Global Anhydrides Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.7 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The Global anhydrides market is witnessing steady growth, driven primarily by increasing demand across sectors such as automotive, construction, pharmaceuticals, and agriculture. Maleic anhydride, phthalic anhydride, and succinic anhydride are among the key product types gaining traction due to their use in polymer production, resins, and plasticizers. Rising urbanization and infrastructure development projects are supporting demand for unsaturated polyester resins, thereby boosting maleic anhydride consumption. The market is also benefiting from the surge in demand for bio-based anhydrides as sustainability becomes a priority across industries. Asia-Pacific remains the dominant regional market, led by large-scale manufacturing hubs and expanding industrial bases. Meanwhile, technological advancements in production processes and the integration of automation in chemical manufacturing are enhancing efficiency, reducing operational costs, and enabling large-scale production. Despite Global supply chain disruptions and fluctuating raw material prices, the market maintains momentum, underpinned by consistent demand from end-user industries.
Emerging applications in the pharmaceutical and agrochemical sectors are opening new growth avenues for the Global anhydrides market. In pharmaceuticals, anhydrides play a crucial role in the synthesis of active ingredients and drug formulations. The agrochemical sector is increasingly leveraging these compounds for herbicide and pesticide formulations, driven by the need to enhance crop yields and support food security. The transition toward eco-friendly chemicals is influencing R&D investment in developing sustainable alternatives, particularly bio-based anhydrides. This shift is also encouraging partnerships and strategic expansions among key manufacturers to improve product portfolios and regional reach. North America and Europe are focusing on regulatory compliance and environmental standards, which are shaping innovation in production technologies. As end-user industries seek high-performance and cost-effective materials, product customization is becoming a competitive differentiator. The combination of growing industrial activity, environmental regulations, and technological innovation presents a landscape rich with opportunities for market expansion.
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Huntsman International
Laxness
BASF
Celanese Corporation
DuPont
Eastman
Solvay
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 Gloabl Anhydrides Market
Orthophthalic Anhydride
Maleic Anhydride
Phthalic Anhydride
Succinic Anhydride
Glutaric Anhydride
Others
Adhesives and Sealants
Construction Materials
Automotive
Electronics
Coatings
Plastics and Polymers
Textiles
Pharmaceuticals
Others
Reactive Anhydrides
Non-Reactive Anhydrides
Raw Material for Resins
Intermediate for Chemical Synthesis
Polymer Modification
Surface Treatment
Plasticizers
Solid Anhydrides
Liquid Anhydrides
US (Global, US 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 Gloabl Anhydrides 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. Gloabl Anhydrides Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Anhydrides Market, By Type
6. Gloabl Anhydrides Market, By Application
7. Gloabl Anhydrides Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Gloabl Anhydrides Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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