North America Phthalic Anhydride Market

Press Release   •   Feb 11, 2016 02:17 EST

The North America phthalic anhydride market report defines and segments the concerned market with analysis and forecast of revenue. This market is estimated to cross $797.4 million by 2019, at a CAGR of 3.6% during the forecast period.

Browse through the TOC of North America phthalic anhydride market for an analysis of industry trends, segments & forecasts.

Phthalic Anhydride (PA) is a derivative of phthalic acid, which is either obtained from the oxidation of o-xylene or naphthalene. The switch to o-xylene feedstock was due to the restricted supply of naphthalene as a result of decreasing coke consumption (that resulted in low naphthalene and coal tar production) and the increasing availability of o-Xylene from refineries.

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Phthalic anhydride is manufactured in two forms, namely flakes and molten state. When it comes in contact with water, PA hydrolyzes to form ortho-phthalic acid. PA finds its main applications for plasticization of poly vinyl chloride (PVC) due to its ability to provide flexibility and strength to the compound. In paints & coatings, alkyd resins produced from anhydrides, such as PA and polyols, are used to fix the curing time of the coatings applied.

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The range of performance characteristics of phthalic anhydride has increased, and especially with the advent of new production technologies, it can be used in a vast range of applications. The rise in demand from end-use applications, such as foam, shoe, and film manufacturing industries, has played a significant role in the growth of the phthalic anhydride in the North American region. The market has a lot of potential for phthalic anhydride in the coming years.

The North American market is, however, expected to grow at slower pace during the forecast period of 2014 to 2019, due to the stringent environmental regulations, which are restricting manufacturers from adopting strategies to further expand their businesses.

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