DUBLIN--(BUSINESS WIRE)--The "Global Acetic Anhydride Market - Segmented by Application, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global acetic anhydride market is expected to witness a CAGR of approximately 4.2% during the forecasted period.
Acetic anhydride is required in the cleaning and laundry applications primarily because it helps in the production of TAED, which is used as a perborate bleach activator in cold-water laundry detergents. TAED is prepared by first reacting Ethylenediamine (EDA) with two moles of acetic acid to form the bis-amide. This is then reacted with two moles of acetic anhydride to form the tetra-amide.
Acetic anhydride is majorly required in the filter tow applications of cigarettes. Cellulose acetate flake is converted into cigarette filter tows, plastics, and filament yarns. The filter tow application accounts for nearly 80% of cellulose acetate consumption. Although, the cigarette filters segment is expected to be the most dominant, the demand from the sector is expected to witness a steady growth.
Acetic Anhydride is a key raw material required in the production of medicines, such as acetylsalicylic acid (aspirins), sulfa drugs, and various other medicines. The region has witnessed a growth in the number of health issues, which include fever, cough & cold, body pains, nausea, etc. due to the pollution levels from industrial activities. This has led to an increase in demand for drugs, like aspirin and paracetamol.
- BASF SE
- BP Acetyls Europe
- Celanese Corporation
- Eastman Chemical Company
- Jiangsu Danhua Group Pvt Ltd.
- Jubilant Life Sciences
- Kunshan Yalong Co. Ltd.
- Luna Chemical Industries Pvt. Ltd.
- PetroChina Ltd.
- Sasol Limited
- Shijiazhuang Shengkang Biotech Co. Ltd
- SHENYANG XINXIN CHEMICAL INDUSTRY CO. LTD.
- Sigma Aldrich
- Taj Pharmaceuticals Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
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