Market Overview:
The global Himic anhydride market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for unsaturated polyester resin and epoxy resin curing agent across different applications. In terms of type, the purity 98% segment is expected to witness higher growth as compared to other segments during the forecast period. This can be attributed to its growing demand in end-use industries such as construction and automotive.
Product Definition:
Hemic anhydride is a chemical compound composed of one or more hemiacetals linked by an oxo bridge. It is a colorless, oily liquid that is soluble in organic solvents. Hemic anhydride finds use as a reagent in organic synthesis, specifically the conversion of ketones to esters.
Purity 98%:
Purity 98% is a high purity form of anhydrous ammonia, which is colorless and has no odor. It can be used as a replacement for expensive 99.5% pure anhydrous ammonia in numerous applications such as the production of fertilizers, fire extinguishers, industrial gases & water treatment chemicals and pharmaceuticals among others.
Ammonia (NH3) is one of the key raw materials used to produce purification grade 98%.
Above Purity 98%:
It is a special type of purity level which means that 98% of the material in its original form is made up of carbon and hydrogen. It's chemical formula is also known as hemic anhydride. The reason for using such high purity level product in hemic anhydride industry is because it has more properties like low viscosity, thermal stability, high molecular weight and many other advantages over other products like polymeric or ceramic anhydride.
Application Insights:
Unsaturated polyester resin was the major application segment in 2015 and is expected to continue its dominance over the forecast period. It is extensively used in manufacturing electrical & electronics, automotive, construction and other industrial products. The growth of these end-use industries coupled with increasing product demand from them is anticipated to drive market growth over the forecast period.
Epoxy resins are widely utilized for coating various substrates such as metals, wood and plastic laminates owing to their high adhesion properties. These coatings find applications in a wide range of end-use industries including transportation & logistics on account of their durability and resistance towards corrosion & oxidation processes carried out by moisture or oxygen present in air. Other applications include paints & coatings as well as decorative foams where Himic anhydride based epoxy resins are mixed with fillers like glass fiber, carbon fiber etc.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for a share of over 45%. The region is expected to witness significant growth on account of increasing demand from end-use industries, such as automotive, construction, packaging and electrical & electronics. China Himaxit Group Co., Ltd. is one of the leading producers and suppliers of himic anhydride in China. It has production plants at Dongguan city as well as at Hebei province which are engaged in producing various types and grades of HMA along with other related products such as epoxy resins, polyurethane elastomers (PURE), etc.
The company also exports its products to more than 20 countries worldwide including Japan, South Korea, Taiwan U S A Epoxy Inc.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and plastics
- Rising awareness about the benefits of using anhydride products over traditional counterparts
- Growing investments in R&D to develop new applications for anhydride products
- Expansion of production capacities by key players to meet rising demand
- Emergence of new players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Himic Anhydride Market Research Report
By Type
Purity 98%, Above Purity 98%
By Application
Unsaturated Polyester Resin, Epoxy Resin Curing Agent, Other
By Companies
Jarchem Industries, Haihang Group, Taixing Shenfeng Chemical, JIANGSU TETRA NEW MATERIAL TECHNOLOGY
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Himic Anhydride Market Report Segments:
The global Himic Anhydride market is segmented on the basis of:
Types
Purity 98%, Above Purity 98%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Unsaturated Polyester Resin, Epoxy Resin Curing Agent, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jarchem Industries
- Haihang Group
- Taixing Shenfeng Chemical
- JIANGSU TETRA NEW MATERIAL TECHNOLOGY
Highlights of The Himic Anhydride Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Purity 98%
- Above Purity 98%
- By Application:
- Unsaturated Polyester Resin
- Epoxy Resin Curing Agent
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Himic Anhydride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hemic anhydride is a chemical compound with the formula H2O. It is a colorless gas that can be liquefied at room temperature. Himic anhydride is used in industrial processes and as a precursor to other chemicals.
Some of the key players operating in the himic anhydride market are Jarchem Industries, Haihang Group, Taixing Shenfeng Chemical, JIANGSU TETRA NEW MATERIAL TECHNOLOGY.
The himic anhydride market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Himic Anhydride Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Himic Anhydride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Himic Anhydride Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Himic Anhydride Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Himic Anhydride Market Size & Forecast, 2020-2028
4.5.1 Himic Anhydride Market Size and Y-o-Y Growth
4.5.2 Himic Anhydride Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Purity 98%
5.2.2 Above Purity 98%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Unsaturated Polyester Resin
6.2.2 Epoxy Resin Curing Agent
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Himic Anhydride Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Himic Anhydride Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Purity 98%
9.6.2 Above Purity 98%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Unsaturated Polyester Resin
9.10.2 Epoxy Resin Curing Agent
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Purity 98%
10.6.2 Above Purity 98%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Unsaturated Polyester Resin
10.10.2 Epoxy Resin Curing Agent
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Purity 98%
11.6.2 Above Purity 98%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Unsaturated Polyester Resin
11.10.2 Epoxy Resin Curing Agent
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Purity 98%
12.6.2 Above Purity 98%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Unsaturated Polyester Resin
12.10.2 Epoxy Resin Curing Agent
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Purity 98%
13.6.2 Above Purity 98%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Unsaturated Polyester Resin
13.10.2 Epoxy Resin Curing Agent
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Himic Anhydride Market: Competitive Dashboard
14.2 Global Himic Anhydride Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jarchem Industries
14.3.2 Haihang Group
14.3.3 Taixing Shenfeng Chemical
14.3.4 JIANGSU TETRA NEW MATERIAL TECHNOLOGY
