The Latest Acetic Anhydride Industry Statistics Explained
The global acetic anhydride market reached a value of nearly USD 5.11 billion in 2020.
The statistic indicates that the worldwide market for acetic anhydride, a key chemical compound used in various industries such as pharmaceuticals, textiles, and food processing, generated revenues totaling approximately USD 5.11 billion in the year 2020. This figure reflects the significant demand for acetic anhydride in these sectors, driven by factors such as the growth of the pharmaceutical and textile industries, as well as increasing applications in food processing. The market value serves as a key indicator of the economic importance and scale of the acetic anhydride industry on a global scale, highlighting its role as a crucial component in the production and manufacturing processes of various goods and products.
The acetic anhydride market is projected to reach USD 6.9 billion by 2028.
The statistic that the acetic anhydride market is projected to reach USD 6.9 billion by 2028 indicates the anticipated total value of the market for this chemical compound by the specified year. This projection suggests a substantial growth in market size over the given timeframe, likely driven by factors such as increasing industrial applications, expanding end-user industries, and rising demand for acetic anhydride globally. The USD 6.9 billion figure serves as a marker for potential market opportunities and future revenue generation within the acetic anhydride industry, highlighting its significance and economic potential in the coming years.
The global annual growth rate of the acetic anhydride market is expected to be around 2.5% from 2021 to 2026.
The statistic indicates that the acetic anhydride market is projected to experience a steady growth rate of 2.5% annually from 2021 to 2026 on a global scale. This growth rate suggests a gradual increase in the demand for acetic anhydride, likely driven by factors such as expanding applications in various industries like pharmaceuticals, textiles, and food processing. The estimated growth rate provides valuable insights for businesses and investors operating in the market, highlighting potential opportunities for strategic decision-making and investment in the acetic anhydride sector over the specified timeframe.
It is anticipated that over 30% of the total production of acetic anhydride is used for cellulose acetate production.
This statistic indicates that a significant proportion, specifically over 30%, of the overall production of acetic anhydride is expected to be utilized in the production of cellulose acetate. Acetic anhydride is a key component in the synthesis of cellulose acetate, which is a widely used material in various industries such as textiles, film production, and manufacturing of cigarette filters. The high demand for cellulose acetate likely stems from its properties like biodegradability, strength, and versatility. This statistic highlights the important role that acetic anhydride plays in the production of cellulose acetate and suggests that this specific application has a considerable impact on the market for acetic anhydride.
The North America acetic anhydride market is expected to register a CAGR of over 1.5% during the forecast period of 2021-2026.
The statistic indicates that the North America acetic anhydride market is predicted to experience a Compound Annual Growth Rate (CAGR) of more than 1.5% between 2021 and 2026. This growth rate suggests a steady increase in the market size and demand for acetic anhydride over the specified time frame. A CAGR of 1.5% implies a moderate but consistent growth trend in the industry, which could be driven by factors such as expanding applications of acetic anhydride in various industries, technological advancements, and evolving consumer preferences. Overall, this forecast highlights a positive outlook for the North America acetic anhydride market in the coming years.
The Asian acetic anhydride market is expected to grow at a faster pace, considering the rising demand from end-user industries in the region.
This statistic indicates that the Asian acetic anhydride market is projected to experience significant growth due to increasing demand from various end-user industries within the region. Acetic anhydride is a key chemical compound widely used in sectors such as pharmaceuticals, textiles, and food processing. The growing utilization of acetic anhydride in these industries signifies a positive trend for market expansion, suggesting that businesses operating within the Asian market can expect increased opportunities and potentially higher profits. The rising demand for acetic anhydride reflects positive economic dynamics within the region and highlights the potential for further market development in the foreseeable future.
Pharmaceutical applications accounted for 17.5% of global acetic anhydride demand in 2019.
In 2019, pharmaceutical applications accounted for 17.5% of global acetic anhydride demand, indicating that a significant portion of the total demand for acetic anhydride, which is a chemical used primarily in the production of various pharmaceutical products, was driven by the pharmaceutical industry. This statistic highlights the importance of acetic anhydride as a key raw material in the pharmaceutical sector, and implies a strong dependence of pharmaceutical manufacturers on this chemical compound for the production of drugs, medicines, and other healthcare products. The substantial share of pharmaceutical applications in the global demand for acetic anhydride suggests a crucial role of this chemical in supporting the pharmaceutical industry’s operations and growth.
India’s acetic anhydride demand grew at around 10% CAGR during the 2013-2019 period.
The statistic “India’s acetic anhydride demand grew at around 10% CAGR during the 2013-2019 period” indicates that the demand for acetic anhydride in India increased at a Compound Annual Growth Rate (CAGR) of approximately 10% from 2013 to 2019. This means that on average, the demand for acetic anhydride in India experienced a 10% year-over-year growth over the specified period. A CAGR provides a smooth representation of the growth rate over time, taking into account the compounding effect, and a 10% CAGR suggests a strong and steady increase in demand for this chemical compound in the Indian market during the six-year period analyzed.
China’s acetic anhydride production is expected to increase at a CAGR of around 4.43% during 2021-2026.
This statistic indicates that China’s production of acetic anhydride, a chemical compound commonly used in industries such as pharmaceuticals, plastics, and textiles, is projected to grow at a compound annual growth rate (CAGR) of approximately 4.43% from 2021 to 2026. This implies that the output of acetic anhydride in China is forecasted to steadily increase over the specified period. Factors driving this growth may include rising demand for acetic anhydride in various applications, technological advancements in production processes, and potentially favorable market conditions. The CAGR provides a measure of the annual growth rate over a specific timeframe, offering insights into the industry’s anticipated expansion and potential future trends.
