USD 2.91 billion
Acetic Anhydride Market Size, Share, Growth Analysis, By Application(Coating Material, Synthesizer, Plasticizer, Explosives), By End User(Tobacco industry, Pharmaceutical industry, Agrochemical industry, Textile industry), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2425 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
70
|Figures:
67
Acetic Anhydride Market Insights
Global Acetic Anhydride Market size was valued at USD 2.91 billion in 2022 and is poised to grow from USD 3.05 billion in 2023 to USD 4.47 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).
The increasing growth of the acetic anhydride market in India is driven by the high demand for cigarette filter tows whose primary raw material is cellulose acetate and acetic anhydride is also used to produce a wide range of chemicals and intermediates. The synthesis of acetic anhydride is important for the synthesis of aspirin, paracetamol, acetaminophen, sulfa drugs, I-brufen, and vitamins and hormones hence the demand for acetic anhydride which is widely used as an intermediate for pharmaceutical and pharmaceutical industries in the country The driving acetic anhydride is fueled by increased use of manufacturing tetraacetylethylenediamine (TAED) used in laundry detergent Acetic anhydride also has a variety of other products such as flavors, fragrances, dyes and sweeteners expected to acetic anhydride demand in India again.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceutical
Fastest Growth
Growth Rate
4.9% CAGR
Global Acetic Anhydride Market ($ Bn)
Country Share for North America Region (%)
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Acetic Anhydride Market Segmental Analysis
Global Acetic Anhydride Market is segmented by Application, End User, and region. Based on Application, the market can be segmented into Coating Material, Synthesizer, Plasticizer, Explosives, Others. Based on End User, the market is segmented into Tobacco industry, Pharmaceutical industry, Agrochemical industry, Textile industry, Food & Beverage industry, Laundry & cleaning industry, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Component
Cellulose acetate dominates the market and holds around 40% of the market in 2023. Cellulose acetate is biodegradable and a suitable option for textile industry due to its easy dyeing and absorbency which is set to boost the demand for acetic anhydride in the coming years Growing demand for aspirin is also a source of acetic the demand for anhydride is high in the domestic market.
The pharmaceutical industry is an important consumer of acetic anhydride, which is used in a variety of ways and in the manufacture of some pharmaceutical compounds. Acetic anhydride is used in a variety of pharmaceutical formulations. It acts as a by-product in acetylation reactions, which are important in the manufacture of certain pharmaceuticals and active pharmaceutical ingredients (APIs).
Analysis by Deployment
The use of acetic anhydride in the pharmaceutical sector is part of the widespread use of these chemicals in the synthesis and modification of biological materials It contributes to the diversity of chemicals in the market and plays roles in various industries such as specific fabric needs, printing and coloring and carefully controlled and arranged to ensure safety.
Acetic anhydride can be used in the manufacture and production of certain disinfectants. Pesticides play an important role in agriculture by protecting crops from pests and weeds. Acetic anhydride is a versatile compound that can participate in acetylation reactions, contributing to specific compounds used in pesticides.
Global Acetic Anhydride Market By Component
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Acetic Anhydride Market Regional Insights
North America is the major market for acetic anhydride due to the growing cellulose acetate and pharmaceutical industry. North America is the largest producer of acetic anhydride with the largest share in the global market owing to the large production of cellulose acetate from film and plastic products. Stringent government regulations, however, can restrict market growth. For example, the U.S. Also, the FDA states that acetic anhydride in dietary starch.
Asia-Pacific is expected to be the fastest growing region of the market during the period analyzed. The growing demand from various end-use industries such as pharmaceuticals, textiles, polymers etc. is likely to drive the market in this segment. Countries such as China, Japan and India contribute significantly to the market developments in this segment.
Global Acetic Anhydride Market By Region
- Largest
- Fastest
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Acetic Anhydride Market Dynamics
Drivers
Growing Demand for Doctors
- Acetic anhydride is an important ingredient in pharmaceuticals, such as acetylsalicylic acid (aspirin), sulfa drugs, vitamins and some hormones, acetyl-p-aminophenol, cortisone, acetanilide, theophylline, acetylcholine hydrochloride, acetyl satin, sulfonamides, and paracetamol use the right. The number of common health issues arising worldwide, such as colds, coughs and colds, body aches and rashes has increased dramatically. This has increased the demand for drugs such as aspirin and paracetamol. The increasing use of these solvents has greatly benefited the acetic anhydride market.
Restraints
Environmental and Health Concerns
- The production and use of acetic anhydride can cause environmental and health hazards. Stringent regulations on emissions, waste disposal and worker safety can add operating costs and restrict market expansion.
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Acetic Anhydride Market Competitive Landscape
The competitive environment of the global Acetic Anhydride market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Celanese
- BP Chemicals
- Eastman Chemical Company
- BASF
- Jubilant Life Sciences
- DuPont
- SABIC
- PetroChina Ltd.
- Sasol Limited
- Daicel
- Sipchem
- Rhodia
Recent Developments
- In October 2022 Celani Corporation, one of the leading pharmaceutical manufacturers, announced a contingency that was re-announced in May 2022. The contingency lasted 6 months and they primary consumption of acetic anhydride worldwide waited significantly Continued to decline due to subsidized profitability and steady to slow product demand
- In May 2022, Celanese Corporation, one of the leading pharmaceutical manufacturers, announced the lowest production of acetyl acid products in the West. Products include acetic anhydride, acetic acid, vinyl acetate monomer, and a few other things. The reason for the unexpected strength was the scarcity of raw materials on the Texas Gulf Coast.
Acetic Anhydride Key Market Trends
- Growing demand for acetic anhydride in the pharmaceutical industry is driving the market growth. It is widely used in making medicines such as paracetamol and aspirin. Since these chemicals are some of the most popular chemicals, increasing incidence of health issues such as pain, inflammation and diarrhea among others is fueling their consumption, driving the growth of the acetic anhydride industry a it includes use as ingredients in drugs such as acetaminophen, cortisone and theophylline.
Acetic Anhydride Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Increasing use of cellulose acetate derived from acetic anhydride is fueling the growing market growth in the growing packaging segment. The biodegradability of cellulose acetate increases its use as an alternative to petroleum-based packaging materials, contributing significantly to market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.91 billion |
| Market size value in 2031 | USD 4.47 billion |
| Growth Rate | 4.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Acetic Anhydride Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Acetic Anhydride Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Acetic Anhydride Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Acetic Anhydride Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Acetic Anhydride Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Acetic Anhydride Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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