Anhydrides Market Scope
Anhydrides are any chemical compound obtained, either in practice or in principle, by the elimination of water from another compound. For instance, inorganic anhydrides are given as sulfur trioxide, it has derived from sulphuric acid, and the calcium oxide CaO is derived from calcium hydroxide. Sulfur trioxide including other oxides produced by the removal of water from acid is often known as acid anhydride. Acetic anhydride is a primary industrial chemical, it can be used in the preparation of acetate esters. A molecule where two acid groups that contain more than one oxygen, bonded to each other, it's having displaced water in the process. Increasing Demand from the Pharmaceutical Industry This factor is driving the market. Increasing health issues among people cause by anhydrides this factor may restrain the market.
|Unit||Value (USD Million)|
|Key Companies Profiled||BASF SE (Germany), Celanese (United States), BP p.l.c. (United Kingdom), Eastman Chemical Company (United States), Sasol Limited (South Africa), DuPont (United States), SABIC (Saudi Arabia), DAICEL CORPORATION (Japan), Jiangsu Danhua Group Pvt Ltd (China), New Japan Chemical Co., Ltd (Japan) and Mitsubishi Chemical Corporation (Japan)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for anhydrides. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Anhydrides market throughout the predicted period.
BASF SE (Germany), Celanese (United States), BP p.l.c. (United Kingdom), Eastman Chemical Company (United States), Sasol Limited (South Africa), DuPont (United States), SABIC (Saudi Arabia), DAICEL CORPORATION (Japan), Jiangsu Danhua Group Pvt Ltd (China), New Japan Chemical Co., Ltd (Japan) and Mitsubishi Chemical Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Merck KGaA (Germany), Sipchem Company (Saudi Arabia), Kunshan YaLong Trading Co (China), Jubilant Ingrevia Limited (India) and Luna Chemical Industries Pvt Ltd (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Anhydrides market by Type , by Application (Coating Material, Explosive, Plasticizer, Synthesizer and Other Applications) and Region with country level break-up.
On the basis of geography, the market of Anhydrides has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn January 2023, Merck a leading science and technology company announced to acquire M Chemicals Inc.
In August 2022, Sasol Chemicals, a business unit of Sasol Ltd. To deploy innovative, AI-driven technology at its Ethylene Unit at its Lake Charles Chemical Complex in Louisiana to measure and monitor energy usage and emissions to identify opportunities to reduce CO2 emissions and improve energy efficiency.
Influencing Trend:Decreasing acetic anhydride use in favor of cellulose anhydride
Market Growth Drivers:Increasing Demand from the Pharmaceutical Industry
Challenges:High environmental regulations on anhydrides demand decreasing
Restraints:Increasing health issues among people caused by anhydrides
Opportunities:Increase use of anhydrides in Laundry detergents
Key Target AudienceManufacturers, Suppliers, Governments regulatory, Industry Experts, End Users and Others