Press Release
Press Release
The market growth of acetic anhydride is being aided by its extensive end-use of the chemical in various industries. The growing use of tetraacetylethylenediamine, produced from acetic anhydride in the manufacturing of detergents owing to the presence of active oxygen bleaching agents, is expected to invigorate the industry growth. As tetraacetylethylenediamine (TAED) can clean clothes effectively while consuming less energy and reducing carbon footprint, it is increasingly incorporated in detergent and bleachers, which is anticipated to augment the growth of the acetic anhydride industry. Moreover, the hygienic benefits associated with TAED are increasing its demand, hence boosting the market growth. The sustainable and biodegradable properties of TAED are surging its demand from the environmentally-conscious population, which is providing impetus to the market growth of acetic anhydride.
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Celanese Corporation (NYSE: CE), one of the leading companies in the market, announced acetic acid and vinyl acetate monomer (VAM) capacity expansions and debottlenecking projects at its global manufacturing facilities in April 2018. The announcement demonstrates the company’s leading acetyl technology to its commitment to productivity and innovation within the acetyl chain, hence increasing the production of acetyl anhydride to meet the growing demands. The company implemented and translated various capital-efficient technology-oriented process improvement projects to add 140 kilotonnes per annum of acetic acid to meet the demand by 2020. The integration of the latest technologies would leverage a new generation of the company’s AOPlus acetic acid and VantagePlus VAM manufacturing technologies. This would consequently increase the production of acetic anhydride, which is prepared by the reaction and dehydration of acetic acid. Such expansions are expected to aid the market growth in the forecast period.
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The major players in the global market for acetic anhydride are Celanese Corporation, Eastman Chemical Company, Sahara International Petrochemical Company, Jubilant Life Sciences Ltd., Daicel Corporation, China National Petroleum Corporation, Saudi International Petrochemical Company (Sipchem), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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