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Acetic Anhydride Market Size to Witness Significant Growth By 2021
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The market for acetic anhydride was mainly driven by cigarette tow market. Cellulose acetate is mainly consumed in cigarette. Acetic anhydride is also used in fragrances and flavor as well as dyes market. In addition, acetic anhydride can be used in pharmaceuticals, textiles, coatings and pesticides market. Acetic anhydride is also used to manufacture tetraacetylethylenediamine (TAED) which can be used as a bleach activator in laundry detergents market. However, declining usage of acetic anhydride in cellulose acetate for domestic consumption can have major impact on the market.
In terms of demand, North America was the leading region in acetic anhydride market. The U.S. had the largest demand for acetic anhydride owing to huge demand from cellulose acetate market. However, the market for acetic anhydride is declining in North America region. Market for acetic anhydride was significantly large in Europe and the trend is expected to continue on account of the growing demand for TAED and cellulose acetate in the region. Asia Pacific is anticipated to be the fastest growing market for acetic anhydride over the next few years.
The demand for acetic anhydride is huge from countries such as Japan, China and India. China and Japan were the leading consumers of acetic anhydride in Asia Pacific region. India is likely to provide better opportunity for acetic anhydride market owing to increasing demand from textile market. The Rest of the World market is anticipated to have stable demand for acetic anhydride market in near future.
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Some of the key manufacturers in the tissue culture reagents market are Celanese Corporation, BP Chemicals, BASF SE, DuPont, Eastman Chemical Company, SABIC, PetroChina Ltd., and Sasol Limited among others.
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