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North America Acetic Anhydride Market Size, Share, Growth: By Application: Cellulose Acetate Flakes, Pharmaceuticals, Tetraacetylethylenediamine (TAED), Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
North America Acetic Anhydride Market Outlook
The North America acetic anhydride market attained a volume of about 1.02 MMT in 2023. The market is further estimated to grow in the forecast period of 2024-2032 at a CAGR of 3.4% to reach nearly 1.37 MMT by 2032.
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Growing Utilisation of Acetic Anhydride in Cellulose Acetate Fibres to Propel the Market Growth in North America
The increasing use of acetic anhydride as a raw material for cellulose acetate fibres is bolstering the growth of the market. With the growing utilisation of cellulose acetate fibres in textile fibres and cigarette filter tow, the market for acetic anhydride is witnessing a healthy growth. Cellulose acetate fibres are increasingly used in durable goods and disposables on account of their eco-friendliness, hence boosting the demand for acetic anhydride. Moreover, the growing demand for cellulose acetate fibres in the production of eyeglass frames, high absorbency products like surgical products and diapers, ink reservoirs for fibre tip pens, and filters, among others, is positively impacting the North America acetic anhydride market.
Market Segmentation
Acetic anhydride, variously known as ethanoic anhydride, refers to a chemical compound that is used for the acetylation of alcohols and amines. It typically appears as a colourless liquid and has a strong odour of vinegar. Acetic anhydride finds extensive application in various end-use sectors like pharmaceuticals, plastics, dyes, and explosives, among others.
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The major applications of acetic anhydride are:
- Cellulose Acetate Flakes
- Pharmaceuticals
- Tetraacetylethylenediamine (TAED)
- Others
The EMR report looks into the regional markets of acetic anhydride in North America like the United States of America, Canada, and Mexico.
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Growing Use of Acetic Anhydride in the Pharmaceutical Sector to Aid the North America Market Growth
The North America acetic anhydride market growth can be attributed to the growing use of the chemical as a significant raw material in the manufacturing of various pharmaceutical products such as acetaminophen and aspirin, among others. With the rising prevalence of various health-related issues, the increasing demand for pharmaceutical products is favouring the market growth of acetic anhydride in North America. The robust healthcare infrastructure and the rapid growth of the pharmaceutical sector are providing further impetus to the market for acetic anhydride in North America.
The growing use of acetic anhydride in tetraacetylethylenediamine (TAED) in detergents to improve their bleaching efficiency is propelling the market growth. As TAED exhibits excellent granulation properties, enhanced storage stability, and good biocidal activity, it is increasingly utilised in innovative detergents, which is anticipated to fuel the market for acetic anhydride in North America. With the growing focus on hygiene, especially after the COVID-19 pandemic, the demand for detergents is surging, which is likely to augment the regional acetic anhydride market in the forecast period.
Key Players in the North America Market for Acetic Anhydride
The report presents a detailed analysis of the following key players in the North America acetic anhydride market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Celanese Corporation
- Eastman Chemical Company
- Jubilant Ingrevia Limited
- DuPont de Nemours, Inc.
