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    Anhydrides Market

    ID: MRFR/CnM/2400-HCR
    140 Pages
    Priya Nagrale
    October 2025

    Anhydrides Market Research Report Information- by Composition (Organic, Inorganic), by Types (Acetic Anhydride, Maleic Anhydride, Isobutyric Anhydride, Propionic Anhydride, Phthalic Anhydride, Isatoic Acid Anhydride, and Others), by Application (Pesticides, Plasticizer, Dye & Pigments, Additives, Flavors, and Others), by End Use Industry (Construction, Pharmaceutical, Automotive, Agrochemicals, Textiles, Food & Beverages, and Other), and by Region - Forecast till 2035

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    Anhydrides Market Summary

    As per Market Research Future Analysis, the Anhydrides Market was valued at USD 6.2 Billion in 2022 and is projected to grow from USD 6.5 Billion in 2023 to USD 9.61 Billion by 2032, with a CAGR of 4.60% during the forecast period. The market is driven by rising demand across various industries, including pharmaceuticals, textiles, and agriculture, particularly in the APAC region, where countries like China, India, and Japan are major consumers. Anhydrides are crucial in producing esters and resins, which are widely used in personal care products and synthetic materials. The market faced challenges during the COVID-19 pandemic but has shown recovery post-lockdown. Key players are focusing on capacity expansions and technological advancements to meet growing demands.

    Key Market Trends & Highlights

    The Anhydrides Market is witnessing significant growth driven by various factors.

    • Market Size in 2022: USD 6.2 Billion; projected to reach USD 9.61 Billion by 2032.
    • CAGR during 2023-2032: 4.60%; driven by demand in pharmaceuticals and textiles.
    • Major consumers: China, India, and Japan; significant growth opportunities in India.
    • Impact of COVID-19: Initial decline in sales, followed by recovery post-lockdown.

    Market Size & Forecast

    2022 Market Size USD 6.2 Billion
    2023 Market Size USD 6.5 Billion
    2032 Market Size USD 9.61 Billion

    Major Players

    Huntsman International LLC (U.S.), LANXESS (Germany), BASF SE (Germany), Celanese Corporation (U.S.), I. du Pont de Nemours and Company (U.S.), Eastman Chemical Company (U.S.), Solvay S.A. (Belgium), Akzo Nobel N.V (Netherlands), SABIC (Saudi Arabia), HaiShun Chemical Co. Ltd. (China)

    Anhydrides Market Drivers

    Market Growth Projections

    Expansion of End-Use Industries

    The expansion of end-use industries, such as automotive, construction, and electronics, significantly influences the Global Anhydrides Market Industry. These sectors increasingly utilize anhydrides in the production of high-performance materials, coatings, and sealants. The automotive industry, in particular, is adopting lightweight materials to enhance fuel efficiency, leading to a higher demand for anhydride-based composites. This trend is expected to contribute to a compound annual growth rate of 4.61% from 2025 to 2035, indicating a sustained interest in anhydrides across various applications.

    Growth in Pharmaceutical Applications

    Pharmaceutical applications represent a critical driver for the Global Anhydrides Market Industry. Anhydrides are utilized in the synthesis of active pharmaceutical ingredients, enhancing the efficacy and stability of medications. The increasing prevalence of chronic diseases and the subsequent demand for innovative drug formulations contribute to this growth. As the pharmaceutical sector evolves, the need for high-quality anhydrides is likely to rise. This trend aligns with the overall market growth, which is anticipated to reach 11.0 USD Billion by 2035, showcasing the importance of anhydrides in the development of modern therapeutics.

    Rising Demand in Chemical Manufacturing

    The Global Anhydrides Market Industry experiences a notable surge in demand driven by the chemical manufacturing sector. Anhydrides serve as essential intermediates in the production of various chemicals, including plastics, resins, and adhesives. As industries increasingly focus on sustainable practices, the demand for eco-friendly alternatives has risen, further propelling the market. In 2024, the market is projected to reach 6.7 USD Billion, reflecting the growing reliance on anhydrides in diverse applications. This trend indicates a robust growth trajectory, with the market expected to expand significantly over the next decade.

    Regulatory Support for Sustainable Chemicals

    Regulatory support for sustainable chemicals plays a pivotal role in the Global Anhydrides Market Industry. Governments worldwide are implementing policies that encourage the use of environmentally friendly chemicals, including anhydrides. This regulatory landscape fosters innovation and investment in sustainable production methods, driving demand for anhydrides in various applications. As industries adapt to these regulations, the market is expected to benefit from increased adoption of anhydride-based products. This trend aligns with the broader movement towards sustainability, potentially enhancing the market's growth prospects in the coming years.

