Global dianhydride market expected to grow significantly, with North America and East Asia leading.

From GlobeNewswire: 2024-07-08 08:22:00

The global dianhydride market is set to grow to US$ 750.4 million by 2024, with a projected CAGR of 6.2% to reach US$ 1.37 billion by 2034. Demand is increasing for resins, adhesives, and high-performance materials, with North America and East Asia leading in sales. Manufacturers are focusing on resin production and new applications. North America market to expand by 6.4%, offering a $172.1 million opportunity by 2034. East Asia to hold 30.9% market share. China market set to reach US$ 257.3 million by 2034. US market projected to reach US$139.5 million by 2024, with a $121.7 million opportunity from 2024 to 2034. Rising demand in electronics, automotive, and aerospace driving market growth in the US. Major players in the dianhydride market include Boshan Hengtai Chemical Factory, Mitsubishi Gas Chemical Company, and Evonik, among others. Fact.MR’s comprehensive market analysis provides historical data from 2019 to 2023 and forecasts from 2024 to 2034, covering compound types, purity levels, functions, applications, and key regions globally. Aiming to meet growing demand and increase capacity, a joint venture between Mitsubishi Gas Chemical and a Chinese company established a new dianhydride production facility in China in March 2024. US dianhydride market expected to rise at a CAGR of 6.5% from 2024 to 2034. Government initiatives to boost domestic production and reduce reliance on international supply chains set to benefit local suppliers. High competition in the market due to established companies and import duties. Market for dianhydrides projected to grow across various industries including electronics, automotive, and aerospace amid rising investments and demand for high-performance materials. US market offers growth opportunities with increasing investments in infrastructure and industry. GLOBE NEWSWIRE: Fact.MR provides insights on the global dianhydride market, with North America expected to expand by 6.4% and an absolute opportunity of US$ 172.1 million by 2034. East Asia holds 30.9% market share and offers an opportunity of US$ 205 million by 2034. China market forecasted to reach US$ 257.3 million by 2034. US market set to grow at 6.5% CAGR from 2024 to 2034. Major players in the industry are focusing on innovation and capacity expansion to meet consumer demands. Market study covers pricing, sales growth, and production capacity of key dianhydride manufacturers worldwide. Companies investing in new product development to drive growth from 2024 to 2034. North America and East Asia expected to lead in market share and opportunities. US market to reach US$ 139.5 million by 2024. Key players driving innovation in the dianhydride market include Boshan Hengtai Chemical Factory, Mitsubishi Gas Chemical Company, and Evonik. An unbiased analysis by Fact.MR covers historical data from 2019 to 2023 and forecast statistics from 2024 to 2034, focusing on compound types, purity levels, functions, applications, and key regions globally.Industrial and manufacturing sectors expected to drive demand for dianhydrides, with major players focusing on innovation and capacity expansion to meet consumer needs. Collaboration between Mitsubishi Gas Chemical and a Chinese company in China aims to boost production while reducing costs and increasing capacity. US dianhydride market set to grow at CAGR of 6.5% from 2024 to 2034, offering an absolute opportunity of US$ 121.7 million. Rising demand in the electronics, automotive, and aerospace industries to fuel market growth in the US. GLOBE NEWSWIRE: Fact.MR reports on the global dianhydride market, with North America anticipated to grow by 6.4% and provide an absolute opportunity of US$ 172.1 million by 2034. East Asia to hold 30.9% market share with an opportunity of US$ 205 million by 2034. China market projected to reach US$ 257.3 million by 2034. US market estimated to grow at 6.5% CAGR from 2024 to 2034. Key players driving innovation in the dianhydride market include Boshan Hengtai Chemical Factory, Mitsubishi Gas Chemical Company, and Evonik. An unbiased analysis by Fact.MR covers historical data from 2019 to 2023 and forecast statistics from 2024 to 2034, focusing on compound types, purity levels, functions, applications, and key regions globally.
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The global dianhydride market is expected to grow to US$ 750.4 million by 2024 and reach US$ 1.37 billion by 2034 at a CAGR of 6.2%. Demand is driven by resins, adhesives, and high-performance materials made using dianhydrides as monomers. North America and East Asia dominate sales, with a preference for dianhydride purity below 98%. “{}”For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7370. Leading industry participants include Boshan Hengtai Chemical Factory, Mitsubishi Gas Chemical Company, Nexam Chemical, and more. Market study from 2019 to 2023 with forecasts to 2034 covers key regions and applications of dianhydrides, offering insights for strategic decision-making and growth opportunities. “{}”The global dianhydride market is set to reach US$ 750.4 million by 2024, expanding at a CAGR of 6.2% to US$ 1.37 billion by 2034. The market is driven by demand for resins, adhesives, and high-performance materials. North America and East Asia lead in sales, with more than half of global sales expected to come from these regions over the next decade. Key players driving innovation include Boshan Hengtai Chemical Factory, Mitsubishi Gas Chemical Company, and Evonik. An unbiased market analysis by Fact.MR offers historical data from 2019 to 2023 and forecast statistics from 2024 to 2034, presenting insights on compound types, functions, purity levels, applications, and key regions globally. Collaborations between industry leaders like Boshan Hengtai Chemical Factory, Daikin Chemicals, and Mitsubishi Gas Chemical Company drive innovation in the dianhydride market globally. North America projected to expand at 6.4% and generate US$ 172.1 million opportunity by 2034. East Asia to hold 30.9% market share with US$ 205 million opportunity. China market expected to reach US$ 257.3 million by 2034. For Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=7370.Companies like Boshan Hengtai Chemical Factory, CABB Chemicals, and Mitsubishi Gas Chemical Company are leading innovation in the dianhydride industry. With an expected CAGR of 6.5% from 2024 to 2034, the US dianhydride market is set to reach US$ 139.5 million by 2024, offering a $121.7 million opportunity for growth over the next decade. Rising demand in electronics, automotive, and aerospace sectors driving market expansion in the US. The global dianhydride market is forecasted to reach US$ 750.4 million by 2024, growing at a CAGR of 6.2% to US$ 1.37 billion by 2034. Resins, adhesives, and high-performance materials are propelling market demand. North America and East Asia dominate sales, with collaborations driving innovation. Fact.MR provides unbiased market analysis with historical data from 2019 to 2023 and forecast statistics from 2024 to 2034, highlighting compound types, purity levels, functions, applications, and key regions globally.



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