Acetic anhydride is an organic compound that includes oxygen, hydrogen, and carbon. The acetic anhydride is a carboxylic acid anhydride, used for amine and alcohol acetylation. Another name of the acetic anhydride is ethanoic anhydride. This compound is commonly used as a reagent utilized in the synthesis of numerous organic compounds. It is widely used as an ingredient in numerous pharmaceutical products that consumers use such as acetaminophen and aspirin.
The acetic anhydride industry is projected to rise in the coming future, and it is attributed to the expansion of the pharmaceutical sector in the APAC region, and the increasing elderly population.
Acetic anhydride is a colorless liquid that gives a strong odor and sour taste. The density of the compound is slightly higher than the water. The boiling point of the acetic anhydride is equivalent to 139.5°C, and it melts at -73°C temperature. Acetic acid is highly reactive with water, and the process is known as hydrolysis. It results in acetic acid formation, which is known as vinegar. Acetic acid is also a combustible compound, which means it can turn ignitable and cause a fire hazard.
Under the application segment, the synthesizers category captures a significant share of the industry. It is attributed to the massive consumption of chemicals for cellulose acetate production. The cellulose acetate demand is rising due to its wide usage in the end-use industries, such as plastics, and automotive. The consumption of the chemical compound, a cellulose acetate synthesizer is projected to rise in order to meet the cellulose acetate demand and hence proliferate the industry growth.
Under the end-use industry, the tobacco category is projected to capture a significant share of the industry. In addition, cigarette filters are made from cellulose acetate, which helps in preventing the passage of excessive tar and nicotine during smoking. The demand for cellulose acetate is rising to cater to the global cigarette production demand. The worldwide rising consumption of cigarettes is projected to boost the acetic anhydride industry’s growth.
APAC captures a massive share of the acetic anhydride industry, and it is predicted to retain its dominance in the coming years. It is attributed to the massive cellulose acetate production, that needs the compound as a synthesizer.
Cellulose acetate experiences massive demand, due to its usage in cigarette tows, textile fibers, and plastic products manufacturing. In addition, the pharmaceutical sector is projected to experience the fastest growth in the near future due to rising investments, which will boost industrial demand.
The major companies operating in the industry are; Celanese Corporation, Jubilant Life Sciences Ltd., Saudi International Petrochemical Company, China National Petroleum Corporation, Celanese Corporation, BP p.l.c, RLG Group, Daicel Corporation, Lonza Group Ltd., and Thermo Fisher Scientific Inc.
Therefore, the expansion of the pharmaceutical sector boosts the acetic anhydride industry’s growth.