Anthranic Acid Market was valued at USD 600 million in 2022 and is projected to reach USD 900 million by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
From 2023 to 2033, the anthranic acid market is expected to experience a substantial surge in demand, primarily due to its growing use in the production of aromatic polyesters, which are essential in producing various consumer goods such as clothing and packaging materials. The increasing trend towards environmentally sustainable products has led to heightened interest in bio-based chemicals, including anthranic acid, as they offer eco-friendly alternatives to conventional chemicals. Furthermore, advancements in pharmaceutical research and the growing demand for specialized drugs are projected to drive demand. The shift toward sustainable practices in industrial manufacturing and packaging is anticipated to be a significant factor influencing the demand for anthranic acid. With growing consumer awareness and government regulations pushing for greener alternatives, the market is expected to witness increased production of bio-based anthranic acid in the coming years. Furthermore, the rise of the medical and cosmetic industries, where anthranic acid is utilized in skin care formulations and as a precursor in the production of pharmaceutical intermediates, will support its increasing demand. Overall, the demand for anthranic acid from 2023 to 2033 is projected to significantly outpace the moderate growth seen during the previous years. The market will be shaped by factors such as the increasing need for eco-friendly alternatives, advancements in pharmaceutical development, and the growing applications in the agrochemical sector.
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The global anthranic acid market has shown dynamic trends from 2018 to 2022, driven by multiple industrial applications, including the production of dyes, perfumes, and pharmaceuticals. During this period, anthranic acid demand saw gradual growth, fueled by its diverse usage in the manufacturing of various chemicals and products. The increased need for UV-stable dyes, specialty chemicals, and intermediates used in the synthesis of pharmaceutical products, such as the anti-inflammatory drug 5-aminosalicylic acid (5-ASA), was a significant factor contributing to market expansion. This growth was also reflected in the increased applications in the agrochemical sector, where anthranic acid plays a pivotal role in producing herbicides and insecticides.
Xiangli Chemical
New Sunlion Chemical
Shandong Wochi Chemicals
Shandong Taihong New Material Technology
Dongying Xinfeng Chemical
Shandong Co-Strength Chemicals
Dongying Kexin Chemical
Mitsuboshi Chemical
Ambernath Organics
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Anthranic Acid Market
Dye
Pharmaceutical
Others
Based on Types the Market is categorized into Below types that held the largest Anthranic Acid market share In 2023.
Pharmaceutical Grade
Industrial Grade
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Anthranic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Anthranic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Anthranic Acid Market, By Type
6. Global Anthranic Acid Market, By Application
7. Global Anthranic Acid Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Anthranic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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