- The key vendors in the Global Acetic Anhydride Market 2015-2019 are BASF SE, BP plc, Celanese Corp., Eastman Chemical Company, Jubilant Life Sciences and Sigma Aldrich
London, 03 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Acetic Anhydride Market 2015-2019. The constant decrease in acetic anhydride imports by China in the last decade owing to increased acetic anhydride production capacity in the country is the major trend being witnessed by the manufacturers in the market in recent years. The market is expected to grow at a CAGR of 1.82 percent on the basis of volume during the forecast period of 2014-2019.
Apart from aspirin production, acetic anhydride also finds widespread usage as a laboratory reagent in developed countries in North America and Western Europe, along with being used for the production of other vital pharmaceuticals and pharma ingredients.
“China was the largest producer and consumer of acetic anhydride in the market in 2014 and is expected to continue being at the top during the forecast period,” says Faisal Ghaus, Vice President of TechNavio Research.
“The country has increased its acetic anhydride production capacity considerably in the last few years to cater to increased demand for cellulose acetate, resulting in Chinese self-sufficiency in acetic anhydride.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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