Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
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 2017-2022”, the global acetic anhydride market has grown at a CAGR of 7.0% during 2009-2016. The report provides a comprehensive insight into the industry including its market break-up by region, market breakup by end-uses, 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 was 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, United States of America and France. 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.
The essential aspects of the global acetic anhydride market evaluated in the report include:
Key application areas
Raw material requirements
Chemical reactions involved in the manufacturing process