Acetic Anhydride Market
Acetic Anhydride Market Size And Forecast
According to Verified Market Research, the Acetic Anhydride Market was valued at USD 5.13 Billion in 2018 and is projected to reach USD 8.4 Billion by 2026, growing at a CAGR of 6.43.% from 2019 to 2026.
Global Acetic Anhydride Market Outlook
The global acetic anhydride market is majorly driven by a huge demand from cigarette tow market. Furthermore, acetate cellulose is mainly used in acetate textile fibers thus is increasing the demand for acetic anhydride. Moreover, the rising disposable income, higher standard of living, growing demand for vinyl acetate monomer, and rising use of ester solvents in paints and coatings industry are some other factors propelling the market growth. Nonetheless, the volatility of raw material prices might hamper the market growth. Furthermore, declining usage of acetic anhydride in cellulose acetate for domestic consumption along with environmental regulations are the factors that might hinder the growth of the market. Furthermore, the development of acetylated wood create the opportunity for the market.
Global Acetic Anhydride Market Competitive Landscape
The Global Acetic Anhydride Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Jubilant Life Sciences, DuPont, SABIC, Celanese Corporation, BASF SE, Sasol Limited, Eastman Chemical Company, BP Chemicals, PetroChina Ltd.
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