Acetic Anhydride Market Estimated to Exceed US$ 7.7 Billion Globally By 2024: IMARC Group

Global Acetic Anhydride Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Acetic Anhydride Market Overview: The latest report by IMARC Group, titled “Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, finds that the global acetic anhydride market size was US$ 5.4 Billion in 2018, growing at a CAGR of 6.7% during 2011-2018. Acetic anhydride is a colorless and transparent liquid chemical compound, with the chemical formula (CH3CO)zO. It is characterized by a vinegar-like odor and is used for acetylation of alcohols or amines. A highly reactive, combustible and toxic liquid, it is considered an important reagent in the organic synthesis of a number of commercially available chemicals. Additionally, it is utilized as an esterification agent in the preparation of modified food starch and for acetylation of monoglycerides. It is also widely used in the manufacturing of cellulose acetate, Tetraacetylethylenediamine (TAED), aspirin (acetylsalicylic acid), modified starches, pesticides, artificial sweeteners, perfumes and wood preservatives.

Acetic Anhydride Market Trends Extensive application of acetic anhydride in the tobacco and pharmaceutical industries is the key factor driving the market. In the tobacco industry, cellulose acetate, a resultant product of the combination of cellulose and acetic anhydride, finds application in the production of cigarette filter tow.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Filtered cigarettes reduce the amount of smoke, tar and other fine particles inhaled while smoking.

Furthermore, TAED is widely employed in the laundry and cleaning industry as a bleach activator, which is providing a thrust to the market growth. On account of the aforementioned factors, the market is anticipated to reach US$ 7.7 Billion by 2024, expanding at a CAGR of nearly 6% during 2019-2024.

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Owing to the increasing awareness regarding the ill effects of smoking, these cigarettes have emerged as a preferable recourse. On the other hand, the pharmaceutical industry employs acetic anhydride in the production of common medicines including aspirin, paracetamol and vitamins. Escalating incidences of diseases across the globe along with a significant rise in the geriatric population have been contributing significantly to the thriving pharmaceutical industry.

Key Market Segmentation: Market Segmentation by End-Use • • • •

Cellulose Acetate Pharmaceuticals Tetraacetylethylenediamine Others

On the basis of the end use, the market has been divided into cellulose acetate, pharmaceuticals, TAED and others. At present, cellulose acetate accounts for the majority of the total market share.

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Report Description Market Segmentation by Region • • • • • • •

China North America Western Europe North East Asia South East Asia Middle East & Africa Eastern Europe

Based on geography, North America holds the leading position in the market. Other major regions include China, Western Europe, North East Asia, South East Asia, Middle East and Africa, and Eastern Europe.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

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Celanese, BP Chemicals, Eastman Chemical Company, BASF, Jubilant Life Sciences DuPont, SABIC PetroChina Ltd Sasol Limited Daicel Sipchem Rhodia.

Browse Related Report Acetic Acid Market: https://www.imarcgroup.com/acetic-acid-technical-material-market-report Malic Acid Market Report: https://www.imarcgroup.com/malic-acid-technical-material-market-report

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