Acetic Anhydride Market Forecasts to 2028 - Global Analysis By Grade (Reagent Grade, Food Grade and Other Grades), Purity (98% and Below 98% and Above 98%), Application (Cigarette Filters, Coating Materials, Dyes and Other Applications), End User (Tobacco, Agrochemicals, Cellulose Acetate and Other End Users) and By Geography
Estimated Year Value (2022)
US $3.93 BN
Projected Year Value (2028)
US $5.06 BN
CAGR (2022 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
Middle East & Africa
According to Stratistics MRC, the Global Acetic Anhydride Market is accounted for $3.93 billion in 2022 and is expected to reach $5.06 billion by 2028 growing at a CAGR of 4.3% during the forecast period. Acetic anhydride, also referred to as ethanoic anhydride, is an organic substance with the chemical formula C4H6O3. Dehydrating acetic acid produces this compound. This clear liquid is used in the production of many different products, including medicines, plastics, dyes, perfumes, and explosives. It is widely used in the production of many pharmaceuticals, including aspirin and paracetamol.
According to the European Cleaning & Facilities Service Sector (EFCI) Report, cleaning sector sales in Europe climbed by 8% to USD 135 billion in 2020-21.
Growing demand from the pharmaceutical industry
The pharmaceutical industry's increasing need for acetic anhydride is fueling market expansion. It is widely employed in the manufacture of several medications, including aspirin and paracetamol. The acetic anhydride industry is expanding as a result of the rise in health-related problems like fever, nausea, and vomiting, among other things. The market's expansion is being further fueled by the rising demand for hormonal medications for the treatment of numerous chronic illnesses, including cancer, as well as hormonal disorders like allergic rhinitis, prostate issues, hypothyroidism, and infertility, among others.
Negative effects on health
The growth is impacted by the harmful health effects of acetic anhydrides, like skin allergies, eye irritation, nose irritation, and lung damage. Another thing that reduces demand for this compound is the fact that it is very corrosive. Additionally, the growing popularity of e-cigarettes raises serious health and environmental concerns. Thus, as a result of these factors, the market growth for products based on acetic anhydride is severely constrained.
Rising growth in the laundry and home care sectors
For spot removal, cleaners, and other uses, acetic anhydride is becoming more popular in the laundry and cleaning industries. Due to factors like the rising importance of cleanliness and hygiene as well as the rising production of laundry care products, the cleaning industry is expanding quickly. The British Cleaning Council (BCC) reports that between 2020 and 2021, toilet preparation and soap and detergent cleaning both increased by 1.2% in the UK. The use of acetic anhydride for surface cleaners, metal cleaners, and other purposes is growing as a result of the laundry and cleaning industry's explosive growth potential, which is in turn propelling the global acetic anhydride market.
Decline in demand due to global inflation
The outlook for advanced economies is impacted by widening and persistent inflationary pressures as well as the strict regulations implemented by financial institutions. A protracted recession and rising inflation may significantly reduce consumer demand for chemicals like acetic anhydride from important industries such as paint and coatings, agrochemicals, pharmaceuticals, and others, which will prevent the market from expanding.
Due to manufacturing disruption, supply chain disruption, declining demand from significant end-use industries, and other lockdown restrictions, the COVID-19 outbreak had a significant negative impact on the growth of the acetic anhydride market. However, a significant recovery is increasing demand for acetic anhydride due to its wide range of applications and uses in the food and beverage, medical, and other industries.
The medical & pharmaceuticals segment is expected to be the largest during the forecast period
Due to growth drivers like higher spending on medications, accelerating growth, and expanding medical infrastructure, the medical and pharmaceuticals segment is expected to be the largest during the forecast period. By 2022, the Indian healthcare market is anticipated to reach US$372 billion, according to the India Brand Equity Foundation (IBEF). Because of this, there will be a significant increase in demand for acetic anhydride in medicinal applications throughout this region.
The coating materials segment is expected to have the highest CAGR during the forecast period
The growing demand for protective and performance coatings from the manufacturing sector is predicted to drive the coating materials segment over the forecast period. The chemical's expanding use as a solvent in paints would also contribute to the market's expansion. Additionally, the coronavirus pandemic's strong emphasis on home renovation and the ensuing surge in the use of architectural paints and coatings will support the expansion of the acetic anhydride market.
Region with largest share:
Due to its rapid industrialization, the Asia Pacific region accounts for a significant market share in the predicted timeline. Manufacturers in industries like pharmaceuticals, packaging, and textiles, among others, include nations like China and India. As a result, there is a rise in demand for acetic anhydride as a raw material in the area, which is boosting market expansion. Furthermore, a significant portion of the overall acetic anhydride industry in this region is supported by the robust growth of the textile sector in India and the region's growing preferences for natural fibers.
Region with highest CAGR:
The Middle Eastern nations' consumption of the chemical has significantly increased, largely due to the high demand for it in numerous industrial applications. These include its use as a food additive and its necessity as a synthesizer for cellulose acetate, which is used to make cigarette filters. As a result of rising investments in Saudi Arabia's and the UAE's chemical manufacturing industries and the high growth potential of the regional chemical industry.
Key players in the market
Some of the key players profiled in the Acetic Anhydride Market include BASF SE, BP PLC, Celanese Corporation, China National Petroleum Corporation, Daicel Corporation, DuPont, Eastman Chemical Company, Honeywell International Inc., Jiangsu Danhua Group Pvt Ltd, Jubilant Life Sciences Ltd., Kunshan Yalong Co. Ltd, Lonza Group Ltd., Luna Chemical Industries Pvt Ltd, PetroChina Ltd, SABIC, Sahara International Petrochemical Company, Sasol limited, Saudi International Petrochemical Company (Sipchem), Sigma Aldrich, Taj Pharmaceuticals Ltd and Thermo Fisher Scientific Inc.
