The largest market for phthalic anhydride is in the manufacture of phthalate plasticizers, which consumed nearly 53% of all phthalic anhydride consumed in 2014. Asia is the largest consumer of phthalic anhydride for the production of plasticizers, accounting for about 61% of consumption. China is the worlds largest consumer of phthalic anhydride for phthalate plasticizers. The next-largest markets for phthalic anhydride outside of Asia are in Western Europe and North America.
The second-largest market for phthalic anhydride is for the manufacture of alkyd resins, which accounted for about 21% of all phthalic anhydride consumed in 2014. Again, Asia is the largest consumer of phthalic anhydride for this application, accounting for about 67% of consumption. China is the worlds largest consumer of phthalic anhydride for alkyd resins, with a 43% share. The next-largest markets for phthalic anhydride outside of Asia are Western Europe, North America, and the Middle East.
Demand in most downstream markets for phthalic anhydride is greatly influenced by general economic conditions. As a result, demand largely follows the patterns of the leading world economies. Consumption of phthalic anhydride depends heavily on construction/remodeling activity (residential and nonresidential), automotive production, and original equipment manufacture.
For plasticizers, Asia (China, India) and Western Europe will be the leaders in volume growth; a robust economy in Asia for domestic and export markets and the expected commissioning of esterification units for the production of di-(2-propylheptyl) phthalate (DPHP) in Asia during 2014–16 are the main factors for increased demand for phthalic anhydride for plasticizers.
North American consumption of phthalic anhydride for plasticizers is forecast to grow at an average annual rate of 1.4% during the next five years; improved demand in construction and remodeling markets, especially in the United States, will support overall demand growth.
Demand for phthalic anhydride in alkyd resins is expected to grow at about 2.4% per year for the next five years. Above-average growth is expected in Asia, particularly in India, China, and Southeast Asia. Below-average growth is forecast for Japan, Taiwan, and South Korea. Outside of Asia, the Middle East is expected to be the largest volume growth market in this application.
World consumption of phthalic anhydride is forecast to grow at an average annual rate of 2.4% per year for the next five years to 2019. During this time, world growth in the consumption of phthalic anhydride is expected to vary greatly by application and region.
End use market:
Alkyd resin and coating
Pigments and dyes
Common uses and applications :
Flexible tubing and containers in the medical industry
Wire coating and insulation
Commerical and residential paint coatings
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