Phthalic Anhydride Market ,COVID19 impact on Industry and Outlook 2030
According to Market Research Future (MRFR), the market for Phthalic Anhydride Market is projected to expand at a CAGR of 4.63% while acquiring a value of USD 7.9 Billion by 2030. Market Scope It is primarily driven by the use of plasticizers to enhance the flexibility of polyvinyl chloride (PVC). The application of chemicals in electrical & electronics, building & construction, automotive, and other industries can drive the market demand over the forecast period. Characteristics of dimensional stability, non-flammability, moisture & abrasion resistance, and strength can facilitate the market demand greatly. Rapid industrialization and modernization of infrastructure can act as catalysts for accelerating market demand. However, adverse effects to the human body caused due to exposure to phthalic anhydride can deter its market prospects. However, regulations pertaining to the restriction of the use of phthalates can hamper the market growth. Get a Free Sample PDF ...