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Asia Pacific is projected to lead the global acetic anhydride market during the review period 2017-2023<br>The global acetic anhydride market is segmented into five key regions namely North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these regions, North America is holding a major share of the global market. The region accounts for around 35% share of the market on account of the high production of acetic anhydride in this region. <br>The U.S is the major contributor to this regional market owing to the significant presence of the prominent manufacturers. The use of the product in manufacturing of cigarette filter tows and aspirin, paracetamol like drugs are the factors driving the market. Acetic anhydride is a precursor to heroin production and the U.S implemented regulation on the use of acetic anhydride to reduce the drug availability in November 1989. This may prove to be a hindrance to the market growth in this region. <br><br>Get Free Sample Request @ https://www.marketresearchfuture.com/sample_request/5674<br>
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Acetic Anhydride Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 REQUEST SAMPLE VIEW REPORTS PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Acetic Anhydride Market - 2023 Global Acetic Anhydride Market By Application (Cigarette Filters, Coating Materials, Intermediate, Dyes, Flavors And Fragrance, Pesticides, Synthesizer, And Others), End-User (Pharmaceuticals, Textiles, Agrochemicals, Food And Beverages) And By Region Till 2023 Market Overview Acetic anhydride is a clean, colorless liquid with a strong odor of vinegar. It is soluble in water. Acetic anhydride is widely used as a wood preservative for making durable timber. It is used in various applications such as filter tows, fiber, plastics, dyes, pesticides, flavors, fragrances, and others. The major application of acetic anhydride is the formation of cellulose acetate, which is driving the demand for the product. Cellulose acetate is mainly used in the manufacturing of cigarette filters, photographic films, coating materials, and others. The rising demand for acetic anhydride in pharmaceuticals as an intermediate is the major factor driving the growth of the market. Extensive use of acetic anhydride in the production of aspirin and paracetamol, effective for generic disease such as cold, fever, and bodily pain. The increasing use of flavors and fragrances in food and beverage industry is another factor fuelling the market growth. Moreover, the product is used for manufacturing of tetraacetylethylenediamine (TAED), a bleach activator used in laundry detergent. It acts as a solvent and key ingredient in pesticides such as acephate and other herbicides. Spandex, a light-weight fiber, generally used in manufacturing of swimwear and sportswear. The spandex are manufactured by polytetramethylene ether glycol, which uses acetic anhydride. Market Segmentation The global acetic anhydride market is segmented on the basis of application, end-user, and region. On the basis of the application, the global market is segmented into cigarette filter, chemical intermediate, coating materials, dye, flavors & fragrance, pesticides, synthesizer, and others. Based on the end-user, the global market is categorized into pharmaceuticals, textiles, agrochemicals, food & beverages, and others. www.marketresearchfuture.com
Acetic Anhydride Market - 2023 Access Report Details @ https://www.marketresearchfuture.com/reports/acetic-anhydride-market-5674 Regional Analysis The global acetic anhydride market is segmented into five major regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is leading the global acetic anhydride market owing to the high production of the product in this region. Many of the major acetic anhydride producing companies are located in the U.S. The increasing demand for acetic anhydride from the major applications such as cellulose acetate and pharmaceuticals in this region is likely to fuel the market growth during the assessment period. The U.S. implemented acetic anhydride regulation to reduce the availability of heroin in 1989 as it is a precursor to the drug production. Moreover, the FDA limits the use of acetic anhydride to 2.5% in food starch. These stringent regulations are likely to hinder the market growth in this region. Followed by North America, Asia Pacific is expected to emerge as the fastest growing region in the global acetic anhydride market. China is the major manufacturer of acetic anhydride due to the low production cost and abundance of labor. Similar to North America, China has implemented the “UN Convention on Drug Precursors,” wherein the signatories subject to strict licensing for production, sales, purchase, and transportation of such precursor chemicals. India is likely to witness a significant growth of the market owing to the increasing demand from textiles, pharmaceuticals, and polymer industries. The regional market of Europe is mainly driven by the product used in tetraacetylethylenediamine (TAED) for laundry detergent and cellulose acetate for cigarette filters. Competitive Analysis Some of the important manufacturers in the global acetic anhydride market are Celanese Corporation (U.S.), BASF SE (Germany), Eastman Chemical Company (U.S.), Jubilant Life Sciences Ltd. (India), DuPont (U.S.), Merck KGaA (Germany), BufaChemikalienGmbh & Co. KG (Germany), Daicel Corporation (Japan), Fischer Chemic (India), Hudson Chemical Corp (U.S.), Mil-Spec Industries Corporation (U.S.), Aldon Corporation (U.S.), Laxmi Organic Industries Ltd. (India), Atanor SCA (Argentina), and Jiangsu Danhua Group Co. Ltd (China). www.marketresearchfuture.com
Acetic Anhydride Market - 2023 TABLE OF CONTENTS 1 Executive Summary 2 Scope Of The Report 3 Market Research Methodology 4 Market Landscape 5 Industry Overview Of The Global Acetic Anhydride Market 6 Market Trends 7. Global Acetic Anhydride Market By Application 8. Global Acetic Anhydride Market By End-User 9. Global Acetic Anhydride Market By Region 10. Company Landscape 11. Company Profiles 12. Conclusion www.marketresearchfuture.com
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