Acetic Anhydride Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3532
Acetic Anhydride Market size is anticipated to increase substantially in the coming years owing to its wide utilization in tobacco, pharmaceutical, nutraceutical and coatings industry. It is a colourless and transparent liquid which is used in chemical laboratories as a reagent in synthetic compounds manufacturing. This product is manufactured using recovered acetic acid from cellulose acetate operations for synthesis of different compounds.
Global pharmaceutical industry is poised to surpass USD 1 trillion by 2025 owing to rising expenditure on research to develop novel drugs supported by increasing prevalence of general health ailments may fuel the acetic anhydride market demand. Acetic anhydride is utilized in medicinal formulations including acetyl-p-aminophenol, acetophenacetin, acetylsalicylic acid (aspirins) and paracetamol, which is likely to propel anhydride industry growth.
This product is utilized in acetate fibres synthesis which act as a major component in cigarette filter manufacturing. Acetate fibres are used in tar filtering due to its ability to set a wavy band like configuration in these filters known as crimps. These crimps accumulate toxic dust along with absorbing vapours, thus stimulating the acetic anhydride market share.
Global textile market size is may exceed USD 1.2 trillion by 2025 owing to high investments in textile production supported by shifting apparel trends towards durable and protective textile will fuel product demand. This product is used in textile industry as it helps in regulating cloth fibres pH levels which shield garments from getting pale and dull. It is also used as a disinfectant in textile industry to remove microbial agents which can cause inflammation and ailments thus propelling acetic anhydride market revenue.
Global frozen food market is estimated to surpass USD 280 billion by 2023 owing to easy availability through effective distribution channel will favour industry growth. This chemical is utilized as a starch modifier in frozen food processing which benefits these edibles by maintaining food stability against heat and mild acids thereby shielding food product from getting oxidized. It also helps in protecting edibles from bacteria and contaminants thereby increasing inventory time thus, stimulating acetic anhydride market growth.
This product is utilized as a dispersing agent and a chemical stabilizer in photographic films production which improves ion-ion interaction. It also shields films from heat and thermal degradation thus making it inflammable which may fuel acetic anhydride market share in foreseeable timeframe.
Expanding agriculture sector owing to favourable agro-climatic conditions may fuel product demand. This product is utilized in acephate synthesis which is a pesticide utilized in seed treatments along with crop protection from insect and microbes which may foster acetic anhydride market size in forecasted timeframe.
Direct exposure or skin contact to this product can lead to medical ailments with low to chronic disorders. Exposure for shorter periods to this product cause skin irritation and dermatological disorders including bleeding from skin. Exposure for longer periods can cause respiratory infections along with accumulation of toxic fluid in lungs causing severe breathing problems which may hamper acetic anhydride market growth.
North America, led by U.S., Canada and Mexico acetic anhydride market size is projected to stimulate due to sedentary and deskbound lifestyle of people which has surged cases of general medical ailments like headache, fever, nausea and muscular pain. This product has its usage in drug formulations and sedatives including aspirin and paracetamol owing to its anti-inflammatory properties which helps human body to recover from these ailments thus propelling the market value.
Europe driven by UK, Spain, Italy, France and Germany acetic anhydride market revenue is projected to amplify, owing to increasing count of branded clothing outlets including Gucci, Prada, Dolce & Gabbana and Diesel. This product is utilized in garments manufacturing due to its property of maintaining pH levels which shield clothes from getting dull which may fuel market size by 2025.
Asia Pacific market led by Australia, South Korea, Japan, India and China acetic anhydride market may fuel owing to supportive government initiatives and subsidies provided on agrochemical products should promote agricultural activities to ensure high product yield. This product is utilized in pesticide and insecticide manufacturing as it shields crops from getting infected from contaminants and bacteria which may fuel market growth by 2025.
Global acetic anhydride market share is moderately fragmented with major players includes BASF SE, Eastman Chemical Company, DuPont, Celanese Corporation, PetroChina Ltd, Daicel Corporation, Luna Chemical Industries Pvt Ltd and Jubilant Life Sciences. The chemical corporations are more focussed on expansion in North America, Europe and Asia Pacific regions due to growing product applications in agriculture and pharmaceutical industry which may stimulate the market size.
By Application, 2014-2025 (Kilo Tons) (USD Million)
- Coating Material
By End-use, 2014-2025 (Kilo Tons) (USD Million)
- Tobacco Industry
- Pharmaceutical industry
- Agrochemical industry
- Food & Beverage industry
- Textile industry
- Paints and Coatings
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa
- BASF SE
- Eastman Chemical Company
- Celanese Corporation
- PetroChina Ltd
- Jubilant Life Sciences
- Luna Chemical Industries Pvt Ltd
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