Global Acetic Anhydride Market Stimulated by Expanding Applications from Emerging Regions

Acetic anhydride is used in the production of numerous commercially important chemical materials. Currently, the global acetic anhydride market is being driven by its growing applications in the emerging regions.



Acetic anhydride, also known as acetic acid anhydride and ethanoic anhydride, represents a widely-used reagent in organic synthesis. It is reactive, combustible and toxic in nature with a colourless appearance and a strong vinegar-like odour. Acetic anhydride is mainly used as an acetylation agent and is utilised in the preparation of a number of commercially important chemical materials. Some of the major derivatives of acetic anhydride include cellulose acetate, aspirin (acetylsalicylic acid), Tetraacetylethylenediamine (TAED), etc. Acetic anhydride is also used as a wood preservative and in the manufacturing of modified starches, artificial sweeteners, pesticides, etc. According to the latest report by IMARC Group, titled, “Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global acetic anhydride market reached a value of nearly US$ 5 Billion in 2016, growing at a CAGR of around 7% during 2009 – 2016.

global acetic anhydride market
 

Highlights of the global acetic anhydride market:

  • The majority of acetic anhydride goes into the production of cellulose acetate.
  • The increasing demand from emerging regions is expected to drive the market growth.
  • North America represents the largest market for acetic anhydride.


In the developed markets, the consumption of acetic anhydride is either stagnant or declining as a result of market maturity and the implementation of various environmental regulations regarding its usage. The emerging markets, on the other hand, are currently driving the demand, on account of the expansion of various end-use industries of acetic anhydride, such as cellulose acetate, TAED, pharmaceuticals, textiles, dyes, pigments, etc.

On the basis of end-use, the cellulose acetate industry represents the largest consumer of acetic anhydride. Cellulose acetate is further used to produce cigarette filters, textiles, wound dressings, hygiene products, tool handles, etc. Other major consumers of acetic anhydride include pharmaceuticals and Tetraacetylethylenediamine (TAED). On the basis of regional segmentation, North America currently represents the largest market, accounting for the majority of the total global consumption. Other markets include China, Western Europe, North-east Asia, South-east Asia, Middle East and Africa and Eastern Europe. Some of the top manufacturers operating in the market include Celanese, BP Chemicals, Eastman Chemical Company, BASF, Jubilant Life Sciences, etc.

The report by IMARC Group has examined the global acetic anhydride market on the basis of:


End-Use:

  • Cellulose acetate
  • Pharmaceuticals
  • Tetraacetylethylenediamine (TAED)

Region:

  • China
  • North America
  • Western Europe
  • North-east Asia
  • South-east Asia
  • Middle East and Africa
  • Eastern Europe

Key Manufacturers:

  • Celanese
  • BP Chemicals
  • Eastman Chemical Company
  • BASF
  • Jubilant Life Sciences
  • DuPont
  • SABIC
  • PetroChina Ltd.
  • Sasol Limited
  • Daicel
  • Sipchem
  • Rhodia

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

 

Contact Us

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: http://www.imarcgroup.com
Follow us on twitter: @imarcglobal


Related Report

Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

According to IMARC Group’s recently published report titled “Acetic Anhydride Market – Industry Trends, Prices, Manufacturing Process, Applications, Raw Materials, Manufacturers, Regional Breakup and Mass Balance”, the global acetic anhydride market has grown at a CAGR of 5.6% during 2008-20...


Zeolite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Zeolites are solid minerals composed of aluminium, silicon and oxygen which form a framework of cavities in between that can hold water or other small molecules. This three-dimensional crystalline structure is also known as molecular sieve due to the gaps in it.


Industrial Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

According to the report, the market is expected to reach a value of more than US$ 86 Billion by 2022, exhibiting a CAGR of more than 3% during 2017-2022.


Industrial Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

According to the latest report by IMARC Group, “Industrial Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global industrial catalyst market reached a value more than US$ 18 Billion in 2016.


Vinyl Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

The latest report by IMARC Group titled, “Vinyl Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global vinyl flooring market reached a volume of 965 Million Sq. Metres, growing at a CAGR more than 5% during 2009-2016.