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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Acetic Anhydride Market Outlook
The global acetic anhydride market attained a value of USD 3.05 billion in 2023 and projected to grow at a CAGR of about 4.9% during 2024-2032 and is expected to reach a value of USD 4.06 billion by 2032.
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Rising Demand for Acetic Anhydride in the Pharmaceuticals Industry Boosting the Market Growth of Acetic Anhydride
The rising demand for acetic anhydride in the pharmaceutical sector is augmenting the market growth. It is extensively used in the production of various drugs such as paracetamol and aspirin. As these drugs are some of the most popular drugs, the surge in health-related issues such as aches, vomiting, and fever, among others, are increasing their use, which is invigorating the growth of the acetic anhydride industry. In addition, it is also deployed as a raw material in the manufacturing of drugs such as acetaminophen, cortisone, and theophylline, among others. The rising demand for hormonal drugs for the treatment of various chronic illnesses such as cancer as well as hormonal disorders like allergic rhinitis, prostate disorders, hypothyroidism, and infertility, among others, is providing further impetus to the market growth.
The Asia Pacific to Hold a Significant Share of the Acetic Anhydride Industry
The Asia Pacific region holds a significant share of the acetic anhydride industry owing to rapid industrialisation in the region. Countries like India and China are some of the biggest manufacturers of various industries such as pharmaceuticals, packaging, and textile, among others. This is consequently increasing the demand for acetic anhydride as a raw material in the region, hence augmenting the market growth. Moreover, the growing accessibility to healthcare in various countries in the region, owing to the introduction of various favourable initiatives, is increasing the demand for generic drugs like aspirin. The robust growth of the textile industry in India, with the rising inclination towards natural fibre, is augmenting the market growth in the region, hence significantly contributing to the overall acetic anhydride industry.
Acetic Anhydride: Market Segmentation
Acetic anhydride is a colourless liquid that is formulated from organic synthesis and dehydration of acetic acid. It has a pungent smell and is extensively deployed in various commercial applications. It is one of the most significant organic intermediates, due to which it has various end uses in major industries.
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The major applications of acetic anhydride are:
- Cellulose Acetate Flakes
- Pharmaceuticals
- TAED
- Others
The EMR report looks into the regional markets of acetic anhydride like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Cellulose Acetate in the Packaging Industry Driving the Acetic Anhydride Industry
The extensive use of cellulose acetate, a derivative of acetic anhydride, in the thriving packaging industry is invigorating the market growth. The biodegradable properties of cellulose acetate are increasing its use as a substitute for petroleum-based products in the packaging industry, which is significantly contributing to the market growth. Moreover, the increasing regulations and standards for packaging in the food and beverage industry to prevent food poisoning and ensure optimal quality is surging the trend of antimicrobial packaging to prevent microbial growth. This is consequently escalating the demand for cellulose acetate to form a rigid film owing to its flexible and stable properties, therefore bolstering the growth of the acetic anhydride industry.
The wide use of cellulose owing to its favourable properties in the textile industry is expected to boost the growth of the acetic anhydride industry. This is increasing the commercial production of cellulose fibre, hence increasing the demand for acetic anhydride. The rising demand for natural fibres due to the growing concerns regarding climate change is increasing the use of cellulose fibre. Moreover, increasing research and development (R&D) activities to deploy cellulose fibre as a substitute for cotton to meet the growing demand in the textile industry is invigorating the market growth of acetic anhydride. The trend of sustainable lifestyles, especially among the young population, is surging the demand for cellulose fibre, which is projected to propel the growth of the acetic anhydride industry.
Key Industry Players in the Global Acetic Anhydride Market
The report presents a detailed analysis of the following key players in the global acetic anhydride market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Celanese Corporation
- Sahara International Petrochemical Company
- Eastman Chemical Company
- Jubilant Ingrevia Limited
- Daicel Corporation
- PetroChina Company Limited
- Saudi International Petrochemical Company (Sipchem)
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Acetic Anhydride Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global acetic anhydride market grew at a CAGR of about 4.9% between 2024 and 2032.
The market is being aided by the growing demand for acetic anhydride in the pharmaceutical industry and the rising demand for generic drugs, such as aspirin and paracetamol, owing to growing health-related issues.
The growth of the market is expected to be driven by the rising demand for cellulose fibre in the textile sector and the growing use of cellulose acetate in the packaging industry.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The product finds extensive applications in cellulose acetate flakes, pharmaceuticals, and TAED, among others.
The major players in the market are Celanese Corporation, Eastman Chemical Company, Sahara International Petrochemical Company, Jubilant Ingrevia Limited, Daicel Corporation, China National Petroleum Corporation, Saudi International Petrochemical Company (Sipchem), Others.
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