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Tetrahydrophthalic Anhydride - THPA Market is estimated to grow at a CAGR of 3.9% during the forecast period of 2023-2030: Cognitive Market Research
Tetrahydrophthalic Anhydride - THPA Market is estimated to grow at a CAGR of 3.9% during 2023-2030: Cognitive Market Research
- Tetrahydrophthalic anhydride (THPA) is an organic compound with the chemical formula C?H?C?O. It is a cyclic dicarboxylic anhydride that is derived from the reaction of two carboxylic acid molecules with the loss of a molecule of water. THP is a white crystalline solid that is soluble in organic solvents such as acetone, benzene, and toluene.
Tetrahydrophthalic anhydride is an important chemical used primarily as a hardener or curing agent in the production of epoxy resins. Epoxy resins are versatile materials that are widely used in a variety of applications such as adhesives, coatings, and composites due to their excellent mechanical, thermal, and chemical properties. It can also be used in the production of plasticizers, and surfactants, and as a chemical intermediate in the synthesis of other organic compounds.
Summary:
- As per Cognitive Market Research, Global Tetrahydrophthalic Anhydride - THPA market size was $860.2 Million in 2022. Tetrahydrophthalic Anhydride - THPA Industry's Compound Annual Growth Rate will be 3.9% from 2023 to 2030.
"To know more about The Tetrahydrophthalic Anhydride - THPA Market statistics click here: https://www.cognitivemarketresearch.com/tetrahydrophthalic-anhydride---thpa-market-report
Market Dynamics:
• Increasing demand for paints, coating, and adhesives across various industries
The increasing demand for paints, coatings, and adhesives in various end-use industries such as automotive, aerospace, and construction is fuelling the tetrahydrophthalic anhydride (TPA) market. It is used as a curing agent for epoxy resins, which are applied as coatings for metals and other materials. The demand for adhesives and sealants has been increased by the transportation sector due to their lighter and lower-carbon properties. Further, tetrahydrophthalic anhydride is widely adopted as a hardener in the production of thermosetting composites, which are used in various applications including coatings. As the adoption of composites is increasing in industries such as automotive, aerospace, and wind energy, simultaneously the demand for tetrahydrophthalic anhydride market is rapidly growing as well.
• Rapid growth in the construction industry
In the construction sector, there is a growing interest in energy efficiency, savings, and sustainable energy production is driving the demand for environmentally friendly materials. According to economists, in 2021, new home construction grew by around 12.31 %, while existing home sales increased by nearly 8.45%. In buildings, the paints and coatings protect surfaces from different external and environmental factors such as sunlight, ultraviolet light, and corrosion, and are applied to a number of surfaces to improve appearance, corrosion resistance, adhesion, and scratch resistance.
• Rise in usage of composites
Market Segmentation:
Type:
• Purity 97% Type
• Purity 98% Type
• Purity 99% Type
• Others
Application:
• Construction
• Automotive
• Aerospace and Defence
• Agriculture
• Others
The Major Players in Tetrahydrophthalic Anhydride - THPA Market are: Dixie Chemical , Penpet Petrochemical , NAN YA PLASTICS , Yongsan Chemicals , Hanyong , Xiamen Ditai Chemicals , Woowon Sea & Air , Puyang Huicheng , Anhui Meisenbao Chemical , Denka Chemi , Others
Nan Ya Plastics
Nan Ya Plastic Corporation is a chemical company that manufactures and sells plastic products, polyester fibers, petrochemical products, and electronic materials. The products of the company are categorized into four main segments including plastics processing, plastic materials, Fiber products, and electronic materials.
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Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Tetrahydrophthalic Anhydride - THPA Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Tetrahydrophthalic Anhydride - THPA Market Segmentation
1.5.1 Tetrahydrophthalic Anhydride - THPA Market Regional Fragmentation
1.5.1 Tetrahydrophthalic Anhydride - THPA Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Tetrahydrophthalic Anhydride - THPA Market
Chapter 4 Global Tetrahydrophthalic Anhydride - THPA Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Tetrahydrophthalic Anhydride - THPA Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Tetrahydrophthalic Anhydride - THPA Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Tetrahydrophthalic Anhydride - THPA Market Regional Analysis
Chapter 12 North America Tetrahydrophthalic Anhydride - THPA Market Outlook (2018 - 2030)
Chapter 13 Europe Tetrahydrophthalic Anhydride - THPA Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Tetrahydrophthalic Anhydride - THPA Market Outlook (2018 - 2030)
Chapter 15 Latin America Tetrahydrophthalic Anhydride - THPA Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Tetrahydrophthalic Anhydride - THPA Market Outlook (2018 - 2030)
Chapter 17 Research Findings
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To know more about Tetrahydrophthalic Anhydride - THPA Market TOC click here: https://www.cognitivemarketresearch.com/tetrahydrophthalic-anhydride---thpa-market-report#table_of_contents
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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