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Global Acetic Anhydride Industry Report: Regional Analysis; Key Segmentation and Scope; Industry Opportunities and Challenges; Market Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Trade Data Analysis; Price Analysis; Industry Events and Developments; Competitive Landscape, 2022-2027

Acetic Anhydride Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices


The global Acetic Anhydride market reached a value of about USD 2.91 billion in 2021. The industry is projected to grow at a CAGR of around 4.9% in the forecast period of 2022-2027 to reach a value of about USD 3.87 billion by 2027.

The global Acetic Anhydride industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The product's employment in a wide range of medications is primarily driving the market growth. The Asia Pacific is the highest category spender by region, driving the demand for the Acetic Anhydride industry.

Industry Definition and Segmentation

Acetic acid is converted into acetic anhydride, a colourless liquid, by chemical synthesis and dehydration. It is a colourless substance with a strong odour resembling that of acetic acid and is widely used in many commercial applications and has a strong fragrance. It has a variety of end uses in important sectors since it is one of the essential organic intermediates. The Acetic Anhydride industry report comprises segments by Application (Cellulose Acetate Flakes, Pharmaceuticals, TAED, Others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific holds the largest share in the industry due to its growing industrialization. Countries like China and India are amongst the greatest producers in various sectors, including textiles, packaging, and medicines. As a result, the demand for acetic anhydride as a raw material in the area is rising. Additionally, the need for generic medications like aspirin is growing because of the region's different favourable measures boosting access to healthcare in various nations.

The industry is being aided by the employment of the product in the pharmaceutical sector. It is extensively employed in producing several medications, including aspirin and paracetamol. The following medicines are in high demand due to the rise in health problems, including pains, vomiting, and fever, which is furthering the market's expansion. The product is also a critical raw ingredient and finds application in the production of acetaminophen, cortisone, and theophylline, further boosting demand. In addition, the increased need for hormonal medications to treat different chronic illnesses, including cancer, hormonal disorders like allergic rhinitis, prostate problems, hypothyroidism, infertility, etc., are likely to increase demand.

Best Procurement Practices

The global Acetic Anhydride industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Acetic Anhydride regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Ketene is used to convert glacial acetic acid into acetic anhydride. Acetic acid is heated to a high temperature and allowed to evaporate before being added with a catalyst to a cracking furnace that works under a vacuum to create ketene and water. To prevent the reaction from reversing, the reaction mixture is immediately cooled. The gases are then sent through two absorption towers, which are washed by acetic acid/acetic anhydride of varied concentrations before being separated from the condensed dilute acetic acid. The second absorption tower receives the addition of glacial acetic acid. Acetic anhydride is created when ketene and acetic acid combine. The gases are further cleansed in the washing towers that come next before being discharged into the atmosphere. Crude acetic anhydride is distilled and recovered as the bottom product in a distillation column. Acetic acid, the main output, is recycled back into the process.

Other Applications of the Product, Further Bolstering the Procurement of Acetic Anhydride

The industry is being aided by using cellulose acetate, a derivative of acetic anhydride in the packaging industry. Owing to its biodegradable qualities, cellulose acetate is increasingly used in place of petroleum-based products in the packaging sector, boosting the market's growth. Furthermore, the trend of antimicrobial packaging to prevent microbial growth is also on the rise due to the increased requirements and standards for packaging in the food and beverage sector to avoid food poisoning and maintain optimal quality. As a result of its flexibility and stability, cellulose acetate is increasingly in demand to create a stiff film, supporting the acetic anhydride industry's expansion. The widespread usage of cellulose due to the movement toward sustainable lifestyles, particularly among young people, and its advantageous qualities in the textile sector is propelling the industry forward. Also, the increased research and development (R&D) efforts to introduce cellulose fibre as a cotton replacement to suit the expanding textile industry demand are likely to create market opportunities.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Acetic Anhydride Industry Report

  • Celanese Corporation
  • Sahara International Petrochemical Company
  • Eastman Chemical Company
  • Jubilant Life Sciences Ltd.
  • Daicel Corporation

Market Landscape

The existing market is partially fragmented and split among several international producers regarding market share. These businesses use a variety of strategies, such as strategic product releases and corporate expansions, to outperform competitors in the global market.

Key Initiatives by Companies

  • The expansion of the vinyl acetate monomer (VAM) production line in Nanjing, China, was announced by Celanese Corporation in March 2021. This expansion programme was designed to meet the rising demand from Asian and international clients while supporting the acetic anhydride business's ongoing growth.

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

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Key Questions Answered in the Report

The global Acetic Anhydride market size was valued at USD 2.91 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 4.9%.

The significant demand for the product in other end-user industries is one of the essential drivers of the Acetic Anhydride market growth.

Celanese Corporation, Eastman Chemical Company, Sahara International Petrochemical Company, Jubilant Life Sciences Ltd., Daicel Corporation, China National Petroleum Corporation, Saudi International Petrochemical Company (Sipchem), and Others are some of the key players in the market.

The Acetic Anhydride industry's Asia Pacific region holds a significant market share.

Analyst Review

The global Acetic Anhydride market attained a value of USD 2.91 billion in 2021, driven by the employment of the product in the pharmaceutical sector. Aided by the use of the cellulose acetate, a derivative of acetic anhydride in the packaging industry Owing to its biodegradable qualities and the increased research and development (R&D) efforts to introduce cellulose fibre as a cotton replacement, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.9%. The market is projected to reach USD 3.87 billion by 2027. Some of the leading 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), and Others.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.

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We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.

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Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.

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