Author: Vikas Kumar
19 January 2023
Theacetic anhydride market is expected to witness a CAGR of around 6% during the forecast period. Acetic Anhydride is a colorless liquid with a characteristic sharp odor. It is used in making plastics, drugs, dyes, perfumes, explosives, and aspirin. acetic anhydride is mostly used to acetylate materials that are important to the market. Its biggest application is for the change of cellulose-to-cellulose acetic acid derivation, which is a component of photographic film and other coated materials and is utilized in the production of cigarette filters. For instance, in 2020, 22.3% of the global population used tobacco, 36.7% of all men, and 7.8% of the world’s women. Similarly, it is used to make aspirin, which is made by acetylating salicylic acid. Additionally, it is used as an active modification agent to make durable and long-lasting timber through autoclave impregnation and subsequent acetylation.
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Based on application, the market is segmented into cigarette filters, coating materials, dyes, flavors and fragrance, pesticides & synthesizer, and others. The pesticides & synthesizer category is to witness the fastest growth rate during the forecast period. Due to acetic anhydride is used as a synthesizer in common painkillers like aspirin and acetaminophen; As a result, the compound’s consumption is also rising in tandem with the rising demand for pharmaceuticals.
Based on end-user, the acetic anhydride market has been classified into pharmaceuticals, textiles, agrochemicals, food & beverages, and others. Among them, the pharmaceuticals category is to witness considerable growth during the forecast period. Acetic anhydride is widely used as an acetylating agent and it is also used as a raw material for pharmaceutical drugs such as aspirin, acetaminophen, and other drugs. Moreover, acetic anhydride is widely employed for its acetylating and dehydrating properties across the food & beverage and manufacturing industries.
For a detailed analysis of the global acetic anhydride market browse through– https://univdatos.com/report/acetic-anhydride-market/
For a better understanding of the market adoption of the acetic anhydride market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to rising demand from various end-user industries like polymers, textiles, and pharmaceuticals in the region. The majority of the growth in this region’s market can be attributed to China, Japan, and India. Due to lower manufacturing and labor costs, China is the region’s largest producer of acetic anhydride and cellulose acetate. Also, with the rising demand for the textile and pharmaceutical industries, the Indian market is anticipated to expand significantly. Moreover, the Indian government is continuously taking initiatives to drive the acetic anhydride market in the country. For instance, in 2021, Minister for Commerce and Industry, Textiles, Consumer Affairs, Food & Public Distribution, announced the creation of 100 textile machinery champions in the country, and to promote them in the global market.
Some of the major players operating in the market include BASF SE, Jiangsu Danhua Group Co. Ltd., Jubilant Life Sciences, SABIC, Celanese Corporation, Sasol Limited, Eastman Chemical Company, PetroChina Ltd., DuPont, and Merck KGaA
Global Acetic Anhydride Market Segmentation
Market Insight, by Application
Market Insight, by End-User
Market Insight, by Region
Top Company Profiles
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