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Global Acetic Anhydride Market Demand & Forecast Analysis, 2016-2032

Acetic Anhydride Market

The global Acetic Anhydride Market Size is projected to grow from USD 3 billion in 2022 to USD 4.7 billion by 2032, registering a CAGR of 4.5%. Acetic anhydride is a simple isolable anhydride with pungent odour. Acetic anhydride is produced through the ketene route where acetic acid is dehydrated to form ketone which is further reacted with another molecule of acetic acid to give acetic anhydride. It is an anhydride of carboxylic acid which is produced by carbonylation of methyl acetate or recovered from acetic acid. 

Acetic anhydride is mainly used in production of cellulose acetate which is further used in filter tow for cigarettes. Acetic anhydride is the fifth largest consumer of acetic acid accounting for around 6% of the total acetic acid consumption in 2022. There has been a decline in demand for acetic anhydride in the last couple of years owing to decline in cellulose acetate flake which are used as filter tow applications. This decline especially in the developed economies is due to an increased ban and strict policies on smoking while an increase in awareness on smoking in developing countries like India and a small shift in preference for e-cigarettes.

Acetic Anhydride Capacity Overview

In terms of Acetic Anhydride capacity, Asia Pacific has emerged as the predominant market, contributing to more than 50% of the total capacity. North America holds the second position, with installed Acetic Anhydride capacity of around 700 kilo tons. Within this region, Eastman operates a facility of 600 kilo tons in Kingston, USA, while Celanese operates a capacity of 95 kilo tons in Cangrejera, Mexico. In Western Europe, the INEOS stands as the sole producer, operating a 200 kilo tons plant in Hull City, United Kingdom.

Asia Pacific commands a majority share, exceeding 50% of the global capacity which translates to around 960 kilo tons. Notably, China leads the region with an installed capacity of 430 kilo tons, closely followed by Singapore with 365 kilo tons, where Celanese is the sole producer. India ranks third in the APAC region, boasting a total Acetic Anhydride capacity of 168 kilo tons, with two key players in the market, namely Jubilant and IOL. Jubilant has recently disclosed plans to augment its existing plant by 60 kilo tons, reaching a total of 210 kilo tons by 2023. India is poised to play a pivotal role in the regional and global Acetic Anhydride market, especially with Reliance Industries seeking environmental clearance for a substantial acetic acid supply chain in Jamnagar, which includes the installation of a 750 kilo tons Acetic Anhydride plant.
Global Acetic Anhydride Demand-Supply Analysis (2016-2032)
Global Acetic Anhydride Demand-Supply Analysis (2016-2032) 
Source: Secondary & Primary Research and Prismane Consulting Estimates

Acetic Anhydride Demand Overview

In 2022, the global Acetic Anhydride demand was estimated to be around 2070 kilo tons. Asia Pacific holds the largest share accounting for more around 50% of the global Acetic Anhydride demand. North America is the second largest consumer of Acetic Anhydride with share of 32%, translating to around 490 kilo tons in 2022. Consumption in Western Europe, Central & Eastern Europe, Central & South America and Middle East & Africa collectively consumed around 20% of the global acetic anhydride demand.

In terms of end-use applications, cellulose acetate flakes account for the largest market share estimated to be more than 60% of the total Acetic Anhydride market in 2022. Acetic anhydride demand for acetate flakes is driven by increased consumption in the Asia-Pacific and Central & South America region. The other important applications like pharmaceuticals, tetraacetylethylenediamine (TAED), polymer applications like liquid crystal polymers (LCP’s), polytetramethylene ether glycol (PTMEG), polyacetals, flavours & fragrances and others account for a combined share of around 40% of the total acetic anhydride consumption.
Global Acetic Anhydride Demand Analysis, By region - 2022
 Global Acetic Anhydride Demand Analysis, By region - 2022
Source: Secondary & Primary Research and Prismane Consulting Estimates

