LAMEA Phthalic Anhydride Market

LAMEA Phthalic Anhydride Market Size, Share & Trends Analysis Report By Process (O-Xylene Catalytic Oxidation, and Naphthalene Catalytic Oxidation), By Application, By End-Use, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-20058 Publication Date: February-2024 Number of Pages: 150
Special Offering:
Industry Insights | Market Trends
Highest number of Tables | 24/7 Analyst Support

Analysis of Market Size & Trends

The Latin America, Middle East and Africa Phthalic Anhydride Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 426.6 Kilo Tonnes, showcasing a growth of 5.2% (2023-2030).

The primary raw materials for phthalic anhydride production are ortho-xylene and naphthalene. Fluctuations in the availability and pricing of these feedstocks can significantly impact the overall production cost of this. Manufacturers closely monitor feedstock trends and often adopt strategies to diversify sources to mitigate risks associated with volatility. A complex regulatory environment influences the market. Regulatory standards related to environmental protection, health, and safety can impact production processes, waste disposal practices, and product quality.

Economic conditions on a large scale, including GDP growth, inflation rates, and industrial output, directly impact the demand for products derived from these. Economic downturns can lead to decreased manufacturing activities and subsequently affect the demand for this. Ongoing research and development efforts in the field of phthalic anhydride production technologies can influence market dynamics. Innovations in catalysts, process intensification, and sustainability initiatives are key factors that can enhance production efficiency, reduce costs, and open up new opportunities for market players.

The level of industrialization and overall economic growth in the LAMEA region plays a significant role in the demand for chemicals, including these. Growing industrial activities and infrastructure development contribute to increased consumption. The increasing use of plastics and polymers in various applications, including packaging and consumer goods, contributes to its demand. These materials often require plasticizers in their production. The LAMEA region's integration with the market and trade dynamics influences the availability and pricing of these. Economic trends and demand impact the regional market. Over AED 21 billion was invested in the chemical industry in 2021, according to the Industrial Development Bureau of the United Arab Emirates (UAE). As a result, these aspects will boost the market growth in the coming years.

The Brazil market dominated the LAMEA Phthalic Anhydride Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $172.8 million by 2030. The Argentina market is showcasing a CAGR of 6.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.7% during (2023 - 2030).

Free Valuable Insights: The Worldwide Phthalic Anhydride Market is Projected to reach USD 5.3 Billion by 2030, at a CAGR of 4%

Based on Process, the market is segmented into O-Xylene Catalytic Oxidation, and Naphthalene Catalytic Oxidation. Based on Application, the market is segmented into Plasticizers, Alkyd Resins, Unsaturated Polyester Resins, and Others. Based on End-Use, the market is segmented into Building & Construction, Paints & Coatings, Automotive, Electrical & Electronics, Agriculture, Marine, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now

List of Key Companies Profiled

  • Thirumalai Chemicals Ltd.
  • Mitsubishi Gas Chemical Company, Inc.
  • Asian Paints Limited
  • POLYNT SPA
  • BASF SE
  • Exxon Mobil Corporation
  • Koppers Holdings Inc.
  • UPC Technology Corporation (MiTAC-SYNNEX GROUP)
  • Nan Ya Plastics Corp. (NPC)
  • Stepan Company

LAMEA Phthalic Anhydride Market Report Segmentation

By Process

  • O-Xylene Catalytic Oxidation
  • Naphthalene Catalytic Oxidation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Plasticizers
  • Alkyd Resins
  • Unsaturated Polyester Resins
  • Others

By End-Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Building & Construction
  • Paints & Coatings
  • Automotive
  • Electrical & Electronics
  • Agriculture
  • Marine
  • Others

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo