Global Acetic Anhydride Industry

Global Acetic Anhydride Industry

  • April 2021 •
  • 190 pages •
  • Report ID: 5898924 •
  • Format: PDF
Abstract:
- Global Acetic Anhydride Market to Reach 3.6 Million Tons by 2027
- Amid the COVID-19 crisis, the global market for Acetic Anhydride estimated at 2.8 Million Tons in the year 2020, is projected to reach a revised size of 3.6 Million Tons by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027. Cellulose Acetate, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach 2 Million Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pharmaceutical segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 759.1 Thousand Tons, While China is Forecast to Grow at 6.2% CAGR
- The Acetic Anhydride market in the U.S. is estimated at 759.1 Thousand Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 738.4 Thousand Tons by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.
- TAED Segment to Record 4% CAGR
- In the global TAED segment, USA, Canada, Japan, China and Europe will drive the 3.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of 169.6 Thousand Tons in the year 2020 will reach a projected size of 216.5 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 500 Thousand Tons by the year 2027, while Latin America will expand at a 4.8% CAGR through the analysis period.

- Select Competitors (Total 46 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.