Japan is also one of the considerable producers, holding about 16% of the global capacity of acetic anhydride in 2020.
In 2020, Japan maintained a significant presence in the global production of acetic anhydride, a key chemical compound used in various industries such as pharmaceuticals, textiles, and food processing. Holding approximately 16% of the global capacity indicates that Japan was a major player in the market, contributing a substantial portion of the total worldwide production of acetic anhydride. This statistic underscores Japan’s importance in the chemical manufacturing sector and its competitive position on the global stage in terms of production capacity for this specific chemical compound.
The market size of acetic anhydride in the Middle East & Africa was valued at USD 237.1 million in 2021.
The statistic indicates that the total market value of acetic anhydride in the Middle East & Africa region was USD 237.1 million in 2021. This figure represents the combined monetary worth of all sales and transactions involving acetic anhydride within the specified geographical area during that year. Market size is an important indicator of the level of demand and economic activity within an industry, reflecting the size of the opportunity for businesses operating in the acetic anhydride market in the Middle East & Africa region. Understanding market size can inform strategic decision-making, investment priorities, and competitive positioning for companies involved in the production, distribution, or utilization of acetic anhydride in this particular market.
The acetic anhydride market pricing in South America was around USD 950 per ton in 2020.
The statistic “The acetic anhydride market pricing in South America was around USD 950 per ton in 2020” indicates the average price at which acetic anhydride, a chemical compound used primarily in the production of cellulose acetate, pharmaceuticals, and other products, was being traded in the South American market during the year 2020. This pricing information is valuable for businesses operating in the region, as it provides insight into the cost dynamics of the acetic anhydride market, allowing them to make informed decisions regarding procurement, production, and pricing strategies. Overall, this statistic serves as a key indicator of market trends and conditions within the chemical industry in South America during the specified time period.
The North America region has maintained a steady demand for acetic anhydride with a 2% increase in consumption in 2020.
The statistic indicates that the North America region has experienced consistent and stable demand for acetic anhydride, a chemical compound commonly used in various industrial processes such as pharmaceuticals, textiles, and food production. The 2% increase in consumption in 2020 suggests a modest growth in the utilization of acetic anhydride within the region. This steady demand and slight uptick in consumption may be influenced by factors such as economic growth, industrial activities, and market trends in North America. Overall, the statistic signifies a positive trend for the acetic anhydride market in the region, reflecting ongoing demand and potential opportunities for industry stakeholders.
Acetic anhydride demand in the United States accounted for over 20% of global demand in 2020.
The statistic that acetic anhydride demand in the United States accounted for over 20% of global demand in 2020 indicates that the United States played a significant role in the global market for this chemical compound. Acetic anhydride is a key industrial chemical used in the production of various products such as cellulose acetate, aspirin, and certain plastics. The fact that the U.S. accounted for more than a fifth of the global demand highlights the country’s strong presence and influence in the industry. This statistic suggests that the United States is a major consumer and potentially a major producer of acetic anhydride, with implications for economic activity, trade dynamics, and supply chains in the global market for this chemical.
Acetic anhydride market fragment for the pharmaceutical industry is predicted to exhibit a 2% CAGR during 2021-2026.
The statistic indicates that the acetic anhydride market segment specific to the pharmaceutical industry is projected to experience a Compound Annual Growth Rate (CAGR) of 2% between 2021 and 2026. This forecast suggests that there will be a gradual but steady increase in the demand for acetic anhydride within the pharmaceutical sector over the specified timeframe. The CAGR serves as a measure of the annual growth rate of the market segment, highlighting the anticipated expansion in this particular industry segment. This statistic can be valuable for stakeholders in the pharmaceutical sector for strategic planning, investment decisions, and market analysis.
Europe accounted for around 22.0% of the global revenue share for acetic anhydride in 2019.
In 2019, Europe contributed approximately 22.0% to the total revenue generated from the global sales of acetic anhydride. This statistic indicates the significant market presence and contribution of Europe in the acetic anhydride industry compared to other regions worldwide. The region’s share of revenue suggests that Europe is a key player in the production, consumption, and trade of acetic anhydride, highlighting its importance in the global market for this chemical compound. Understanding the revenue share of Europe provides valuable insights into market dynamics, trends, and opportunities within the acetic anhydride industry on a global scale.
The acetic anhydride industry in South Korea accounted for the second-largest Asian market with around 12% share in 2019.
The statistic indicates that in 2019, the acetic anhydride industry in South Korea held the second-largest market share in Asia, accounting for approximately 12% of the total market. This suggests that South Korea was a significant player in the Asian acetic anhydride market, trailing behind the top market leader. The 12% share indicates the relative size and importance of the South Korean acetic anhydride industry within the region, highlighting its competitive position and level of influence in the market landscape.
References
0. – https://www.www.mordorintelligence.com
1. – https://www.www.expertmarketresearch.com
2. – https://www.finance.yahoo.com
3. – https://www.www.grandviewresearch.com
4. – https://www.www.researchandmarkets.com
5. – https://www.www.mccourier.com
6. – https://www.industrygrowthinsights.com
7. – https://www.www.prnewswire.com
8. – https://www.www.gminsights.com
