Market Overview:
Anhydrides
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 Industry
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.
Market Segmentation:
Global Anhydrides
Industry is segmented by composition, type, applications, end user industry,
and region. On the basis of composition the Anhydrides Industry is bifurcate as
organic and inorganic anhydrides. Whereas, on the basis of types Anhydrides
Industry is segmented as acetic anhydride,
maleic anhydride, isobutyric anhydride, propionic anhydride, phthalic
anhydride, isatoic acid anhydride, and others. Among all types acetic anhydride
which is also known as ethanoic anhydride, transparent liquid that smells
strongly of acetic acid, is a major industrial chemical widely applicable
during the production of acetate esters such as cellulose acetate which is a
component of photographic film and other coated materials and mainly utilize in
the production of cigarette. Acetic anhydride widely used as a reagent in
organic synthesis such as aspirin, salicylic acid, polymers, dyes, flavors,
fragrances, etc. However, falling consumption of acetic anhydride in cellulose
acetate for domestic consumption can have major negative influence on the
market. Secondly, maleic anhydride which is highly used in automotive,
additives, copolymers, unsaturated polyester resin, and others. Thirdly,
isobutryic anhydride is a transparent liquid with a strong acrid odor, used as
a raw material for esters such as sucrose acetate isobutyrate. It is used also
as a raw material for dyes, agrochemicals, pharmaceutical, food industry, and
other chemicals industry. Propionic anhydride is a transparent liquid having a
strong odor and high boiling point. It is soluble in chloroform, alcohol,
ether, and alkalies. It has various applications such as anesthetics,
herbicides, flavorings, fragrance intermediate, and pharmaceuticals.
Furthermore, Asia-Pacific region is the largest market for phthalic anhydride
due to huge consumption in alkyd resins, plasticizers, and unsaturated
polyester resins. Phthalate plasticizers are used for the production of
flexible PVC products such as pipes, synthetic leather, cables, shoes, film,
etc.
On the
basis of application the Anhydrides
Industry is segmented into pesticides, plasticizer, dye & pigments,
additives, flavors, and others. On the other hand, on the basis of end user the
Anhydrides Industry is segmented into construction, pharmaceutical, automotive,
agrochemicals, textiles, food & beverages, and other industry. Among all
industry agriculture, textile, and pharmaceutical industry occupied the highest
market share. The increasing consumption of anhydrides in various industry such
architectural, pharmaceutical, textile, plastic, and others will drive the
global Anhydrides Industry in the forecasted period.
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 Industry followed by increasing in the consumption of Anhydrides
Industry in Europe region. In Europe region, Anhydrides Industry 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 Industry due to
various application such as pesticides, plasticizer, dye & pigments,
additives, flavors, and others.
Competitive analysis-
ü
Huntsman International LLC
ü
LANXESS
ü
BASF SE
ü
Celanese Corporation
ü
E. I. du Pont de Nemours and Company
ü
Eastman Chemical Company
ü
Solvay S.A.
ü
Akzo Nobel N.V
ü
SABIC
ü
HaiShun Chemical Co. ltd.
Most of
the anhydride manufacturers are assessing the market in order to increase their
revenues worldwide such as on JULY 1, 2013 Celanese Corp. intends to sell its
acetic anhydride facility in Roussillon, France, and its vinyl acetate monomer
(VAM) production unit in Tarragona, Spain. On the other hand, on 22 Nov 2012
Akzo Nobel’s Pulp and Performance Chemicals business, formerly Eka Chemicals,
announced that it plans to divest the European alkenyl succinic anhydride (ASA)
business, including parts of the production facility in Duren, Germany, to
Italian Mare Holding. The two companies have agreed to foresee the achievement
of the transaction for the end of the year.
To
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