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.

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