Acetic Anhydride Market Overview,Cost Price, Production Value, Gross Margin, Forthcoming Players by 2023

The acetic anhydride market is growing due to increased demand for  cigarette filter tow in emerging economies, particularly in the BRIC countries.   The increasing smokers in these countries attributes to the growth of the   market as Cellulose acetate flake being the major raw material for producing   cigarette filter tow is made by using acetic anhydride. Also, acetate cellulose is used in producing acetate textile fibers which drives the demand for acetic anhydride.

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North America leads the acetic anhydride market owing to huge demand from cellulose acetate market and from the pharmaceutical industry. However, strict environmental regulations are likely to restrict the market in North America.

Acetic anhydride is an isolatable acid anhydride and is also known as ethanoic anhydride. It is produced from acetic acid and is highly water reactive, colorless and can be harmful to humans in its vapor form.

The global acetic anhydride market can be categorized on the basis of application into Pharmaceuticals, Cellulose Acetate, PTMEG, TAED, and others.

Asia Pacific follows North America in the acetic anhydride market share and is estimated to be the fastest growing market for acetic anhydride owing to increase in demand from several industries such as textiles, polymer, pharmaceuticals and among others.

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Some of the key players in the industry include BASF SE, Eastman Chemical Company, Celanese Corporation, DuPont, Jubilant Life Sciences, BP Chemicals, Sasol Limited, SABIC, and PetroChina Company Ltd. among others.

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