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 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.
Market Segmentation:
Global
anhydrides market is segmented by composition, type, applications, end user
industry, and region. On the basis of composition the anhydrides market is
bifurcate as organic and inorganic anhydrides. Whereas, on the basis of types
anhydrides market 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 market is segmented into pesticides,
plasticizer, dye & pigments, additives, flavors, and others. On the other
hand, on the basis of end user the anhydrides market 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
market 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 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.
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.
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