Acetic anhydride is a chemical compound made by removing one water molecule from two acetic acid molecule. It is the simplest form of anhydride and is used as a reagent in organic synthesis.
— The global acetic anhydride market in terms of revenue was estimated to be worth $xx million in 2017 and is expected to reach $xx million by 2025, growing at a CAGR of xx% from 2017 to 2025.
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Acetic anhydride is used for production or manufacturing of resins & polymers, artificial sweeteners, tetraacetylethylenediamine (TAED), explosives, agrochemicals, coating materials and others. Acetic anhydride is used to manufacture TAED, which is utilized as a bleach activator in laundry and cleaning industry. Apart from these products, it is also used to manufacture very important pharmaceutical product namely aspirin.
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North America is estimated to lead the acetic anhydride market owing to high demand of acetic anhydride in the pharmaceutical industry and cellulose acetate market. However, stringent environmental regulations is in North American countries is likely to hinder market growth. Asia Pacific held the second position in the market in 2016 and is anticipated to witness rapid growth during the study period. Surge in demand from industries such as polymers, textiles, and pharmaceuticals is expected to accelerate market growth. China and Japan are the largest consumers of acetic anhydride in the region.
Furthermore, the booming textiles, pharmaceuticals, and polymer industries in developing countries like India is flourishing market growth. The acetic anhydride market in the European region is accounted for a significant share in the market. Countries such as Germany, UK, France, and Italy were estimated to be the major consumers of acetic anhydride. Escalating demand of cellulose acetate for manufacturing cigarette and TAED for laundry detergents is attributing to the growth of the market in the region.
Major players in this market are
• BP Chemicals Plc, BASF SE, E.I. Du Pont De Nemours & Company, Eastman Chemical Company, PetroChina Ltd., SABIC, Celanese Corporation.
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Key benefits of the report:
*This report provides current market trends and future growth expectations
*This report examines the market size and changing competitive dynamics
*It covers information regarding key drivers, challenges or restraining market growth
*It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved
*This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in depth analysis of market segments.
*End users and raw material suppliers
*Government and research organizations
Table of Content
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 Global Market By Application
8 Global Market By Type
9 Global Market by Source
10 Global Market by Application
11 Global Market Analysis By Region
12 Market Trends & competitive Analysis
13 Company Profiles
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