Acetic Anhydride Pricing Report

Acetic Anhydride Prices December 2023

The price of acetic anhydride in China reached 818 USD/MT in Q4 2023. The market observed changes in pricing trends, with a bearish market situation and a moderate supply. The prices of feedstock methanol reduced and the demand from the downstream industry decreased. The prices of acetic acid in the country witnessed a decline. In line with this, the price percentage change from Q4 of the previous year was 4%, indicating a stable market for acetic anhydride. On the other hand, the quarter-on-quarter percentage change was -20%, reflecting a decrease in prices. The price percentage comparison between the first and second half of the quarter was -23%. As a result, the acetic anhydride market in China showcased mixed pricing trends in Q4 of 2023 on account of various factors influencing the market.

Acetic Anhydride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Acetic Anhydride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of acetic anhydride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acetic anhydride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acetic Anhydride Market Analysis

The global acetic anhydride market size reached US$ 3.8 Billion in 2023. By 2032, IMARC Group projects the market to reach US$ 4.8 Billion, at an anticipated CAGR of 2.60% during 2023-2032.

• The expanding food and beverage (F&B) sector are driving the demand for acetic anhydride. To create modified starches, acetic anhydride is employed as a food ingredient. These modified starches aid in thickening of various food products. In line with this, acetic anhydride is widely employed in numerous culinary applications, such as frozen cakes, ice-creams, mayonnaises, dry cake mixes, and muesli bars, driven by its acetylating and dehydrating properties. Furthermore, the rising consumption of processed or ready-to-eat (RTE) food products among the masses across the globe is bolstering the market growth.
• Acetic anhydride is a vital raw material to produce cellulose acetate fibers, which are used in textiles. Cellulose acetate fiber provides improved drapability and comfort. It has enhanced textile processing performance, which aids in broadening its range of applications, including in woven products. It also poses antimicrobial activity against bacterial species, such as Staphylococcus aureus and Escherichia coli. The increasing adoption of cellulose acetate for manufacturing textiles and catering to changing preferences of individuals is impelling the market growth. People are willing to pay premium prices for high-quality clothing fabrics. The research report of IMARC Group reports that the global textile market size reached US$ 1,027.0 Billion in 2023 and is anticipated to grow to US$ 1,445.4 Billion in 2032. 
• The acetic anhydride market share is also influenced by the employment of its derivatives, such as cellulose acetate, in cigarette filters. The increasing consumption of cigarettes among the masses across the globe is propelling the growth of the market.        
• Acetic anhydride is also used to manufacture several plastics and polymers, including vinyl acetate. The rising need for plastic materials across numerous sectors, such as packaging, construction, and automotive, is catalyzing the demand for acetic anhydride.

Acetic Anhydride News

The report covers the latest developments, updates, and trends impacting the global acetic anhydride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acetic anhydride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the acetic anhydride industry:

• 9 May 2023, Celanese completed the construction of 1.3 m tons per year acetic acid plant in Clear Lake, Texas. This plant is expected to enhance the ability of the company to take advantage of low natural gas costs in the United States.    
• 1 January 2021, INEOS, one of the world’s largest manufacturing companies, completed the purchase of the global aromatics and acetyls businesses from BP for an amount of $ 5 billion. INEOS acetyls produce acetic acid and a wide range of derivatives from its 9 sites for industries, such as food, pharmaceuticals, paints, adhesives, and packaging.    

Product Description

Acetic anhydride, also known as ethanoic anhydride, is a clear colorless liquid and has a strong odor of vinegar. It is less reactive as compared to acid chlorides. It can create an acidic solution when reacted with water.

Acetic anhydride acts as a versatile reagent and solvent in the chemical sector. It is a reactive compound that reacts quickly with water and alcohol to produce esters or acetates. It also serves as a catalyst to produce geraniol, citral, and citric acid.

In addition, acetic anhydride is a crucial raw material for aspirin and other pharmaceuticals manufacturing. Aspirin is used to treat mild to moderate pain, inflammation, or arthritis among individuals. Acetic anhydride-based aspirin aids in lowering the risk of heart attack, stroke, or blood clots.

Regional Coverage

The report provides a detailed analysis of the acetic anhydride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends. 

Global Acetic Anhydride Price

The report offers a holistic view of the global acetic anhydride pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Acetic Anhydride Price

In Q4 of 2023, the European region observed a price delice of 5-10% as compared to Q3 of the same year, showing a period of stability. This downward trend was faced by reduced demand in main downstream industries, such as pharmaceuticals and paints and coatings. In addition, ample supply, stable production capacity, and moderate acetic acid feedstock costs caused a decline in price.   

This analysis can be extended to include detailed acetic anhydride price information for a comprehensive list of countries.

North America Acetic Anhydride Price

In North America, the acetic anhydride market witnessed mixed dynamics in Q4 of 2023. Initially, stable prices were followed by steady demand from various industries and consistent feedstock costs. Mid-quarter fluctuations were influenced by varying demand in pharmaceutical intermediates and reduced utilization in cellulose acetate on account of shifting consumer preferences and decreased construction activity.  Moreover, short-term supply disruptions and evolving trade dynamics, particularly from Asia, contributed to market volatility. In Q4, prices declined, driven by easing acetic acid costs, increasing inventory levels, and competition among producers.

Specific data on acetic anhydride prices within the United States and Canada can also be provided.

Middle East and Africa Acetic Anhydride Price

The report explores the acetic anhydride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acetic anhydride prices for countries can also be provided.

Asia Pacific Acetic Anhydride Price

The acetic anhydride pricing in the Asia Pacific region showed a mixed quarter in Q4 2023, with numerous factors impacting the market. Operational failures of major production plants resulted in lower inventories, leading to higher import prices. Heavy destocking market activity and reduced demand from the downstream industry led to price decline. However, towards the end of Q4 of 2023, restocking activity, along with increased demand from downstream industries, led to higher prices.  

This analysis can be further extended to include detailed acetic anhydride prices for a comprehensive list of countries within the region.

Latin America Acetic Anhydride Price

The analysis of acetic anhydride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acetic anhydride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acetic anhydride price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the acetic anhydride industry.