Acetic Anhydride Prices in the Across Regions:
- China: 747 USD/MT
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Factors Affecting Acetic Anhydride Prices Trend by the First Quarter 2024:
Acetic Anhydride Price Trend in United States:
In early 2024, According to the Acetic Anhydride Prices Chart USA Prices remained steady due to stable demand from key industries and an uninterrupted supply chain. Mid-quarter, U.S. prices saw a slight increase due to ongoing construction demand, which is anticipated to grow as government workforce programs progress. Despite this slight increase, stable market conditions have maintained supply consistency, supporting a positive short-term outlook.
Acetic Anhydride Price Trend in the Asia Pacific Region:
The APAC market faced pricing challenges in Q2 2024, with a notable decline caused by lower demand for acetic acid, an important precursor, and an oversupply in sectors like laundry and detergents. In China, acetic anhydride prices dropped considerably from the previous year, with reduced overseas demand further impacting the market.
Acetic Anhydride Price Trend In Europe:
In Europe, acetic anhydride prices trended downward in Q2 2024, influenced by low acetic acid prices and high inventory levels. Import costs from China remained stable, but lower methanol prices and abundant supply added to the downward trend. The European Central Bank's ongoing high-interest rate policies limited purchasing power in downstream industries. Additionally, a decrease in manufacturing activity, reflected in the Purchasing Managers’ Index (PMI), softened demand for chemicals, contributing to a weakened market.
What is the purpose of Acetic Anhydride?
Acetic anhydride is a vital chemical primarily used in producing cellulose acetate, which has extensive applications in cigarette filters, coatings, and textiles. Rising tobacco consumption, particularly in developing nations, has increased the demand for cellulose acetate, supporting growth in the acetic anhydride market. Additionally, acetic anhydride is an essential component in synthesizing aspirin and other pharmaceuticals, benefiting from the expanding healthcare sector and the increasing demand for over-the-counter medications. The agrochemical industry also depends on acetic anhydride for producing pesticides and herbicides, further driving demand as global agricultural activities expand. The combined needs of the pharmaceutical, agrochemical, and plastics sectors significantly influence acetic anhydride pricing.
Price Trend Overview and Detailed Regional 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 industry entry and expansion services. IMARC offerings include thorough industry assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, industrying and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.
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