The report describes the development of the industry by overall Challenging & Sub sequential industry development, key companies, as well as type segment & market application and so on, and makes an authentic Forecast for the development industry prospects on the basis of analysis. finally, Global Acetic Anhydride Market analyses opportunities for investment in the industry at the end of the report.
Global Acetic Anhydride market report sales, import, export and revenue figures are also developing in the forecast period to 2023. The key players and brands are making their moves by product launches, researches, their joint ventures, merges, and accusations and are getting successful results.
Global Acetic Anhydride Market Report gives strategists, advertisers and senior administration with the basic data they have to evaluate the Global Global Acetic Anhydride Market. Alongside deliberately breaking down the key small scale Market, the report likewise centres around industry-particular drivers, restrictions, openings and difficulties in the Global Acetic Anhydride market. This examination report offers top to bottom investigation of the market measure (income), piece of the overall industry, real market portions, and diverse geographic locales, gauge for the following five years, key market players, and premium industry patterns. It likewise centres around the key drivers, restrictions, openings and difficulties.
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The global acetic anhydride market is expected to witness a CAGR of approximately 4.2% during the forecasted period, majorly driven by the growing usage in laundry detergents and increasing demand from the pharmaceutical industry for acetic anhydride, as an intermediate.
Rising Demand of TAED from Laundry Detergents
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. There has been a surge in cleanliness and hygiene concerns in developing countries, such as India and China, which, in turn, is boosting laundry and cleaning sector, in turn, aiding the market growth for acetic anhydride.
Cigarette Filters Dominate the Market
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. This is owing to the adoption of electronic cigarettes. Furthermore, the decline in exports of cellulose flake to China may further hinder the market growth.
Growing Pharmaceutical Industry in Asia Pacific
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. Additionally, the increasing concerns for hygiene and cleanliness have led to the growth of the laundry and cleaning sector in Asia-Pacific, which in turn shall augment the growth of acetic anhydride market during the forecast period.
Key Developments in the Market
February 2018: DuPont Introduced New Solamet PV21A Metallization Pastes at 2018 Tokyo PV Expo
Major Players: BASF SE, Celanese Corporation, DowDuPont, Sasol Limited and SABIC amongst others.
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Analyzing various perspectives of the market with the help of Porterâ€s five forces analysisTo understand the dominating process type and filler used in the marketCountries expected to witness the fastest growth during the forecast periodIdentifying the latest developments, market shares and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in Excel)
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Global Acetic Anhydride Market Forecast 2018-2023
The Global Acetic Anhydride industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Global Acetic Anhydride production, supply, sales and market status.
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