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Anhydrides Market Share

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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Market Share

Anhydrides Market Share Analysis

The Anhydrides market employs a range of market share positioning strategies to strengthen its competitive position and address the diverse needs of customers. These strategies, implemented by industry players, contribute to the overall growth and stability of the market.

Diversification of Product Portfolio:

  • Companies operating in the Anhydrides market focus on diversifying their product portfolios to cater to a wide range of applications.
  • Offering a variety of anhydride compounds with different chemical properties allows companies to meet the specific requirements of various industries, enhancing their market share.

Cost Leadership:

  • Some market players adopt a cost leadership strategy, emphasizing efficiency in production, logistics, and supply chain management.
  • By minimizing operational costs, companies can provide competitive pricing, attracting cost-conscious customers and expanding their market share.

Strategic Alliances and Collaborations:

  • Collaboration with other industry players or forming strategic alliances with key partners enhances the market position of Anhydrides manufacturers.
  • These partnerships facilitate knowledge exchange, access to new technologies, and joint research and development efforts, leading to mutual benefits and increased market influence.

Geographic Expansion:

  • To increase market share, companies explore opportunities for geographic expansion by entering new regions with growing demand for anhydride products.
  • Establishing a presence in emerging markets allows companies to tap into new customer bases and diversify their revenue streams.

Innovation and Research & Development (R&D):

  • Continuous innovation through research and development activities is crucial for staying competitive in the Anhydrides market.
  • Companies invest in R&D to develop new formulations, improve existing products, and discover novel applications, positioning themselves as industry leaders and capturing market share through cutting-edge solutions.

Brand Building and Marketing:

  • Effective branding and marketing campaigns play a pivotal role in influencing customer perceptions and preferences.
  • Anhydride companies invest in building strong brands through targeted advertising, promotions, and educational initiatives to create brand loyalty and increase their share of the market.

Focus on Sustainable Practices:

  • With increasing emphasis on environmental sustainability, Anhydride manufacturers prioritize eco-friendly practices in their production processes.
  • Adopting green initiatives not only aligns with consumer preferences but also positions companies as environmentally responsible, potentially attracting a market share focused on sustainability.

Customer-Centric Approaches:

  • Establishing strong customer relationships is essential for retaining business and expanding market share.
  • Implementing customer-centric approaches, such as tailored solutions, responsive customer service, and feedback mechanisms, enhances overall customer satisfaction and loyalty.

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 2023-2035.

What is the forecast period of Anhydrides Market research report?

The forecast period for Anhydrides Market research report is 2023-2035.

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)

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 Market 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
CAGR (2023-2032) 4.60%

Major Players

<p>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)</p>

Market Trends

Anhydrides Market Market Drivers

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 Market 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 Market 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.

Market Segment Insights

Regional Insights

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, isobutane, 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

<p>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.</p>

New opportunities lie in:

  • <p>Invest in R&amp;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.</p>

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

Market Segmentation

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

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 2023-2035.

What is the forecast period of Anhydrides Market research report?

The forecast period for Anhydrides Market research report is 2023-2035.

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)

