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Anhydrides Market Research Report by Application, End User, Product Type, Geography, and by Composition - Forecast 2017-2025
Wide applications of anhydrides for production of dyes, surface active agents, lubricant additives, organic flame retardant materials, esters, flavors & fragrances are increasing the demand for anhydrides across several industry verticals. Moreover, huge demand for anhydrides for manufacturing of polymeric materials, pharmaceuticals and agrochemicals are also propelling the growth of anhydrides market across the globe. Leading market players are investing in acquisitions and product innovations to diversify their portfolio and to expand their business across the globe. For instance, in 2017, one of the leading manufacturers of phthalic anhydride (PAN) IG Petrochemicals Ltd. acquired Mysore Petro Chemicals Ltd’s maleic anhydride (MA) business. Such acquisitions are likely to support the growth of global anhydrides market.
Global Anhydrides Market Segmentation
Based on Composition
Based on Product Type
Isatoic Acid Anhydride
Others Acid Anhydrides
Based on Application
Dye & Pigments
Fuel & Oil Additives
Flavors & Fragrance
Other Applications (Starch modifiers, Toner resins, Unsaturated polyester resins)
Based on End-User
Food & Beverages
Based on Geography
North America (U.S. & Canada) Anhydrides Market
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Anhydrides Market
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Anhydrides Market
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Anhydrides Market
Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Anhydrides Market
Market Share by Anhydrides Market Research Type & Geography
On the basis of product type of anhydrides, phthalic anhydride is the dominating segment and the market size valued USD 7.2 billion in 2017. Low cost, less complexities in production and low environmental risk are expected to propel the market growth of maleic anhydride.
Based on geography, Asia-Pacific is the dominating region and occupied 33% share of global anhydrides market in 2017, owing to the presence of large consumer base in countries such as China, India and Japan. On the other hand, North America is expected to create new business opportunities for anhydrides market in the near future, owing to the rising application of anhydrides in pharmaceuticals, construction and food & beverages industries.
Anhydrides market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global anhydrides market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global anhydrides market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global anhydrides market report comprises of the following companies as the key players in the Anhydrides market: Huntsman International LLC, LANXESS, BASF SE, Celanese Corporation, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Solvay S.A., Akzo Nobel N.V, SABIC and HaiShun Chemical Co. ltd.
Covered in this Anhydrides Market Research Report
The report covers the present ground scenario and the future growth prospects of the anhydrides market for 2017-2025 along with the total supply, sales and production of anhydrides in every region. We calculated the market size and revenue share on the basis of total sales of anhydrides (by product types) and cost of different types of anhydrides across the globe. Moreover, the report also provides the data of total consumption of all types of anhydrides in every region.
Other high-flying vendors in the market are: Mitsubishi Chemical Corporation, Fuso Chemical Co Ltd., Ashland, Flint Hills Resources, Bartek Ingredients Inc., Polynt S.p.A, Zhejiang Jiangshan Chemical Co., Ltd., MOL Hungarian Oil & Gas Plc, Nippon Shokubai Co., Ltd., Changzhou Yabang Chemical Co.,Ltd., Thirumalai Chemicals Ltd., Bluestar Harbin Petrochemical Corporation, Nan-Ya Plastics, Shandong Hongxin, Koppers Industries, IG Petrochemical and ExxonMobil Chemical.
According to our global anhydrides market study on the basis of extensive primary and secondary research: “Growing investment in maleic anhydrides owing to its low cost and high versatility, to manufacture of agricultural chemicals, surfactants, plasticizers and lubricant additives by leading players are expected to bring new opportunities for global anhydrides market.”
According to the report, diverse applications of anhydrides as an additive in plastics, agricultural chemicals, petroleum, lubricants and oil, paints and coatings and food and pharmaceuticals are major factors driving the global anhydrides market growth. Further, the report states that some anhydrides are highly reactive compounds results in vigorous reaction causing risk for human health. Acute health effects such as skin and eyes irritation and cancer hazards caused by the exposure with acetic anhydrides are inhibiting the growth of acetic anhydrides market. Thereby risk of using anhydrides is the major factor hindering the growth of anhydrides market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.