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What's driving the Acetic Anhydride Market Growth? | Key Players are BASF SE, Eastman Chemical Company, DuPont, Celanese Corporation, PetroChina Ltd, Daicel Corporation, Luna Chemical Industries Pvt Ltd and Jubilant Life Sciences
Global Market Insights, Inc. present the report on Acetic Anhydride Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025.Acetic Anhydride Market size is anticipated to increase substantially in the coming years owing to its wide utilization in tobacco, pharmaceutical, nutraceutical and coatings industry. It is a colourless and transparent liquid which is used in chemical laboratories as a reagent in synthetic compounds manufacturing. This product is manufactured using recovered acetic acid from cellulose acetate operations for synthesis of different compounds.
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Global pharmaceutical industry is poised to surpass USD 1 trillion by 2025 owing to rising expenditure on research to develop novel drugs supported by increasing prevalence of general health ailments may fuel the acetic anhydride market demand. Acetic anhydride is utilized in medicinal formulations including acetyl-p-aminophenol, acetophenacetin, acetylsalicylic acid (aspirins) and paracetamol, which is likely to propel anhydride industry growth.
This product is utilized in acetate fibres synthesis which act as a major component in cigarette filter manufacturing. Acetate fibres are used in tar filtering due to its ability to set a wavy band like configuration in these filters known as crimps. These crimps accumulate toxic dust along with absorbing vapours, thus stimulating the acetic anhydride market share.
Expanding agriculture sector owing to favourable agro-climatic conditions may fuel product demand. This product is utilized in acephate synthesis which is a pesticide utilized in seed treatments along with crop protection from insect and microbes which may foster acetic anhydride market size in forecasted timeframe.
Direct exposure or skin contact to this product can lead to medical ailments with low to chronic disorders. Exposure for shorter periods to this product cause skin irritation and dermatological disorders including bleeding from skin. Exposure for longer periods can cause respiratory infections along with accumulation of toxic fluid in lungs causing severe breathing problems which may hamper acetic anhydride market growth.
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Asia Pacific market led by Australia, South Korea, Japan, India and China acetic anhydride market may fuel owing to supportive government initiatives and subsidies provided on agrochemical products should promote agricultural activities to ensure high product yield. This product is utilized in pesticide and insecticide manufacturing as it shields crops from getting infected from contaminants and bacteria which may fuel market growth by 2025.
Global acetic anhydride market share is moderately fragmented with major players includes BASF SE, Eastman Chemical Company, DuPont, Celanese Corporation, PetroChina Ltd, Daicel Corporation, Luna Chemical Industries Pvt Ltd and Jubilant Life Sciences.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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