  1. Executive Summary
  2. Scope of The Report
    1. Market Definition
    2. Scope of The Study
      1. Research Objectives
      2. Assumptions & Limitations
    3. Markets Structure
  3. Market Research Methodology
    1. Research Process
    2. Secondary Research
    3. Primary Research
    4. Forecast Model
  4. Market Landscape
    1. Five Forces Analysis
      1. Threat of New Entrants
      2. Bargaining power of buyers
      3. Threat of substitutes
      4. Segment rivalry
    2. Value Chain/Supply Chain of Global Anhydrides Market
  5. Industry Overview of Global Anhydrides Market
    1. Introduction
    2. Growth Drivers
    3. Impact analysis
    4. Market Challenges
    5. Impact analysis
  6. Market Trends
    1. Introduction
    2. Growth Trends
    3. Impact analysis
  7. Global Anhydrides Market by Composition
    1. Introduction
    2. Insecticides
    3. Fungicides
  8. Global Anhydrides Market by Types
    1. Introduction
    2. Acetic Anhydride
    3. Maleic Anhydride
    4. Isobutyric Anhydride
    5. Propionic Anhydride
    6. Phthalic Anhydride
    7. Isatoic Acid Anhydride
    8. Others
  9. Global Anhydrides Market by Application
    1. Introduction
    2. Pesticides
    3. Plasticizer
    4. Dye & Pigments
    5. Additives
    6. Flavors
    7. Others
  10. Global Anhydrides Market by End User
    1. Introduction
    2. Construction
    3. Pharmaceutical
    4. Automotive
    5. Agrochemicals
    6. Textiles
    7. Food & Beverages
    8. Other
  11. Global Anhydrides Market by Region
    1. Introduction
    2. North America
      1. US
      2. Canada
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. Spain
      5. UK
    4. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest of Asia-Pacific
    5. Middle East & Africa
      1. Turkey
      2. Israel
      3. North Africa
      4. GCC
      5. Rest of Middle East & Africa
    6. Latin America
      1. Brazil
      2. Argentina
      3. Rest of Latin America
  12. Company Landscape
  13. Company Profiles
    1. Huntsman International LLC
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    2. LANXESS
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    3. BASF SE
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    4. Celanese Corporation
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    5. E. I. du Pont de Nemours and Company
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    6. Eastman Chemical Company
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    7. Solvay S.A.
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    8. Akzo Nobel N.V
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    9. SABIC.
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
    10. HaiShun Chemical Co. ltd.
      1. Company Overview
      2. Product/Business Segment Overview
      3. Financial Updates
      4. Key Developments
  14. Conclusion
  15. LIST OF TABLES
  16. World Population by Major Regions (2020-2027)
  17. Global Anhydrides Market: By Region, 2020-2027
  18. North America Anhydrides Market: By Country, 2020-2027
  19. Europe Anhydrides Market: By Country, 2020-2027
  20. Asia-Pacific Anhydrides Market: By Country, 2020-2027
  21. RoW Anhydrides Market: By Country, 2020-2027
  22. Global Anhydrides by Applications Market: By Regions, 2020-2027
  23. North America Anhydrides by Applications Market: By Country, 2020-2027
  24. Europe Anhydrides by Applications Market: By Country, 2020-2027
  25. Asia-Pacific Anhydrides by Applications Market: By Country, 2020-2027
  26. RoW Anhydrides by Applications Market: By Country, 2020-2027
  27. North America Anhydrides for End User Market: By Country, 2020-2027
  28. Europe Anhydrides for End User Market: By Country, 2020-2027
  29. Asia-Pacific Anhydrides for End User Market: By Country, 2020-2027
  30. RoW Anhydrides for End User Market: By Country, 2020-2027
  31. Global Anhydrides for End User Market: By Region, 2020-2027
  32. North America Anhydrides for End User Market: By Country, 2020-2027
  33. Europe Anhydrides for End User Market: By Country, 2020-2027
  34. Asia-Pacific Anhydrides for End User Market: By Country, 2020-2027
  35. RoW Anhydrides for End User Market: By Country, 2020-2027
  36. RoW Anhydrides for End User Market: By Country, 2020-2027
  37. Global Applications Market: By Region, 2020-2027
  38. Global End User Market: By Region, 2020-2027
  39. North America Anhydrides Market, By Country
  40. North America Anhydrides Market, By Applications
  41. North America Anhydrides Market, By End User
  42. Europe: Anhydrides Market, By Country
  43. Table28 Europe: Anhydrides Market, By Applications
  44. Table29 Europe: Anhydrides Market, By End User
  45. Table30 Asia-Pacific: Anhydrides Market, By Country
  46. Table31 Asia-Pacific: Anhydrides Market, By Applications
  47. Table32 Asia-Pacific: Anhydrides Market, By End User
  48. Table33 RoW: Anhydrides Market, By Country
  49. Table34 RoW Anhydrides Market, By Applications
  50. Table35 RoW: Anhydrides Market, By End User
  51. LIST OF FIGURES
  52. Global Anhydrides Market segmentation
  53. Forecast Methodology
  54. Five Forces Analysis of Global Anhydrides Market
  55. Value Chain of Global Anhydrides Market
  56. Share of Global Anhydrides Market in 2020, by country (in %)
  57. Global Anhydrides Market, 2020-2027,
  58. Sub-segments of End Users
  59. Global Anhydrides Market size by End User, 2020
  60. Share of Global Anhydrides Market by End User, 2020-2027
  61. Global Anhydrides Market size by Applications, 2020
  62. Share of Global Anhydrides Market by Applications, 2020-2027
    1. "

Anhydrides Market Segmentation

Market Segmentation Overview

  • Detailed segmentation data will be available in the full report
  • Comprehensive analysis by multiple parameters
  • Regional and country-level breakdowns
  • Market size forecasts by segment
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