Acid Anhydrides Market Highlighting Regional Revenue Share Dominance during 2019-2029
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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Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (India, China ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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
Pertinent aspects this study on the Acid Anhydrides market tries to answer exhaustively are:
• What is the forecast size (revenue/volumes) of the most lucrative regional market?
• What is the share of the dominant product/technology segment in the Acid Anhydrides market?
• What regions are likely to witness sizable investments in research and development funding?
• What are Covid 19 implication on Acid Anhydrides market and learn how businesses can respond, manage and mitigate the risks?
• Which countries will be the next destination for industry leaders in order to tap new revenue streams?
• Which new regulations might cause disruption in industry sentiments in near future?
• Which is the share of the dominant end user?
• Which region is expected to rise at the most dominant growth rate?
• Which technologies will have massive impact of new avenues in the Acid Anhydrides market?
• Which key end-use industry trends are expected to shape the growth prospects of the Acid Anhydrides market?
• What factors will promote new entrants in the Acid Anhydrides market?
• What is the degree of fragmentation in the Acid Anhydrides market, and will it increase in coming years?
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