Acetic Anhydride Market Forecast 2023: PetroChina Ltd., BASF SE, Celanese Corporation, Eastman Chemical Company, BP Chemicals, Jubilant Life Sciences, DuPont, SABIC, and Sasol Limited

Industry Outlook and Trend Analysis
The Acetic Anhydride Market has observed significant growth in the recent years and is foreseen to grow tremendously over the forecast period. Acetic Anhydride also known as Ethanoic anhydride in scientific terms, it is prepared carbonylation process of acetate. The preparation process includes reacting ketene with acetic acid. Acetic anhydride has factors like pungent odor and it is colorless. It is mainly used for manufacturing of cellulose acetates. Cellulose acetate flakes are mainly prepared which is further categorized as acetate propionate (CAP), Cellulose tri-acetate and cellulose di-acetate. Cellulose flakes are used for manufacturing of number of products. Some considerations that are hindering the market growth are; the stringent directions because of its destructive natural impacts, combined with its monitoring the use of acetic anhydride in manufacturing of heroine.

End- User Outlook and Trend Analysis
On the basis of end-user the market is divided into Textile industry, Agrochemical industry, Laundry & cleaning industry, Tobacco Industry, Food & Beverage industry, Pharmaceutical industry and others. Byproduct of Acetic Anhydride i.e. Cellulose acetate has acquired half of the total market shares. Cellulose acetate is use for manufacturing of cigarette filters and plastic goods. Cigarette filters are largely manufactured since they are preferred than the substitute compounds like phenols. Tobacco industry is holding the highest rate of shares in market depending on this factor. Developing countries are seen increasing the use of acetic anhydride and the share is predicted to grow in polymers, textile and pharmaceutical industries.

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Regional Outlook and Trend Analysis
European is considered as the growing region in the Acetic Anhydride Market, due to huge demand for cellulose acetate and TEAD. Asia Pacific is foreseen to be the quickest developing business sector for acetic anhydride in coming couple of years. In Asia Pacific region Japan and China are one of the major purchasers of acetic anhydride. India is showing considerable growth acetic anhydride market due to flourishing of textile market. North America was considered as one of the leading markets for acetic anhydride, it was due to the large demand for cellulose acetate, now the market in North America is on decline. IN coming years remaining regions are predicted to show stable market.

Competitive Insights
The approach of key players to get hold of the market is, searching for more end-user companies and developing the production strength of their plants. Some key players are PetroChina Ltd., BASF SE, Celanese Corporation, Eastman Chemical Company, BP Chemicals, Jubilant Life Sciences, DuPont, SABIC, and Sasol Limited.

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The Acetic Anhydride Market is segmented as follows-
By Applications:
Coating Material
Synthesizer
Explosives
Plasticizer
Others

By End-user:
Textile industry
Agrochemical industry
Laundry & cleaning industry
Tobacco Industry
Food & Beverage industry
Pharmaceutical industry
Others

By Region
North America
U.S
Canada
Mexico

Europe
Germany
France
UK
Italy
Spain
Rest of Europe

Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific

Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others

Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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This release was published on openPR.