Acetic Anhydride Trade Analysis

Approximately 25% of Acetic Anhydride produced globally is engaged in international trade, with a significant export originating from the North America region. North America has consistently maintained a positive trade balance for acetic anhydride, boasting an average net export volume of 99 kilo tons. North America is projected to remain a net exporter of acetic anhydride in the forecast. In the forecast period, Asia Pacific is anticipated to be net exporter due to new capacity additions in the region. Middle East & Africa is a net exporter with SIPCHEM’s operating a 50 kilo tons plant at Al-Jubail, Saudi Arabia.
Global Acetic Anhydride Net Trade by Region

Recent Developments in Acetic Anhydride Market

Jubilant Ingrevia has officially inaugurated its latest state-of-the-art Acetic Anhydride plant, situated at its manufacturing complex in Bharuch, Gujarat,. With the addition of this facility, the company augments its annual Acetic Anhydride production capacity by approximately 60 kilo tons,. With this expanded capability, Jubilant Ingrevia is strategically positioning itself to strengthen its presence in diverse global markets and achieve a leadership position in the international merchant markets. Additionally, within the domestic market, this development reinforces Jubilant Ingrevia s position as a prominent market leader.

IOL Chemicals and Pharmaceuticals Limited has initiated operations at its Acetic Anhydride plant, effective in June, 2023. This facility is designated for both Captive Consumption and Merchant Sale purposes. The plant boasts a production capacity of 25 kilo tons.

Farmson Pharmaceuticals Gujarat plans to build a bulk drugs and intermediates manufacturing unit in, Vadodara district, Gujarat. The company is planning to construct a 43 kilo tons acetic anhydride plant and a 4.8 kilo tons paracetamol plant. The company is awaiting environmental clearance, and upon approval, it will proceed to select a contractor and machinery supplier. Construction is scheduled to commence in Q3/FY24, with a targeted completion date of May 2025.

Scope of Report 

The Acetic Anhydride report describes the global Acetic Anhydride market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Acetic Anhydride Market data in terms of volume and value for each end-use 
   at regional and country level
•  Acetic Anhydride Market analysis for Production, Capacity, and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population, and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2022
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Pharmaceutical
      •  Textile 
      •  Tobacco
      •  Others
5.  Plants & Projects Analysis
      •  Acetic Anhydride Production Capacity, by Company
      •  Acetic Anhydride Production Capacity, by Country and by region
      •  Capacity Overview
6.  Introduction to Acetic Anhydride and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Acetic Anhydride Demand-Supply Analysis, By Applications (Volume, Value) (2016–2032)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Acetic Anhydride Market, By Applications
          -  Cellulose Acetate
          -  Pharmaceuticals
          -  TAED
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Acetic Anhydride Market, By Applications
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Rest of CSA
      •  Middle East & Africa
         -  Saudi Arabia
         -  South Africa
         -  Rest of MEA
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
10.  Pricing Analysis
      •  Average Acetic Anhydride Prices, USD/Kg
      •  Average Acetic Anhydride prices, by Country 
      •  Average Acetic Anhydride prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
      •  Acetic Anhydride Manufacturers Profiles/ Company Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             -  Celanese Corporation
             -  SIPCHEM
             -  IOL Chemicals and Pharmaceuticals Limited
             -  Jubilant Life Sciences Limited
             -  Eastman Chemical Company
             -  Danhua Chemical Technology
             -  Anhui Wanwei
             -  HualuHengsheng Chemical Industrial Park
             -  Wanglong Group Co., Ltd.
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 

The Acetic Anhydride report describes the global Acetic Anhydride market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Acetic Anhydride Market data in terms of volume and value for each end-use 
   at regional and country level
•  Acetic Anhydride Market analysis for Production, Capacity, and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population, and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

What is the Acetic Anhydride market size?
The global Acetic Anhydride Market Size is projected to grow from USD 3 billion in 2022 to USD 4.7 billion by 2032, registering a CAGR of 4.5%.
Which region dominates the global Acetic Anhydride Market?
Asia Pacific holds the largest share accounting for more around 50% of the global Acetic Anhydride demand. North America is the second largest consumer of Acetic Anhydride with share of 32%,
What is the current demand of Acetic Anhydride?
In 2022, the global Acetic Anhydride demand was estimated to be around 2070 kilo tons.