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Anhydrides: Introduction

  • Anhydride is a chemical compound formed by elimination of elements of the water from another chemical compound. Anhydrides are used in a wide range of applications in pharmaceutical, chemicals, and consumer goods (personal care) industries.
  • Anhydrides are chemical compounds, which are part of chemical reactions performed for the formation of esters and resins. Esters typically have a nice fragrance; hence, they are widely used in the manufacture of personal care products (perfumes). Anhydrides are also utilized for the manufacture of synthetic resins. Synthetic resins are employed in the manufacture of surface coatings, adhesives, synthetic textile fibers, etc.  

Key Drivers and Restraints of Anhydrides

  • The global anhydrides market has been expanding significantly, due to advancements in organic chemistry. Improvement in chemical testing and analysis at the research end is a positive sign for market growth. Vendors in the global anhydrides market are projected to tap into lucrative channels for promoting sales and positioning their products. Furthermore, shift from raw standards of chemical manufacturing to sophisticated processes is becoming a prominent trend in the industry. Therefore, the global anhydrides market is projected to expand significantly in terms of demand in the next few years.
  • Development of complex organic compounds is a cumbersome process that requires pinpoint precision. This can act as a barrier for the anhydrides market.

COVID-19 Impact Analysis on Mechanical Industry

  • Governments of several countries across the globe have imposed stringent lockdowns to limit the spread of the coronavirus. Movement of individuals and economic activities, related to goods and services, has come to a halt because of lockdowns. This pandemic adversely impacted the supply chain of raw materials. Many mechanical companies closed down temporarily as a safety precaution to avoid the gathering of people. Anhydrides are used as raw materials in the manufacture of surface coatings. These surface coatings are applied industrial components or chassis of a vehicle to avoid wear and tear. Thus, temporary closure of these companies led to sudden drop in consumption of coating materials. This, in turn, hampered the global anhydrides market.

Anhydrides Market Segmentation                                                                                                                        

  • The global anhydrides market can be segmented based on composition, type, application, and end-user
  • In terms of composition, the global anhydrides market can be bifurcated into organic anhydride and inorganic anhydride
  • In terms of type, the global anhydrides market can be classified into acetic anhydride, maleic anhydride, isobutyric anhydride, propionic anhydride, phthalic anhydride, isatoic anhydride, and others
  • In terms of application, the global anhydrides market can be divided into pesticides, plasticizers, dye & pigments, additives, flavors, and others
  • In terms of end-user, the global anhydrides market can be segregated into construction, pharmaceutical, automotive, agrochemicals, textiles, food & beverages, and others

Anhydrides Market: Regional Segmentation

  • In terms of region, the global anhydrides market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
  • The Canadian government has given a green signal to the use of various types of anhydrides across industries. Testing and experimentation reveal that the current level of exposure to anhydrides in not harmful for the masses. This is expected to benefit vendors operating in the local or even the virtual environment of the chemical industry in Canada.
  • Anhydrides are used as raw materials in the production of fertilizers and pesticides. Agricultural activities contribute significantly to the growth of the GDP of India. Thus, expansion of the agriculture industry in India is expected to boost the demand for anhydrides in Asia Pacific.

Key Players Operating in Global Market    

Global Anhydrides Market: Research Scope

  • Huntsman International LLC
  • Celanese Corporation
  • DuPont
  • Eastman Chemical Company
  • Solvay S.A.
  • Akzo Nobel N.V
  • HaiShun Chemical Co. ltd.
  • Nova Chemicals Corp
  • Borsodchem

Global Anhydrides Market, by Composition

  • Organic Anhydride
  • Inorganic Anhydride

Global Anhydrides Market, by Type

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

Global Anhydrides Market, by Application

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

Global Anhydrides Market, by End-user

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

Global Anhydrides Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Anhydrides Market

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