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Thriving Growth in the Organic Acetic Anhydride Market: Trends, Opportunities, and Projections
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Acetic anhydride is used to manufacture tetraacetylethylenediamine (TAED), which is utilized as a bleach activator in laundry and cleaning industry. Similarly, acetic anhydride, in addition to its several other applications, is used often in the form of derivatives or sources, amongst which cellulose acetate is the most widely used derivative.
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Cigarette filters, occupy the largest share in volume, since their tar and nicotine removal rate goes up to 50%, higher than other compounds such as phenols. Thus, cellulose acetate contributes to more than half of the world acetic anhydride market. The demand for cellulose acetate for cigarette tow and plastic goods, is driving the growth of the acetic anhydride market.
The stringent regulations (on account of its harmful environmental effects), regarding household consumption, coupled with strict monitoring of acetic anhydride trading for its use in production of heroine, are major factors hindering the market growth. Emerging economies provide immense opportunities for acetic anhydride market to expand on account of the increasing demand generated by pharmaceutical companies, textile companies and polymers.
IMPACT OF COVID-19 ON THE GLOBAL CARBON NANOMATERIALS MARKET:
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Key players in the world acetic anhydride market are BP Chemicals Plc, BASF SE, E.I. Du Pont De Nemours & Company, Eastman Chemical Company, PetroChina Ltd., SABIC, Celanese Corporation and others.
Key Market Players:
SABIC, BP Chemicals Plc, Eastman Chemical Company, BASF SE, PetroChina Ltd., Celanese Corporation and others, E.I. Du Pont De Nemours & Company
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