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.
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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
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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.
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