Global Phthalic Anhydride (PA) Market Forecast: Industry Size, Growth and Analysis Insights

Report ID : 1351001 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Phthalic Anhydride (PA) Market is categorized based on Application (Plasticizers, Unsaturated Polyester Resins (UPR), Alkyd Resins, Coatings, Adhesives) and Type (Phthalic Anhydride (PA) Type 1, Phthalic Anhydride (PA) Type 2, Phthalic Anhydride (PA) Type 3, Phthalic Anhydride (PA) Type 4, Phthalic Anhydride (PA) Type 5) and End-User Industry (Construction, Automotive, Electrical and Electronics, Consumer Goods, Textiles) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Estimated at $6.5 billion in 2023, the Phthalic Anhydride (PA) Market size is forecasted to reach $10.2 billion by 2033, exhibiting a CAGR of 4.6% between 2024 and 2033. The report includes various segments and analyzes key trends and factors that play a significant role in the market.

The PA market has developed into a strategic fragment of the chemical industry owing to its application in plastics, coatings, and resin industries. PA, as one of the key intermediate chemicals, is also used in the manufacture of plasticizers which make polyvinyl chloride (PVC) more flexible and durable. There is growth in the construction, automotive, and consumer goods sectors which is further driving the demand for these materials. This undoubtedly makes the PA market of significant concern and interest for other stakeholders and investors.

In addition to that, regulatory changes are also impacting the market along with increased focus on sustainable business practices. There is greater emphasis on producing green substitutes and process optimization to enhance production efficiency while reducing the ecological footprint. The Phthalic Anhydride market is undergoing changes which ensures regulatory compliance while meeting the needs of consumers who prefer eco-friendly products in the growing globalization of sustainability campaigns.

In this scenario, Phthalic Anhydride market analysis regarding its trends, challenges, and opportunities is important for business undertakings. Our detailed reports and studies are designed to aid specialists in making informed decisions that will allow them to optimally position themselves for growth in this rapidly evolving market and industry.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	BASF SE, ExxonMobil Chemical Company, LG Chem Ltd., Aekyung Petrochemical Co. Ltd., Huntsman Corporation, Mitsubishi Chemical Corporation, Kraton Corporation, I.G. Petrochemicals Ltd., Perstorp Holding AB, Weifang Tenor Chemical Industry Co. Ltd., SABIC
SEGMENTS COVERED	By Application - Plasticizers, Unsaturated Polyester Resins (UPR), Alkyd Resins, Coatings, Adhesives By Type - Phthalic Anhydride (PA) Type 1, Phthalic Anhydride (PA) Type 2, Phthalic Anhydride (PA) Type 3, Phthalic Anhydride (PA) Type 4, Phthalic Anhydride (PA) Type 5 By End-User Industry - Construction, Automotive, Electrical and Electronics, Consumer Goods, Textiles By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

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Phthalic Anhydride (PA) Market Dynamics

The Phthalic Anhydride (PA) Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

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Key Players in the Phthalic Anhydride (PA) Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• BASF SE
• ExxonMobil Chemical Company
• LG Chem Ltd.
• Aekyung Petrochemical Co. Ltd.
• Huntsman Corporation
• Mitsubishi Chemical Corporation
• Kraton Corporation
• I.G. Petrochemicals Ltd.
• Perstorp Holding AB
• Weifang Tenor Chemical Industry Co. Ltd.
• SABIC

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