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  According to Market Research Future (MRFR), the market of Phthalic Anhydride Market is projected to expand at a CAGR of 4.63% while acquiring a value of USD 7.9 Billion by 2030. Phthalic anhydride is an essential chemical medium in the plastics industry from which are obtained numerous phthalate esters that work as plasticizers in synthetic resins. Phthalic anhydride is consumed as a monomer for synthetic resins such as alkyd resins, glyptal, and polyester resins. The use of phthalic anhydride has been documented in marine, construction, and transportation markets as well. The occurrence of COVID-19 had brought an off-putting impact on the phthalic anhydride industry due to the imposition of lockdowns in several regions. Numerous end-use sectors were briefly shut down to stop the virus’s coverage, which impacted the Phthalic Anhydride Market Share . The increasing need for goods that comprise phthalic anhydride in multiple end-use industries, such as medical devices, paint coati...

 According to Market Research Future (MRFR), the market of Phthalic Anhydride Market is projected to expand at a CAGR of 4.63% while acquiring a value of USD 7.9 Billion by 2030. Phthalic anhydride is an essential chemical medium in the plastics industry from which are obtained numerous phthalate esters that work as plasticizers in synthetic resins. Phthalic anhydride is consumed as a monomer for synthetic resins such as alkyd resins, glyptal, and polyester resins. The use of phthalic anhydride has been documented in marine, construction, and transportation markets as well. The occurrence of COVID-19 had brought an off-putting impact on the phthalic anhydride industry due to the imposition of lockdowns in several regions. Numerous end-use sectors were briefly shut down to stop the virus’s coverage, which impacted the Phthalic Anhydride Market Share .  The increasing need for goods that comprise phthalic anhydride in multiple end-use industries, such as medical devices, paint...

Phthalic Anhydride Market Share  Phthalic anhydride, a commercial form of phthalic oil, is used in the manufacture of insecticides, plasticizers, dyes, and resins. Its application in alkyd resins, phthalate plasticizers, and unsaturated polyester resins can widen its scope. The global phthalic anhydride market report by Market Research Future (MRFR) contains a thorough analysis of the industry and estimates projections of revenue and volume for the period of 2019 to 2025 (forecast period). It also contains the impact of the COVID-19 pandemic during the forecast period. The global  Phthalic Anhydride Market  is projected to register a CAGR of 4.2% to reach a size of USD 7,213.7 million by 2025. It is primarily driven by the use of plasticizers to enhance the flexibility of polyvinyl chloride (PVC). The application of the chemical in electrical electronics, building construction, automotive, and other industries can drive the market demand over the forecast period. Characte...