Anhydride Market is basically an organic functional group that has two acyl groups, which is attached to the oxygen atom. The formula of the anhydride is considered as (RC (O)) 2O. Anhydrides are produced by the various process, but anhydride is mainly prepared by the carbonylation of acetate such as maleic anhydride is prepared by the oxidation of benzene or butane. Presently, anhydride available in several types, including acetic anhydride, isobutyric anhydride, maleic anhydride, propionic anhydride, phthalic anhydride, isatoic acid anhydride, and others.
MARKET DYNAMICS
The anhydrides market has witnessed a significant growth owing to factors such as wider application in pesticides, dye & pigments, plasticizer, additives, flavors, and others for the end-use industries, such as construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and others. There is an increasing demand for anhydride from the APAC region, mainly from countries such as China, India, and Japan. Japan and China are the majority of anhydride consumers. Furthermore, the unhindered spree of improvements in chemical testing and analysis at the research end is a positive sign for market growth. However, regulations on various chemicals may hamper the growth of the anhydrides market. Nevertheless, with the steady growth in organic chemistry and the chemical industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Anhydrides Market Analysis to 2028? is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the anhydrides market with detailed market segmentation by composition, type, application, end-use industry, and geography. The global anhydrides market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading anhydrides market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global anhydrides market is segmented on the basis of composition, type, application, and end-use industry. On the basis of composition, the anhydrides market is segmented into organic and inorganic. Based on type, the anhydrides market is segmented into acetic anhydride, maleic anhydride, isobutyric anhydride, propionic anhydride, phthalic anhydride, isatoic acid anhydride, and others. The anhydrides market on the basis of the application is classified into pesticides, plasticizer, dye & pigments, additives, flavors, and others. On the basis of end-use industry, global anhydrides market is bifurcated into construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global anhydrides market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The anhydrides market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the anhydrides market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the anhydrides market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global anhydrides market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from anhydrides market are anticipated to lucrative growth opportunities in the future with the rising demand for anhydrides in the global market. Below mentioned is the list of few companies engaged in the anhydrides market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the anhydrides market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Chevron Phillips
- Dow Chemical
- E. I. du Pont de Nemours and Company
- EMS-GRIVORY
- Koninklijke DSM N.V.
- Lanxess Aktiengesellschaft
- LyondellBasell Industries N.V.
- SABIC
- Solvay S.A.
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