The Anthranilic Acid Market is to Touch $131.8 Billion by 2030; The market for anthranilic acid is expanding within the chemical sector due to its numerous uses in various industries.

The Anthranilic Acid Market size is estimated to reach $131.8 billion by 2030, growing at a CAGR of 1.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Anthranilic Acid Market  – By Grade (Pharmaceutical Grade, Reagent Grade, and Others), By Purity (95%, 98%, 99.5%, and Others), By Application (Chemical (Dyes, Pigments, and Others), Pharmaceutical, Corrosion Inhibitor, Mold Inhibitor, Perfumes, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”.

In the manufacturing of dyes, pigments, medications, and fragrances, anthranilic acid a derivative of aromatic amine and carboxylic acid is a crucial intermediary. It is a useful ingredient in both consumer and industrial applications due to its chemical flexibility. The pharmaceutical sector is the main driver of the market since it uses anthranilic acid to create a variety of medications, such as active pharmaceutical ingredients (APIs) for antibiotics and analgesics. Additionally, the production of azo dyes and other pigments by the textile and dye industries greatly contributes to market expansion. The growing fragrance and cosmetics sectors, which use anthranilic acid in high-end scents and UV absorbers, also increase demand.

APAC dominated the Anthranilic Acid Market in 2023 with a market share of 42%. In 2023, the Asia-Pacific (APAC) region became the market leader for anthranilic acid. Several causes have contributed to this domination, including the strong growth of end-use sectors including pigments, dyes, and pharmaceuticals. Because of their cheap production costs and plentiful supply of raw materials, nations like China and India are important centers for manufacturing. APAC's dominant position has also been strengthened by encouraging government policies that boost chemical production and rising expenditures in the area's industrial infrastructure. The domination of the APAC market is partly a result of the region's expanding textile industry, which mostly uses dyes derived from anthranilic acid. Additionally, the need for anthranilic acid, a crucial intermediary in medication manufacturing, is driven by the region's growing pharmaceutical industry.

The textile and leather industries depend on anthranilic acid as a vital raw element for the synthesis of azo dyes and pigments. Anthranilic acid use has significantly increased as a result of the growing need for vivid and durable colors in interior design and fashion. As disposable income levels rise and consumer preferences change toward high-quality textiles, emerging markets in underdeveloped nations are fueling this demand. Furthermore, the sustainability movement has encouraged advancements in dyeing methods, where anthranilic acid is a cost-effective and environmentally friendly ingredient. Because coatings and paints are essential to the worldwide automobile and construction industries, their expansion has also stimulated the pigment business. With stricter environmental laws, firms are depending more and more on anthranilic acid for producing environmentally safer dyes, further bolstering its demand.

The use of anthranilic acid as a precursor in flavor enhancers and artificial sweeteners like saccharin has significantly increased its usefulness in the food and beverage sector. The trend toward convenience and processed foods has increased demand for high-quality additives, of which anthranilic acid is an essential component. The demand for food goods has been further increased by consumers' increasing preference for better flavors and sensory experiences. Due to its established safety profile, anthranilic acid has also been adopted by manufacturers as a result of the increased emphasis on food safety and regulatory compliance. This tendency is especially noticeable in developed nations where strict food laws require the use of components that have been approved and evaluated. Due to changing dietary habits and a growing worldwide population, anthranilic acid's involvement in the food and beverage industry is poised for continuous growth.