Dianhydride Market

Dianhydride Market Outlook (2024 to 2034)

The global dianhydride market size is projected at a value of US$ 750.4 million in 2024 and has been calculated to expand at a CAGR of 6.2% to end up at US$ 1.37 billion by 2034. North America and East Asia will lead and account for high dianhydride market shares over the next ten years as compared to other regional markets.

Dianhydride market growth is being driven by rising demand for resins, adhesives, and high-performance materials in several industries. It is used as a monomer to create polyamides, high-temperature resistant polymers with uses in electronics, automotive, and aerospace. This chemical is also utilized as a filler in the manufacturing of medications, including excipients and APIs. For the maleic anhydride catalyst that is rapidly needed for the production of dianhydrides, key market players are Huntsman Corporation and Solvay.

Report Attribute	Details
Dianhydride Market Size (2023A)	US$ 703.9 Billion
Estimated Market Value (2024E)	US$ 750.4 Billion
Forecasted Market Value (2034F)	US$ 1.37 Billion
Global Market Growth Rate (2024 to 2034)	6.2% CAGR
North America Market Share (2024E)	26.7%
East Asia Market Growth Rate (2024 to 2034)	6.5% CAGR
China Market Growth Rate (2024E)	7.3% CAGR
Market Share of Top 5 Companies	~24%
Key Companies Profiled	Boshan Hengtai Chemical Factory; CABB Chemicals; Daikin Chemicals; Evonik; Fanxian Guofeng Fine Chemical Co., Ltd.; Fanxian Senyuan Chemical Industry Co., Ltd.; Fengchen Group Co., Ltd; Hualun; Huangshan Deping Chemical Co., Ltd.; Liyang Qingfeng Fine Chemical Co., Ltd.; Mitsubishi Gas Chemical Company; Nexam Chemical; Puyang Longde Young New Material Co., Ltd.; Puyang Shenghuade Chemical Co., Ltd.; Rugao Leheng Chemical Co., Ltd.; Shandong Helishi Petrochemical Technology Development Co., Ltd.; Shijiazhuang Hope Chemical Co., Ltd.; UIV Chem; Other Prominent Players.

Sales Analysis of Dianhydride (2019 to 2023) vs. Market projections (2024 to 2034)

A predictive analysis was conducted and key dianhydride market trends have been analyzed for the forecast period of 2024 to 2034, with the historical growth rate of the market pegged at 5.9% from 2019 to 2023.

Historical Attribute	Details
Market Size (2019A)	US$ 555.5 million
Market Size (2023A)	US$ 703.9 million
Historical CAGR (2019 to 2023)	5.9%
Forecasted CAGR (2024 to 2034)	6.2%

• Short Term (2024 to 2027): The market will increase steadily led by the expansion of emerging economies. Expansion will be aided by the growing usage of dianhydride in pesticide and herbicide applications in agriculture. However, it is anticipated that environmental concerns and regulatory challenges will have an adverse impact on the market, slowing its expansion.
• Medium Term (2027 to 2030): Use of dianhydride in advanced materials and nanotechnology applications will increase significantly over this time. It will also be widely used in resin manufacturing worldwide.
• Long Term (2030 to 2034): Market growth will be bolstered due to its use in renewable energy storage applications, including wind turbines and solar panels. Growth will be fueled by the growing need for customized dianhydrides as businesses search for specialized solutions to fulfil different requirements.

According to Fact.MR, the dianhydride market size will be valued at US$ 750.4 million in 2024. Demand is projected to rise at a CAGR of 6.2% and reach a market value of US$ 1.37 billion by the end of the forecast period (2024 to 2034).

What are the Key Dianhydride Market Trends?

“Rising Dianhydride Usage in Manufacturing of High-performance Adhesives & Coatings”

Dianhydride is used in the production of high-performance coatings and adhesives. Pyromellitic dianhydride (PMDA) is a white solid compound that is utilized in the production of polyesters, epoxy resins, polycarbonates, polyether, plasticizers, and other thermoplastics. Market expansion will be complemented by increasing demand for thermoplastics from various end-use sectors, including paints and coatings, lubricants, glue production, and automobiles.

