The global market for Acetic Anhydride is estimated at 3.3 Million Tons in 2023 and is projected to reach 4.7 Million Tons by 2030, growing at a CAGR of 5.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the acetic anhydride market is driven by several factors, creating a promising outlook for the future. The increasing pharmaceutical applications, especially in aspirin and other drug production, significantly boost demand. The agrochemical sector's growth, driven by the need for effective pesticides and herbicides, also propels market expansion. Furthermore, the shift towards sustainable and bio-based chemicals is generating new opportunities, as consumers and industries alike prioritize eco-friendly solutions. Technological advancements in production processes enhance efficiency and cost-effectiveness, encouraging broader adoption.
The expanding textile industry, particularly in developing regions, is another critical driver, with cellulose acetate playing a pivotal role. Strategic collaborations and investments in renewable chemical production are further strengthening the market's position. Collectively, these factors underscore the robust growth trajectory of the acetic anhydride market, highlighting its vital role across diverse industries.
The growth in the acetic anhydride market is driven by several factors, creating a promising outlook for the future. The increasing pharmaceutical applications, especially in aspirin and other drug production, significantly boost demand. The agrochemical sector's growth, driven by the need for effective pesticides and herbicides, also propels market expansion. Furthermore, the shift towards sustainable and bio-based chemicals is generating new opportunities, as consumers and industries alike prioritize eco-friendly solutions. Technological advancements in production processes enhance efficiency and cost-effectiveness, encouraging broader adoption.
The expanding textile industry, particularly in developing regions, is another critical driver, with cellulose acetate playing a pivotal role. Strategic collaborations and investments in renewable chemical production are further strengthening the market's position. Collectively, these factors underscore the robust growth trajectory of the acetic anhydride market, highlighting its vital role across diverse industries.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Cellulose Acetate End-Use segment, which is expected to reach 2.6 Million Tons by 2030 with a CAGR of a 4.7%. The Pharmaceuticals End-Use segment is also set to grow at 6.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at 873.8 Thousand Tons in 2023, and China, forecasted to grow at an impressive 7.8% CAGR to reach 1.1 Million Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Acetic Anhydride Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acetic Anhydride Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Acetic Anhydride Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BASF SE, BP Acetyls Europe, Celanese Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 26 Featured):
- BASF SE
- BP Acetyls Europe
- Celanese Corporation
- Daicel Corporation
- Eastman Chemical Company
- Jiangsu Danhua Group Co., Ltd.
- Jubilant Life Sciences Ltd.
- Kunshan YaLong Trading Co., Ltd
- Luna Chemical Industries Pvt. Ltd.
- MilliporeSigma
- Sasol Ltd.
- Sipchem
- Taj Pharmaceuticals Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned
- BASF SE
- BP Acetyls Europe
- Celanese Corporation
- Daicel Corporation
- Eastman Chemical Company
- Jiangsu Danhua Group Co., Ltd.
- Jubilant Life Sciences Ltd.
- Kunshan YaLong Trading Co., Ltd
- Luna Chemical Industries Pvt. Ltd.
- MilliporeSigma
- Sasol Ltd.
- Sipchem
- Taj Pharmaceuticals Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 3.3 Million Tons |
| Forecasted Market Value by 2030 | 4.7 Million Tons |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
