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US Phthalic Anhydride Market

ID: MRFR/CnM/13025-HCR
100 Pages
Chitranshi Jaiswal
October 2025

US Phthalic Anhydride Market Research Report: By Derivative (Phthalate Esters, Phthalimide, Phthalein, Phenolphthalein, Others), By Application (Plasticizers, Unsaturated Polyester Resin, Alkyd Resin, Flame Retardants, Dyes and Pigments, Others) and By End-Use Industry (Building & Construction, Automotive, Electrical & Electronics, Healthcare, Agriculture, Others) - Forecast to 2035

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Summary Table of Contents Segmentation Download PDF

US Phthalic Anhydride Market Summary

As per analysis, the US phthalic anhydride market is projected to grow from USD 0.733 Billion in 2025 to USD 1.04 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.6% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US phthalic anhydride market is poised for growth driven by evolving industry demands and regulatory landscapes.

  • The plasticizers segment remains the largest contributor to the US phthalic anhydride market, reflecting its widespread application in various industries.
  • The coatings segment is currently the fastest-growing area, driven by increasing demand for high-performance and environmentally friendly products.
  • Technological advancements in production processes are likely to enhance efficiency and reduce environmental impact, aligning with sustainability trends.
  • Growing demand in end-use industries, particularly in construction and automotive, alongside regulatory compliance, appears to be key market drivers.

Market Size & Forecast

2024 Market Size 0.708 (USD Billion)
2035 Market Size 1.04 (USD Billion)
CAGR (2025 - 2035) 3.6%

Major Players

BASF SE (DE), ExxonMobil Chemical Company (US), Eastman Chemical Company (US), Lanxess AG (DE), Aekyung Petrochemical Co., Ltd. (KR), Kraton Corporation (US), Mitsubishi Chemical Corporation (JP), Oxitol (US)

US Phthalic Anhydride Market Trends

The US phthalic anhydride market is currently experiencing a period of transformation, driven by various factors that influence demand and supply dynamics. The increasing utilization of phthalic anhydride in the production of plasticizers, particularly in the manufacturing of polyvinyl chloride (PVC), appears to be a primary driver of market growth. Additionally, the rising focus on sustainable practices and the development of bio-based alternatives may reshape the landscape of this sector. As industries seek to reduce their environmental footprint, the demand for eco-friendly products could potentially alter the traditional applications of phthalic anhydride. Moreover, regulatory frameworks in the United States are evolving, which may impact the production and usage of phthalic anhydride. Stricter environmental regulations could lead to a shift in manufacturing processes, prompting companies to invest in cleaner technologies. This transition may not only affect operational costs but also influence market competitiveness. Overall, the US phthalic anhydride market seems poised for change, with both challenges and opportunities on the horizon as stakeholders navigate this complex environment.

Sustainable Alternatives

The US phthalic anhydride market is witnessing a growing interest in sustainable alternatives. As environmental concerns gain prominence, manufacturers are exploring bio-based options that could replace traditional phthalic anhydride. This trend indicates a potential shift in production methods, aligning with broader sustainability goals.

Regulatory Impacts

Regulatory changes in the United States are likely to influence the phthalic anhydride market significantly. Stricter environmental regulations may compel manufacturers to adopt cleaner technologies and practices. This shift could reshape the competitive landscape, as companies adapt to comply with new standards.

Technological Advancements

Technological innovations are playing a crucial role in the US phthalic anhydride market. Advances in production techniques may enhance efficiency and reduce waste. These developments could lead to cost savings and improved product quality, positioning companies favorably in a competitive market.

Market Segment Insights

By Application: Plasticizers (Largest) vs. Coatings (Fastest-Growing)

In the US phthalic anhydride market, the application segment is primarily dominated by plasticizers, which hold the largest market share. Plasticizers are extensively used in manufacturing flexible PVC products and, as a result, have a significant presence in various industries. Following plasticizers, coatings emerge as a rapidly growing segment due to increasing demand for protective coatings in several sectors including automotive and construction. The widespread utility of phthalic anhydride in these applications positions it as a crucial component in the market. The growth trends within the application segment highlight the momentum in coatings, which are witnessing heightened demand driven by advancements in technology and an increased focus on environmental regulations. Moreover, the rise in infrastructure development and construction activities further catalyzes the demand for protective coatings. In contrast, while plasticizers continue to dominate the market, they are facing challenges from bio-based alternatives that are gaining traction. Overall, the application segment reflects a dynamic landscape with shifting drivers influencing growth patterns across plasticizers and coatings.

