is obtained through the carbonylation of acetate. Acetic anhydride is a colorless solution which has a pungent odor. Acetic anhydride is majorly consumed in cellulose acetates. Cellulose acetate flakes are used in producing cigarette filters, plastics and filament yarns. The market for acetic anhydride is mainly driven by huge demand from cigarette tow market. Cellulose acetate is a key component in cigarettes. In addition to this, Acetic anhydride is also used in fragrances as well as for dyes. In this regard, there is a huge demand for acetic anhydride from the textile industry which is well established in Europe. The APAC region is experiencing high growth in the textile industry primarily because of the high export requirements in the region. Countries like India, Sri Lanka and Malaysia are exporters of textiles as either finished products or as products to supplement the finished products in countries like Italy and France. As such, the textile industry is a key driver for the acetic anhydride market. Acetic anhydride is also used in artificial sweeteners, modified starches and pesticides.
As of 2015, North America contributes the highest to the acetic anhydride market
and this is primarily due to the demand for cellulose acetate in the region for which acetic anhydride ia necessary agent for the production of the same. Further to this, the pharmaceutical industry is also another key factor which is driving the market in North America. In spite of the high contribution in the region though, North America’s contribution is expected to decline slowly during the forecast period as the market is quite developed and other regions such as the APAC region will be driving the growth in the coming years. The APAC region presents a huge potential to companies operating in the acetic anhydride market because of the thriving pharmaceutical industry in the region. Major pharmaceutical companies have many of their operations in the region because of the large user base present here as well as the low cost of production in the region. In this sense, the APAC region will experience the highest growth across the globe for the acetic anhydride market. Apart from the pharmaceutical industry, other industries such as textiles, leather processing as well as R&D in the chemical industry is showing high growth in the region which is again a key factor for the growth of the acetic anhydride market. Key countries which will contribute to the growth of acetic anhydride in the APAC region include China, India and Japan.
The market has been segmented on the basis of applications of acetic anhydride that include Coating Material, Explosives, Plasticizer, Synthesizer and Others. Acetic Anhydride has found application in a range of end-user segments and this report has covered the following applications Tobacco Industry, Pharmaceutical industry, Agrochemical industry, Food & Beverage industry, Textile industry and Others. The market has been segmented based on the following geographies North America, South America, APAC, Europe, Middle East and Africa.Following are some of the companies that are operating in the Acetic Anhydride Market:
- Bayer Crop Science AG
- Drexel Chemical Company
- Gujarat Pesticides Private Limited
- Kenvos Biotech Company Limited