The acetic anhydride market is expected to witness a CAGR of around 6% during the forecast period. Acetic Anhydride is a colorless liquid with a characteristic sharp odor. It is used in making plastics, drugs, dyes, perfumes, explosives, and aspirin. acetic anhydride is mostly used to acetylate materials that are important to the market. Its biggest application is for the change of cellulose-to-cellulose acetic acid derivation, which is a component of photographic film and other coated materials and is utilized in the production of cigarette filters. For instance, in 2020, 22.3% of the global population used tobacco, 36.7% of all men, and 7.8% of the world’s women. Similarly, it is used to make aspirin, which is made by acetylating salicylic acid. Additionally, it is used as an active modification agent to make durable and long-lasting timber through autoclave impregnation and subsequent acetylation.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=30490
Based on application, the
market is segmented into cigarette filters, coating materials, dyes, flavors
and fragrance, pesticides & synthesizer, and others. The pesticides &
synthesizer category is to witness the fastest growth rate during the forecast
period. Due to acetic anhydride is used as a synthesizer in common painkillers
like aspirin and acetaminophen; As a result, the compound's consumption is also
rising in tandem with the rising demand for pharmaceuticals.
Based on the
end-user, the acetic anhydride market has been
classified into pharmaceuticals, textiles, agrochemicals, food & beverages,
and others. Among them, the pharmaceuticals category is to witness considerable
growth during the forecast period. Acetic anhydride is widely used as an
acetylating agent and it is also used as a raw material for pharmaceutical
drugs such as aspirin, acetaminophen, and other drugs. Moreover, acetic
anhydride is widely employed for its acetylating and dehydrating properties
across the food & beverage and manufacturing industries.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=30490
APAC to witness extensive growth
For a
better understanding of the market adoption of the acetic anhydride market, the
market is analyzed based on its worldwide presence in the countries such as
North America (U.S., Canada, Rest of North America), Europe (Germany, U.K.,
France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest
of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast
period. This is mainly due to rising demand from various end-user industries
like polymers, textiles, and pharmaceuticals in the region. The majority of the
growth in this region's market can be attributed to China, Japan, and India.
Due to lower manufacturing and labor costs, China is the region's largest
producer of acetic anhydride and cellulose acetate. Also, with the rising
demand for the textile and pharmaceutical industries, the Indian market is
anticipated to expand significantly. Moreover, the Indian government is
continuously taking initiatives to drive the acetic anhydride market in the
country. For instance, in 2021, Minister for Commerce and Industry,
Textiles, Consumer Affairs, Food & Public Distribution, announced the
creation of 100 textile machinery champions in the country, and to promote them
in the global market.
For More
Informative Information, Please Visit Us – https://univdatos.com/report/acetic-anhydride-market/
According
to UnivDatos Market Insights (UMI)’, the key players with a considerable market
share in the acetic anhydride market are BASF SE,
Jiangsu Danhua Group Co. Ltd., Jubilant Life Sciences, SABIC, Celanese
Corporation, Sasol Limited, Eastman Chemical Company, PetroChina Ltd., DuPont,
and Merck KGaA
“Global
Acetic
Anhydride Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of go-to-market strategies and identifying the blue ocean for its
offerings.
Market Segmentation:
1. By
Application (Cigarette Filters, Coating Materials, Dyes,
Flavors and Fragrance, Pesticides & Synthesizer, and Others)
2. By
End-User (Pharmaceuticals, Textiles, Agrochemicals,
Food & Beverages, and Others)
3. By
Region (North America, Europe, Asia-Pacific, Rest of
the World)
4.
By Company (BASF SE,
Jiangsu Danhua Group Co. Ltd., Jubilant Life Sciences, SABIC, Celanese
Corporation, Sasol Limited, Eastman Chemical Company, PetroChina Ltd., DuPont,
and Merck KGaA)
Key
questions answered in the study:
1.
What are the current and future trends
of the global acetic anhydride industry?
2.
How the industry has been evolving in
terms of application and end-user?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global all-terrain vehicle industry?
5.
What is the customer orientation,
purchase behavior, and expectations from the global acetic anhydride suppliers
across various region and countries?
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