Global Acetic Anhydride Market Size to Exceed USD 4.01 Billion by 2035 | CAGR of 4.35%
Category: Chemicals & MaterialsGlobal Acetic Anhydride Market Size to Exceed USD 4.01 Billion by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Acetic Anhydride Market Size is expected to Grow from USD 2.51 Billion in 2024 to USD 4.01 Billion by 2035, at a CAGR of 4.35% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Acetic Anhydride Market Size, Share, and COVID-19 Impact Analysis, By Application (Cellulose Acetate, Coating Materials, Plasticizers, Dyes & Pigments, Medicine Manufacturing, Agrochemicals, Flavors & Fragrances, and Others), By End User (Chemicals, Pharmaceuticals, Paints & Inks, Textiles, Agriculture, Food & Beverage, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/acetic-anhydride-market
The global commercial industry that produces, distributes, and sells acetic anhydride, a crucial organic chemical that is mostly employed as an acetylating agent, is referred to as the acetic anhydride market. From the procurement of raw materials, such as acetic acid and chemical intermediates, to large-scale production, distribution, and end-use applications, this market covers the whole supply chain. Acetic anhydride is widely used in chemical synthesis, coatings, textiles, polymers, and medicines. The market for acetic anhydride is mostly driven by its wide range of uses in the chemical, textile, and pharmaceutical industries. It ensures consistent demand in the pharmaceutical industry by acting as a crucial reagent in the production of aspirin, antibiotics, and other active pharmaceutical ingredients (APIs). Significant contributions are also made by the textile and plastics industries, which use acetic anhydride to produce cellulose acetate fiber, photographic films, coatings, and adhesives. However, stringent regulations, hazardous handling, high production costs, raw material price volatility, and safer substitutes restrain growth in the acetic anhydride market.
The cellulose acetate segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the application, the acetic anhydride market is divided into cellulose acetate, coating materials, plasticizers, dyes & pigments, medicine manufacturing, agrochemicals, flavors & fragrances, and others. Among these, the cellulose acetate segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The widespread usage of cellulose acetate in the manufacturing of textiles, photographic films, and cigarette filters is the main cause of the cellulose acetate segment.
The pharmaceuticals segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end user, the acetic anhydride market is divided into chemicals, pharmaceuticals, paints & inks, textiles, agriculture, food & beverage, and others. Among these, the pharmaceuticals segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The compound's widespread use in the synthesis of active pharmaceutical ingredients (APIs) and intermediates, which are crucial in the formulation and manufacturing of drugs, is the main reason for the pharmaceuticals segment.
Asia Pacific is expected to hold the majority share of the global acetic anhydride market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global acetic anhydride market during the forecast period. Growing chemical manufacturing capabilities, increased pharmaceutical production, and strong industrial expansion are the main drivers of the Asia Pacific region. Regional market leadership is further supported by the growing demand for cellulose acetate in coatings, biodegradable plastics, and textiles. Supply chain efficiency and manufacturing capabilities are improved by rapid urbanization, infrastructure development, and the presence of major chemical manufacturers in nations like China and India.
North America is anticipated to grow at the fastest pace in the global acetic anhydride market during the forecast period. The growing demand from the specialty, chemical, and pharmaceutical industries is what propels North America. Furthermore, the implementation of sustainable and CO2-efficient production technology, in conjunction with regulatory support for chemical manufacture, improves environmental compliance and operational efficiency.
Major vendors in the global acetic anhydride market are SABIC, DuPont, Rhodia, BASF SE, Sipchem, BP Chemicals, Sasol Limited, PetroChina Ltd, Daicel Corporation, Jubilant Life Sciences, Celanese Corporation, Eastman Chemical Company, Luna Chemical Industries Pvt. Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In April 2024, Eastman Chemical Company announced an off-list price increase for its Sales Grade acetic anhydride in North and Latin America of $0.05 per pound (about $0.11 per kilogram). According to the corporation, the modification ensures sustained alignment with industry pricing and supply dynamics by taking into account growing input prices and market conditions.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the acetic anhydride market based on the below-mentioned segments:
Global Acetic Anhydride Market, By Application
- Cellulose Acetate
- Coating Materials
- Plasticizers
- Dyes & Pigments
- Medicine Manufacturing
- Agrochemicals
- Flavors & Fragrances
- Others
Global Acetic Anhydride Market, By End User
- Chemicals
- Pharmaceuticals
- Paints & Inks
- Textiles
- Agriculture
- Food & Beverage
- Others
Global Acetic Anhydride Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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