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 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 Industry 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 Industry 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 Industry 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 Industry. 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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