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 BASF SE,
Celanese Corporation,
Eastman Chemical Company,
Jubilant Life Sciences Ltd.,
DuPont, Merck KGaA, Bufa
Chemikalien Gmbh & Co. KG, Daicel Corporation, Fischer Chemic, Hudson Chemical Corp, Mil-Spec Industries Corporation, Aldon Corporation, Laxmi Organic Industries Ltd., Atanor SCA , 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.
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