Phthalic Anhydride

Analysis of the development trend of phthalic anhydride market in 2025: The global market demand for phthalic anhydride is expected to exceed 12 million tons

Phthalic anhydride, also known as phthalic anhydride and phthalic anhydride, is a cyclic anhydride formed by dehydration of phthalic acid molecules. In recent years, the global market demand for phthalic anhydride has shown a trend of continuous increase, and the growth of demand in emerging fields has further promoted market development. The following is an analysis of the development trend of the phthalic anhydride market in 2025.

Analysis of the current status of the phthalic anhydride market

The global demand for phthalic anhydride is expected to continue to grow. The "2025-2030 Global and China Phthalic Anhydride Industry Market Status Survey and Development Prospects Analysis Report" predicts that the global demand in 2025 will exceed 12 million tons, with an annual compound growth rate of about 5%. Traditional fields such as plastics, coatings, plasticizers, etc. are still the main demand, but the demand for phthalic anhydride in emerging fields such as electronics and medicine is growing rapidly. For example, in the electronics industry, phthalic anhydride, as a key component of electronic materials, its demand is closely related to the output of electronic products. It is estimated that by 2025, the demand for phthalic anhydride in emerging application areas will account for more than 10% of the global total demand.

Analysis of the development trend of the phthalic anhydride market shows that in 2023, China's total phthalic anhydride trade volume will increase by 55.7% year-on-year; the total trade amount will increase by US$54.01 million year-on-year, an increase of 58.3%. Among them, the import volume in 2023 will decrease by 84.8% year-on-year; the import amount will decrease by 79.3% year-on-year. The export volume will increase by 140.0%; the export amount will increase by 125.3%. In 2023, the first import method of phthalic anhydride is general trade, accounting for 98.2%; the second is processing trade with imported materials, accounting for 0.8%. The main sources of phthalic anhydride imports are South Korea, Taiwan, China, Japan and other countries or regions. Among them, South Korea's supply accounts for 46.6% of the total import volume; Taiwan's supply accounts for 33.4%; Japan's supply accounts for 18.6%.

During the forecast period of 2022 to 2026, my country is expected to build or expand multiple phthalic anhydride production facilities, including Fujian Fuhua Gulei Chemical (180,000 tons per year), Guizhou Cenwen Chemical (50,000 tons per year), Shandong Hongxin Chemical (50,000 tons per year), etc., which will significantly increase the supply of domestic phthalic anhydride. However, this may also lead to an oversupply of domestic phthalic anhydride products, and the market may face a new round of reshuffle, which will have a significant impact on the domestic phthalic anhydride market price.

Phthalic anhydride market development trend

Analysis of phthalic anhydride market development trend points out that in the field of medicine, phthalic anhydride-derived compounds are used to treat a variety of diseases, providing a strong guarantee for human health. In the field of pesticides, phthalic anhydride is used to synthesize a variety of pesticide active ingredients to protect crops from pests and diseases. At the same time, phthalic anhydride also plays an important role in the fragrance and dye industry. The fragrances involved in the synthesis are widely used in perfumes, cosmetics and daily necessities, while dyes are used for coloring materials such as textiles and plastics.

At present, the global phthalic anhydride market is mainly dominated by countries and regions such as China, the United States, India, Japan and Europe. Among them, China is the world's largest producer and consumer of phthalic anhydride, with its production capacity and output accounting for more than half of the world's total. This is mainly due to China's abundant raw material resources and policy support, which makes phthalic anhydride production cost low and competitive.

The phthalic anhydride industry is developing towards high performance and green environmental protection. Enterprises improve product performance through technological innovation to meet the market demand for low-toxic and environmentally friendly products. For example, the research and application of new environmentally friendly materials such as bio-based phthalic anhydride will become a future trend. It is expected that by 2025, the share of bio-based phthalic anhydride in the global phthalic anhydride market will gradually increase. In addition, with the increasingly stringent environmental protection regulations, the investment in environmental protection facilities of phthalic anhydride production enterprises will continue to increase, promoting the overall environmental protection level of the industry.

In general, while the phthalic anhydride market is growing steadily, it is also facing challenges such as environmental pressure and market competition. It is necessary to continuously improve its own technical level and management capabilities to cope with market changes and challenges.