Acetic acid (CH3COOH) is an organic chemical compound which gives a sour taste and pungent smell like vinegar. It occurs as both free and combined, in the form of esters of various alcohols in many plants and has also been detected in animal secretions. It is an important chemical reagent and industrial chemical used in the manufacturing of various other chemicals that serve a number of industries such as textiles, inks, rubbers, plastics, etc. During 2014-2018, the global acetic acid market grew at a CAGR of around 6%. Presently, vinyl acetate monomer (VAM- an intermediate in the production of a range of chemical derivatives) is one of the most rapidly growing application areas of acetic acid accounting for the majority of its total global consumption. This report by Expert Market Research entitled “Acetic Acid Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray in the acetic acid market
Historical market trends for the acetic acid industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global acetic acid market into the following regions – China, North America, Western/Eastern Europe, North East Asia and Middle-East & Africa. China currently represents the largest market. On the basis of end-use, the global acetic acid market has been segmented into vinyl acetate monomer (VAM), purified terephthalic acid (PTA), anhydride, ethyl acetate, butyl acetate and others.
The value chain analysis of acetic acid has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the acetic acid industry has also been provided. The report also covers the global import and export trends of acetic acid with Belgium being the largest importer and United States being the largest exporter.
This report provides an exhaustive insight into the manufacturing of acetic acid. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing acetic acid viz. methanol and carbon monoxide. For each feedstock, the report provides market trends, price trends, market by application, market by region and its key manufacturers.
The following are the key questions answered by this report:
- What are the market trends for the global acetic acid market?
- Which are the biggest markets (regions) for acetic acid?
- What are the key application areas for acetic acid?
- Who are the key manufacturers in the acetic acid market?
- What are the price trends of acetic acid?
- What are the raw material requirements for the manufacturing of acetic acid?
- What are the chemical reactions involved during the manufacturing of acetic acid?
- Who are the major importers and exporters of acetic acid?
- What is the value chain analysis of the acetic acid industry?
- What are the market trends of major feedstocks?
- What are the price trends of major feedstocks?
- Which are the biggest markets (regions) for major feedstocks?
- What are the key application areas for various feedstocks?
- Who are the key players for various feedstocks?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the acetic acid industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.