Use of benzophenone tetracarboxylic dianhydride (BTDA) compounds, which have a high glass transition temperature and are brittle, has been increasing as a competitive substitute for PMDA. Due to this, producers have been spending on the research and development of alternative anhydrides, which not only solves PMDA's drawback but also expands the entire use case for dianhydrides.

"Requirement for 6-FDA as Advanced Aerospace Composite”

Hexafluoroispropylidene diphthalic anhydride (6-FDA) compound is widely utilized worldwide as a superior aircraft composite, particularly in developed countries. Additionally, 6-FDA offers better electrical performance and heat resistance, two crucial features for contemporary FCCL circuits in 5G-capable smartphones and other personal electronics. It is being widely used in the semiconductor and electronics manufacturing sector.

Furthermore, 6FDA is employed in sophisticated composite applications, including AFR-PE4, an American-developed matrix resin that attains a 360oC transition temperature without requiring MDA. Additionally, 6-FDA makes it possible to produce transparent, colorless polyimide films, in contrast to conventional yellow-brown polyimides. Subsequently, foldable displays made of polyimide film have become a competitive alternative to glass.

What is Hampering Dianhydride Market Growth to Some Extent?

“Strict Regulations and Volatile Raw Material Prices”

Strict laws and unstable raw material prices are impeding the growth of the worldwide dianhydride industry. Fluctuating prices of raw materials pose a challenge for producers in terms of cost prediction and management. Manufacturers are required to furnish comprehensive data regarding the safety and environmental impact of their products under the REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) law of the European Union. The U.S. Toxic Substances Control Act (TSCA) also governs the use of dianhydrides and other specific compounds.

To create high-temperature-resistant adhesives, such as those used in automotive and aerospace applications, dianhydride is employed as a monomer. Polyimide films, which find application in flexible screens, flexible batteries, and medical devices, are produced using dianhydride. Market expansion is being hampered by these issues, especially in areas such as North America and Europe where regulations are comparatively stringent.

Country-wise Insights

Country-wise Forecasts for Dianhydride Market

Country	CAGR
U.S.	6.5%
China	7.3%
Japan	5.7%
South Korea	5.5%

What Can Dianhydride Suppliers Expect from the U.S. Market?

“Market Growing Steadily Despite High Competition and Complexity"

From 2024 to 2034, The United States dianhydride market is projected to expand at a CAGR of 6.5%, mostly due to rising infrastructure and industry investments. The United States market will account for a value of US$ 139.5 million by 2024 and offer an absolute dollar opportunity worth US$ 121.7 million between 2024 and 2034.

Growth prospects for dianhydride suppliers are anticipated in the U.S. market due to rising demand from a variety of industries, including electronics, automotive, and aerospace. Additionally, domestic dianhydride suppliers are likely to benefit from the U.S. government's initiatives to boost domestic production and lessen dependency on international supply chains. Nonetheless, the U.S. market is fiercely competitive due to well-established companies and substantial import duties.

Why are suppliers of dianhydride focusing on China?

“Growing Production of Dianhydride dominates in China”

The China market is expected to grow at a CAGR of 7.3% during the projected period and reach a market value of US$ 257.3 million by 2034.

China has maintained its unchallenged dominance in the paint and coatings, resin production, and electronics manufacturing industries. The country has easy access to raw materials and reasonably priced labor, making it a global manufacturing hub. China produces a sizable share of the dianhydrides that are supplied globally.

Furthermore, the country has been able to draw in a lot of investments due to the existence of multiple special economic zones and increased demand, particularly from China's end-use sectors. Using dianhydride, Shanghai Hengyu Chemical Co., Ltd. created a high-temperature resistant novel polyimide film that is expected to be used in aviation.

