Core Viewpoint - The demand for Succinic Anhydride in China is increasing due to economic growth and industrialization, with significant potential in various downstream industries such as pharmaceuticals, pesticides, and petrochemicals [1][9]. Group 1: Industry Overview - Succinic Anhydride is an important organic synthesis intermediate and fine chemical raw material, widely used in various applications [2][7]. - The production capacity of Succinic Anhydride in China is expected to grow to 28,250 tons in 2024 and exceed 30,000 tons in 2025, with production reaching 11,975 tons and 15,445 tons respectively [1][9]. - The demand for Succinic Anhydride is projected to increase from 21,538 tons in 2018 to 33,236 tons in 2024, with a compound annual growth rate (CAGR) of 7.5% [9]. Group 2: Industry Development Environment - The Succinic Anhydride industry is influenced by various national and local policies aimed at enhancing safety and environmental standards in the chemical industry [4][6]. - Recent policies include the "14th Five-Year Plan" for the petrochemical industry and the "Implementation Plan for the Innovation and Development of the Fine Chemical Industry" [6]. Group 3: Industry Chain - The Succinic Anhydride industry chain consists of upstream raw material supply, midstream production, and downstream applications [11]. - Upstream materials include Anhydride and Hydrogen, which affect production costs and supply stability [11][13]. - Downstream applications are extensive, covering pharmaceuticals, pesticides, resins, coatings, and food additives [11][15]. Group 4: Competitive Landscape - The Succinic Anhydride market in China is characterized by a high concentration of production, with a few leading companies dominating the market [17]. - Major players include Henan Energy Chemical Group, Weinan High-tech Zone Huifeng New Materials, and Baoji Jinbaoyu Technology, with the top two companies holding a combined market share of 70.8% [17][18]. Group 5: Future Trends - The market for Succinic Anhydride is expected to expand due to increasing demand from the pharmaceutical, pesticide, and petrochemical sectors [19]. - Companies are likely to invest in technological innovations, focusing on breakthroughs in biotechnological production methods and new catalysts to enhance production efficiency [19][20]. - The competitive landscape is anticipated to evolve, with increased market concentration and the emergence of companies with technological and brand advantages [20].
2025年中国丁二酸酐行业政策、产业链、发展现状、市场竞争格局及行业发展趋势研判：下游行业的发展推动对丁二酸需求增加，丁二酸酐市场潜力巨大[图]