Acetic Anhydride Industry | Size, Global Demand, Value Share and Key Trend, CompPosted by Sapana on March 4th, 2020 Market Overview: Acetic anhydride is a colorless organic solvent with strong, pungent odor of vinegar and is widely used as a reagent in organic synthesis. Although, it has corrosive property to metals and tissue; it is extensively used as a wood preservative for producing long-lasting timber. The various applications of acetic anhydride include fibers, plastics, dyes, and pesticides. However, inhalation of acetic anhydride causes severe burns to skin and eyes and respiratory irritation. Competitive Analysis
Market Segmentation The global Acetic Anhydride Industry is segmented on the basis of application, end-user, and region. Based on the application, the global market is segmented into cigarette filter, chemical intermediate, coating materials, dye, flavors & fragrance, pesticides, synthesizer, and others. Based on the end-user, the global market is categorized into pharmaceuticals, textiles, agrochemicals, food & beverages, and others. Regional Analysis The global acetic anhydride market is segmented into five major regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is leading the global acetic anhydride market owing to the high production of the product in this region. Many of the major acetic anhydride producing companies are located in the U.S. The increasing demand for acetic anhydride from the major applications such as cellulose acetate and pharmaceuticals in this region is likely to fuel the market growth during the assessment period. The U.S. implemented acetic anhydride regulation to reduce the availability of heroin in 1989 as it is a precursor to the drug production. Moreover, the FDA limits the use of acetic anhydride to 2.5% in food starch. These stringent regulations are likely to hinder the market growth in this region. Followed by North America, Asia Pacific is expected to emerge as the fastest growing region in the global acetic anhydride market. China is the major manufacturer of acetic anhydride due to the low production cost and abundance of labor. Similar to North America, China has implemented the “UN Convention on Drug Precursors,” wherein the signatories subject to strict licensing for production, sales, purchase, and transportation of such precursor chemicals. India is likely to witness a significant growth of the market owing to the increasing demand from textiles, pharmaceuticals, and polymer industries. The regional market of Europe is mainly driven by the product used in tetraacetylethylenediamine (TAED) for laundry detergent and cellulose acetate for cigarette filters. Intended Audience
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