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Acetic Anhydride Market to Reach US$ 7.7 Billion by 2024 | CAGR 6%

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The global acetic anhydride market size was US$ 5.4 Billion in 2018, growing at a CAGR of 6.7% during 2011-2018. On account of the aforementioned factors, the market is anticipated to reach US$ 7.7 Billion by 2024, expanding at a CAGR of nearly 6% during 2019-2024.

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Acetic Anhydride Market to Reach US$ 7.7 Billion by 2024 | CAGR 6%

  1. 1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Acetic Anhydride Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved
  2. 2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
  3. 3. Report DescriptionReport Description and Highlights Global Acetic Anhydride Market Overview: The latest report by IMARC Group, titled “Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global acetic anhydride market size was US$ 5.4 Billion in 2018, growing at a CAGR of 6.7% during 2011-2018. Acetic anhydride is a colorless and transparent liquid chemical compound, with the chemical formula (CH3CO)zO. It is characterized by a vinegar-like odor and is used for acetylation of alcohols or amines. A highly reactive, combustible and toxic liquid, it is considered an important reagent in the organic synthesis of a number of commercially available chemicals. Additionally, it is utilized as an esterification agent in the preparation of modified food starch and for acetylation of monoglycerides. It is also widely used in the manufacturing of cellulose acetate, Tetraacetylethylenediamine (TAED), aspirin (acetylsalicylic acid), modified starches, pesticides, artificial sweeteners, perfumes and wood preservatives. Acetic Anhydride Market Trends Extensive application of acetic anhydride in the tobacco and pharmaceutical industries is the key factor driving the market. In the tobacco industry, cellulose acetate, a resultant product of the combination of cellulose and acetic anhydride, finds application in the production of cigarette filter tow.
  4. 4. Report DescriptionReport Description and Highlights 120.2 125.5 130.8 136.1 141.4 146.7 152.0 157.3 0 20 40 60 80 100 120 140 160 2011 2012 2013 2014 2015 2016 2017 2018 inBillionUS$ 160.0 165.3 170.6 175.9 181.2 186.5 0 20 40 60 80 100 120 140 160 180 2019 2020 2021 2022 2023 2024 InBillionUS$ Filtered cigarettes reduce the amount of smoke, tar and other fine particles inhaled while smoking. Furthermore, TAED is widely employed in the laundry and cleaning industry as a bleach activator, which is providing a thrust to the market growth. On account of the aforementioned factors, the market is anticipated to reach US$ 7.7 Billion by 2024, expanding at a CAGR of nearly 6% during 2019- 2024. Request for a free sample report: https://www.imarcgroup.com/acetic-anhydride-market- report/requestsample
  5. 5. Report DescriptionReport Description and Highlights Owing to the increasing awareness regarding the ill effects of smoking, these cigarettes have emerged as a preferable recourse. On the other hand, the pharmaceutical industry employs acetic anhydride in the production of common medicines including aspirin, paracetamol and vitamins. Escalating incidences of diseases across the globe along with a significant rise in the geriatric population have been contributing significantly to the thriving pharmaceutical industry. Key Market Segmentation: Market Segmentation by End-Use • Cellulose Acetate • Pharmaceuticals • Tetraacetylethylenediamine • Others On the basis of the end use, the market has been divided into cellulose acetate, pharmaceuticals, TAED and others. At present, cellulose acetate accounts for the majority of the total market share. For more information, click here: https://www.imarcgroup.com/acetic-anhydride-market-report
  6. 6. Report DescriptionReport Description and Highlights Market Segmentation by Region • China • North America • Western Europe • North East Asia • South East Asia • Middle East & Africa • Eastern Europe Based on geography, North America holds the leading position in the market. Other major regions include China, Western Europe, North East Asia, South East Asia, Middle East and Africa, and Eastern Europe. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.
  7. 7. Report DescriptionReport Description and Highlights • Celanese, • BP Chemicals, • Eastman Chemical Company, • BASF, • Jubilant Life Sciences • DuPont, • SABIC • PetroChina Ltd • Sasol Limited • Daicel • Sipchem • Rhodia. Browse Related Report Acetic Acid Market: https://www.imarcgroup.com/acetic-acid-technical-material-market-report Malic Acid Market Report: https://www.imarcgroup.com/malic-acid-technical-material-market-report
  8. 8. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  9. 9. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  10. 10. Report DescriptionReport Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
  11. 11. FOR MORE DETAILS Visit us at : Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com https://www.imarcgroup.com Contact Us

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