Anhydrides Market 2022 Status, Types, Applications, Key Players and Forecast 2028
Anhydrides Market by Composition, Types, Application, End-Use Industry and Region, Asia Pacific is the largest market of anhydrides due to large consumption in agriculture, pharmaceuticals, and textile industry, in the China region followed by India and Japan. Anhydride is an organic functional group that has two acyl groups attached to the oxygen atom. The formula of the anhydride is shown as (RC (O)) 2O. Anhydrides are prepared by various processes, but anhydride is mainly produced by the carbonylation of acetate such as maleic anhydride is produced by the oxidation of benzene or butane.
Key Players and Competition Analysis
Key players of the Anhydrides are Huntsman International LLC (US), LANXESS (Germany), BASF SE (Germany), Celanese Corporation (US), E. I. du Pont de Nemours and Company (US), Eastman Chemical Company (US), Solvay S.A. (Belgium), Akzo Nobel N.V (Netherlands), SABIC (Saudi Arabia), HaiShun Chemical Co. ltd. (China), and others.
Segmentation Analysis
The anhydrides market is majorly segmented based on composition, types, application, end-users and region. Based on the composition of anhydrides the market is segmented into organic and inorganic anhydrides. Based on types of anhydrides the market is segmented into acetic anhydride, maleic anhydride, isobutyric anhydride, propionic anhydride, phthalic anhydride, isatoic acid anhydride, and others. Based on the application of anhydrides the market is segmented into as pesticides, plasticizers, dye pigments, additives, flavors, and others. Based on end-user the market is segmented into construction, pharmaceutical, automotive, agrochemicals, textiles, food beverages, and other industry, and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East Africa.
Regional Analysis
The Asia Pacific is the largest market of anhydrides due to large consumption in agriculture, pharmaceuticals, and textile industry, in the China region followed by India and Japan. Increasing demand for the textile industry in China, India, Japan, Taiwan, Indonesia, and South Korea has made Asia Pacific the largest consumer of the global anhydrides market followed by increasing in the consumption of anhydrides market in the Europe region.
Market Scope
There is a huge demand for anhydride from the APAC region, countries such as China, India, and Japan. Japan and China are the majority of anhydride consumers. Increasing demand from various industries such as agriculture, pharmaceuticals, and textile in India is probable to offer better opportunities for the anhydride market in India. On the other hand, Europe holds the second position due to huge demand for pharmaceuticals, construction, food beverages, and others followed by North America.
Browse the market data and information spread across 140 pages with 35 data tables and 11 figures of the report ‘Global Anhydrides Market Research Report- Forecast to 2023? in-depth alongside table of content (TOC) at:
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