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Global Acetic Anhydride Market: By Application: Cellulose Acetate Flakes, Pharmaceuticals, TAED, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Value Chain Analysis; Industry Events and Developments

Global Acetic Anhydride Market Outlook

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 2022-2027 and is expected to reach a value of USD 3.68 billion by 2026.

 

Acetic Anhydride Market

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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.

 

Acetic Anhydride Market by Application

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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.

 

Acetic Anhydride Market by Region

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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 Life Sciences Ltd.
  • 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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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, 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, Eastman Chemical Company, Sahara International Petrochemical Company, Jubilant Life Sciences Ltd., Daicel Corporation, China National Petroleum Corporation, 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    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Acetic Anhydride Market Overview

    8.1    Key Industry Highlights
    8.2    Global Acetic Anhydride Historical Market (2017-2021) 
    8.3    Global Acetic Anhydride Market Forecast (2022-2027)
    8.4    Global Acetic Anhydride Market by Application
        8.4.1    Cellulose Acetate Flakes
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Pharmaceuticals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    TAED
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Others
    8.5    Global Acetic Anhydride Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code: 291524)

    12.1    Major Exporting Countries:
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14    Global Acetic Anhydride Feedstock Analysis
    14.1    Key Industry Highlights
    14.2    Global Acetic Acid Historical Market (2017-2021) 
    14.3    Global Acetic Acid Market Forecast (2022-2027)
    14.4    Global Acetic Acid Market by Application
        14.4.1    VAM
            14.4.1.1    Market Share
            14.4.1.2    Historical Trend (2017-2021)
            14.4.1.3    Forecast Trend (2022-2027)
        14.4.2    PTA
            14.4.2.1    Market Share
            14.4.2.2    Historical Trend (2017-2021)
            14.4.2.3    Forecast Trend (2022-2027)
        14.4.3    Anhydride
            14.4.3.1    Market Share
            14.4.3.2    Historical Trend (2017-2021)
            14.4.3.3    Forecast Trend (2022-2027)
        14.4.4    Ethyl Acetate
            14.4.4.1    Market Share
            14.4.4.2    Historical Trend (2017-2021)
            14.4.4.3    Forecast Trend (2022-2027)
        14.4.5    Butyl Acetate
            14.4.5.1    Market Share
            14.4.5.2    Historical Trend (2017-2021)
            14.4.5.3    Forecast Trend (2022-2027)
        14.4.6    Others
    14.5    Global Acetic Acid Market by Region
        14.5.1    Market Share
            14.5.1.1    North America
            14.5.1.2    Europe
            14.5.1.3    Asia Pacific
            14.5.1.4    Latin America
            14.5.1.5    Middle East and Africa
    14.6    Regional Analysis
        14.6.1    North America
            14.6.1.1    Historical Trend (2017-2021)
            14.6.1.2    Forecast Trend (2022-2027)
            14.6.1.3    Breakup by Country
                14.6.1.3.1    United States of America 
                14.6.1.3.2    Canada
        14.6.2    Europe
            14.6.2.1    Historical Trend (2017-2021)
            14.6.2.2    Forecast Trend (2022-2027)
            14.6.2.3    Breakup by Country 
                14.6.2.3.1    United Kingdom
                14.6.2.3.2    Germany
                14.6.2.3.3    France
                14.6.2.3.4    Italy
                14.6.2.3.5    Others
        14.6.3    Asia Pacific
            14.6.3.1    Historical Trend (2017-2021)
            14.6.3.2    Forecast Trend (2022-2027)
            14.6.3.3    Breakup by Country
                14.6.3.3.1    China
                14.6.3.3.2    Japan
                14.6.3.3.3    India
                14.6.3.3.4    ASEAN
                14.6.3.3.5    Australia
                14.6.3.3.6    Others
        14.6.4    Latin America
            14.6.4.1    Historical Trend (2017-2021)
            14.6.4.2    Forecast Trend (2022-2027)
            14.6.4.3    Breakup by Country
                14.6.4.3.1    Brazil
                14.6.4.3.2    Argentina
                14.6.4.3.3    Mexico
                14.6.4.3.4    Others
        14.6.5    Middle East and Africa
            14.6.5.1    Historical Trend (2017-2021)
            14.6.5.2    Forecast Trend (2022-2027)
            14.6.5.3    Breakup by Country
                14.6.5.3.1    Saudi Arabia
                14.6.5.3.2    United Arab Emirates
                14.6.5.3.3    Nigeria
                14.6.5.3.4    South Africa
                14.6.5.3.5    Others
    14.7    Trade Data Analysis (HS Code- 291521)
        14.7.1    Major Exporting Countries
            14.7.1.1    By Value
            14.7.1.2    By Volume
        14.7.2    Major Importing Countries
            14.7.2.1    By Value
            14.7.2.2    By Volume 
    14.8    Price Analysis
        14.8.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
