Acetic Anhydride Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 2.28 Million tons |
| Market Volume (2029) | 2.87 Million tons |
| CAGR (2024 - 2029) | 4.65 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Acetic Anhydride Market Analysis
The Acetic Anhydride Market size is estimated at 2.28 Million tons in 2024, and is expected to reach 2.87 Million tons by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).
The market is majorly driven by the growing usage in laundry detergents and increasing demand from the pharmaceutical industry for acetic anhydride, as an intermediate.
- The growing usage of TAED in the laundry detergent segment has driven the market for acetic anhydride.
- Adoption of E-cigarettes and declining usage of acetic anhydride for cellulose anhydride is likely to hinder the market’s growth.
- Development of Acetylated Wood is projected to act as an opportunity for the market in future.
Acetic Anhydride Market Trends
This section covers the major market trends shaping the Acetic Anhydride Market according to our research experts:
Increasing Demand from the Pharmaceutical Industry
- Acetic anhydride is a key raw material required in the production of medicines, such as acetylsalicylic acid (aspirins), sulfa drugs, certain vitamins and hormones, acetyl-p-aminophenol, cortisone, acetanilide, theophylline, acetylcholine hydrochloride, acetophenacetin, sulfonamides, and paracetamol.
- There has been an enormous growth in the number of general health issues arising globally, such as fever, cough and cold, body pains, nausea, etc.
- This has led to an increase in demand for drugs, like aspirin and paracetamol. The increasing consumption of these generic drugs has significantly benefitted the market for acetic anhydride.
- Additionally, there has been a rapid growth in the pharmaceutical sector in the past few years. The growth trend is expected to continue over the forecast period, due to the increasing health issues among people.
- All the aforementioned factors, is expected to drive the global market during the forecast period.
Asia-Pacific Region is Expected to Dominate the Market
- Asia-Pacific is the largest consumer of acetic anhydride in the global market.
- Acetic Anhydride is a key raw material required in the production of medicines, such as acetylsalicylic acid (aspirins), sulfa drugs, and various other medicines.
- The region has witnessed a growth in the number of health issues, which include fever, cough & cold, body pains, nausea, etc. due to the pollution levels from industrial activities.
- Healthcare has become one of the India’s largest sectors, due to its strengthening coverage, services and increasing expenditure by public as well as private players.
- The government’s expenditure on the healthcare sector increased to 1.4% from 1.2%. This has led to an increase in demand for drugs, like aspirin and paracetamol.
- Additionally, the increasing concerns for hygiene and cleanliness have led to the growth of the laundry and cleaning sector in Asia-Pacific, which in turn shall augment the growth of acetic anhydride market during the forecast period.
Acetic Anhydride Industry Overview
The acetic anhydride market is partially fragmented. In terms of market share, the market is distributed among many global manufacturers. Key players in the acetic anhydride market are Jubilant Life Sciences., Daicel Corporation, Sigma Aldrich, and Celanese Corporation, among others.
Acetic Anhydride Market Leaders
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Jubilant Life Sciences
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Celanese Corporation
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DuPont
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Sasol Limited
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SABIC
*Disclaimer: Major Players sorted in no particular order
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Acetic Anhydride Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from the Pharmaceutical Industry for Acetic Anhydride as an Intermediate
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4.1.2 Surging Demand from the Polymer/Resin Industry
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4.1.3 Growing Use of Tetraacetylethylenediamine (TAED) in Laundry Detergents
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4.2 Restraints
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4.2.1 Adoption of E-cigarettes
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4.2.2 Declining Usage of Acetic Anhydride for Cellulose Acetate Production
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Coating Material
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5.1.2 Explosive
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5.1.3 Plasticizer
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5.1.4 Synthesizer
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5.1.5 Other Applications
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5.2 End-user Industry
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5.2.1 Tobacco
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5.2.2 Pharmaceutical
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5.2.3 Laundry & Cleaning
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5.2.4 Agrochemical
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5.2.5 Textile
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5.2.6 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Nordic Countries
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5.3.3.6 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 BP PLC
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6.4.3 Celanese Corporation
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6.4.4 China National Petroleum Corporation
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6.4.5 Daicel Corporation
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6.4.6 DuPont
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6.4.7 Eastman Chemical Company
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6.4.8 Jiangsu Danhua Group Pvt Ltd
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6.4.9 Jubilant Life Sciences
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6.4.10 Luna Chemical Industries Pvt Ltd
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6.4.11 Shijiazhuang Shengkang Biotech Co. Ltd
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6.4.12 Sigma Aldrich
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6.4.13 Sipchem
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6.4.14 Taj Pharmaceuticals Ltd
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6.4.15 Kunshan Yalong Co. Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Development of Acetylated Wood
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7.2 Other Opportunities
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Acetic Anhydride Industry Segmentation
The acetic anhydride market report includes:
| Application | |
| Coating Material | |
| Explosive | |
| Plasticizer | |
| Synthesizer | |
| Other Applications |
| End-user Industry | |
| Tobacco | |
| Pharmaceutical | |
| Laundry & Cleaning | |
| Agrochemical | |
| Textile | |
| Other End-user Industries |
| Geography | ||||||||
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Acetic Anhydride Market Research FAQs
How big is the Acetic Anhydride Market?
The Acetic Anhydride Market size is expected to reach 2.28 million tons in 2024 and grow at a CAGR of 4.65% to reach 2.87 million tons by 2029.
What is the current Acetic Anhydride Market size?
In 2024, the Acetic Anhydride Market size is expected to reach 2.28 million tons.
Who are the key players in Acetic Anhydride Market?
Jubilant Life Sciences, Celanese Corporation, DuPont, Sasol Limited and SABIC are the major companies operating in the Acetic Anhydride Market.
Which is the fastest growing region in Acetic Anhydride Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Acetic Anhydride Market?
In 2024, the Asia Pacific accounts for the largest market share in Acetic Anhydride Market.
What years does this Acetic Anhydride Market cover, and what was the market size in 2023?
In 2023, the Acetic Anhydride Market size was estimated at 2.18 million tons. The report covers the Acetic Anhydride Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Acetic Anhydride Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Acetic Anhydride Industry Report
Statistics for the 2024 Acetic Anhydride market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Acetic Anhydride analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
