Asia Pacific is projected to lead the global acetic anhydride market during the review period 2017-2023
The global acetic anhydride market is segmented into five key regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these regions, North America is holding a major share of the global market. The region accounts for around 35% share of the market on account of the high production of acetic anhydride in this region.
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The U.S is the major contributor to this regional market owing to the significant presence of the prominent manufacturers. The use of the product in manufacturing of cigarette filter tows and aspirin, paracetamol like drugs are the factors driving the market. Acetic anhydride is a precursor to heroin production and the U.S implemented regulation on the use of acetic anhydride to reduce the drug availability in November 1989. This may prove to be a hindrance to the market growth in this region.
The Asia Pacific is the fastest emerging region in the global acetic anhydride market due to the increasing demands from pharmaceuticals and textiles industries. At present, China is the major manufacturer of acetic anhydride owing to the low manufacturing and labor cost. Growing use of the products such as dyes and bleach activator drives the textile market in China. India is providing a better opportunity in this regional acetic anhydride market on account of the increasing demand for textiles, pharmaceuticals, and polymer industries among others.
The extensive use of acetic anhydride to produce tetraacetylethylenediamine (TAED), laundry detergent, and a bleach activator drives the European market. The surging demand for cellulose acetate in cigarette manufacturing is another factor propelling the market growth in this region.
Lastly, the Middle East and Africa are likely to showcase a significant demand for the product due to the gradual growth in the pharmaceutical industries in this region.
Some of the prominent manufacturers in the global acetic anhydride market are Celanese Corporation (U.S), BASF SE (Germany), Eastman Chemical Company (U.S), Jubilant Life Sciences Ltd. (India), DuPont (U.S), Merck KGaA (Germany), Bufa Chemikalien Gmbh & Co. KG (Germany), Daicel Corporation (Japan), Fischer Chemic (India), Hudson Chemical Corp (U.S), Mil-Spec Industries Corporation (U.S), Aldon Corporation (U.S), Laxmi Organic Industries Ltd. (India), Atanor SCA (Argentina), and Jiangsu Danhua Group Co. Ltd (China).
Acetic anhydride is a clean, colorless liquid with a strong odor of vinegar. It is soluble in water. Acetic anhydride is widely used as a wood preservative for making durable timber. It is used in various applications such as filter tows, fiber, plastics, dyes, pesticides, flavors, fragrances, and others. The major application of acetic anhydride is the formation of cellulose acetate, which is driving the demand for the product. Cellulose acetate is mainly used in the manufacturing of cigarette filters, photographic films, coating materials, and others. The rising demand for acetic anhydride in pharmaceuticals as an intermediate is the major factor driving the growth of the market. Extensive use of acetic anhydride in the production of aspirin and paracetamol, effective for generic disease such as cold, fever, and bodily pain.
The increasing use of flavors and fragrances in food and beverage industry is another factor fuelling the market growth. Moreover, the product is used for manufacturing of tetraacetylethylenediamine (TAED), a bleach activator used in laundry detergent. It acts as a solvent and key ingredient in pesticides such as acephate and other herbicides. Spandex, a light-weight fiber, generally used in manufacturing of swimwear and sportswear. The spandex are manufactured by polytetramethylene ether glycol, which uses acetic anhydride. However, the increasing awareness about ill-effects of cigarettes coupled with stringent governmental regulations may challenge the market growth. Nevertheless, the radiolabelling of proteins and viruses in mammalian tissue culture is anticipated to be one of the emerging opportunities in the global market.
The global acetic anhydride market is segmented on the basis of its application, end-user, and region.
Based on the application, the global market is segmented into cigarette filter tows, intermediate, coating materials, dye, flavors & fragrance, pesticides, synthesizer, and others.
By the end-user, the global market is segregated into pharmaceuticals, textiles, agrochemicals, food & beverages, and others.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Acetic Anhydride Market
5 Industry Overview Of The Global Acetic Anhydride Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
LIST OF TABLES:
Table 1 World Population By Major Regions (2016 To 2030)
Table 2 Global Acetic Anhydride Market: By Region, 2016-2023
Table 3 North America Acetic Anhydride Market: By Country, 2016-2023
Table 4 Europe Acetic Anhydride Market: By Country, 2016-2023
Table 5 Asia-Pacific Acetic Anhydride Market: By Country, 2016-2023
Table 7 Middle East & Africa Acetic Anhydride Market: By Country, 2016-2023
Table 6 Latin America Acetic Anhydride Market: By Country, 2016-2023
Table 8 Global Acetic Anhydride By Applications Market: By Regions, 2016-2023
Table 9 North America Acetic Anhydride By Applications Market: By Country, 2016-2023
Table 10 Europe Acetic Anhydride By Applications Market: By Country, 2016-2023
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