Isatoic Acid Anhydride Market growth Recent Developments and Business Outlook 2022–2030

 Isatoic Acid Anhydride Market Overview:

In addition, the global isatoic acid anhydride market is expected to rise at a CAGR of 3.50%, with a significant value over the estimated forecasting year of 2020-2030.

Derived from anthranilic acid, Isatoic Acid Anhydride is a white solid organic compound produced by anthranilic acid and phosgene reaction. Isatoic acid anhydride finds application in flavors fragrances, chemical pharmaceutical intermediates, and bird repellants. Other niche applications of isatoic acid anhydride include agrochemicals, dyes pigments, plastics and rubbers, and soaps detergents. Isatoic acid anhydride is also used as a petroleum additive in fuels lubricants and as a protein and carbohydrate substrate modifier for use in wool, paper, and textiles.

The key growth driving factor for the global Isatoic Acid Anhydride market is its use in pharmaceuticals, dyes, pigments. The global pharmaceutical industry is on the rise owing to consumer lifestyles, increasing spending power, and disposable income of consumers. This drives the demand for a number of pharmaceutical ingredients, of which Isatoic acid Anhydride is a part. Furthermore, applying Isatoic acid anhydride in agrochemicals, especially pesticides and herbicides, is key for the demand growth of isatoic acid anhydride. The global population is on the rise, averaging a growth of around 1% per annum. With the growing population, the need for high-yield crop technologies is very crucial. Better crop yields require efficient pesticides and herbicides, drying the demand growth for the isatoic acid anhydride market.  

Market Segmentation:

As per the latest isatoic acid anhydride market report, the global market has been segmented into three types application, end-use and regional analysis. Based on the application, the global market is divided into six sections: dye pigments, pesticides, herbicides, saccharin, flavors, and others. In terms of the end-use sections, the market is classified into five sections pharmaceutical, agrochemicals, perfume, food beverages and others. The isatoic acid anhydride market is segmented into five sections: Asia-Pacific, Europe, North America, South America, and Middle East Africa with the regional analysis.

Regional Analysis:

Asia-Pacific is the largest consumer of acetic Anhydride in the global market. Acetic Anhydride is a key raw material required in producing medicines, such as acetylsalicylic acid, sulfa drugs, and various other medicines. 

Healthcare has become one of the India’s largest sectors due to its strengthening coverage, services and increasing expenditure by public as well as private players. The government’s expenditure on the healthcare sector increased to 1.4% from 1.2%. This has led to an increase in demand for drugs like aspirin and paracetamol. Additionally, the increasing concerns for hygiene and cleanliness have led to the growth of the laundry and cleaning sector in Asia-Pacific, which shall augment the growth of acetic anhydride market during the forecast period.

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