Acid Anhydrides Market Global Demand, Research and Top Leading Player to 2029

Rising disposable incomes and significantly increasing end-use industries in emerging economies such as China and India, will escalate the demand for acid anhydrides across the globe. An acid anhydride refers to an acidic oxide, an oxide that reacts with water to form an oxyacid, or with a base to form a salt. An acid anhydride is a compound with the functional group R(CO)O(CO)R'. Organic acid anhydrides often form when one equivalent of water is removed from two equivalents of an organic acid in a dehydration reaction. There is a massive demand from East Asia and South Asia as countries such as India and China are leading consumers of acid anhydrides. Leading players in the global market are engaged in enhancing the quality of acid anhydrides to maintain their supremacy in the worldwide market.

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Acid Anhydrides Market Segmentation


The global acid anhydrides market can be segmented on the basis of composition, application, and end-use industry.

On the basis of composition, the acid anhydrides market is segmented as-

Inorganic
Organic

On the basis of application, the acid anhydrides market is segmented as-

Pesticides
Plasticizers
Dyes & Pigments
Additives
Flavors
Others

On the basis of end-use industry, the acid anhydrides market is segmented as-

Construction
Pharmaceuticals
Automotive
Agrochemicals
Textiles
Food & Beverages
Others

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Acid anhydrides market regional analysis includes:


North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
East Asia (China, Japan and South Korea)
South Asia (India, Thailand, Indonesia, Malaysia)
Oceania
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Acid Anhydrides Market Key Players


Key companies in the market of acid anhydrides are focusing on increasing their R&D activities, which help them to enhance their market presence and to maintain supremacy in the global acid anhydrides market. Key players in the acid anhydrides market are mentioned below-

BASF SE
DowDuPont Chemical Company
Solvay S.A.
Akzo Nobel N.V
Huntsman International LLC
LANXESS
Celanese Corporation
Eastman Chemical Company
SABIC
HaiShun Chemical Co. ltd

The global pharmaceutical industry is on the rise owing to changing consumer lifestyles as well as increasing spending power and disposable incomes of consumers. This drives the demand for a number of pharmaceutical ingredients of which, acid anhydride is a part. Furthermore, the rising applications in pesticides and herbicides is a key factor anticipated to drive the growth of the acid anhydrides market. With growing population, the need for high yield crop technologies is very crucial.

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