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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1186607

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PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1186607

Acetic Anhydride Market: Current Analysis and Forecast (2022-2028)

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The global acetic anhydride market is expected to grow at a significant rate of around 6% during the forecast period. Acetic anhydride is an organic compound that is composed of carbons, hydrogens, and oxygens. Acetic anhydride is commonly used as a reagent in the synthesis of various organic compounds. It is also used as an ingredient in many pharmaceutical products that consumers use, like acetylsalicylic acid (aspirin), acetylcholine hydrochloride, sulfonamides, cortisone, acetanilide, theophylline, sulfa drugs, certain vitamins, hormones, and many other pharmaceuticals. Moreover, a major benefit of using acetic anhydride is its acetylation ability of cellulose properties which is needed to produce acetate fibers, plastics, coatings, and films. It is especially valuable for the direct esterification of alcohol where acetic acid cannot be used. The growing demand for these products will propel the growth of the acetic anhydride market. For instance, according to the American Journal of Health-System Pharmacy, overall prescription drug spending rose by 4-6% in 2019 in the U.S.

BASF SE, Jiangsu Danhua Group Co. Ltd., Jubilant Life Sciences, SABIC, Celanese Corporation, Sasol Limited, Eastman Chemical Company, PetroChina Ltd., DuPont, and Merck KGaA are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst application, pesticides & synthesizer category to witness robust CAGR during the forecast period"

Based on application, the market is segmented into cigarette filters, coating materials, dyes, flavors and fragrance, pesticides & synthesizer, and others. The pesticides & synthesizer category is to witness the fastest growth during the forecast period owing to the extensive use of chemicals in large quantities for the production of cellulose acetate. Due to its increasing use in end-use industries like automotive and plastics, the demand for cellulose acetate is on the rise.

Acetic anhydride is also utilized in dyes, fragrances & flavors, and the textile industry. Also, acetic anhydride is predominantly used in artificial sweeteners, pharmaceuticals, resins, polymers, coatings, modified starches, and the pesticides market. These factors have positively anticipated propelling the growth of the global acetic anhydride market.

"Amongst end-user, the pharmaceuticals to hold a significant share in the market in 2020"

On the basis of end-user, the market is categorized into pharmaceuticals, textiles, agrochemicals, food & beverages, and others. Among these, pharmaceuticals to hold a significant share of the market in 2020. This is mainly due to its extensively used in the production of numerous drugs such as aspirin and paracetamol. As these drugs are some of the most popular drugs, the growing health issues such as aches, vomiting, fever, etc. are increasing their use, which energizes the growth of the acetic anhydride industry. For Instance, according to the National Institute of Health, in 2022, the government of the US spent USD 689 million in 2020 and USD 725 million in 2021 for research on chronic pain. Since, paracetamol is largely used as a pain killer, increasing research on chronic pain is expected to boost the growth of the market.

"APAC to hold a significant share in the market"

For a better understanding of the market adoption of the acetic anhydride market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rising demand for acetic anhydride as a raw material in the region augmenting the market growth. Additionally, India and China's expanding textile, agrochemical, and food and beverage industries are expected to significantly expand the region's market during the forecast period. It is anticipated that the demand for acetic anhydride will rise as a result of the improved pharmaceutical industry and increased demand for medicines in developing nations. For instance, as per the India Brand Equity Foundation (IBEF), the Indian pharmaceutical sector supplies over 50% of the global demand for various vaccines, 40% of the generic demand in the US, and 25% of all medicine in the UK. The domestic pharmaceutical industry includes a network of 3,000 drug companies and ~10,500 manufacturing units. In addition, there are a lot of people with diabetes, cardiovascular disease, and other conditions that are caused by the aging population.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

The global Acetic Anhydride Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Product Code: UMME211418

TABLE OF CONTENTS

1 MARKET INTRODUCTION

  • 1.1. Market Definitions
  • 1.2. Main Objective
  • 1.3. Stakeholders
  • 1.4. Limitation

2 RESEARCH METHODOLOGY OR ASSUMPTION

  • 2.1. Research Process of the Acetic Anhydride Market
  • 2.2. Research Methodology of the Acetic Anhydride Market
  • 2.3. Respondent Profile

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE ACETIC ANHYDRIDE MARKET

6 ACETIC ANHYDRIDE MARKET REVENUE, 2020-2028F

7 MARKET INSIGHTS BY APPLICATION

  • 7.1. Cigarette Filters
  • 7.2. Coating Materials
  • 7.3. Dyes
  • 7.4. Flavours & Fragrance
  • 7.5. Pesticides & Synthesizer
  • 7.6. Others

8 MARKET INSIGHTS BY END-USER

  • 8.1. Pharmaceuticals
  • 8.2. Textiles
  • 8.3. Agrochemicals
  • 8.4. Food & Beverages
  • 8.5. Others

9 MARKET INSIGHTS BY REGION

  • 9.1. North America
    • 9.1.1. U.S.
    • 9.1.2. Canada
    • 9.1.3. Rest of North America
  • 9.2. Europe
    • 9.2.1. Germany
    • 9.2.2. U.K.
    • 9.2.3. France
    • 9.2.4. Italy
    • 9.2.5. Spain
    • 9.2.6. Rest of Europe
  • 9.3. Asia-Pacific
    • 9.3.1. China
    • 9.3.2. Japan
    • 9.3.3. India
    • 9.3.4. Rest of Asia-Pacific
  • 9.4. Rest of World

10 ACETIC ANHYDRIDE MARKET DYNAMICS

  • 10.1. Market Drivers
  • 10.2. Market Challenges
  • 10.3. Impact Analysis

11 ACETIC ANHYDRIDE MARKET OPPORTUNITIES

12 ACETIC ANHYDRIDE MARKET TRENDS

13 DEMAND AND SUPPLY-SIDE ANALYSIS

  • 13.1. Demand Side Analysis
  • 13.2. Supply Side Analysis

14 VALUE CHAIN ANALYSIS

15 COMPETITIVE SCENARIO

  • 15.1. Competitive Landscape
    • 15.1.1. Porters Five Forces Analysis

16 COMPANY PROFILED

  • 16.1. BASF SE
  • 16.2. Jiangsu Danhua Group Co. Ltd.
  • 16.3. Jubilant Life Sciences
  • 16.4. SABIC
  • 16.5. Celanese Corporation
  • 16.6. Sasol Limited
  • 16.7. Eastman Chemical Company
  • 16.8. PetroChina Ltd.
  • 16.9. DuPont
  • 16.10. Merck KGaA

17 DISCLAIMER

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