    Technological Advancements in Production Processes

    Technological advancements in production processes are reshaping the Global Anhydrides Market Industry. Innovations in synthesis methods, such as more efficient catalytic processes and greener production techniques, are enhancing the yield and purity of anhydrides. These advancements not only reduce production costs but also align with global sustainability goals. As manufacturers adopt these technologies, the market is likely to witness increased competitiveness and growth. The ongoing improvements in production efficiency may further support the market's expansion, as industries seek reliable and high-quality anhydride products.

    Key Companies in the Anhydrides Market market include

    Industry Developments

    In May 2021, The first phase of Ibn Sina Petrochemical Company in Mahshahr, Khuzestan Province, will be launched soon to complete the butane value chain. Using butane as feedstock, the plant will produce three essential products: maleic anhydride, isobutane, and normal butane.

    In September 2020, AOC, a global resins and specialty materials supplier, revealed that it has successfully developed the maleic anhydride business and manufacturing facility in Neal, West Virginia, from Ashland Global Holdings. 

    State Owned Indian Oil Corporation announced that it would invest Rs. 3681 crores to develop India's biggest Maleic Anhydride Plant for the manufacturing of valuable products at Panipat refinery.

    Report Overview

    The detailed study of the anhydrides market analysis states that it will proceed with a higher growth pace due to the presence of growth influencing factors like key drivers and opportunities. The limiting factors were also studied along with the pandemic's impact. The market segments were described with their sub-segments. The regional report states about the market's growth in different regions around the world. The industrial players' importance was stated, and their developments were briefly noticed.

    The overall report shows that the anhydrides market has shown a significant growth rate, and it is expected to maintain its consistency and obtain a massive CAGR value.

    Key Industrial Segments

    By Type

    • Acetic Anhydride
    • Maleic Anhydride
    • Isobutyric Anhydride
    • Propionic Anhydride
    • Phthalic Anhydride
    • Isatoic Acid Anhydride
    • Others

    By Composition

    • Organic
    • Inorganic

    By Application

    • Pesticides
    • Plasticizer
    • Dye & Pigments
    • Additives
    • Flavors
    • Others

    By End-User Industry

    • Construction
    • Pharmaceutical
    • Automotive
    • Agrochemicals
    • Textiles
    • Food & Beverages
    • Other

    Future Outlook

    Anhydrides Market Future Outlook

    The Global Anhydrides Market is projected to grow at a 4.61% CAGR from 2024 to 2035, driven by increasing demand in pharmaceuticals, agrochemicals, and polymer industries.

    New opportunities lie in:

    • Invest in R&D for bio-based anhydrides to capture eco-conscious market segments. Expand distribution networks in emerging economies to enhance market penetration. Develop innovative applications in high-performance coatings and adhesives for diverse industries.

    By 2035, the Anhydrides Market is expected to exhibit robust growth, reflecting evolving industry demands and technological advancements.

    Report Scope

    Attribute/MetricDetails
      Market Size  2032: USD 9.61 billion
      CAGR  4.60%
      Base Year  2022
      Forecast Period  2023-2032
      Historical Data  2019-2020
      Forecast Units  Value (USD Billion)
      Report Coverage  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered  Composition, Type and Application
      Geographies Covered  North America, Europe, Asia-Pacific, Middle East & Africa and Latin America
      Key Vendors  Huntsman International LLC (US), LANXESS (Germany), BASF SE (Germany), Celanese Corporation (US), E. I. du Pont de Nemours and Company (US), Eastman Chemical Company (US), Solvay S.A. (Belgium), Akzo Nobel N.V (Netherlands), SABIC (Saudi Arabia), HaiShun Chemical Co. ltd.(China)
      Key Market Opportunities  Anhydrides are prepared by various process but anhydride is mainly produced by the carbonylation of acetate
      Key Market Drivers  Increasing demand from various industry such as agriculture, pharmaceuticals, and textile

    Market Highlights

    Author
    Priya Nagrale
    Senior Research Analyst

    With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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    FAQs

    At what CAGR is the Anhydrides Market predicted to grow during the forecast period?

    Anhydrides Market is predicted to grow at Substantial CAGR through forecast period of 2023-2032.

    What is the forecast period of Anhydrides Market research report?

    The forecast period for Anhydrides Market research report is 2023-2032.

    Which region will lead the global Anhydrides Market?

    Global Anhydrides Market is dominated by APAC region.

    What are the key factors driving the Anhydrides Market?

    Increasing demand from various industry such as agriculture, pharmaceuticals, and textile

    Who are the key players in the Anhydrides Market?

    Huntsman International LLC (US), LANXESS (Germany), BASF SE (Germany), Celanese Corporation (US), E. I. du Pont de Nemours and Company (US), Eastman Chemical Company (US), Solvay S.A. (Belgium), Akzo Nobel N.V (Netherlands), SABIC (Saudi Arabia), HaiShun Chemical Co. ltd.(China)

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