Global Acetic Anhydride Market Outlook to 2026

Acetic anhydride is majorly produced by carbonylation of acetate, by the reaction of ketene with acetic acid. Acetic anhydride is majorly consumed to produce cellulose acetates, which produce cigarette filters, filament yarns, and plastics. Acetic anhydride also has applications in various end-user industries such as agrochemicals, aromatics, beverages, and pharmaceuticals.

According to BlueQuark Research & Consulting, the global acetic anhydride market is expected to witness a significant growth rate during the forecast period. The acetic anhydride market is mainly driven by massive demand from the cigarette tow market. Acetic anhydride is also used in fragrances & flavors, dyes, and the textile industry. However, environmental regulations, coupled with the declining usage of acetic anhydride in cellulose acetate for domestic consumption, can significantly impact the market.

In terms of regional segmentation, the Asia Pacific region is anticipated to be the fastest-growing market due to increasing demand from end-user industries such as textiles, pharmaceuticals, and polymers. The demand for acetic anhydride is enormous from countries such as Japan, China, and India. North America is the leading market segment in terms of demand. This is due to the huge demand from the cellulose acetate market and the pharmaceutical industry. However, the North American region is declining due to strict environmental regulations.

In terms of End-user industry segmentation, the Pharmaceutical industry is the fastest-growing market. Acetic Anhydride is a key material required to produce chemicals such as aspirin, sulfa-drugs, sulfonamides, and paracetamol. The increase in the consumption of these drugs has also benefited the acetic anhydride market.

The market for acetic anhydride is partially fragmented. Major players in the acetic anhydride market were SABIC, BASF SE, DuPont, Honeywell, Eastman Chemical Company, Jubilant Life Sciences, and Sasol Limited, among others.

On January 1, 2021, INEOS completed the acquisition of BP’s global Aromatics & Acetyls business. This acquisition consists of 15 sites across the world (5 in the Americas, 2 in Europe and 8 in Asia) along with 10 leading joint ventures (JVs). The acquisition was made for USD 5 billion.

Global Acetic Anhydride Market report provides deep insight into the Acetic Anhydride Market's current and future state across various regions. The study comprehensively analyzes the Acetic Anhydride Market by segmenting based on Application (Coating Materials, Explosives, Plasticizers, Synthesizers, Other Applications), End-user Industry (Tobacco Industry, Pharmaceutical Industry, Laundry & Cleaning Industry, Agrochemical Industry, Textile Industry, and Others), and Geography (North America, Asia-Pacific, South America, Europe and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies' profiles, including their market shares and projects.