Global Phthalic Anhydride Market is Expected to Reach USD 9.58 Billion by 2019: Transparency Market Research

Global Phthalic Anhydride Market isGlobal Phthalic Anhydride Market is Expected to Reach USD 9.58 Billion by 2019: Transparency Market Research PR Newswire ALBANY, New York, October 18, 2013 Transparency Market Research has released a new market report titled "Phthalic Anhydride Market for Phthalate Plasticizers, Unsaturated Polyester Resins (UPRs), Alkyd Resins and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" which observes that phthalic anhydride market was valued at USD 6.46 billion in 2012 and is expected to reach USD 9.58 billion by 2019, growing at a CAGR of 5.8% from 2013 to 2019. In terms of volumes, global consumption was over 4.3 million tons in 2012 and is expected to grow at a CAGR of 3.6% from 2013 to 2019. Browse the full report with Complete TOC at http://www.transparencymarketresearch.com/phthalic-anhydride.html Phthalic anhydride (PA) is anhydride of phthalic acid and has a vast range of applications. It is used as a chemical intermediate in the manufacturing of variety of plasticizers and resins. Phthalate plasticizers market is the largest application area for PA followed by market for unsaturated polyester resins (UPR). However, alkyd resins, pigments and dyes are fast growing applications of PA and are expected to gain a significant market share over the next six years. Phthalic anhydride is mainly used in the manufacturing of phthalate plasticizers.