Acetic Anhydride Trend, Historical & Forecast [Data]

Price of Acetic Anhydride First Quarter 2024: 

• China: 747 USD/MT

  

Factors Affecting Acetic Anhydride Price Trend in the Different Regions:

In North America: In early 2024, the Acetic Anhydride Prices in North America remained stable due to consistent demand from downstream industries and an uninterrupted supply chain. Mid-quarter saw a price uptick in the U.S., supported by sustained construction of Acetic Anhydride Demand, which is expected to grow as government-led apprenticeship and workforce initiatives gain traction. Although prices increased slightly compared to the previous quarter, strong market resilience helped maintain supply stability, suggesting a positive short-term outlook for the region.

In the Asia Pacific Region: The APAC market experienced price challenges in Q1 2024, with a noticeable decline driven by weaker demand for acetic acid, an essential feedstock, alongside oversupply and reduced needs from sectors like laundry and detergents. In China, prices dropped significantly compared to the previous year, with muted overseas demand further impacting market growth.

In Europe: In Europe, acetic anhydride prices trended downward in the first quarter of 2024, largely due to subdued acetic acid prices and high inventory levels. Import prices from China remained steady, but lower methanol costs and abundant supply exerted downward pressure. The European Central Bank’s continued high interest rates also constrained demand, reducing purchasing power in downstream sectors. Furthermore, a contraction in the manufacturing sector, reflected in the Purchasing Managers' Index (PMI), weakened the demand for chemicals, contributing to a softening market.

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What is the purpose of Acetic Anhydride?

Acetic anhydride is an essential chemical primarily used in producing cellulose acetate, which finds widespread applications in cigarette filters, coatings, and textiles. With rising tobacco consumption, especially in developing countries, the demand for cellulose acetate has significantly increased, driving growth in the acetic anhydride market. Additionally, acetic anhydride serves as a crucial precursor for synthesizing aspirin and various pharmaceuticals, benefiting from the expanding healthcare industry and rising demand for over-the-counter medications. The agrochemical sector also relies on acetic anhydride for manufacturing pesticides and herbicides, further fueling its demand as agricultural activities intensify globally. This collective demand from diverse industries, especially pharmaceuticals, agrochemicals, and plastics, is a key factor shaping the acetic anhydride price trend.

 

Overall, Price Trend and Regional Prices Analysis:

 

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

 

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

 

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

 

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