- Ineos Group Ltd
- Others
The comprehensive report looks into the macro and micro aspects of the market. 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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| Trade Data Analysis |
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| Price Analysis |
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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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Acetic Anhydride Market Analysis
8.1 Key Industry Highlights
8.2 North America Acetic Anhydride Historical Market (2018-2023)
8.3 North America Acetic Anhydride Market Forecast (2024-2032)
8.4 North America Acetic Anhydride Market by Application
8.4.1 Cellulose Acetate Flakes
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Pharmaceuticals
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Tetraacetylethylenediamine (TAED)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 North America Acetic Anhydride Market by Country
8.5.1 United States of America
8.5.2 Canada
8.5.3 Mexico
9 Regional Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Mexico
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 Trade Data Analysis (HS Code - 291524)
11.1 Major Importing Countries
11.1.1 By Volume
11.1.2 By Value
11.2 Major Exporting Countries
11.2.1 By Volume
11.2.2 By Value
12 Acetic Anhydride Price Analysis
13 North America Acetic Anhydride Feedstock Analysis
13.1 Key Industry Highlights
13.2 North America Acetic Acid Historical Market (2018-2023)
13.3 North America Acetic Acid Market Forecast (2024-2032)
13.4 North America Acetic Acid Market by Application
13.4.1 VAM
13.4.2 PTA
13.4.3 Anhydride
13.4.4 Ethyl Acetate
13.4.5 Butyl Acetate
13.4.6 Others
13.5 Trade Data Analysis (HS Code- 291521)
13.5.1 Major Exporting Countries
13.5.1.1 By Value
13.5.1.2 By Volume
13.5.2 Major Importing Countries
13.5.2.1 By Value
13.5.2.2 By Volume
13.6 Acetic Acid Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Celanese Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Eastman Chemical Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Jubilant Ingrevia Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 DuPont de Nemours, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Ineos Group Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Acetic Anhydride Market: Key Industry Highlights, 2018 and 2032
2. North America Acetic Anhydride Historical Market: Breakup by Application (USD Million), 2018-2023
3. North America Acetic Anhydride Market Forecast: Breakup by Application (USD Million), 2024-2032
4. North America Acetic Anhydride Historical Market: Breakup by Country (USD Million), 2018-2023
5. North America Acetic Anhydride Market Forecast: Breakup by Country (USD Million), 2024-2032
6. Major Exporting Countries by Value
7. Major Importing Countries by Value
8. Major Exporting Countries by Volume
9. Major Importing Countries by Volume
10. North America Acetic Acid Historical Market: Breakup by Application (USD Million), 2018-2023
11. North America Acetic Acid Market Forecast: Breakup by Application (USD Million), 2024-2032
12. North America Acetic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Acetic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Feedstock Major Exporting Countries by Value
15. Feedstock Major Importing Countries by Value
16. Feedstock Major Exporting Countries by Volume
17. Feedstock Major Importing Countries by Volume
18. North America Acetic Anhydride Market Structure
Key Questions Answered in the Report
In 2023, the North America acetic anhydride market attained a volume of nearly 1.02 MMT.
The market is estimated to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about 1.37 MMT by 2032.
The market is being aided by the growing demand for cellulose acetate fibres, the increasing use of acetic anhydride in the manufacturing of textile fibres, and the rising use of acetic anhydride as a raw material for plastics.
The market is expected to be fuelled by the growing use of acetic anhydride in the manufacturing of various pharmaceutical products, the rising prevalence of various health-related issues, and the rising demand for tetraacetylethylenediamine (TAED) in bleaching applications.
The major regions in the market are the United States of America, Canada, and Mexico.
The major applications of acetic anhydride in the market are cellulose acetate flakes, pharmaceuticals, and tetraacetylethylenediamine (TAED), among others.
The major players in the market are Celanese Corporation, Eastman Chemical Company, Jubilant Ingrevia Limited, DuPont de Nemours, Inc., and Ineos Group Ltd, among others.
Analyst Review
The North America acetic anhydride market attained a volume of nearly 1.02 MMT in 2023, driven by the growing demand for cellulose acetate fibres. Aided by the rising demand for tetraacetylethylenediamine (TAED) in bleaching applications, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.4%. The market is estimated to reach about 1.37 MMT by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on its applications, the market for acetic anhydride can be segmented into cellulose acetate flakes, pharmaceuticals, and tetraacetylethylenediamine (TAED), among others. The major regional markets for acetic anhydride in North America are the United States of America, Canada, and Mexico. The key players in the above market include Celanese Corporation, Eastman Chemical Company, Jubilant Ingrevia Limited, DuPont de Nemours, Inc., and Ineos Group Ltd, 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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