The global isatoic acid anhydride market was evaluated US$ X.32 Bn in terms of value and is expected to reach X.98 Bn by 2027, at a CAGR of X.12% during a forecast period.
This compound belongs to the class of organic compounds known as benzoxazines. These are organic compounds containing benzene fused to an oxazine ring (a six-membered aliphatic ring with four carbon atoms, one oxygen atom, and one nitrogen atom). Isatoic acid anhydride generally white solid in pure form, though commercial samples may appear yellow.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
Massive growth and development in the pharmaceutical industries are leading the market growth. The application of Isatoic acid in dyes and pigments is driving the market growth. Growth of the pharmaceutical industries is expected to drive by the increasing spending power, consumer lifestyles, and disposable income of consumers in the developing economies. This drives the demand for a number of pharmaceutical ingredients of which Isatoic acid anhydride is a part. Additionally, the application of Isatoic acid anhydride in agrochemicals, especially pesticides and herbicides are significant for the demand growth of Isatoic acid anhydride.
Result of growing global population, a growth of around 1% per annum, is going to demand high yield crop technologies thus Isatoic acid anhydride will play a crucial role for this application, and expected to contribute to the demand growth of Isatoic acid anhydride market. Rising outputs have led to the industry growths in line with that of the global GDP, further driving the demand growth for Isatoic Acid Anhydride, which is used as chemical intermediates and chain stoppers in polymer and rubber manufacturing. Characteristic like chemical stability is attracting the vendors to invest in the market. Furthermore, the application of the market driven by perfumes, polymers, flavours, food and beverages, and other sector is contributing to the market growth.
However, fluctuation in the product cost and presence of numerous substitutes for the product is expected to hamper the market growth.
Isatoic Acid Anhydride Market Segment analysis:
By application segment, the pharmaceutical segment documented for a large share of the Isatoic acid anhydride market in 2019, the result in increased demand for Isatoic. Utilization of isatoic anhydride in the syntheses of various types of quinazoline and quinazolinone derivatives is going to boost the overall demand in the coming years. Isatoic anhydride derivatives having an N-substituent which includes a quaternary ammonium group are useful for labelling and functionalizing a target material and/or for coupling materials together. The isatoic anhydride derivatives of the present disclosure can be advantageously water-soluble, easily prepared, and purified. Isatoic anhydride derivatives useful in the present disclosure preferably have at least one chemically reactive group or at least one binding group or at least one detectable label. Anthranilate derivatives made from the isatoic anhydrides derivatives or otherwise and kits including the isatoic anhydride derivatives are delivering the vast application long and expected to boost the global isatoic acid anhydride market in coming years.
Isatoic Acid Anhydride Market Regional Analysis:
From the Asia Pacific region, developing regions like India, China, and Japan are considered as the major contributors for the isatoic acid anhydride market because of the lead producer of the largest manufacturer and leading key plyers like Taj Active Pharmaceuticals Ingredients, Wujiang New Sunlion Chemical Co., Ltd and XX, XX… present in the market. The Asia Pacific is expected to show lucrative growth in the coming years. APAC is the largest market of isatoic acid anhydride owing to the massive consumption in dye and pigments, and the agrochemical industry in China region followed by India, Thailand, and Japan. Increasing demand for the agrochemical industry in China, India, Japan, Taiwan, and South Korea has made the Asia Pacific the largest consumer of the global Isatoic acid anhydride market.
North America dominates the overall market with a share of more than 40%. The U.S. has been acknowledged as the leading consumer of isatoic acid anhydride in North America, owing to the high documented rate of hospital-acquired infections in the US and is propelling the demand for isatoic acid in the coming years as changing lifestyle is a major trend in this region expected to heighten the market demand with time span.
The objective of the report is to present a comprehensive analysis of the Global Isatoic Acid Anhydride Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Isatoic Acid Anhydride Market dynamics, structure by analysing the market segments and project the Global Isatoic Acid Anhydride Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Isatoic Acid Anhydride Market make the report investor’s guide.
Scope of Isatoic Acid Anhydride Market
Global Isatoic Acid Anhydride Market, By Type
• Dye and Pigments
Global Isatoic Acid Anhydride Market, By Application
• Chemical Intermediate
• Fuel and Lubricant
• Food & Beverages
Global Isatoic Acid Anhydride Market, By Region
• Asia Pacific
• North America
• Latin America
• Middle East & Africa
Key Players Operating the Isatoic Acid Anhydride Market,
• BASF SE
• The Dow Chemical Company
• Alfa Aesar
• Crystal Quinone Pvt. Ltd.
• Taj Active Pharmaceuticals Ingredients
• Wujiang New Sunlion Chemical Co.
• Himalaya Chemicals
• Ishita Industries
• Keshar Emulsion Pvt Ltd
• TCI (Shanghai) Development Co. Ltd
• Swastik Col Chem Pvt. Ltd
• Ambernath Organics Pvt. Ltd
• Anshul Specualty Molecules Private Ltd
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