Acetic Anhydride Market Size, Share, Opportunities, And Trends By Application (Synthesizer, Coating Material, Plasticizer, Coating Material, Others), By End-User Industry (Tobacco, Agrochemical, Textiles, Laundry & Cleaning, Pharmaceutical), And By Geography - Forecasts From 2023 To 2028

Acetic anhydride is an essential organic compound that is widely used in various applications. One of its primary uses is in the production of cellulose acetate, which is a crucial material in the production of photographic film, textiles, and cigarette filters. Cellulose acetate is also used in the manufacturing of eyeglass frames, safety glasses, and other optical products. Besides cellulose acetate, acetic anhydride is also used in the production of aspirin, which is one of the most commonly used pain relievers worldwide. It is also used in the production of dyes and fragrances, where it serves as a key intermediate. The global acetic anhydride market is expected to grow in the forecast period due to increasing demand from the end-use industries and the growing demand for acetic anhydride in emerging economies. 

Key Drivers:

• Increasing demand from end-use industries

The major end-use industries for acetic anhydride include textiles, pharmaceuticals, and food & beverages. The growth of these industries is driving the demand for acetic anhydride. In the textile industry, acetic anhydride is used in the production of cellulose acetate fibers, which are used to make textiles, cigarette filters, and photographic film. The increasing demand for cellulose acetate fibers is expected to drive the growth of the acetic anhydride market. Acetic anhydride is a key ingredient in the production of a wide range of pharmaceuticals, including aspirin, paracetamol, and other analgesics. Acetic anhydride is an important intermediate in the synthesis of many pharmaceutical compounds due to its ability to acetylate various functional groups, which is a critical step in the synthesis of many drugs. The increasing demand for pharmaceuticals is expected to drive the growth of the acetic anhydride market.

• Adoption of sustainable and eco-friendly materials

Acetic anhydride is used as a key ingredient in the production of cellulose acetate, a type of bio-based plastic that is considered sustainable and eco-friendly due to its biodegradability. This material is widely used in the textile and packaging industries due to its desirable properties, including its ability to be molded into various shapes and its high resistance to chemicals and water. With increasing environmental concerns and the need for sustainable alternatives, the demand for cellulose acetate and other bio-based plastics is expected to rise, thereby driving the demand for acetic anhydride as a key ingredient in their production.

Key Developments:

• In March 2022, Eastman Chemical Company announced the acquisition of INACSA, a Spanish manufacturer of acetic anhydride. This acquisition is expected to strengthen Eastman's position in the acetic anhydride market.
• In January 2022, Celanese Corporation announced plans to increase its acetic anhydride production capacity in the US. This expansion is expected to meet the growing demand for acetic anhydride in the region.
• In October 2021, Jubilant Life Sciences Limited announced the launch of a new acetic anhydride manufacturing facility in India. This facility is expected to meet the growing demand for acetic anhydride in the region.

Asia Pacific to show the highest growth

The Asia-Pacific region is expected to witness the highest growth in the acetic anhydride market in the forecast period. This is primarily attributed to the presence of a large number of manufacturers of acetic anhydride and its derivatives in the region. The demand for cellulose acetate, a key material in the production of photographic film, textiles, and cigarette filters, is on the rise in the region, which is further fueling the growth of the acetic anhydride market. In addition, the increasing demand for pharmaceuticals and agrochemicals in the region is expected to drive the growth of the acetic anhydride market.

Acetic Anhydride Market Scope:

Segmentation

• BY APPLICATION
  • Synthesizer
  • Coating Material
  • Plasticizer
  • Coating material
  • Others
• BY END-USE INDUSTRY
  • Tobacco
  • Agrochemical
  • Textiles
  • Laundry & Cleaning
  • Pharmaceutical
• BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East And Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others