Dianhydride Market to Exceed US$ 1.2 Bn in 2032 as Production of Resin Grows by 6.8%

Fact.MR – A Market Research and Competitive Intelligence Provider: The global dianhydride market size is expected to be valued at US$ 1.2 Bn in 2032, registering a CAGR of 6.1% between 2022 and 2032. As per the report, demand for dianhydride stood at US$ 631.1 Mn in 2021 and it is set to record high growth of nearly US$ 666.2 Mn in 2022. Fact.MR – A Market Research and Competitive Intelligence Provider:The global dianhydride market size is expected to be valued atUS$ 1.2 Bnin 2032,...

Fact.MR – A Market Research and Competitive Intelligence Provider: The global dianhydride market size is expected to be valued at US$ 1.2 Bn in 2032, registering a CAGR of 6.1% between 2022 and 2032. As per the report, demand for dianhydride stood at US$ 631.1 Mn in 2021 and it is set to record high growth of nearly US$ 666.2 Mn in 2022.

High demand for resins in the e-commerce, food & beverage, consumer goods, and pharmaceutical industries for packaging of goods is likely to push sales of dianhydride in future. Surging consumption of packaged food items is another crucial factor that is expected to boost the demand for resins, thereby driving the dianhydride market growth.

Growing demand for polymers, including polyimides in pressure sensitive tapes and wire & cables is also set to accelerate growth in this market. Urgent need for thermoplastics in a wide range of industries, such as lubricants, paints & coatings, and automobiles is anticipated to augur well for the market.

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Moreover, increasing investments by manufacturers in research and development activities to come up with alternate anhydrides are likely to create new growth opportunities in this market. It is mainly occurring because of the rapid replacement of PMDA with BTDA compounds.

In addition to that, increasing utilization of 6-FDA compounds in advanced aerospace composite, especially in developed countries such as the U.S., U.K., and Canada is expected to fuel growth. These compounds offer high electrical performance and excellent heat resistance properties that are required in modern FCCL circuits present in 5G-enabled smartphones.

Apart from that, 6-FDA compounds are capable of accelerating the production of clear and colorless polyimide films. High demand for polyimide films in the aerospace and electronics industries is a major factor that is estimated to drive the market.

Key Takeaways:

Growth Drivers:

Restraints:

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Competitive Landscape:

Leading players in the global dianhydride market are investing huge sums to construct new manufacturing facilities and expand their distribution networks in untapped areas. Meanwhile, some of the companies are focusing on developing novel products with innovative features and high performance to cater to the ever-increasing demand from customers.

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More Valuable Insights on Dianhydride Market

In the latest study, Fact.MR offers a detailed study on global dianhydride market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of dianhydride through detailed segmentation as follows:

By Compound:

By Purity:

By Function:

By Application:

By Region:

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Key Questions Covered in the Dianhydride Market Report

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