Market Overview:
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.
Competitive Analysis
Ø
BASF SE
Ø
Celanese Corporation
Ø
Eastman Chemical Company
Ø
Jubilant Life Sciences Ltd.
Ø
DuPont
Ø
Merck KGaA
Ø
Bufa Chemikalien Gmbh & Co.
KG
Ø
Daicel Corporation
Ø
Fischer Chemic
Ø
Hudson Chemical Corp
Ø
Mil-Spec Industries Corporation
Ø
Aldon Corporation
Ø
Laxmi Organic Industries Ltd.
Ø
Atanor SCA
Ø
Jiangsu Danhua Group Co. Ltd
Market Segmentation
The global Acetic
Anhydride Market is segmented on the basis of application,
end-user, and region.
On the basis of the application,
the global market is segmented into cigarette filter, chemical intermediate,
coating materials, dye, flavors & fragrance, pesticides, synthesizer, and
others.
Based on the end-user, the global
market is categorized into pharmaceuticals, textiles, agrochemicals, food &
beverages, and others.
Regional Analysis
The global acetic anhydride
market is segmented into five major regions: North America, Asia Pacific,
Europe, Latin America, and the Middle East & Africa.
North America is leading the
global acetic anhydride market owing to the high production of the product in
this region. Many of the major acetic anhydride producing companies are located
in the U.S. The increasing demand for acetic anhydride from the major
applications such as cellulose acetate and pharmaceuticals in this region is
likely to fuel the market growth during the assessment period. The U.S.
implemented acetic anhydride regulation to reduce the availability of heroin in
1989 as it is a precursor to the drug production. Moreover, the FDA limits the
use of acetic anhydride to 2.5% in food starch. These stringent regulations are
likely to hinder the market growth in this region.
Followed by North America, Asia
Pacific is expected to emerge as the fastest growing region in the global
acetic anhydride market. China is the major manufacturer of acetic anhydride
due to the low production cost and abundance of labor. Similar to North
America, China has implemented the “UN Convention on Drug Precursors,” wherein
the signatories subject to strict licensing for production, sales, purchase,
and transportation of such precursor chemicals. India is likely to witness a
significant growth of the market owing to the increasing demand from textiles,
pharmaceuticals, and polymer industries.
The regional market of Europe is
mainly driven by the product used in tetraacetylethylenediamine (TAED) for
laundry detergent and cellulose acetate for cigarette filters.
COVID-19 Impact Analysis on Aluminum Extruded Products
Market@ https://www.marketresearchfuture.com/report/covid-19-impact-aluminum-extruded-products-marketCOVID-19 Impact Analysis on Artificial or Synthetic Leather Market@ https://www.marketresearchfuture.com/report/covid-19-impact-artificial-synthetic-leather-market
COVID-19 Impact Analysis on Bio-Based Chemicals Market@ https://www.marketresearchfuture.com/report/covid-19-impact-bio-based-chemicals-market
COVID-19 Impact Analysis on Surfactant Market@ https://www.marketresearchfuture.com/report/covid-19-impact-surfactant-market
No comments:
Post a Comment