Category-wise Insights

Where is Dianhydride Most Widely Used?

"Usage in Adhesives and Precursors to Bring in High Revenue Streams"

Projections are that dianhydride use in adhesives and precursors will provide a combined market value worth US$ 471.3 million in 2024.

Dianhydrides’ special characteristics, especially its high reactivity and thermal stability, make it an important material in the production of composite materials. Utilization of dianhydride in the manufacturing process of advanced substances is projected to push the industry participants’ high sales volumes.

For instance, dianhydride is employed in the manufacturing of sophisticated composites for the fuselage and wings of aircraft. These composites are perfect for aircraft applications because they have a better strength-to-weight ratio, are resistant to corrosion, and have reduced weight. Since Boshan Hengtai Chemical Factory is already a significant supplier of dianhydride to the aerospace industry, businesses like them are well positioned to profit from this development.

Which Dianhydride Application Accounts for Higher Consumption?

“Resin production to Remains Most Important”

In 2024, 37.2% of the global dianhydride market was accounted for by resin production. This segment is expected to continue to be the most important application category in terms of revenue contribution. Furthermore, dianhydride is used in the paints and coatings sector where most producers focus on its curing agent properties, particularly in the production of epoxy and polyamide.

The production procedure of the aforementioned resins uses dianhydride because of its superior curing characteristic. It is reactive and rigid when melted. Resins that have been cured have a high glass transition temperature and are brittle. As such, other dianhydrides such as BTDA have been used in place of PMDA with epoxies in certain applications.

Adhesive and coating manufacturers are looking for ways to take advantage of dianhydride’s excellent cross-linking property, and they are working with dianhydride manufacturers to develop targeted products that cater to specific applications across a variety of end-use verticals, even though resin production has remained a crucial application targeted by manufacturers.

Competitive Landscape

Leading companies in the dianhydride market are Boshan Hengtai Chemical Factory, CABB Chemicals, Daikin Chemicals, Evonik, Fanxian Guofeng Fine Chemical Co., Ltd., Fanxian Senyuan Chemical Industry Co., Ltd., Fengchen Group Co., Ltd., Hualun, Huangshan Deping Chemical Co., Ltd., Liyang Qingfeng Fine Chemical Co., Ltd., Mitsubishi Gas Chemical Company, Nexam Chemical, Puyang Longde Young New Material Co., Ltd., Puyang Shenghuade Chemical Co., Ltd., Rugao Leheng Chemical Co., Ltd., Shandong Helishi Petrochemical Technology Development Co., Ltd., Shijiazhuang Hope Chemical Co., Ltd., and UIV Chem.

To reduce prices, performance must be improved and costs must be reduced, both of which require R&D in production. Moreover, dianhydride has been recognized as a viable option for numerous emerging applications in the adhesive, paint & coating, and semiconductor manufacturing sectors.

• In Mar 2024, a joint venture between Mitsubishi Gas Chemical Company and a Chinese company was established with the goal of constructing a new dianhydride production facility in China to meet the country's expanding demand while lowering prices and increasing capacity.

Fact.MR has provided detailed information about the price points of key manufacturers of dianhydride positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Dianhydride Market Research

• By Compound :

  • Pyromellitic Dianhydride (PMDA)
  • Benzophenone Tetracarboxylic Dianhydride (BTDA)
  • Hexafluoroispropylidene Diphthalic Anhydride (6-FDA)
  • Others (CBDA, ODPA, CHDA, etc.)

• By Purity :

  • Below 98% Dianhydride
  • Above 98% Dianhydride

• By Function :

  • Additives
  • Precursors
  • Curing Agents
  • Chain Extenders

• By Application :

  • Resin Production
    • Epoxy
    • Polyester
    • Polyether
    • Polyimide (Kapton)
    • Others
  • Adhesive Production
  • Coating Production
  • Moulding Powder Production
  • Lubricant Production
  • Others

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa