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The global acetic anhydride market attained a value of USD 2.77 billion in 2020. The market is projected to grow at a CAGR of about 4.9% during 2021-2026 and is expected to reach a value of USD 3.68 billion by 2026.
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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 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 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:
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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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.
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:
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.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region|
|Breakup by Application||Cellulose Acetate Flakes, Pharmaceuticals, TAED, Others|
|Breakup by Region||North America, Latin America, Europe, Middle East and Africa, Asia Pacific|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends-Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Celanese Corporation, BP Chemicals, Eastman Chemical Company,
Jubilant Life Sciences Ltd., Daicel Corporation, PetroChina Company Limited,
Saudi International Petrochemical Company (Sipchem), Others
|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.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Acetic Anhydride Market
6.1 Figure: Global Acetic Anhydride Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Acetic Anhydride Market Breakup by Application
6.2.1 Cellulose Acetate Flakes
6.3 Figure: Global Acetic Anhydride Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Cellulose Acetate Flakes
6.4 Chart: Global Acetic Anhydride Market Breakup by Regions
6.4.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.5 Figure: Global Acetic Anhydride Market Breakup by Regions: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 Global (HS Code-291524) Trade Analysis (2020)
7.1 Major Exporting Countries: by Value & Volume
7.2 Major Importing Countries: by Value & Volume
8 Global Acetic Anhydride Price Analysis
8.1 North America Acetic Anhydride Historical Price trends (2016-2020) & Forecast (2021-2026)
8.2 Europe Acetic Anhydride Historical Price Trends (2016-2020) & Forecast (2021-2026)
8.3 Asia Pacific Acetic Anhydride Historical Price Trends (2016-2020) & Forecast (2021-2026)
8.4 Latin America Acetic Anhydride Historical Price Trends (2016-2020) & Forecast (2021-2026)
8.5 Middle East & Africa Acetic Anhydride Historical Price Trends (2016-2020) & Forecast (2021-2026)
9 Global Acetic Anhydride Feedstock Outlook
9.1 Acetic Acid
9.2 Global Acetic Acid Market Analysis
9.2.1 Figure: Global Acetic Acid Historical Market (2016-2020) & Forecast (2021-2026)
9.2.2 Chart: Global Acetic Acid Market Breakup by Application
22.214.171.124 Ethyl Acetate
126.96.36.199 Butyl Acetate
9.2.3 Figure: Global Acetic Acid Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
188.8.131.52 Ethyl Acetate
184.108.40.206 Butyl Acetate
9.2.4 Chart: Global Acetic Acid Market Breakup by Region
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 Latin America
126.96.36.199 Middle East & Africa
9.2.5 Figure: Global Acetic Acid Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East & Africa
9.3 Global Acetic Acid (291421) Trade Data Analysis
9.3.1 Major Exporting Countries: by Value & Volume
9.3.2 Major Importing Countries: by Value & Volume
9.4 Global Acetic Acid Price Analysis
9.4.1 North America Acetic Acid Historical Price trends (2016-2020) & Forecast (2021-2026)
9.4.2 Europe Acetic Acid Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.4.1 Asia Pacific Acetic Acid Historical Price trends (2016-2020) & Forecast (2021-2026)
9.4.1 Latin America Acetic Acid Historical Price trends (2016-2020) & Forecast (2021-2026)
9.4.4 Middle East & Africa Acetic Acid Historical Price Trends (2016-2020) & Forecast (2021-2026)
10 SWOT Analysis
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.2 Buyer’s Power
12.3 Supplier’s Power
12.4 New Entrants
12.5 Degree of Rivalry
13 Competitive Landscape & Supplier Analysis
13.1 Celanese Corporation
13.1.1 Company Overview
13.1.2 Financial Analysis
13.2 BP Chemicals
13.2.1 Company Overview
13.2.2 Financial Analysis
13.3 Eastman Chemical Company
13.3.1 Company Overview
13.3.2 Financial Analysis
13.4 Jubilant Life Sciences Ltd.
13.4.1 Company Overview
13.4.2 Financial Analysis
13.5 Daicel Corporation
13.5.1 Company Overview
13.5.2 Financial Analysis
13.6 PetroChina Company Limited
13.6.1 Company Overview
13.6.2 Financial Analysis
13.7 Saudi International Petrochemical Company (Sipchem)
13.7.1 Company Overview
13.7.2 Financial Analysis
14 Industry Events and Developments
Additional Customization Available:
15 Manufacturing Process
16 Cost Analysis
The global acetic anhydride market grew at a CAGR of about 4.9% between 2021 and 2026.
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 industry is expected to be driven by the rising demand for cellulose fibre in the textile industry and the growing use of cellulose acetate in the packaging industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of acetic anhydride in the industry are cellulose acetate flakes, pharmaceuticals, and TAED, among others.
The major players in the industry are Celanese Corporation, BP Chemicals, Eastman Chemical Company, Jubilant Life Sciences Ltd., Daicel Corporation, PetroChina Company Limited, and Saudi International Petrochemical Company (Sipchem), among others.
The global acetic anhydride market reached a value of about USD 2.77 billion in 2020, driven by the rising use of acetic anhydride in the pharmaceuticals industry. Aided by the growing demand for cellulose acetate and cellulose in various industries, the market is expected to witness further grow at a CAGR of 4.9% during 2021-2026, reaching an estimated value of USD 3.68 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the acetic anhydride industry can be segmented into cellulose acetate flakes, pharmaceuticals, and TAED, among others. The major regional markets for acetic anhydride are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Celanese Corporation, BP Chemicals, Eastman Chemical Company, Jubilant Life Sciences Ltd., Daicel Corporation, PetroChina Company Limited, and Saudi International Petrochemical Company (Sipchem), among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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