Market Overview
Isatoic acid anhydride is used in various industry such as agricultural, pharmaceutical, and others but the Isatoic acid anhydride market is especially driven by agriculture industry. It is highly used as intermediate for herbicides, pesticides, flavors, organo luminophores, fragrances, saccharin, pigments, dye carriers, ultraviolet light absorbers, intumescent agents, antioxidants, and others. In addition, the growing agriculture industry is driving the Isatoic acid anhydride market. On the basis of geography, market share of Isatoic acid anhydride is high in Asia Pacific region and is also expected to increase at a high growth rate as compared to other regions such as North America, Europe, Latin America and Middle East.
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Market Segmentation-
Global isatoic acid anhydride market is segmented by applications, and end user industry, and region. On the basis of applications the isatoic acid anhydride market is divided by dye & pigments, pesticides, herbicides, saccharin, flavors, and others. Isatoic acid anhydride extensively used in the production of a wide range of dyes and fine chemicals. Industrially, isatoic acid anhydride is an intermediate in the production of azo dyes. Furthermore, Isatoic acid anhydride is also highly applicable as an intermediate in various pesticides such as insecticides, fungicides, herbicides, sprout inhibitors, biocides, and others. Isatoic acid anhydride also used as saccharin to sweeten products such as drinks, candies, cookies, and medicines. Several investigators worked on the synthesis of isatoic acid anhydride dyes in the various conditions which have shown significant biological activity especially against bacteria S. aureus and E. coli. The mixed ligand complexes of cobalt, nickel, copper, and zinc with isatoic acid anhydride and tributylphosphine have shown profound activity against Staphylococcus, Klebsiella SPP. and Bacillas. Furthermore, the rhodium complexes with (N-phenyl) isatoic acid anhydride ligands are used as catalysts for the hydrogenation. Several other mixed ligands complexes with isatoic acid anhydride were described to have antifungal and antibacterial features. The isatoic acid anhydride complexes have varied application in daily life and some of them have been found useful for human life while others are harmful.
On the basis of end use industry the isatoic acid anhydride market segmented as pharmaceutical, agrochemicals, perfume, food & beverages, and others. Among all industry agriculture and pharmaceutical industry occupied the highest market share. The increasing consumption of Isatoic acid anhydride in various industry such pharmaceutical, agrochemicals, perfume, food & beverages, and others will drive the global Isatoic acid anhydride market in the forecasted period.
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Competitive analysis-
Key players of the global Isatoic acid anhydride market are BASF SE (Germany), The Dow Chemical Company (US), Alfa Aesar (India), Crystal Quinone Pvt. Ltd. (India), Taj Active Pharmaceuticals Ingredients (India), Wujiang New Sunlion Chemical Co., Ltd. (China), HIMALAYA CHEMICALS (India), ISHITA INDUSTRIES (India), KESHAR EMULSION PVT LTD (India), TCI (Shanghai) Development Co., Ltd (China), and others.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
Regional Analysis
Asia Pacific is the largest market of isatoic acid anhydride due to huge consumption in dye & pigments, and agrochemical industry, in China region followed by India, Thailand, and Japan. Increasing demand for agrochemical industry in China, India, Japan, Taiwan, and South Korea has made Asia Pacific largest consumer of the global Isatoic acid anhydride market followed by increasing in the consumption of Isatoic acid anhydride market in Europe region. In Europe region, Isatoic acid anhydride market is drive by perfume, pharmaceutical, and food & beverages industry. In addition, the third largest market of Isatoic acid anhydride is North America region due to large consumption in agricultural, pharmaceutical, and others industry. Moreover, Latin America and Middle East also observed in growth of Isatoic acid anhydride market due to various application such as pharmaceutical, dye & pigments, perfume, agrochemicals, and others.
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