How is Healthcare Sector Causing Boom of Global Acetic Anhydride Market? One of the major factors responsible for the mushrooming demand for acetic anhydride is the booming healthcare sector, especially in the emerging economies of Asia-Pacific (APAC) such as India, China, Indonesia, and Thailand. Many major medical drug manufacturing companies have set up their production facilities and offices in the region in the last few years and this, when coupled with the soaring number of research and development (R&D) activities and investments, has caused huge expansion of the healthcare sector in the region. Acetic Anhydride Market Research Report@ https://www.psmarketresearch.com/market-analysis/acetic-anhydride-market Apart from the above-mentioned factors, the other important factors responsible for the surge of the healthcare sector in the APAC region are the comparatively easier availability of raw materials and low-cost workers in this region as compared to the other regions in the world. The flourishing healthcare sector is, in turn, generating huge demand for acetic anhydride, owing to the utilization of the compound as a synthesizer in acetaminophen, aspirin, and various other kinds of medicated drugs. Owing to the above-mentioned reasons, the revenue of the global acetic anhydride market is predicted to rise from $3,476.1 million to $4,950.4 million from 2019 to 2030. Furthermore, the market is predicted to grow at a CAGR of 2.3% during 2020—2030 (forecast period). Acetic anhydride is extensively used in reagents, coating materials, plasticizers, and synthesizers. Amongst these, the highest usage of acetic anhydride was observed in synthesizers in 2019, because of its utilization as a synthesizer in the production of cellulose acetate, which is highly required in various industries such as plastics and automotive. Besides being used in various applications, acetic anhydride is also highly sought after for use in multiple industries such as pharmaceuticals, food and beverages, textiles, plastics, agriculture, and tobacco. Out of these, the tobacco industry is predicted to create the highest demand for the compound in the forthcoming years. The main reason behind the increasing requirement of acetic anhydride in the tobacco industry is the rising need for cellulose acetate as this chemical is required in the production of filters, which are used in cigarettes.

The Value of On-Demand Logistics Market Will Reach USD 75 Million by 2030 The on-demand logistics market will touch a value of USD 75 billion by 2030, propelling at a rate of 21.1% by the end of this decade. The increasing e-commerce industry is helping the growth of the industry. On-Demand Logistics Market Report@ https://www.psmarketresearch.com/market-analysis/on-demand-logistics-market Also, e-commerce sales had a good chunk of the total sales worldwide. With the increasing customer base, the buying behavior of the consumers and their outlooks are changing rapidly. Customers nowadays desire fast shipping along with competitive pricing. This kind of delivery agenda challenges conventional logistics and reassures companies for updating their business plans. So, shippers and retailers are choosing for on-demand logistics services for dealing with unpredictable order volumes, unexpected requirement for bulk supply, and altering preference of clients. Increasing requirement in developing nations have promising prospects for the players in the market. The fast acceptance of smartphones and resulting access to the internet have allowed customers of the emerging market to be a main force for online activities as well as on-demand logistics. With rising industrialization, urbanization, and household income in developing countries, these will coincide with growing share of online spending of the customers. It will ease the logistical challenges, for example few bookings, low profitability, and low vehicle-use rate. LCV category was the leader of the industry in the past. This because of the increasing requirements of e-commerce corporations for last-mile deliveries, which frequently do not require the heavy goods transportation. The market will grow faster in the B2C category in the years to come. This is because of the fact that it is possible to access the services through mobile apps, which are convenient to use. These applications promise greater safety of the goods transported, as it is possible for the customers to track their items to be delivered in real time. Furthermore, people mainly shop for specific stuff, the deliveries of which can be made easily with the on-demand logistics model.