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Asia-Pacific Phthalic Anhydride Market to reach $5,572.8 million by 2018 at a CAGR of 6.2% from 2013 to 2018
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MicroMarket Monitor World’s 1st Real Time Market Intelligence Forecasts The Asia-Pacific Phthalic Anhydride Market is expected to reach $5,572.8 million by 2018
Asia-Pacific Phthalic Anhydride Market to reach $5,572.8 million by 2018 at a CAGR of 6.2% from 2013 to 2018 • The Asia-Pacific Phthalic Anhydride Market report defines the market with respect to an analysis of the growth trends and revenue forecasts.
Browse through the TOC of the Asia-Pacific Phthalic Anhydride Market report to get an idea of the in-depth analysis and market segmentation supported by various tables and figures. http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride-2887780714.html
Phthalic anhydride (PA) is a derivative of phthalic acid, which is obtained from the oxidation of o-Xylene or naphthalene. • A stringent supply of naphthalene has arisen due to the decreasing coke consumption (resulting in low naphthalene and coal tar production). • On the other hand, the increasing availability of o-Xylene from refineries has led to the switch to o-Xylene feed stock. PA is manufactured in two forms: flakes and in the molten state. http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride-2887780714.html
According to the report, PA finds its main application in the plasticization of poly vinyl chloride (PVC) due to its ability to provide flexibility and strength to the compound. • In paints and coatings, alkyd resins produced from anhydrides, such as PA and polyols are used to fix the curing time of the coating applied. • According to the report findings, the global PA market is driven by the rising demand from Asia-Pacific and other emerging markets. http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride-2887780714.html
The Asia-Pacific phthalic anhydride market is projected to grow with China and India witnessing the fastest growth in the demand for PVC, owing to rapid development of the construction and transportation sector. • Industrial growth in emerging regions is expected to create potential opportunities for the growth and demand of these products in the near future. http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride-2887780714.html
In addition, growth in the demand for and applications of alkyd resins is also expected to influence the overall market in the years to come. • An increasing demand for polyester polyols is considered to be a vital factor that boosts business opportunities for the established as well as potential players in the market. • However, toxicity of the phthalates and rebuilding consumer faith remain major challenges for key players in the industry. http://www.micromarketmonitor.com/market/asia-pacific-phthalic-anhydride-2887780714.html
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