Plasticizers (Dominant) vs. Inks (Emerging)

Plasticizers remain the dominant application in the US phthalic anhydride market, largely due to their critical role in enhancing the flexibility, durability, and performance of PVC materials. Their widespread use across multiple industries, including construction, automotive, and consumer goods, solidifies their market position. On the other hand, inks are emerging as a notable application of phthalic anhydride due to the growing demand for high-quality printing inks in sectors such as packaging and commercial printing. The shift towards digital printing technologies and eco-friendly ink formulations is fostering innovation within this segment, paving the way for further growth. While plasticizers anchor the market, inks are positioned to capture increasing interest, reflecting the evolving demands of end-users.

By End Use Industry: Construction (Largest) vs. Automotive (Fastest-Growing)

In the US phthalic anhydride market, the end-use industry segmentation reveals that construction holds the largest share. This is largely due to the significant demand for phthalic anhydride in the manufacturing of plasticizers, which are essential for enhancing the flexibility and durability of construction materials. Furthermore, the automotive sector, while currently smaller in market share, is proving to be the fastest-growing segment as it increasingly utilizes phthalic anhydride in the production of lightweight, durable materials that meet modern vehicle standards. Looking at growth trends, the construction industry's demand is driven by ongoing investments in infrastructure and residential projects. On the other hand, the automotive sector is experiencing a transformation with increased manufacturing of electric vehicles and advanced composites, which leverage phthalic anhydride for improved performance. This shift underscores the escalating focus on sustainability and efficiency in vehicle design, which anticipates continued growth in this segment over the coming years.

Construction (Dominant) vs. Automotive (Emerging)

The construction industry represents the dominant segment in the US phthalic anhydride market, characterized by a robust demand for materials that enhance structural integrity and longevity. Phthalic anhydride is integral for producing plasticizers that improve the workability and flexibility of construction materials such as PVC and other polymers. Conversely, the automotive industry is emerging rapidly due to the need for lower weight and higher fuel efficiency, making phthalic anhydride a key component in modern automotive design. Both segments showcase the versatile applications of phthalic anhydride; however, the automotive segment is progressively expanding its influence by innovating applications within electric and hybrid vehicle manufacturing, thus representing a future growth trajectory in the market.

By Production Method: Catalytic Oxidation (Largest) vs. Thermal Oxidation (Fastest-Growing)

In the US phthalic anhydride market, the production methods show varied market share distributions among the segment values. Catalytic oxidation dominates the sector, capturing a significant portion of the market due to its efficiency and higher yields. In contrast, thermal oxidation, although currently smaller in market share, is on a strong upward trajectory, driven by advancements in technology and increasing demand for more efficient production methods.

Synthesis: Catalytic Oxidation (Dominant) vs. Thermal Oxidation (Emerging)

Catalytic oxidation is widely acknowledged as the dominant method for synthesizing phthalic anhydride, primarily owing to its operational efficiencies and consistent product quality. This method benefits from optimized reactions at lower temperatures, leading to reduced energy consumption. In contrast, thermal oxidation is emerging as a viable alternative with rapid growth prospects. It is being increasingly adopted due to its ability to utilize lower-grade raw materials, providing a cost-effective solution. As environmental regulations tighten, both methods are under scrutiny, pushing for innovations in process efficiency and sustainability.

