The Europe Phthalic Anhydride Market would witness market growth of 3.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 371.9 Kilo Tonnes, showcasing a growth of 2.5% (2019-2022).
DEP is a common plasticizer derived from phthalic anhydride. It is extensively used to produce flexible polyvinyl chloride (PVC) materials. DEP imparts flexibility and durability to PVC, making it suitable for vinyl flooring, cable insulation, and synthetic leather applications. Another important plasticizer, DOP, is widely employed in manufacturing PVC products, including wire and cable insulation, films, and medical devices. It enhances the flexibility and workability of PVC without compromising its mechanical properties.
It is a key component in the production of UPR, which is used to manufacture fiberglass-reinforced plastics. Due to its superior erosion resistance and mechanical stability, UPR is employed in diverse applications such as construction materials, marine products, automotive parts, and consumer goods. The condensation of this with polyols and fatty acids results in alkyd resins. These resins are widely used in coatings formulation, including paints and varnishes. Alkyd resins provide a durable finish with good adhesion, making them suitable for automotive, construction, and furniture applications.
The automotive industry is a significant consumer of these materials, particularly in producing interior components and coatings. As the automotive sector expands in the UK, it adopts innovative materials. Stringent environmental regulations in Europe drive the adoption of environmentally friendly and low-VOC (volatile organic compound) formulations in various industries. These suppliers may benefit from providing solutions that comply with these regulations. German manufacturers specializing in marine equipment may benefit from expanding the marine sector. This is a key component in producing polyester resins, commonly used in boat manufacturing. These resins contribute to the construction of fiberglass-reinforced plastic (FRP) boats. Due to the aforementioned factors the market growth will drive in this region.
The Germany market dominated the Europe Phthalic Anhydride Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $266.7 million by 2030. The UK market is exhibiting a CAGR of 2.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 3.9% during (2023 - 2030).
Free Valuable Insights: The Global Phthalic Anhydride Market will Hit $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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Process
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 