Phthalic Anhydride Prices, News, Supply and Demand | ChemAnalyst

1
Phthalic Anhydride Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Market Overview Quarterly Update on Global
Phthalic Anhydride Market Asia   As several
plants that were earlier under turnaround resumed
production, supply for Phthalic Anhydride (PA)
considerably improved with respect to the
previous quarter. The domestic demand in China
took a positive turn by the end of September,
while exports from the country viably reduced as
manufacturers were keen towards catering to the
local downstream demand. Get more info
https//www.chemanalyst.com/Pricing-data/phthalic-
anhydride-48
2
Phthalic Anhydride Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Traders expressed optimism over the mega
infrastructure campaign organized by the Chinese
government to revive the looming construction
industry, which is expected to contribute well
for surging the demand for PA by the end next
quarter. As the demand fundamentals were steady,
around 1000 tonnes of the material from Northeast
Asia was sold to China. PA cargoes from the
Northeast Asia were sold at USD 600 per tonne in
the late-September to early October period. With
the permanent shutdown of Koreas LG Chemical PA
unit in August, the region suffered a loss of 60
tonnes per year production capacity that in long
run is anticipated to create a considerate
demand-supply gap in Asia.   North
America   Supply of Phthalic Anhydride in the US
remained sufficient with respect to the regional
demand. Although supply of feedstock Orth-Xylene
was disrupted by the maintenance at the key trade
route of Illinois river which started in July and
is expected to last till late October. This did
not hamper the production of PA immediately as
majority of manufacturers had already stockpiled
enough cargoes of feedstock till the year end.
Demand from the paint and coatings segment
appreciably picked up with increase in number of
remodeling and construction projects during the
indefinite lockdown period. However, offtakes
from the automotive industry remained dampened
amid consistent increment in unemployment rate
and reduced expenditure on consumer
goods.   Europe   Lockdown induced in the second
quarter continued to weigh over the market
fundamentals of the European Phthalic Anhydride
till mid of July due to high inventories of PA.
In August, the condition marginally improved with
a long maintenance turnaround in a large-scale PA
plant. By the end of September, regional Phthalic
Anhydride market witnessed much needed revival,
supported the strong downstream demand form the
UPR segment. After the slow crawl in July-August
period, PA demand recovery was fast pace, far
above the market expectations.
3
Phthalic Anhydride Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/

• How we can help
• ChemAnalyst addresses the key problematic areas
  and risks associated with chemical and
  petrochemical business globally and enables the
  decision-maker to make smart choices. It
  identifies and analyses factors such as
  geopolitical risks, environmental risks, raw
  material availability, supply chain
  functionality, disruption in technology and so
  on. It targets market volatility and ensures
  clients navigate through challenges and pitfalls
  in an efficient and agile manner. Timeliness and
  accuracy of data has been the core competency of
  ChemAnalyst, benefitting domestic as well as
  global industry in tuning in to the real-time
  data points to execute multi-billion-dollar
  projects globally.
• Methodology
• ChemAnalyst gathers information through primary
  research surveys conducted with various Phthalic
  Anhydride manufacturers, spread across
  the domestic and international market, suppliers
  and dealers/distributors to gain insights
  into value-chains and demand-supply scenario to
  assess the market situation. Thorough study of
  companys annual reports and secondary sources
  such as exhaustive search on credible paid
  databases, including our internal database is
  done to verify the information. All the collected
  information is analyzed, evaluated and presented
  in chronological order to depict a meaningful and
  clear picture of the concerned market.
•  
• Our dedicated team of industry experts
  comprehensively monitors and analyzes various
  aspects of the Global Phthalic Anhydride market.
  The team analyzes various industrial segments,
  strategic viewpoints and provides an analysis of
  the industrys performance in the long run. This
  would enable our clients in efficiently plan
  their future investments, mitigate risk,
  understand the cost dynamics and strike out a
  balance amidst market volatility.
•  
• Critical examination of the impact of COVID-19
  pandemic on the global supply chains and shift in
  demand patterns with change in buying behavior of
  consumers across the globe.
•  

4
Phthalic Anhydride Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Several ongoing development projects across
industries are tracked, followed by the details
of major projects in the development stage, which
can positively or negatively influence Global
Phthalic Anhydride market. Pricing is captured
through exhaustive primary interviews with
domestic and international manufacturers, traders
and importers and customers on daily, weekly,
monthly and yearly basis.   Finally, region-specif
ic markets for Phthalic Anhydride are analyzed
and region-wise demand pattern is
tracked. About Phthalic Anhydride is a white
crystalline organic chemical compound, partially
soluble in hot water and completely soluble in
carbon disulphide and alcohol. It is highly
reactive with strong oxidants and shows a
hazardous reaction when heated with sodium
nitrate or copper oxide. For commercial usage,
Phthalic Anhydride is of the purity range between
99.8-99.9 and is available as flakes as well as
in molted form. It mainly utilized for producing
unsaturated polyester resins, phthalate
plasticizers and alkyd resins.  Plasticizers hold
maximum share of the Phthalic Anhydride demand as
of 2020, followed by unsaturated polyester resins
(UPR). Major end-user industries of Phthalic
Anhydride include machinery, construction,
marine, transportation, dyes and pigments etc.
Phthalic Anhydride was conventionally
manufactured by the oxidation of Naphthalene in
highly concentrated Sulphuric Acid, under the
presence of Mercury Sulphate as a catalyst. At
present, the process has been modified, and the
production of Phthalic Anhydride is achieved
through the oxidation of Naphthalene in the vapor
phase using vanadium oxide as a catalyst.