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.
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:
- Cellulose acetate
- Tetraacetylethylenediamine (TAED)
- North America
- Western Europe
- North-east Asia
- South-east Asia
- Middle East and Africa
- Eastern Europe
- BP Chemicals
- Eastman Chemical Company
- Jubilant Life Sciences
- PetroChina Ltd.
- Sasol Limited
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