Acetic Anhydride Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Application (Coating Material, Explosive, Plasticizer, Synthesizer, and Other Applications), End-user Industry (Tobacco, Pharmaceutical, Laundry & Cleaning, Agrochemical, Textile, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

4 %

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Market Overview

The market for acetic anhydride is anticipated to register a CAGR of more than 4% during the forecast period. 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.

Scope of the Report

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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Nordic Countries
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

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.

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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.

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Competitive Landscape

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.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Pharmaceutical Industry for Acetic Anhydride as an Intermediate

      2. 4.1.2 Surging Demand from the Polymer/Resin Industry

      3. 4.1.3 Growing Use of Tetraacetylethylenediamine (TAED) in Laundry Detergents

    2. 4.2 Restraints

      1. 4.2.1 Adoption of E-cigarettes

      2. 4.2.2 Declining Usage of Acetic Anhydride for Cellulose Acetate Production

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Coating Material

      2. 5.1.2 Explosive

      3. 5.1.3 Plasticizer

      4. 5.1.4 Synthesizer

      5. 5.1.5 Other Applications

    2. 5.2 End-user Industry

      1. 5.2.1 Tobacco

      2. 5.2.2 Pharmaceutical

      3. 5.2.3 Laundry & Cleaning

      4. 5.2.4 Agrochemical

      5. 5.2.5 Textile

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Nordic Countries

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 BP PLC

      3. 6.4.3 Celanese Corporation

      4. 6.4.4 China National Petroleum Corporation

      5. 6.4.5 Daicel Corporation

      6. 6.4.6 DuPont

      7. 6.4.7 Eastman Chemical Company

      8. 6.4.8 Jiangsu Danhua Group Pvt Ltd

      9. 6.4.9 Jubilant Life Sciences

      10. 6.4.10 Luna Chemical Industries Pvt Ltd

      11. 6.4.11 Shijiazhuang Shengkang Biotech Co. Ltd

      12. 6.4.12 Sigma Aldrich

      13. 6.4.13 Sipchem

      14. 6.4.14 Taj Pharmaceuticals Ltd

      15. 6.4.15 Kunshan Yalong Co. Ltd

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Acetylated Wood

    2. 7.2 Other Opportunities

** Subject to Availability

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