Acetic Anhydride Market Analysis by Size, Share, Supply and Demand 2021-2025 Acetic anhydride is a primary raw material required for the production of pharma drugs and medicines. A global increase in general health issues following the onslaught of the COVID19 pandemic has increased the demand for these medications. Rise in usage of generic drugs like paracetamol has caused a significantly positive impact across the global acetic anhydride market. Similarly, hormonal drugs are being increasingly used to treat chronic illnesses. A growing number of people contracting cancer, and developing conditions like hyperthyroidism, prostate disorders, and infertility is giving an impetus to market growth. Get Sample Copy of Acetic Anhydride Market: https://www.fairfieldmarketresearch.com/report/acetic-anhydride-market/requestsample Being a resourceful organic intermediate, acetic anhydride is used for various end uses by multiple industries. One of the popular end uses of this product is in the packaging industry. The reason behind this is the biodegradable properties of acetic anhydride. Therefore, a surging trend of leading a sustainable lifestyle among present generations is expected to promote global growth of the market. Growing Demand for General and Hormonal Drugs from the Pharmaceutical Industry Becomes Harbinger of Prosperity for the Global Acetic Anhydride Market People have become increasingly susceptible to contracting general cough, cold, fever, and developing common body ache. This is causing an increase in the consumption of paracetamol. Since acetic anhydride constitutes as one of the key raw materials for its production, the global market for this chemical compound is prophesied to reap benefits from the drug’s growing demand. On the other hand, acetic anhydride is also primarily used in the production of cellulose. As an increasing number of people become sensitive to climate change, demand for natural fibres is sanctioning an escalated produce of cellulose fibre. This is posing as another key driver for the expected surge in the market for acetic anhydride. Countries of the Asia Pacific Region Impose Dominance Upon Global Market for Acetic Anhydride Acetic anhydride is majorly used in industries like pharmaceutical, textile, and packaging. A major share of these industries is held by countries like India and China owing to rapid industrialization. The increasing demand for acetic anhydride by these production units is consequently augmenting its market growth in the region. The textile industry has always found favourable shares in the Indian subcontinent. With a heightened inclination towards
Acetic Anhydride Market Report By Size, Business Opportunities and Competitive Analysis 2025
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.