Acetic Anhydride Market Trends, Drivers and Growth Projection Up to 2023
Market Overview Acetic anhydride is a clean, colorless liquid with a strong odor of vinegar. It is soluble in water. Acetic anhydride is widely used as a wood preservative for making durable timber. It is used in various applications such as filter tows, fiber, plastics, dyes, pesticides, flavors, fragrances, and others. The major application of acetic anhydride is the formation of cellulose acetate, which is driving the demand for the product. Cellulose acetate is mainly used in the manufacturing of cigarette filters, photographic films, coating materials, and others. The rising demand for acetic anhydride in pharmaceuticals as an intermediate is the major factor driving the growth of the market. Extensive use of acetic anhydride in the production of aspirin and paracetamol, effective for generic disease such as cold, fever, and bodily pain. The increasing use of flavors and fragrances in food and beverage industry is another factor fuelling the market growth. Moreover, the product is used for manufacturing of tetraacetylethylenediamine (TAED), a bleach activator used in laundry detergent. It acts as a solvent and key ingredient in pesticides such as acephate and other herbicides. Spandex, a light-weight fiber, generally used in manufacturing of swimwear and sportswear. The spandex are manufactured by polytetramethylene ether glycol, which uses acetic anhydride. However, the increasing awareness about ill-effects of cigarettes coupled with stringent governmental regulations may challenge the market growth. Nevertheless, the radiolabelling of proteins and viruses in mammalian tissue culture is anticipated to be one of the emerging opportunities in the global market. Ask for Sample Copy@ https://www.marketresearchfuture.com/sample_request/5674 Market Segmentation