By Form: Solid (Largest) vs. Liquid (Fastest-Growing)

In the US phthalic anhydride market, the segment distribution reveals that solid form dominates, accounting for a significant portion of the total market share. This form is traditionally favored due to its ease of handling, stability during storage, and versatility in various industrial applications such as plastics and resins. Conversely, the liquid form is emerging as a competitive alternative, gradually increasing its share especially in sectors requiring quick processing times and efficient mixing capabilities. The growth trends within the phthalic anhydride forms segment indicate a robust demand for liquid phthalic anhydride, primarily driven by the rising manufacturing output in the automotive and construction sectors. As industries shift towards more sustainable practices, the liquid form is increasingly preferred for its efficiency and application in lower energy cost production processes. This trend suggests a significant shift in consumer preferences, placing liquid phthalic anhydride on a path of rapid growth in the coming years.

Solid (Dominant) vs. Liquid (Emerging)

The solid form of phthalic anhydride maintains a dominant position in the market due to its established presence in a variety of applications, particularly in the production of plasticizers and other polyvinyl chloride (PVC) products. It is characterized by its solid-state stability and ease of transportation, making it a reliable choice for manufacturers. In contrast, the liquid form, while still emerging, is gaining traction through its adaptability in formulating resins and coatings that require quick curing times. The increased focus on low-energy production techniques has made the liquid form attractive due to its enhanced efficiency in processing. As innovation continues to reshape the industry landscape, both forms will likely adapt to meet evolving client needs, balancing stability with responsiveness.

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Key Players and Competitive Insights

The phthalic anhydride market exhibits a competitive landscape characterized by a blend of established players and emerging companies, driven by increasing demand in various applications such as plastics, resins, and coatings. Key growth drivers include the rising need for high-performance materials and the ongoing shift towards sustainable production methods. Major companies such as BASF SE (Germany), ExxonMobil Chemical Company (US), and Eastman Chemical Company (US) are strategically positioned to leverage their extensive R&D capabilities and global reach. Their operational focus on innovation and sustainability initiatives appears to shape the competitive environment, fostering a landscape where technological advancements and eco-friendly practices are paramount.

In terms of business tactics, companies are increasingly localizing manufacturing to enhance supply chain efficiency and reduce operational costs. The market structure is moderately fragmented, with a mix of large multinational corporations and smaller regional players. This fragmentation allows for diverse competitive strategies, as key players like Lanxess AG (Germany) and Kraton Corporation (US) adopt tailored approaches to meet local market demands while optimizing their global supply chains.

In November 2025, BASF SE (Germany) announced the launch of a new phthalic anhydride production facility in Texas, aimed at increasing its output capacity by 20%. This strategic move is likely to enhance BASF's market share in North America, allowing the company to better serve its customers with localized production and reduced lead times. The investment underscores BASF's commitment to meeting the growing demand for high-quality phthalic anhydride in the region.

In October 2025, ExxonMobil Chemical Company (US) revealed a partnership with a leading technology firm to develop advanced catalysts for phthalic anhydride production. This collaboration is expected to improve production efficiency and reduce environmental impact, aligning with ExxonMobil's sustainability goals. The integration of cutting-edge technology into their production processes may provide ExxonMobil with a competitive edge in an increasingly eco-conscious market.

In September 2025, Eastman Chemical Company (US) expanded its product portfolio by introducing a bio-based phthalic anhydride variant, which is derived from renewable resources. This innovation not only caters to the growing demand for sustainable materials but also positions Eastman as a leader in the transition towards greener chemical solutions. The introduction of bio-based products could potentially reshape consumer preferences and drive market growth in the coming years.

As of December 2025, current competitive trends in the phthalic anhydride market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are increasingly shaping the landscape, fostering collaboration that enhances innovation and operational efficiency. The shift from price-based competition to a focus on technological advancements and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to innovate and adapt to evolving market demands.

Key Companies in the US Phthalic Anhydride Market market include

Industry Developments

In recent developments within the US Phthalic Anhydride Market, manufacturers like Lanxess and BASF have been adapting operations to meet growing demand driven by applications in plastics, coatings, and pharmaceuticals. ExxonMobil reported production capacity expansions to align with increasing market needs as of September 2023. Huntsman Corporation has also focused on improving sustainability in its production processes. Regarding mergers and acquisitions, in October 2023, DIC Corporation announced its acquisition of an advanced chemical business, aimed at enhancing its portfolio in the specialty chemicals sector, which includes Phthalic Anhydride products. Additionally, Ineos is actively seeking partnerships to bolster its market presence.

