Acetic Anhydride Market Growth | Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2027

May 17, 2022

Market Overview

Acetic anhydride growth is a clean, colorless liquid with a strong odor of vinegar. It is soluble in water. Acetic anhydride is widely used as a wood preservative for making durable timber. It is used in various applications such as filter tows, fiber, plastics, dyes, pesticides, flavors, fragrances, and others. The major application of acetic anhydride is the formation of cellulose acetate, which is driving the demand for the product. Cellulose acetate is mainly used in the manufacturing of cigarette filters, photographic films, coating materials, and others. The rising demand for acetic anhydride in pharmaceuticals as an intermediate is the major factor driving the growth of the market. Extensive use of acetic anhydride in the production of aspirin and paracetamol, effective for generic disease such as cold, fever, and bodily pain. The increasing use of flavors and fragrances in food and beverage industry is another factor fuelling the market growth. Moreover, the product is used for manufacturing of tetraacetylethylenediamine (TAED), a bleach activator used in laundry detergent. It acts as a solvent and key ingredient in pesticides such as acephate and other herbicides. Spandex, a light-weight fiber, generally used in manufacturing of swimwear and sportswear. The spandex are manufactured by polytetramethylene ether glycol, which uses acetic anhydride. However, the increasing awareness about ill-effects of cigarettes coupled with stringent governmental regulations may challenge the market growth. Nevertheless, the radiolabelling of proteins and viruses in mammalian tissue culture is anticipated to be one of the emerging opportunities in the global market.

Market Segmentation

The global Acetic Anhydride Market Growthe is segmented on the basis of application, end-user, and region.

On the basis of the application, the global market is segmented into cigarette filter, chemical intermediate, coating materials, dye, flavors & fragrance, pesticides, synthesizer, and others.

Based on the end-user, the global market is categorized into pharmaceuticals, textiles, agrochemicals, food & beverages, and others.

Regional Analysis

The global Acetic Anhydride market size is segmented into five major regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

North America is leading the global acetic anhydride market growth owing to the high production of the product in this region. Many of the major acetic anhydride producing companies are located in the U.S. The increasing demand for acetic anhydride from the major applications such as cellulose acetate and pharmaceuticals in this region is likely to fuel the market growth during the assessment period. The U.S. implemented acetic anhydride regulation to reduce the availability of heroin in 1989 as it is a precursor to the drug production. Moreover, the FDA limits the use of acetic anhydride to 2.5% in food starch. These stringent regulations are likely to hinder the market growth in this region.

Followed by North America, Asia Pacific is expected to emerge as the fastest growing region in the global acetic anhydride market. China is the major manufacturer of acetic anhydride due to the low production cost and abundance of labor. Similar to North America, China has implemented the “UN Convention on Drug Precursors,” wherein the signatories subject to strict licensing for production, sales, purchase, and transportation of such precursor chemicals. India is likely to witness a significant growth of the market owing to the increasing demand from textiles, pharmaceuticals, and polymer industries.

The regional market of Europe is mainly driven by the product used in tetraacetylethylenediamine (TAED) for laundry detergent and cellulose acetate for cigarette filters.

Competitive Analysis

Some of the important manufacturers in the global acetic anhydride market size are Celanese Corporation (U.S.), BASF SE (Germany), Eastman Chemical Company (U.S.), Jubilant Life Sciences Ltd. (India), DuPont (U.S.), Merck KGaA (Germany), Bufa Chemikalien Gmbh & Co. KG (Germany), Daicel Corporation (Japan), Fischer Chemic (India), Hudson Chemical Corp (U.S.), Mil-Spec Industries Corporation (U.S.), Aldon Corporation (U.S.), Laxmi Organic Industries Ltd. (India), Atanor SCA (Argentina), and Jiangsu Danhua Group Co. Ltd (China).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

https://www.marketresearchfuture.com/reports/refractories-market-2393

https://www.marketresearchfuture.com/reports/chloromethane-market-2417