Global Anhydrides Market Anticipated to Grow at a CAGR of 6.2% Over 2016-2024 to Reach USD 24.92 Billion by 2024

New York, USA, 2018-Jul-30 — /EPR Network/ — According to Goldstein Research, anhydrides market is expected to reach USD 24.92 billion by 2024 from USD 15.4 billion in 2016, growing at a CAGR of 6.2% over the forecast period 2016-2024. Diverse applications of anhydrides as an additive in plastics, agricultural chemicals, petroleum, lubricants and oil, paints and coatings and food and pharmaceuticals are major factors driving the global anhydrides market growth.

Global anhydrides market segmentation has been done on the basis of composition, product type, application, end user and geography. Based on product type, 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. Global anhydrides market is largely dominated by Asia Pacific with a market share of 33.0% in 2016 due to owing to the presence of large consumer base in countries such as China, India and Japan. Europe is the fastest growing region for anhydrides market and is anticipated to grow at a CAGR of 7.5% during the forecast period.

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Global Anhydrides Market Segmentation

On the basis of our in-depth analysis, Global Anhydrides Market can be segmented as follows:

• Global Anhydrides Market, Based on Composition

1. Organic Anhydrides
2. Inorganic Anhydrides

• Global Anhydrides Market, Based on Product Type

1. Acetic Anhydride
2. Maleic Anhydride
3. Isobutyric Anhydride
4. Propionic Anhydride
5. Phthalic Anhydride
6. Isatoic Acid Anhydride
7. Others Acid Anhydrides

• Global Anhydrides Market, Based on Application

1. Pesticides
2. Plasticizer
3. Dye & Pigments
4. Fuel & Oil Additives
5. Flavors & Fragrance
6. Corrosion inhibitors
7. Curing agents
8. Other Applications (Starch modifiers, Toner resins, Unsaturated polyester resins)

• Global Anhydrides Market, Based on End-User

1. Construction
2. Pharmaceutical
3. Automotive
4. Agrochemicals
5. Textiles
6. Food & Beverages

• Global Anhydrides Market, By Region

1. North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
2. Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
3. The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
4. Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
5. Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
6. Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Anhydrides Market Outlook 2024” contains a detailed overview of the global anhydrides market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by composition, product type, application and end user.

 

Further, for the in-depth analysis, Global Anhydrides Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This competitive intelligence reports also includes competitive outlook of some of the major players profiling of companies such as 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, Haitian Chemical Co. ltd., Mitsubishi Chemical Corporation, Fuso Chemical Co Ltd., Ashland, Flint Hills Resources, Bartek Ingredients Inc., Polynt S.p.A, Zhejiang Jiangshan Chemical Co., Ltd., MOL Hungarian Oil & Gas Plc, Nippon Shokubai Co., Ltd., Changzhou Yabang Chemical Co.,Ltd., Thirumalai Chemicals Ltd., Bluestar Harbin Petrochemical Corporation, Nan-Ya Plastics, Shandong Hongxin, Koppers Industries, IG Petrochemical, ExxonMobil Chemical, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global anhydrides market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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