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.

Acetic Anhydride Market Report Snapshots

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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. 'Celanese', 'BP Chemicals', 'Eastman Chemical Company', 'BASF', 'Jubilant Life Sciences', 'DuPont', 'SABIC', 'PetroChina Ltd.', 'Sasol Limited', 'Daicel', 'Sipchem', 'Rhodia'

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.

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.

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.

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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

Acetic Anhydride Market Insights

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