Acetic Anhydride Market Reached a Volume of 2.7 Million Tons in 2018 and Expected to Reach a Volume of Around 3.4 Million Tons by 2024

Acetic Anhydride Market Reached a Volume of 2.7 Million Tons in 2018 and Expected to Reach a Volume of Around 3.4 Million Tons by 2024

“Acetic Anhydride Size, Share, Price Trends, Growth, Analysis & Report 2024”
According to a new report by Expert Market Research, the global acetic anhydride market reached a volume of 2.7 Million Tons in 2018 and is further expected to reach a volume of around 3.4 Million Tons by 2024.

Acetic anhydride, also known as ethanoic anhydride, is a clear, free-flowing and highly combustible liquid with a bpungent smell. It is an important acetylation agent and solvent, widely used in the synthesis of various organic compounds. Some of the products manufactured using acetic anhydride include cellular acetate, acetylsalicylic acid, acetanilide, nitrofurans, modified starches, artificial sweeteners, bleach activators, bakery additives, etc.

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The market is currently being driven by the demand for acetic anhydride from its various end-use industries, particularly for the manufacturing of cellulose acetate, which is further used to produce cigarette filters, textiles and clothing, tool handles, personal care products, etc. Other end-use industries of acetic anhydride include pharmaceuticals, TAED manufacturing, polymers & resins, flavours & fragrances, dyes, modified starches, etc.

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Key findings from the report:

1. Major end-use industries of acetic anhydride are cellulose acetate flake, pharmaceuticals and Tetraacetylethylenediamine (TAED). In 2018, the cellulose acetate flake industry represented the largest end-user of acetic anhydride accounting for the majority of total global consumption. It was followed by the pharmaceuticals industry and TAED manufacturing industry.
2. Region-wise, North America represented the largest producer of acetic anhydride accounting for more than a third of the total global production. It was followed by China, Western Europe, Northeast Asia and Southeast Asia.
3. The acetic anhydride market is consolidated in nature with a number of global players dominating it. Some of the key global players include Celanese, BP
Chemicals, Eastman Chemical Company, BASF and Jubilant Life Sciences.
4. These players are expanding their production capacities and exploring new application areas of acetic anhydride, in order to increase their market share.

Market breakup by End-Use:

1. Cellulose Acetate Flakes
2. Pharmaceuticals
3. Tetraacetylethylenediamine (TAED)

Market breakup by Region:

1. North America
2. China
3. Western Europe
4. North East Asia
5. South East Asia
6. Middle East & Africa
7. Eastern Europe

Competitive Landscape:

1. Celanese Corporation (NYSE: CE)
2. BP Chemicals
3. Eastman Chemical Company (NYSE: EMN)
5. Jubilant Life Sciences
6. DuPont
8. PetroChina Ltd.
9. Sasol Limited (NYSE: SSL)
10. Daicel
11. Sipchem
12. Rhodia

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