Forecast 2024 : Anhydrides Market Research Report | IngeniousReports
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 2016, 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.
As per the Publisher’s analyst, the Global Anhydrides Market size valued USD 15.4 billion in 2016 and is estimated to reach USD 24.92 billion by 2024 growing at a CAGR of 6.2% during the period 2016-2024.
Anhydrides market Outlook 2016-2024, 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 imparted within the report.
Company Profile mentioned: 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
Global Anhydrides Market Segmentation:
· Based on Composition: Organic Anhydrides, Inorganic Anhydrides
· Based on Product Type: Acetic Anhydride, Maleic Anhydride, Isobutyric Anhydride, Propionic Anhydride, Phthalic Anhydride, Isatoic Acid Anhydride, Others Acid Anhydrides
· Based on Application: Pesticides, Plasticizer, Dye & Pigments, Fuel & Oil Additives, Flavours & Fragrance, Corrosion inhibitors, Curing agents, Other Applications (Starch modifiers, Toner resins, Unsaturated polyester resins)
· Based on End-User: Construction, Pharmaceutical, Automotive, Agrochemicals, Textiles, 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
Based on product type of anhydrides, phthalic anhydride is the dominating segment and the market size valued USD 7.2 billion in 2016. Maleic anhydride market valued USD 3.84 billion in 2016 and is projected to grow at a faster rate during the forecast period. Low cost, less complexities in production and low environmental risk are expected to propel the market growth of maleic anhydride.
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3. Regional Opportunity Analysis based on Competitors
4. Global Anhydrides Market Size (USD Billion) and Forecast Analysis, 2016-2024
5. Market Dynamics: Growth Drivers, Restraints and Opportunities
5.3. Recent Trends and Developments
6. Global Anhydrides Market Segmentation
6.1. Global Anhydrides Market by Composition (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.2. Global Anhydrides Market by Product Type (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.3. Global Anhydrides Market by Applications (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.4. Global Anhydrides Market by End-User (Market Size ($ Billion) & Y-o-Y Growth Analysis, 2016-2024)
6.5. Global Anhydrides Market by Region (Market Share (%) & Y-o-Y Growth Comparison, 2016-2024)
7.1. Market Share of Major Players (2016)
8. Porter’s Five Force Model
9. Market Landscape: Competition and Beyond
10. Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
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