What is Global Alkyl Succinic Anhydride Market?
The Global Alkyl Succinic Anhydride Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. Alkyl Succinic Anhydride (ASA) is a type of sizing agent that is commonly used in the papermaking industry. It is a derivative of succinic anhydride and is produced by the reaction of maleic anhydride and a branched-chain alkene. The global market for ASA is growing due to its increasing demand in various applications such as sizing agent, curing agent, and others.
OSA, ODSA, NSA, DDSA, Others in the Global Alkyl Succinic Anhydride Market:
The Global Alkyl Succinic Anhydride Market is segmented into different types such as OSA, ODSA, NSA, DDSA, and others. OSA (Octenyl Succinic Anhydride) is widely used in the food and beverage industry as an emulsifier. ODSA (Octadecenyl Succinic Anhydride) is commonly used in the production of surfactants. NSA (Nonyl Succinic Anhydride) is used in the production of corrosion inhibitors. DDSA (Dodecenyl Succinic Anhydride) is used in the production of epoxy curing agents. The other types of ASA are used in various other applications. The demand for these types of ASA is increasing due to their wide range of applications in different industries.
Sizing Agent, Curing Agent, Other in the Global Alkyl Succinic Anhydride Market:
The Global Alkyl Succinic Anhydride Market finds its usage in various areas such as sizing agent, curing agent, and others. As a sizing agent, ASA is used in the papermaking industry to provide water resistance to paper. It is also used as a curing agent in the production of epoxy resins. The other uses of ASA include its use in the production of surfactants, corrosion inhibitors, and emulsifiers. The increasing demand for these products is driving the growth of the global ASA market.
Global Alkyl Succinic Anhydride Market Outlook:
The global Alkyl Succinic Anhydride market, which was valued at US$ 224.7 million in 2022, is expected to reach US$ 317.5 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period of 2023-2029. Kemira, a global chemicals company, is the leading player in this market, holding approximately 25% of the revenue market share in 2019. The growth of the Alkenyl Succinic Anhydride (ASA) market is primarily driven by the increasing demand for sizing agents in papermaking, which accounts for nearly 80% of the total downstream consumption of Alkenyl Succinic Anhydride (ASA).
| Report Metric | Details |
| Report Name | Alkyl Succinic Anhydride Market |
| Accounted market size in 2022 | US$ 224.7 million |
| Forecasted market size in 2029 | US$ 317.5 million |
| CAGR | 5.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Kemira, Albemarle, Vertellus, Milliken Chemical, Mare Holding (AkzoNobel), Ineos, Chevron Phillips Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
