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The Acetic Anhydride Market size was estimated at USD 2.50 billion in 2023, USD 2.64 billion in 2024, and is expected to grow at a CAGR of 5.76% to reach USD 3.70 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Acetic anhydride is a colorless liquid compound that plays a critical role in the manufacturing of various chemicals. It is primarily used in the production of cellulose acetate, a versatile material found in photographic film and textiles, and acetylsalicylic acid, widely known as aspirin, a common medication. The simplicity of the compound, coupled with its widespread utility, underscores its importance in the chemical industry. The global expansion of the pharmaceutical industry expands the demand for acetic anhydride. As the production of aspirin and other acetylated drugs increases to meet global healthcare needs, the requirement for acetic anhydride intensifies correspondingly.
The use of cellulose acetate in the production of textiles and cigarette filters is a key factor boosting the consumption of acetic anhydride. With the global textiles and apparel market expanding, the demand for acetic anhydride is expected to grow. The presence of alternatives for both the pharmaceutical and textile applications associated with acetic anhydride hampers the market growth. Continuous research and innovation in the field of acetylated compounds for new applications further broaden the market for acetic anhydride. The development of new, more efficient manufacturing processes and uses in different industries can act as opportunities for market growth.
Regional Insights
In the Americas, the acetic anhydride market is driven primarily by its robust pharmaceutical sector. Acetic anhydride is utilized extensively in the synthesis of aspirin and other acetate drugs, marking a steady demand within this sector. Additionally, the market in the region benefits from advanced production facilities and substantial investment in research and development, contributing to innovative applications and efficient production processes. The Asia-Pacific region is marked by rapid growth in the acetic anhydride market, primarily fueled by expanding industrial activities in countries including, China, India, and Southeast Asian nations.The surge in demand comes from a growing pharmaceutical sector, escalating textile industries, and an increasing need for acetic anhydride in the production of cellulose acetate, used for manufacturing photographic films and plastics. China, being a global manufacturing hub, holds a significant share of the APAC market, attributed to its extensive chemical industry and laxer regulatory environment compared to Western countries. The APAC market is expected to continue its growth trajectory, supported by industrial expansion and increasing investments in the chemical and pharmaceutical sectors. In the EMEA region, the market dynamics of acetic anhydride are influenced by a well-established pharmaceutical industry in Europe and a developing industrial landscape in parts of the Middle East and Africa. European countries exhibit a steady demand for acetic anhydride, driven by stringent quality standards in pharmaceutical manufacturing and a strong focus on research and development. The region's market is also regulated by strict environmental and safety regulations, influencing the production, handling, and transportation of chemicals. Meanwhile, in the Middle East and Africa, the market is gradually expanding, with potential growth linked to industrialization efforts and investments in pharmaceuticals and textiles.
Market Trends by Segment
- Grade: Rising usage of food grade acetic anhydride to meet the safety and quality standards
- Application: High potential of acetic anhydride as an acetylation agent in manufacturing explosives
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Revolutionary Partnership between Again and HELM Transforms CO2 Emissions into Market-Ready Acetic Acid
Climate technology startup Again has entered into a groundbreaking 10-year partnership with the globally recognized chemical distributor HELM, marking a pivotal advancement in the sustainable chemical industry. This collaboration aims to leverage Again's innovative technology for converting waste CO2 emissions into acetic acid alongside HELM's extensive experience and global distribution networks. The agreement covers the initial production of 50,000 tonnes of acetic acid, demonstrating a mutual commitment to sustainability and the decarbonization of chemical supply chains.Jubilant Ingrevia Boosts Global Presence with Advanced Acetic Anhydride Facility Expansion in Gujarat
Jubilant Ingrevia has unveiled a strategic expansion of its acetic anhydride production by inauguring a state-of-the-art facility in Bharuch, Gujarat. This expansion introduces an additional 60,000 metric tons (MT) to its production capacity, elevating its total output to 210,000 MT annually. This move is set to bolster Jubilant Ingrevia's dominance in international and domestic markets by extending its reach across diverse sectors, including pharmaceuticals, agrochemicals, food processing, and more. The new capacity underlines the company's commitment to meeting the growing demand for acetic anhydride, a critical ingredient in manufacturing essential products like aspirins, dyes, and food additives. This development positions Jubilant Ingrevia to foster greater innovation and serve a broader spectrum of industries with its enhanced production capabilities.Key Company Profiles
The report delves into recent significant developments in the Acetic Anhydride Market, highlighting leading vendors and their innovative profiles. These include Anhui Wanwei Group Co., Ltd, Ataman Kimya A.S., Atom Scientific Limited, Avantor, Inc., BASF SE, Biosolve Chimie, Carl Roth GmbH + Co. KG, Celanese Corporation, Central Drug House (P) Ltd., Cole-Parmer Instrument Company, LLC by Antylia Scientific, Daicel Corporation, Eastman Chemical Company, Euriso-top by Cambridge Isotope Laboratories, Inc., Finar Ltd. by Actylis, GFS Chemicals, Inc., Honeywell International Inc., Ineos AG, Jiangsu Danhua Group Co.,Ltd., Jubilant Ingrevia Limited, Merck KGaA, MP Biomedicals, LLC by Valiant Co. Ltd, RLG Group, Robinson Brothers Limited, SimSon Pharma Limited, Spectrum Chemical Mfg. Corp., Taj Pharmaceuticals Limited by TAJ PHARMA GROUP, Tedia, Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd., and Vizag Chemical International.This research report offers invaluable insights into various crucial aspects of the Acetic Anhydride Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Acetic Anhydride Market, by Grade
7. Acetic Anhydride Market, by Application
8. Americas Acetic Anhydride Market
9. Asia-Pacific Acetic Anhydride Market
10. Europe, Middle East & Africa Acetic Anhydride Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Anhui Wanwei Group Co., Ltd
- Ataman Kimya A.S.
- Atom Scientific Limited
- Avantor, Inc.
- BASF SE
- Biosolve Chimie
- Carl Roth GmbH + Co. KG
- Celanese Corporation
- Central Drug House (P) Ltd.
- Cole-Parmer Instrument Company, LLC by Antylia Scientific
- Daicel Corporation
- Eastman Chemical Company
- Euriso-top by Cambridge Isotope Laboratories, Inc.
- Finar Ltd. by Actylis
- GFS Chemicals, Inc.
- Honeywell International Inc.
- Ineos AG
- Jiangsu Danhua Group Co.,Ltd.
- Jubilant Ingrevia Limited
- Merck KGaA
- MP Biomedicals, LLC by Valiant Co. Ltd
- RLG Group
- Robinson Brothers Limited
- SimSon Pharma Limited
- Spectrum Chemical Mfg. Corp.
- Taj Pharmaceuticals Limited by TAJ PHARMA GROUP
- Tedia
- Thermo Fisher Scientific Inc.
- Tokyo Chemical Industry Co., Ltd.
- Vizag Chemical International
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.64 Billion |
| Forecasted Market Value ( USD | $ 3.7 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