In April 2023, Jubilant Ingrevia has announced the commissioning of its new global scale Acetic Anhydride plant, at its manufacturing facility in west India at Bharuch, Gujarat. This plant adds around 60,000 MT of capacity, whereby scaling Jubilant Ingrevia’s overall annual Acetic Anhydride capacity to 210,000 MT. This enhanced capacity will also help the company to increase its global presence in various geographies and achieve leadership position in the global merchant markets.
In April 2022, Jubilant Ingrevia announced the completion of the company’s new Green Ethanol-based food-grade Acetic Acid plant in Uttar Pradesh, India, which is intended to fulfill the highest product certification requirements such as FSSAI, Halal, ISO 22000, FCC Codex, Kosher, and so on. It will meet the growing need for food preservatives throughout the world.
In March 2021, Celanese Corporation has announced investments in China to increase its vinyl acetate monomer manufacturing plants. This expansion is intended to support the growth of the acetic anhydride industry by meeting worldwide customer demand.
• Reagent Grade
• Food Grade
• Other Grades
• 98% and Below 98%
• Above 98%
• Cigarette Filters
• Coating Materials
• Flavors & Fragrances
• Other Applications
End Users Covered:
• Cellulose Acetate
• Food & Beverages
• Laundry & Cleaning
• Medical & Pharmaceuticals
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Acetic Anhydride Market, By Grade
5.2 Reagent Grade
5.3 Food Grade
5.4 Other Grades
6 Global Acetic Anhydride Market, By Purity
6.2 98% and Below 98%
6.3 Above 98%
7 Global Acetic Anhydride Market, By Application
7.2 Cigarette Filters
7.3 Coating Materials
7.6 Flavors & Fragrances
7.11 Other Applications
8 Global Acetic Anhydride Market, By End User
8.4 Cellulose Acetate
8.5 Food & Beverages
8.6 Laundry & Cleaning
8.7 Medical & Pharmaceuticals
8.10 Other End Users
9 Global Acetic Anhydride Market, By Geography
9.2 North America
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 BASF SE
11.2 BP PLC
11.3 Celanese Corporation
11.4 China National Petroleum Corporation
11.5 Daicel Corporation
11.7 Eastman Chemical Company
11.8 Honeywell International Inc.
11.9 Jiangsu Danhua Group Pvt Ltd
11.10 Jubilant Life Sciences Ltd.
11.11 Kunshan Yalong Co. Ltd
11.12 Lonza Group Ltd.
11.13 Luna Chemical Industries Pvt Ltd
11.14 PetroChina Ltd
11.16 Sahara International Petrochemical Company
11.17 Sasol limited
11.18 Saudi International Petrochemical Company (Sipchem)
11.19 Sigma Aldrich
11.20 Taj Pharmaceuticals Ltd
11.21 Thermo Fisher Scientific Inc.
List of Tables
1 Global Acetic Anhydride Market Outlook, By Region (2020-2028) ($MN)
2 Global Acetic Anhydride Market Outlook, By Grade (2020-2028) ($MN)
3 Global Acetic Anhydride Market Outlook, By Reagent Grade (2020-2028) ($MN)
4 Global Acetic Anhydride Market Outlook, By Food Grade (2020-2028) ($MN)
5 Global Acetic Anhydride Market Outlook, By Other Grades (2020-2028) ($MN)
6 Global Acetic Anhydride Market Outlook, By Purity (2020-2028) ($MN)
7 Global Acetic Anhydride Market Outlook, By 98% and Below 98% (2020-2028) ($MN)
8 Global Acetic Anhydride Market Outlook, By Above 98% (2020-2028) ($MN)
9 Global Acetic Anhydride Market Outlook, By Application (2020-2028) ($MN)
10 Global Acetic Anhydride Market Outlook, By Cigarette Filters (2020-2028) ($MN)
11 Global Acetic Anhydride Market Outlook, By Coating Materials (2020-2028) ($MN)
12 Global Acetic Anhydride Market Outlook, By Dyes (2020-2028) ($MN)
13 Global Acetic Anhydride Market Outlook, By Explosives (2020-2028) ($MN)
14 Global Acetic Anhydride Market Outlook, By Flavors & Fragrances (2020-2028) ($MN)
15 Global Acetic Anhydride Market Outlook, By Pesticides (2020-2028) ($MN)
16 Global Acetic Anhydride Market Outlook, By Plasticizers (2020-2028) ($MN)
17 Global Acetic Anhydride Market Outlook, By Reagents (2020-2028) ($MN)
18 Global Acetic Anhydride Market Outlook, By Synthesizers (2020-2028) ($MN)
19 Global Acetic Anhydride Market Outlook, By Other Applications (2020-2028) ($MN)
20 Global Acetic Anhydride Market Outlook, By End User (2020-2028) ($MN)
21 Global Acetic Anhydride Market Outlook, By Tobacco (2020-2028) ($MN)
22 Global Acetic Anhydride Market Outlook, By Agrochemicals (2020-2028) ($MN)
23 Global Acetic Anhydride Market Outlook, By Cellulose Acetate (2020-2028) ($MN)
24 Global Acetic Anhydride Market Outlook, By Food & Beverages (2020-2028) ($MN)
25 Global Acetic Anhydride Market Outlook, By Laundry & Cleaning (2020-2028) ($MN)
26 Global Acetic Anhydride Market Outlook, By Medical & Pharmaceuticals (2020-2028) ($MN)
27 Global Acetic Anhydride Market Outlook, By Tetraacetylethylenediamine (2020-2028) ($MN)
28 Global Acetic Anhydride Market Outlook, By Textiles (2020-2028) ($MN)
29 Global Acetic Anhydride Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.
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