Acetic Anhydride Market Price and Value 2023-2028: Size, Growth, Opportunity and Forecast
IMARC Group, a leading market research company, has recently releases report titled “Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global acetic anhydride market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Acetic Anhydride Market?
Report Attributes | Details |
Market Size in 2022 | US$ 3.7 Billion |
Market Forecast in 2028 | US$ 4.4 Billion |
Growth rate (2023 to 2028) | |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is Acetic Anhydride?
Acetic anhydride refers to a highly reactive, free-flowing and combustible liquid that is widely used as an important reagent in the organic synthesis of multiple commercially available chemicals. This colorless, transparent liquid chemical compound with the formula (CH3CO)2O is characterized by a strong and pungent vinegar-like odor. It is widely used as an esterification agent for the preparation of modified food starch, as well as for the acetylation of monoglycerides. It is also utilized for the production of numerous products, including aspirin, perfumes, cellulose acetate, Tetraacetylethylenediamine (TAED), aspirin (acetylsalicylic acid), modified starches, pesticides, artificial sweeteners, and wood preservatives.
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What are the growth prospects and trends in the Acetic Anhydride industry?
The market is primarily driven by the growing utilization of acetic anhydride in the manufacturing of cellulose acetate, which is then used for the production of cigarette filter tow as a synthetic fiber. In line with this, there has been an increase in the number of smokers on the global level on account of the busy schedules and hectic lifestyles led by the working professionals. The increasing awareness regarding the ill effects of prolonged exposure to tobacco has facilitated the uptake of cigarettes with longer filters that aid in reducing the exposure to the smoke, tar and other fine particles during smoking. Along with this, these compounds find extensive applications in the pharmaceutical industry for the production of common medicines, such as aspirin, paracetamol and vitamins. Increasing incidences of diseases and a rise in the geriatric population are creating a positive outlook for the market. Furthermore, acetic anhydride is employed in the synthesis of acephate, a pesticide used in seed treatments and crop protection from insects and microbes, in the agricultural sector, which is acting as a major growth-inducing factor.
Who are the key players operating in the industry?
The report covers the major market players including:
- Celanese
- BP Chemicals
- Eastman Chemical Company
- BASF
- Jubilant Life Sciences
- DuPont
- SABIC
- PetroChina Ltd.
- Sasol Limited
- Daicel
- Sipchem
- Rhodia
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by End-Use:
- Cellulose Acetate
- Pharmaceuticals
- Tetraacetylethylenediamine
- Others
Breakup by Region:
- China
- North America
- Western Europe
- North East Asia
- South East Asia
- Middle East & Africa
- Eastern Europe
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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