Acetic Anhydride - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

The Acetic Anhydride Market size is estimated at 2.28 Million tons in 2024, and is expected to reach 2.87 Million tons by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).

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.

Key Highlights

• 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.

Acetic Anhydride 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.

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.

Acetic Anhydride Industry Overview

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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