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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Acetic Anhydride Market Growth
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.
Acetic Anhydride Market Report Snapshots
Acetic Anhydride Market Growth
*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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