The Asia-Pacific Phthalic Anhydride Market is expected to reach $5,572.8 million by 2018

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Worlds 1st Real Time Market Intelligence
MicroMarket Monitor
Forecasts

• The Asia-Pacific Phthalic Anhydride Market is
  expected to reach 5,572.8 million by 2018

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• Asia-Pacific Phthalic Anhydride Market is
  estimated to reach 5,572.8 million by 2018 at a
  CAGR of 6.2 from 2013 to 2018. According to the
  report findings, the global PA market is driven
  by the rising demand from Asia-Pacific and other
  emerging markets.
• 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.

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• 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). PA is
  manufactured in two forms flakes and in the
  molten state. 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.

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• Industrial growth in emerging regions is expected
  to create potential opportunities for the growth
  and demand of these products in the near future.
  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.

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• Key Players in the Asia-Pacific Phthalic
  Anhydride Market are Shandong Hongxin Chemical Co
  Ltd (China), Zhenjiang Union Chemical Industry
  Co. Ltd. (China), Nan Ya Plastics Corporation
  (U.S.).
• In Asia-Pacific, phthalic anhydride is applied in
  alkyd resin, plasticizers, and unsaturated
  polymers. This report includes market shares and
  value chain analyses, along with market metrics
  such as drivers and restraints. In addition, it
  presents a competitive landscape and company
  profiles of the key players in this market.

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