Acetic anhydride, is a colorless liquid, primarily used in the manufacturing of cellulose acetate. Cellulose acetate is used in production of several products, such as cigarette filters, textile fibers and plastic goods. In addition, acetic anhydride is used for production or manufacturing of resins & polymers, artificial sweeteners, TAED, explosives, agrochemicals, coating materials and others. 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.
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.
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.
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.
KEY BENEFITS FOR STAKEHOLDERS:
ACETIC ANHYDRIDE MARKET KEY SEGMENTS:
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