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. According to IMARC Group’s recently published report titled “Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global acetic anhydride market has grown at a CAGR of 6.1% during 2014-2019. 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.
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.
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 Celanese, BP Chemicals, Eastman Chemical Company, BASF, Jubilant Life Sciences, DuPont, SABIC, PetroChina Ltd., Sasol Limited, Daicel, Sipchem and Rhodia.
Key Questions Answered in This Report:
The global acetic anhydride market was worth US$ 5.4 Billion in 2019.
The market’s primary drivers include the extensive application of acetic anhydride in the pharmaceutical industry for producing common medicines, such as aspirin, paracetamol and vitamins.
With an increase in the number of smokers globally, there has been a growing utilization of acetic anhydride in the manufacturing of cellulose acetate, which is used to produce cigarette filter tow.
The global acetic anhydride market has experienced a negative impact due to the outbreak of the coronavirus disease (COVID-19). The occurrence of this pandemic has slowed down the manufacturing operations of chemical industries due to labor shortages and disruptions in the supply of raw materials.
The global acetic anhydride market is expected to reach US$ 7.9 Billion by 2025.
Based on the end-use, the market has been segregated into cellulose acetate, pharmaceuticals, tetraacetylethylenediamine (TAED) and others. Amongst these, cellulose acetate accounts for the majority of the overall market share.
Region-wise, North America holds the leading position in the market. Other major regions include China, Western Europe, North East Asia, South East Asia, Middle East and Africa, and Eastern Europe.
The leading manufacturers operating in the industry are Celanese Corporation, BP Chemicals, Eastman Chemical Company, BASF SE, Jubilant Life Sciences Limited (JLL), DuPont de Nemours, Inc., SABIC, PetroChina Company Ltd., Sasol Limited, Daicel Corporation, Saudi International Petrochemical Company (Sipchem) and Rhodia Specialty Chemicals India Pvt. Ltd.
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