Market Overview

The global acetic anhydride market size reached USD 3.9 Billion in 2024 and is projected to reach USD 4.9 Billion by 2033, with a CAGR of 2.45% during the 2025-2033 forecast period. Market growth is driven by rising demand for pharmaceutical intermediates, processed food products due to urbanization, and a growing chemical industry.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Years: 2025-2033

Acetic Anhydride Market Key Takeaways

• The global acetic anhydride market size was USD 3.9 Billion in 2024, with a CAGR of 2.45% forecasted during 2025-2033.
• Growth is driven by increasing focus on premium textiles and advancements in chemical manufacturing.
• Rising consumption of processed food products and a thriving chemical sector are key growth trends.
• North America leads the market due to the presence of major pharmaceutical companies.
• China is an emerging fast-growing market driven by rising chemical demand.
• Environmental regulations pose challenges, but bio-based acetic anhydride presents growth opportunities.

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Market Growth Factors

The growing emphasis on synthesizing a range of drugs and pharmaceutical intermediates is a key driver in the market. Acetic anhydride plays a crucial role in the production of aspirin, acetaminophen, and other medications that help alleviate pain, reduce inflammation, and lower the risk of heart attacks and strokes. In 2022, global pharmaceutical revenues reached a staggering US$ 1.48 trillion, which is only expected to rise, especially with the aging population projected to increase from 10% in 2022 to 16% by 2050.  

Additionally, the demand for food products is also propelling the market forward. Urbanization has led to a significant rise in the consumption of processed and ready-to-eat foods, with 4.46 billion people living in urban areas in 2021, a number that is anticipated to climb to 6.68 billion by 2050. Acetic anhydride is utilized to create modified starches that enhance stability and thickening in food, serves as a fermentation and flavoring agent, and helps extend shelf life, all of which support the food and beverage industry.  

Moreover, the booming global chemical sector, which generated over US$ 5.72 trillion in revenue in 2022, further drives demand. Acetic anhydride is essential for synthesizing acetate monomers, esters, and salts, and it acts as a catalyst in the production of geraniol, citral, and citric acid. Its reactive nature makes it indispensable for various chemical processes, contributing to consistent market growth.

Market Segmentation

Breakup by End-Use:

• Cellulose Acetate: Represents the largest segment; produced from nonedible plant parts; used extensively in textiles and eyeglass frames for its antimicrobial, biodegradable, and insulating properties.
• Pharmaceuticals: Utilized as a crucial raw material in synthesizing drugs like aspirin and acetaminophen.
• Tetraacetylethylenediamine
• Others

Breakup by Region:

• China
• North America: Dominant market owing to major pharmaceutical companies and significant usage in drug synthesis and cigarette filter production.
• Western Europe
• North East Asia
• South East Asia
• Middle East & Africa
• Eastern Europe

Regional Insights

North America leads the global acetic anhydride market, driven by a large presence of pharmaceutical companies and enhanced demand for drug synthesis. In 2022, total medicine expenditure in the U.S. was about US$ 574 billion. Additionally, cellulose acetate derived from acetic anhydride is a common material for cigarette filters, with 11.5% of U.S. adults smoking in 2021, further supporting market growth.

Recent Developments & News

• On 28 April 2022, Jubilant Ingrevia commissioned a new green ethanol-based food-grade acetic acid plant in Uttar Pradesh, India, with a capacity of 25,000 tons per annum, certified for various food safety standards.
• On 15 February 2024, Celanese Corporation was approved by the U.S. DOE as a Utilization Procurement Grants vendor, offering low carbon acetic acid under the ECO-CC product name.
• On 1 January 2021, INEOS completed acquisition of BP's global aromatics and acetyls business, including 15 sites worldwide, enhancing production and supply to food and beverage, pharmaceuticals, and other industries.
• On 9 May 2023, Celanese completed construction of a 1.3 million tons per year acetic acid plant in Texas, aiming to leverage low natural gas costs and enhance market competitiveness.

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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