Acetic Anhydride Prices, Trend and Demand

The latest report by IMARC Group, titled “Acetic Anhydride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the Acetic Anhydride Prices. This report delves into the Price of Acetic Anhydride globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this price report an invaluable resource for industry stakeholders.

Acetic Anhydride Prices First Quarter 2024:

China: 747 USD/MT

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Key Details About the Acetic Anhydride Price Trend

Acetic anhydride is a chemical compound widely used as an acetylating agent in the production of various chemicals, including cellulose acetate, which is utilized in plastics, films, and fibers. It also plays a crucial role in manufacturing pharmaceuticals, dyes, and perfumes. Known for its reactivity and versatility, acetic anhydride is a key ingredient in acetylation reactions across different industries. The global acetic anhydride market is driven by the growing demand for cellulose acetate in the textile and packaging sectors. The increasing use of Acetic Anhydride in the pharmaceutical industry for drug synthesis, coupled with its application in the production of agrochemicals, further boosts market growth. Additionally, the rising demand for acetic anhydride in the manufacturing of food additives and fragrances contributes to its market expansion. Emerging trends include the development of sustainable production methods and the growing focus on green chemistry, aimed at reducing environmental impact.

Factors Influencing Acetic Anhydride Prices in Different Regions

In the North American

In the first quarter of 2024, the North American acetic anhydride (AA) prices experienced mixed dynamics. Prices were initially stable, supported by steady demand and consistent feedstock costs. Mid-quarter fluctuations arose from varying demand for pharmaceutical intermediates and reduced utilization in cellulose acetate. Short-term supply disruptions and shifting trade dynamics added volatility, leading to a price decline towards quarter-end due to easing acetic acid costs and increased inventories. Regional variations were noted, with stable to higher prices on the Gulf Coast and volatility elsewhere.

In the Asia Pacific region

In the first quarter of 2024, the APAC acetic anhydride market experienced mixed trends due to several factors. Operational failures at major production plants led to lower inventories and higher import prices. Meanwhile, heavy destocking and reduced downstream demand resulted in lower prices, although restocking and increased demand towards quarter-end caused a price rebound. China saw the most significant pricing fluctuations, with a bearish market, moderate supply, and expected declines in Methanol and acetic acid prices. Year-on-year stability contrasted with significant quarter-on-quarter price decreases.

In Europe

In the first quarter of 2024, European acetic anhydride (AA) prices declined from Q4, following earlier stability. This decrease was driven by reduced demand in key industries like cellulose acetate, pharmaceuticals, paints, and coatings, alongside ample supply, stable production, and moderating acetic acid feedstock costs. Competition among European producers and regional variations affected prices, with Western and Central Europe seeing higher prices due to transportation costs, while Eastern Europe benefited from lower prices due to proximity to production facilities.

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.