        14.8.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
        14.8.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
        14.8.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
        14.8.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Celanese Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Sahara International Petrochemical Company
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Eastman Chemical Company
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Jubilant Ingrevia Limited
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Daicel Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    China National Petroleum Corporation
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Saudi International Petrochemical Company (Sipchem)
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Acetic Anhydride Market: Key Industry Highlights, 2017 and 2027
2.    Global Acetic Anhydride Historical Market: Breakup by Application (USD Billion), 2017-2021
3.    Global Acetic Anhydride Market Forecast: Breakup by Application (USD Billion), 2022-2027
4.    Global Acetic Anhydride Historical Market: Breakup by Region (USD Billion), 2017-2021
5.    Global Acetic Anhydride Market Forecast: Breakup by Region (USD Billion), 2022-2027
6.    North America Acetic Anhydride Historical Market: Breakup by Country (USD Billion), 2017-2021
7.    North America Acetic Anhydride Market Forecast: Breakup by Country (USD Billion), 2022-2027
8.    Europe Acetic Anhydride Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    Europe Acetic Anhydride Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Asia Pacific Acetic Anhydride Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Asia Pacific Acetic Anhydride Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Latin America Acetic Anhydride Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Latin America Acetic Anhydride Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Middle East and Africa Acetic Anhydride Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Middle East and Africa Acetic Anhydride Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Major Exporting Countries by Value
17.    Major Importing Countries by Value
18.    Major Exporting Countries by Volume
19.    Major Importing Countries by Volume
20.    North America Historical Price Trends and Forecast 2017-2027
21.    Europe Historical Price Trends and Forecast 2017-2027
22.    Asia Pacific Historical Price Trends and Forecast 2017-2027
23.    Latin America Historical Price Trends and Forecast 2017-2027
24.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
25.    Global Acetic Acid Market: Key Industry Highlights, 2017 and 2027
26.    Global Acetic Acid Historical Market: Breakup by Application (USD Billion), 2017-2021
27.    Global Acetic Acid Historical Market: Breakup by Application (USD Billion), 2022-2027
28.    Global Acetic Acid Historical Market: Breakup by Region (USD Billion), 2017-2021
29.    Global Acetic Acid Market Forecast: Breakup by Region (USD Billion), 2022-2027
30.    North America Acetic Acid Historical Market: Breakup by Country (USD Billion), 2017-2021
31.    North America Acetic Acid Market Forecast: Breakup by Country (USD Billion), 2022-2027
32.    Europe Acetic Acid Historical Market: Breakup by Country (USD Billion), 2017-2021
33.    Europe Acetic Acid Market Forecast: Breakup by Country (USD Billion), 2022-2027
34.    Asia Pacific Acetic Acid Historical Market: Breakup by Country (USD Billion), 2017-2021
35.    Asia Pacific Acetic Acid Market Forecast: Breakup by Country (USD Billion), 2022-2027
36.    Latin America Acetic Acid Historical Market: Breakup by Country (USD Billion), 2017-2021
37.    Latin America Acetic Acid Market Forecast: Breakup by Country (USD Billion), 2022-2027
38.    Middle East and Africa Acetic Acid Historical Market: Breakup by Country (USD Billion), 2017-2021
39.    Middle East and Africa Acetic Acid Market Forecast: Breakup by Country (USD Billion), 2022-2027
40.    Major Acetic Acid Exporting Countries by Value
41.    Major Acetic Acid Importing Countries by Value
42.    Major Acetic Acid Exporting Countries by Volume
43.    Major Acetic Acid Importing Countries by Volume
44.    North America Acetic Acid Historical Price Trends and Forecast 2017-2027
45.    Europe Acetic Acid Historical Price Trends and Forecast 2017-2027
46.    Asia Pacific Acetic Acid Historical Price Trends and Forecast 2017-2027
47.    Latin America Acetic Acid Historical Price Trends and Forecast 2017-2027
48.    Middle East and Africa Acetic Acid Historical Price Trends and Forecast 2017-2027
49.    Global Acetic Anhydride Market Structure

Key Questions Answered in the Report

The global acetic anhydride market grew at a CAGR of about 4.9% between 2022 and 2027.

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, Eastman Chemical Company, Sahara International Petrochemical Company, Jubilant Life Sciences Ltd., Daicel Corporation, China National Petroleum Corporation, Saudi International Petrochemical Company (Sipchem), Others.

Analyst Review

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 2022-2027, 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, Eastman Chemical Company, Sahara International Petrochemical Company, Jubilant Life Sciences Ltd., Daicel Corporation, China National Petroleum Corporation, Saudi International Petrochemical Company (Sipchem), 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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