Press release
Anhydrides Market Trends, Share, Industry Size, Growth, Opportunities and Forecast 2017-2023
Market OverviewAnhydrides is used in various industry such as construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and other industry. It is highly used in various applications such as pesticides, plasticizer, dye & pigments, additives, flavors, and others. In addition, the growing agriculture, pharmaceutical, and construction industry is driving the anhydrides market globally. On the basis of geography, market share of anhydrides is high in Asia Pacific region and is also expected to increase at a high growth rate as compared to other regions such as Europe, North America, Latin America and Middle East.
A major surge in construction industry will make huge opportunity in APAC region for Anhydrides Market
Key Players:
Key players of the global anhydrides market 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),
• others.
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Segmentation
The global anhydrides market is majorly segmented on the basis of composition, types, application, end users and region. Based on 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. Furthermore, Based on application of anhydrides the market is segmented into as pesticides, plasticizer, dye & pigments, additives, flavors, and others. Moreover, based on end user the market 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
Asia Pacific is the largest market of anhydrides due to large consumption in agriculture, pharmaceuticals, and textile industry, in China region followed by India and Japan. Increasing demand for textile industry in China, India, Japan, Taiwan, Indonesia, and South Korea has made Asia Pacific largest consumer of the global anhydrides market followed by increasing in the consumption of anhydrides market in Europe region. In Europe region, anhydrides market is drive by agricultural, pharmaceutical, food & beverages, and others industry. In addition, the third largest market of anhydrides is North America region due to large consumption in agriculture and pharmaceutical industry. Moreover, Latin America and Middle East also observed in growth of anhydrides market due to various application such as pesticides, plasticizer, dye & pigments, additives, flavors, and others.
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As a consequence of the trend towards construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and other industry are resulting to increasing in demand of anhydride, especially in APAC region including the countries China, India, Japan, South Korea, and others countries. In addition to this, the various types of anhydrides such as acetic anhydride, maleic anhydride, isobutyric anhydride, propionic anhydride, phthalic anhydride, isatoic acid anhydride, and others, has huge industrial applications such as pesticides, plasticizer, dye & pigments, additives, flavors, and others. Hence, with a wide range of applications the anhydride market represents a considerable economic factor growth in this region.
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