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Isatoic Acid Anhydride Industry Sluggish Growth Rate Foreseen by 2023-2030

Isatoic Acid Anhydride Market is projected to be worth USD 98 Billion by 2030, registering a CAGR of 12% during the forecast period (2020–2030). Owing to its alluring features, isatoic acid anhydride has extensive applications. Industrially, it is used as an intermediate to produce dyes and chemicals as well as in medical products. Its other applications include perfumes for imitating orange and jasmine, UV-absorbers and corrosion inhibitors for mold & metal inhibitors, in organic synthesis for generating benzyne intermediate, as vitamin L1, in flavors, and as bird repellants. Other niche applications include soaps and detergents, plastics and rubbers, dyes and pigments, agrochemicals, paper, wool, and the textile industry. Various factors are adding to the  Isatoic Acid Anhydride Industry  . These factors, as per the new MRFR report, include its increasing use in dyes and pigments, pharmaceuticals, increasing disposable income and spending power of consumers, changing consumer lif