The market valuation has seen notable growth, significantly impacting the profitability of key players like Eastman Chemical and Kraton Corporation. Over the last two to three years, fluctuations in raw material prices and regulatory changes in emissions have also influenced market dynamics, with particular emphasis on compliance and innovation in production technologies. Manufacturers are now looking for strategic collaborations to navigate these challenges effectively.

Future Outlook

US Phthalic Anhydride Market Future Outlook

The US phthalic anhydride market is projected to grow at a 3.6% CAGR from 2024 to 2035, driven by increasing demand in plastics, coatings, and automotive sectors.

New opportunities lie in:

  • Expansion into bio-based phthalic anhydride production methods.
  • Development of high-performance plasticizers for specialty applications.
  • Strategic partnerships with automotive manufacturers for tailored solutions.

By 2035, the market is expected to solidify its position as a key player in the chemical industry.

Market Segmentation

US Phthalic Anhydride Market Form Outlook

  • Solid
  • Liquid
  • Powder

US Phthalic Anhydride Market Application Outlook

  • Plasticizers
  • Resins
  • Coatings
  • Adhesives
  • Inks

US Phthalic Anhydride Market End Use Industry Outlook

  • Construction
  • Automotive
  • Electronics
  • Consumer Goods
  • Textiles

US Phthalic Anhydride Market Production Method Outlook

  • Phthalic Anhydride Synthesis
  • Catalytic Oxidation
  • Thermal Oxidation
  • Recycling Processes

Report Scope

MARKET SIZE 20240.708(USD Billion)
MARKET SIZE 20250.733(USD Billion)
MARKET SIZE 20351.04(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)3.6% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledBASF SE (DE), ExxonMobil Chemical Company (US), Eastman Chemical Company (US), Lanxess AG (DE), Aekyung Petrochemical Co., Ltd. (KR), Kraton Corporation (US), Mitsubishi Chemical Corporation (JP), Oxitol (US)
Segments CoveredApplication, End Use Industry, Production Method, Form
Key Market OpportunitiesGrowing demand for sustainable plasticizers in the US phthalic anhydride market presents significant opportunities.
Key Market DynamicsRegulatory shifts and sustainability trends drive innovation and competition in the US phthalic anhydride market.
Countries CoveredUS

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FAQs

What is the projected market size of the US Phthalic Anhydride Market in 2024?

The projected market size of the US Phthalic Anhydride Market in 2024 is estimated to be valued at 826.0 million USD.

What will be the market size of the US Phthalic Anhydride Market in 2035?

In 2035, the US Phthalic Anhydride Market is expected to reach a valuation of approximately 1380.68 million USD.

What is the expected CAGR for the US Phthalic Anhydride Market from 2025 to 2035?

The expected CAGR for the US Phthalic Anhydride Market from 2025 to 2035 is 4.781%.

Which derivative of Phthalic Anhydride is projected to have the largest market share in 2035?

Phthalate Esters is anticipated to have the largest market share, projected at 510.0 million USD in 2035.

Who are some of the major players in the US Phthalic Anhydride Market?

Major players in the US Phthalic Anhydride Market include organizations such as Lanxess, ExxonMobil, BASF, and Huntsman Corporation.

What was the value of the Phthalimide derivative in the market in 2024?

The Phthalimide derivative in the US Phthalic Anhydride Market was valued at 120.0 million USD in 2024.

What growth opportunities exist in the US Phthalic Anhydride Market?

The market presents opportunities driven by increasing demand in sectors like plastics and coatings.

What is the projected value for Phenolphthalein in the market by 2035?

The projected value for Phenolphthalein in the US Phthalic Anhydride Market by 2035 is 130.0 million USD.

How significant is the role of AOC Resins in the US Phthalic Anhydride Market?

AOC Resins is among the key players, contributing to the innovations and competition in the market.

What market challenges may impact the growth of Phthalic Anhydride derivatives?

Challenges may arise from regulatory changes and shifts in consumer preferences impacting traditional applications.

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