Global Acetic Anhydride Market 2016: Coating Material, Explosives, Plasticizer, Synthesizer
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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.
The acetic anhydride market is segmented by application and geography. On the basis of application, the market is divided into cellulose acetate, pharmaceuticals, resins & polymers, agrochemicals, coating material, explosives, artificial sweeteners and others. Geographically the market is segmented into North America, Europe, Asia-Pacific and LAMEA.
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The dominant companies foraying in this segment, have formed an entry barrier for new enterprises, owing to technological expertise and feasibility concerns. Expansion of production facilities and searching new applications has been the principal strategy for the companies for market growth.
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.
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