PUBLISHER: Value Market Research | PRODUCT CODE: 1578313
PUBLISHER: Value Market Research | PRODUCT CODE: 1578313
The global demand for Acetic Anhydride Market is presumed to reach the market size of nearly USD 4.44 Billion by 2032 from USD 2.89 Billion in 2023 with a CAGR of 4.87% under the study period 2024-2032.
Acetic anhydride is a major reagent in the organic synthesis of variety of chemicals. It is mainly utilized in the manufacturing process of products including cellulose acetate, aspirin, artificial sweeteners, resins & polymers, explosives, agrochemicals, perfumes, coating materials and others. Cellulose acetate, manufactured from acetic anhydride is used in the production of cigarette filters, filament yarns, plastic goods and textile fibers. Moreover, acetic anhydride is the major raw material required in the production of medicines including sulfa drugs, acetyl-p-aminophenol, certain vitamins and hormones, acetanilide, cortisone, acetylcholine hydrochloride, theophylline, sulfonamides and paracetamol.
Tremendous growth in the occurrence of number of health issues such as cough, cold, fever, nausea, body pain and others led to the increase in demand for drugs including paracetamol and aspirin. Acetic anhydride is the major raw material for the production of these drugs and this increases its demand which further leads to the market growth. Furthermore, a dramatic growth is being witnessed in the pharmaceutical sector for the past few years. Therefore, the growth in the pharmaceutical industry is expected to drive the demand for acetic anhydride market. Moreover, cellulose acetate, the major application of acetic anhydride, is used in the production of cigarettes, the consumption of which has been escalating in the past few years. According to the research study by Centre for Disease Control and Prevention, it is reported that 34.3 million adults in the United States are habitual smokers. Hence, rising cigarette demand increases the cellulose acetate consumption, further leading to the acetic anhydride market development. Additionally, acetic anhydride is also used in the production of tetraacetylethylenediamine (TAED), which is utilized as a bleach activator in laundry detergents. However, shifting of populace towards e-cigarettes and nicotine gums owing to the health issues caused by traditional cigarettes reduces the usage of cellulose acetate- thereby inhibiting the acetic anhydride market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Acetic Anhydride. The growth and trends of Acetic Anhydride industry provide a holistic approach to this study.
This section of the Acetic Anhydride market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Global Acetic Anhydride Market Report market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Acetic Anhydride market include Jubilant Ingrevia Ltd., Luna Chemical Industries Pvt. Ltd., Daicel Corporation, PetroChina Company Limited, Celanese Corporation, DuPont, Eastman Chemical Company, INEOS. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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