According to IMARC Group’s recently published report titled “Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global acetic anhydride market reached a volume of 2.8 Million Tons in 2020 and is expected to exhibit moderate growth during the forecast period (2021-2026). Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Acetic anhydride is a transparent, colourless liquid with a strong pungent smell very similar to acetic acid from which it is synthesised. Acetic anhydride is an important reagent in organic synthesis of a number of chemicals. It is used in the manufacturing process of products ranging from cellulose acetate and aspirin to perfumes and wood preservatives. The report provides a comprehensive insight into the industry including its market breakup by region, market breakup by end-use, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of acetic anhydride, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
IMARC Group provides an analysis of the key trends in each sub-segment of the global acetic anhydride market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and end-use.
Breakup by End-Use:
The report has segmented the global acetic anhydride market based on its end-use in various industries. The cellulose acetate flake manufacturing industry accounts for the majority of acetic anhydride consumption. Cellulose acetate flake is mainly used in the manufacturing of cigarette. This industry is followed by pharmaceuticals and TAED (Tetraacetylethylenediamine) manufacturing industry. In the pharmaceuticals industry, acetic anhydride is mainly used for manufacturing aspirin. Other applications of acetic anhydride include- the manufacturing of polymers/resins, dyes, flavours, fragrances, etc.
Breakup by Region:
The report has further segmented the global acetic anhydride market on the basis of its key regions. The report finds that North America currently represents the world’s biggest producer of acetic anhydride accounting for more than a third of the total global production. North America is followed by China, Western Europe, North East Asia and South East Asia. On the basis of the import and export data analysed by the report, Belgium represents the largest global importer of acetic anhydride followed by Germany, Netherlands, the United States of America and Switzerland.
The report has also analysed the key players which are currently operating in the global acetic anhydride market. Some of the companies analysed in the report include
The global acetic anhydride market size reached 2.8 Million Tons in 2020.
According to the estimates by IMARC Group, the global acetic anhydride market is expected to exhibit moderate growth during 2021 to 2026.
The extensive utilization of acetic anhydride in the manufacturing process of cellulose acetate, aspirin, perfumes, wood preservatives, etc., represents one of the key drivers for the global acetic anhydride market.
With an increase in the number of smokers globally, there has been a growing usage of acetic anhydride in the manufacturing of cellulose acetate, which is used to produce cigarette filter tow.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous chemical-based industries, thereby limiting the demand for acetic anhydride.
On the basis of the end-use, the market has been divided into cellulose acetate flake manufacturing industry, pharmaceuticals industry, and TAED (Tetraacetylethylenediamine) manufacturing industry and others. Among these, cellulose acetate flake manufacturing industry represents the largest segment.
On the basis of the import and export, the market has been segmented into Belgium, Germany, Netherlands, the United States of America, and Switzerland. At present, Belgium is the largest importer of acetic anhydride in the market.
Region-wise, the market has been classified into North America, China, Western Europe, North East Asia, South East Asia, and others, where North America dominates the global market.
The key companies in the global acetic anhydride market are Celanese, BP Chemicals, Eastman Chemical Company, BASF, Jubilant Life Sciences, DuPont, SABIC, PetroChina Ltd., Sasol Limited, Daicel, Sipchem, and Rhodia.
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