Global Acetic Anhydride Market Trends, Scope, Demand, Opportunity and Forecast by 2024
The global acetic anhydride market is driven by an increase in the sales of filtered cigarettes and the extensive application of acetic anhydride in the pharmaceutical industry.
(EMAILWIRE.COM, July 09, 2019 ) The latest report by IMARC Group, titled “Global Acetic Anhydride Market Research Report 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.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/acetic-anhydride-market-report/requestsample
Global 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. Filtered cigarettes reduce the amount of smoke, tar and other fine particles inhaled while smoking. 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. 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.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/acetic-anhydride-market-report
Market Summary:
Market by End-Use:
1. Cellulose Acetate
2. Pharmaceuticals
3. Tetraacetylethylenediamine
4. 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.
Market by Regions:
1. China
2. North America
3. Western Europe
4. North East Asia
5. South East Asia
6. Middle East & Africa
7. 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 analyzed in the report with the detailed profiles of the key players operating in the market. These include Celanese, BP Chemicals, Eastman Chemical Company, BASF, Jubilant Life Sciences, DuPont, SABIC, PetroChina Ltd., Sasol Limited, Daicel, Sipchem and Rhodia.
Browse similar reports by IMARC Group:
Europe Hydrocarbon Refrigerants Market Research Report and Forecast: https://www.imarcgroup.com/europe-hydrocarbon-refrigerants-market
Oman PVC Products Market Research Report and Forecast: https://www.imarcgroup.com/oman-pvc-products-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/acetic-anhydride-market-report/requestsample
Global 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. Filtered cigarettes reduce the amount of smoke, tar and other fine particles inhaled while smoking. 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. 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.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/acetic-anhydride-market-report
Market Summary:
Market by End-Use:
1. Cellulose Acetate
2. Pharmaceuticals
3. Tetraacetylethylenediamine
4. 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.
Market by Regions:
1. China
2. North America
3. Western Europe
4. North East Asia
5. South East Asia
6. Middle East & Africa
7. 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 analyzed in the report with the detailed profiles of the key players operating in the market. These include Celanese, BP Chemicals, Eastman Chemical Company, BASF, Jubilant Life Sciences, DuPont, SABIC, PetroChina Ltd., Sasol Limited, Daicel, Sipchem and Rhodia.
Browse similar reports by IMARC Group:
Europe Hydrocarbon Refrigerants Market Research Report and Forecast: https://www.imarcgroup.com/europe-hydrocarbon-refrigerants-market
Oman PVC Products Market Research Report and Forecast: https://www.imarcgroup.com/oman-pvc-products-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Information:
IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results