| Market Overview
The global acetic anhydride market size reached USD 3.9 Billion in 2024 and is expected to grow to USD 4.9 Billion by 2033, exhibiting a CAGR of 2.45% during the forecast period 2025-2033. The market's growth is driven by the increasing focus on synthesizing drugs and pharmaceutical intermediates, rising demand for processed food products due to urbanization, and a thriving chemical sector. For detailed insights, see the Acetic Anhydride Market. Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033 Acetic Anhydride Market Key Takeaways - Current Market Size: USD 3.9 Billion in 2024
- CAGR: 2.45%
- Forecast Period: 2025-2033
- The market is witnessing steady growth due to increasing adoption of premium quality textiles and advancements in chemical manufacturing processes.
- North America leads the market driven by major pharmaceutical companies, while China is emerging as a fast-growing market.
- Cellulose acetate accounts for the majority of the market share among end-uses.
- Key industry drivers include the extensive use of acetic anhydride in cellulose acetate, aspirin, perfumes, and wood preservatives production.
- Growing consumption of processed and ready-to-eat food products supports market expansion.
- Challenges include environmental regulations, but opportunities arise from developing bio-based acetic anhydride.
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The global acetic anhydride market growth is driven by the increasing focus on synthesizing numerous drugs and pharmaceutical intermediates. Acetic anhydride is a crucial raw material for manufacturing aspirin, acetaminophen, and other pharmaceuticals. According to Statista, pharmaceutical revenues worldwide totaled US$1.48 trillion in 2022. The rising prevalence of heart diseases and the growing geriatric population, projected to increase from 10% in 2022 to 16% in 2050 per the United Nations, are further catalyzing demand for acetic anhydride in pharmaceutical medication production. The food and beverage sector fosters steady demand for acetic anhydride due to rapid urbanization and adoption of processed and ready-to-eat food products. Statistics Times states that 4.46 billion people lived in urban areas globally in 2021, with projections to reach 6.68 billion by 2050. Acetic anhydride is used to produce modified starches enhancing stability against heat and acids, acting as a fermentation and flavoring agent, and extending shelf life. Rising global population numbers, recorded at 7.95 billion in 2022 by the World Bank, push demand for processed foods, benefiting the market. The thriving global chemical sector also propels the market, with total industry revenue exceeding US$5.72 trillion in 2022, according to Statista. Acetic anhydride is used industrially to synthesize acetate monomers, esters, and salts. It acts as a catalyst in producing geraniol, citral, and citric acid. The increasing consumption of chemical products worldwide sustains market growth. Market Segmentation Breakup by End-Use: - Cellulose Acetate
- Pharmaceuticals
- Tetraacetylethylenediamine
- Others
Cellulose Acetate:
Cellulose acetate is a biomass material produced by chemically modifying hydroxyl groups with acetic acids from nonedible plant parts like wood fibers and cotton. It has antimicrobial properties against Staphylococcus aureus and Escherichia coli, enhanced water solubility, biodegradability, and versatility in molding and extrusion. It is low in electrical conductivity, UV-resistant, and used in eyeglass frames and textiles such as clothing and upholstery due to comfort and softness. Pharmaceuticals:
Acetic anhydride is extensively used in drug synthesis, being a key raw material for medicines like aspirin and acetaminophen. Growing incidences of diseases and an expanding geriatric population drive this segment. Tetraacetylethylenediamine:
Used in manufacturing TAED, an important bleaching activator predominantly used in detergents and cleaning products. Others:
This segment covers other end-uses not specified explicitly in the report. Breakup by Region: - China
- North America
- Western Europe
- North East Asia
- South East Asia
- Middle East & Africa
- Eastern Europe
Regional Insights
North America dominates the acetic anhydride market, driven by the presence of major pharmaceutical companies and widespread use in drug synthesis. The region also benefits from the use of cellulose acetate as a common material for cigarette filters. In 2022, pharmaceutical spending in the United States reached approximately US$574 billion. Approximately 11.5% of U.S. adults smoke cigarettes (about 28.3 million adults as of 2021), supporting demand for related derivatives. North America's leadership stems from these factors, defining it as the largest regional market. Recent Developments & News - On 28 April 2022, Jubilant Ingrevia commissioned a new green ethanol-based food-grade acetic acid plant in Gajraula, Uttar Pradesh, with a rated capacity of 25,000 tons per annum. The plant meets certifications including FSSAI, ISO 22000, Kosher, Halal, and FCC Codex, targeting growing food preservative demand.
- On 15 February 2024, Celanese Corporation was approved by the U.S. Department of Energy as a Utilization Procurement Grants (UPGrants) vendor, offering low carbon acetic acid under the ECO-CC product name to support sustainable solutions.
- On 1 January 2021, INEOS completed the acquisition of BP’s global aromatics and acetyls business, adding 15 sites worldwide including 9 sites producing acetic acid and derivatives used in multiple industries.
Key Players - Celanese
- BP Chemicals
- Eastman Chemical Company
- BASF
- Jubilant Life Sciences
- DuPont
- SABIC
- PetroChina Ltd.
- Sasol Limited
- Daicel
- Sipchem
- Rhodia
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