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Thursday, May 27, 2021

Global Acetic Anhydride Market to be Driven by the Growing Healthcare Sector in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Acetic Anhydride Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global acetic anhydride market, assessing the market based on its segments like application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary :

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical CAGR (2016-2020): 5%

The healthcare sector in developing countries in the Asia Pacific region, such as China, India, Thailand, and Indonesia, has seen a rapid expansion in recent years, owing to increased research and development (R&D) investments and the geographical expansion of major medical drugs manufacturers in the region. This is due to the medical sector’s high growth potential in these countries, as well as the availability of low-cost labour and raw materials. As a result of the compound’s requirement as a synthesiser in aspirin, acetaminophen, and a variety of other medicated medications, there is a large demand for it. Over the forecast period, the consumption of the compound is expected to rise because of the increasing number of drug manufacturing plants, thus, providing a boost to the global acetic anhydride market.

Industry Definition and Major Segments

The chemical compound having the formula (CH3CO)2O is acetic anhydride, also known as ethanoic anhydride. It is often abbreviated Ac2O. It is a colourless liquid with a heavy acetic acid odour, which is created when it reacts with moisture in the air.

Explore the full report with the table of contents :

Based on application, the industry can be divided into:

Regionally, the market is segmented into:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East and Africa

Market Trends

Recently, some key industrial developments have shown the potential to drive the growth of the market over the forecast period. For instance, BP p.l.c. and China’s Zhejiang Petroleum and Chemical Corporation (ZPCC) signed a memorandum of understanding (MOU) in October 2019 to explore the formation of a new equally owned joint venture to develop and operate a one million tonne-per-annum (tpa) acetic acid plant in eastern China. To manufacture acetic acid, the proposed facility in Zhoushan, Zhejiang Province, will use BP’s CATIVA XL technology.

Key Market Players

The major players in the market are Celanese Corporation, BP Chemicals, Eastman Chemical Company, Jubilant Life Sciences Ltd., Daicel Corporation, PetroChina Company Limited, Saudi International Petrochemical Company (Sipchem), and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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