According to ChemAnalyst report, “India Acetic Anhydride Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The India Acetic Anhydride Market is likely to grow at a CAGR of 5.63% during the forecasted period by FY2030. The end-use industries Cellulose Acetate, Pharmaceuticals, Detergents (TAED), and Agrochemicals are anticipated to boost the demand for Acetic Anhydride in India in the forthcoming years.
Acetic Anhydride is a versatile chemical with the chemical formula C4H6O3. This compound is mainly synthesized via the ketene method. Glacial acetic acid is used as a starting material in the ketene pathway method, which produces acetic anhydride. It is easily dissolved in the common organic solvents and is entirely miscible with diethyl ether. Acetic Anhydride is mainly used to synthesize cellulose acetate. Aside from these products, acetic acid is used to manufacture acetic anhydride, acetic esters, chloroacetic acid, insecticides, polymers, dyes, rubber, photographic chemicals, etc.
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Rising growth in the India Acetic Anhydride market is due to significant demand for cigarette filters tow whose major raw material is Cellulose Acetate. Also, a wide range of pharmaceutical medicines and intermediates are produced using acetic anhydride. The production of acetic anhydride is essential for manufacturing aspirin, paracetamol, acetaminophen, sulfa medicines, I-bruphen, and a variety of vitamins and hormones. Increasing use of Acetic Anhydride as a chemical intermediate for the medicines pharmaceutical industries is therefore driving the demand for Acetic Anhydride in the country. Acetic Anhydride is fueled by its increasing consumption in the manufacturing of Tetraacetylethylenediamine (TAED) which is utilized in laundry detergent. Acetic Anhydride also has various other applications such as flavors, fragrances, dyes and sweeteners which are also expected to foster the demand for Acetic Anhydride in India.
Based on end-use, the India Acetic Anhydride market is segregated into Cellulose Acetate, Pharmaceuticals, Detergents (TAED), Agrochemicals, and Others. Among these, the Cellulose Acetate is dominating the market and held roughly 40% of the market in FY2023. Cellulose acetate is biodegradable and a viable option for textile industry due to its ease to be dyed and absorbing properties which is certain to fuel the demand for acetic anhydride in the forthcoming years. Growing demand for Aspirin is also one of the factors which is boosting Acetic Anhydride demand in the domestic market.
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Based on region, the India Acetic Anhydride Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2023, West India has been dominating the market followed North India. In FY2023, West India consumed 35% of the market and is anticipated to dominate the market in the forthcoming years.
“India Acetic Anhydride Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Jubilant Ingrevia Ltd., Laxmi Organic Limited, and Luna Chemicals Industries Pvt. Ltd. are the primary players operating in the production of Acetic Anhydride in India. Major players operating in Global Acetic Anhydride market include Eastman Chemical Co, Celanese Corporation, INEOS Group Limited, Ningbo Wanglong Technology Co.,Ltd, Daicel Industries, Jiangsu Danhua Group Co.,Ltd, Jinan Acetate Chemical, and Others.
“Acetic Anhydride is a clear compound which is versatile and used in numerous industries owing to its excellent solvency with the majority of the organic solvents. The growing demand of Acetic Anhydride to produce cellulose acetate, which is a biodegradable compound with uses in various industries such as cigarette filters and textile sector majorly drives the India Acetic Anhydride market. Moreover, with the growth of India’s pharmaceutical sector, mainly including sulpha drugs, coupled with progress in healthcare facilities is anticipated to further propel the acetic anhydride demand in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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