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Acetic Anhydride

Acetic Anhydride Prices Overview

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Market Overview

Quarterly Update on Acetic Anhydride Market

For the Quarter Ending December 2020

Asia

Acetic Anhydride demand remained resilient throughout Q4 as the end use industries including Cellulose Acetate and Aspirin continued production. Demand from the end use in (tetraacetylethylenediamine) TAED segment saw a significant rise as the demand for laundry detergent increased in the region in the wake of COVID-19 pandemic. Prices of the feedstock Acetic Acid saw a rise which raised the prices for Acetic Anhydride in Q4. Thus, price of Acetic Anhydride in India during Q4 was averaged around USD 1318 per MT.

North America

Demand came from both cigarette filters and pharma industry as both revived in Q4 from the aftereffects of lockdown. Furthermore, demand from TAED segment rose much sharply with the rise in the demand for Laundry detergent. Consequently, prices of Acetic Acid increased due to surge in prices of feedstock Methanol which suffered limited supplies in Q4. This has caused a slight increase in the prices of Acetic Anhydride prices as compared to Q3.

Europe

Supply of feedstock Acetic Acid in the European market saw a slight decline in Q4 due to production cuts implemented in several plants of feedstock methanol in Q4. Shortage of upstream Methanol in the region caused an upward pressure on the prices of Acetic Anhydride. Demand from cellulose acetate, pharmaceuticals increased as both the industries rebounded from the aftereffects of the COVID-19 pandemic. Demand from TAED segment saw a slightly higher growth as compared to cellulose acetate and pharma industry as the need for cleaning products and detergents rose sharply both in Q3 and Q4.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acetic Anhydride is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Acetic Anhydride market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Acetic Anhydride manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Acetic Anhydride market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Acetic Anhydride market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Acetic Anhydride are analyzed and region-wise demand pattern is tracked.

About

Acetic Anhydride is the simplest anhydride of carboxylic acid which is used in the manufacturing of various products. Acetic Anhydride is majorly used as a raw material for Cellulose Acetate manufacturing. Besides, it is also utilized in the production of Aspirin and Tetraacetylethylenediamine (TAED) which is widely used in laundry detergents. Acetic Anhydride is produced commercially by two routes. Industrially viable method is the ketene-acetic acid method. It involves thermal decomposition of Acetic Acid to ketene followed by the reaction of the ketene with additional acetic acid which forms acetic anhydride. Methyl acetate carbonylation is a second route. Methyl acetate carbonylation involves formation of by product acetic acid.

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Acetic Anhydride Prices Overview