Global Acetic Anhydride Market value expected to reach at $3,662.3 million by 2019
According to the new market research report “Global Acetic Anhydride Market by Application (Cellulose Acetate, Pharmaceuticals, Perfumes, Others), by Geography (North America, Europe, Asia-Pacific, Rest of the World) — Analysis & Forecast to 2019”, the Acetic Anhydride market is expected to reach a value of $3,662.3 million by 2019, from $2,474.7 million in 2014, at a CAGR of 2.8% during the period under consideration.
Acetic anhydride is a colorless liquid with a strong pungent odor and one of the most commonly used reagents in organic synthesis. It is produced by carbonylation of methyl acetate or oxidation of acetaldehyde with air or oxygen. It is used in cellular acetate, Tetraacetylethylenediamine (TAED), polymers & resins, dyes, artificial sweeteners, flavors, and fragrances, among others.
The global cellular acetate industry is growing at a rapid pace and has paved way for growth of the acetic anhydride market. In recent years, the market for acetic anhydride has been mainly driven by the huge demand from the cigarette tow industry. Cellulose acetate is one of the most important applications of acetic anhydride, and cellulose acetate is used in cigarettes, the consumption of which has been growing rapidly in recent years, globally. In addition, acetic anhydride is used in pharmaceuticals, artificial sweeteners, resins, polymers, coatings, modified starches, and pesticides.
The acetic anhydride market is dominated by the Asia-Pacific region, which accounted for a market share of 49.0% in 2014. Numerous global manufacturers have started manufacturing acetic anhydride due to the lower manufacturing and labour costs in China. India is also expected to provide better opportunities for the players of the acetic anhydride market, owing to the increasing demand from industries such as pharmaceuticals, textiles, and polymers.
Some of the key companies operating in this market include Eastman Chemicals Company (U.S.), Celanese Corporations (U.S.), BP Chemicals Ltd. (U.K.), Anhui Wanwei Group (China), Jubilant Life Science (India), Jilin Chemical Industries Co. Ltd. (China), and Daicel Corporation (Japan)
The statistics are given by the report “Global Acetic Anhydride Market by Application, Geography – 2019”.
Objective of this revenue forecast is to analyze the market trends, share, growth & restraining factors and projection supported by market estimates and forecasts of global market.
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