Anhydrides Market Size

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, Agrochemic...

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Anhydrides Size

Anhydrides Market Growth Projections and Opportunities

The Anhydrides market is subject to a myriad of market factors that collectively shape its dynamics, influencing aspects such as demand, supply, and overall market growth. Here's a concise overview in a paragraph format with a pointer structure:

Industry Demand: The demand for anhydrides is intricately tied to various industries, including chemicals, plastics, pharmaceuticals, and agriculture. Fluctuations in the performance and growth of these industries directly impact the overall demand for anhydrides, with specific types like acetic anhydride finding extensive use in pharmaceutical applications.

Global Economic Conditions: The health of the global economy significantly influences the Anhydrides market. Economic downturns can lead to reduced industrial activities and lower demand for anhydrides, while economic upturns stimulate growth in end-user industries, boosting the overall market.

Raw Material Availability: Anhydrides are often derived from precursor chemicals, and the availability and pricing of these raw materials play a crucial role in market dynamics. Any disruptions or fluctuations in the supply chain can result in price volatility and impact manufacturing costs for anhydrides.

Regulatory Compliance: Stringent regulatory standards within the chemical industry have a direct impact on the Anhydrides market. Compliance with safety, environmental, and quality regulations not only shapes manufacturing processes but also influences market reputation, affecting long-term growth and sustainability.

Technological Advancements: Innovations in production technologies can significantly impact the Anhydrides market. Improved and more sustainable manufacturing processes enhance product quality, reduce costs, and contribute to overall market competitiveness, influencing market growth.

End-User Industry Trends: The market is closely linked to end-user industries such as plastics, resins, and pharmaceuticals. Changes in consumer preferences, industry trends, and economic conditions directly influence the demand for anhydrides, prompting market adjustments.

Trade Policies and Tariffs: International trade policies and tariffs have implications for the Anhydrides market. Changes in trade agreements and geopolitical events can introduce uncertainties, affecting the cost of imports and exports and influencing market dynamics.

Environmental Considerations: Growing awareness of environmental sustainability has a notable impact on the Anhydrides market. Companies are increasingly pressured to adopt environmentally friendly practices, influencing product development and demand for eco-friendly alternatives.

Competitive Landscape: The competitive dynamics within the Anhydrides market, shaped by major players and emerging entrants, impact pricing, product innovation, and overall market development. Mergers, acquisitions, and collaborations can reshape the competitive landscape, influencing market trends.

Consumer Preferences: Evolving consumer preferences for sustainable and high-performance products play a role in shaping the demand for anhydrides. Companies must align their offerings with changing consumer trends to remain competitive and capture market share.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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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
CAGR (2023-2032)	4.60%

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)

Market Trends

The global anhydrides market is poised for growth, driven by increasing demand in various industrial applications, particularly in the production of polymers and resins, which suggests a robust trajectory for the sector.

U.S. Department of Commerce

Anhydrides Market 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.

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, 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.

Market Segmentation

Report Scope

Attribute/Metric	Details
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

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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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)

--- "Table of Contents
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
Global Anhydrides Market by Composition
1. Introduction
2. Insecticides
3. Fungicides
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
Global Anhydrides Market by Application
1. Introduction
2. Pesticides
3. Plasticizer
4. Dye & Pigments
5. Additives
6. Flavors
7. Others
Global Anhydrides Market by End User
1. Introduction
2. Construction
3. Pharmaceutical
4. Automotive
5. Agrochemicals
6. Textiles
7. Food & Beverages
8. Other
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
Company Landscape
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. Product/Business Segment Overview
  2. Financial Updates
  3. Key Developments
9. SABIC.
  1. Product/Business Segment Overview
  2. Financial Updates
  3. Key Developments
10. HaiShun Chemical Co. ltd.
  1. Company Overview
  2. Product/Business Segment Overview
  3. Financial Updates
  4. Key Developments
14 Conclusion
List of Tables and Figures
1. LIST OF TABLES
2. Table 1 World Population by Major Regions (2020-2027)
3. Table 2 Global Anhydrides Market: By Region, 2020-2027
4. Table 3 North America Anhydrides Market: By Country, 2020-2027
5. Table 4 Europe Anhydrides Market: By Country, 2020-2027
6. Table 5 Asia-Pacific Anhydrides Market: By Country, 2020-2027
7. Table 6 RoW Anhydrides Market: By Country, 2020-2027
8. Table 7 Global Anhydrides by Applications Market: By Regions, 2020-2027
9. Table 8 North America Anhydrides by Applications Market: By Country, 2020-2027
10. Table 9 Europe Anhydrides by Applications Market: By Country, 2020-2027
11. Table 10 Asia-Pacific Anhydrides by Applications Market: By Country, 2020-2027
12. Table 11 RoW Anhydrides by Applications Market: By Country, 2020-2027
13. Table 12 North America Anhydrides for End User Market: By Country, 2020-2027
14. Table 13 Europe Anhydrides for End User Market: By Country, 2020-2027
15. Table 14 Asia-Pacific Anhydrides for End User Market: By Country, 2020-2027
16. Table 15 RoW Anhydrides for End User Market: By Country, 2020-2027
17. Table 16 Global Anhydrides for End User Market: By Region, 2020-2027
18. Table 17 North America Anhydrides for End User Market: By Country, 2020-2027
19. Table 18 Europe Anhydrides for End User Market: By Country, 2020-2027
20. Table 19 Asia-Pacific Anhydrides for End User Market: By Country, 2020-2027
21. Table 20 RoW Anhydrides for End User Market: By Country, 2020-2027
22. Table 21 RoW Anhydrides for End User Market: By Country, 2020-2027
23. Table 22 Global Applications Market: By Region, 2020-2027
24. Table 23 Global End User Market: By Region, 2020-2027
25. Table 24 North America Anhydrides Market, By Country
26. Table 25 North America Anhydrides Market, By Applications
27. Table 26 North America Anhydrides Market, By End User
28. Table 27 Europe: Anhydrides Market, By Country Table28 Europe: Anhydrides Market, By Applications Table29 Europe: Anhydrides Market, By End User Table30 Asia-Pacific: Anhydrides Market, By Country Table31 Asia-Pacific: Anhydrides Market, By Applications Table32 Asia-Pacific: Anhydrides Market, By End User Table33 RoW: Anhydrides Market, By Country Table34 RoW Anhydrides Market, By Applications Table35 RoW: Anhydrides Market, By End User LIST OF FIGURES
29. FIGURE 1 Global Anhydrides Market Segmentation
30. FIGURE 2 Forecast Methodology
31. FIGURE 3 Five Forces Analysis of Global Anhydrides Market
32. FIGURE 4 Value Chain of Global Anhydrides Market
33. FIGURE 5 Share of Global Anhydrides Market in 2020, by country (in %)
34. FIGURE 6 Global Anhydrides Market, 2020-2027,
35. FIGURE 7 Sub-segments of End Users
36. FIGURE 8 Global Anhydrides Market size by End User, 2020
37. FIGURE 9 Share of Global Anhydrides Market by End User, 2020-2027
38. FIGURE 9 Global Anhydrides Market size by Applications, 2020
39. FIGURE 11 Share of Global Anhydrides Market by Applications, 2020-2027 "

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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