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Global Acetic Acid Market: By Application; By End Use Industry; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Price Analysis; Trade Data Analysis; Manufacturing Process; Raw Material Market Analysis; Competitive Landscape; Events and Developments

Global Acetic Acid Market Outlook

The global acetic acid market attained a value of USD 9.07 billion in 2020. The market is further expected to grow at a CAGR of around 5.5% in the forecast period of 2022-2027.

 

Acetic Acid Market Size

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Increasing Demand for Vinyl Acetate Monomer to Augment the Market Growth

On the basis of application, the market has been segmented into vinyl acetate monomer (VAM), purified terephthalic acid (PTA), anhydride, ethyl acetate, and butyl acetate. 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. Vinyl acetate monomer is widely utilised in paint and coating formulations. In the paints industry, VAM is polymerised to obtain polyvinyl acetate or other polymers that serve as essential ingredients in the sector. In the industrial sector, acetic acid serves as an important chemical reagent, which contributes to its growing demand.

 

The Asia Pacific to Provide Significant Growth Opportunities for the Market Expansion of Acetic acid

On a regional level, the market in the Asia Pacific region is expected to witness a significant growth during the forecast period. China currently represents the largest market for the product. The growing penetration of polymer manufacturers in the region has been contributing to the growth of the market. Furthermore, as acetic acid has applications across an array of industries including paints and coatings and chemicals, the rapid industrialisation and urbanisation observed in emerging countries like India and China are likely to favour the growth of the market. The region is witnessing increased government investments in the construction sector, along with the expansion of multiple manufacturing projects, which is expected to enhance the product demand across major domains in the forecast period.

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.

 

Market Segmentation

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, and others.

 

Acetic Acid Market by Application

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The market is segmented based on application into:

  • Vinyl Acetate Monomer (VAM)
  • Purified Terephthalic Acid (PTA)
  • Anhydride
  • Ethyl Acetate
  • Butyl Acetate

The major end use sectors of the product include:

  • Plastics and Polymers
  • Food and Beverages
  • Inks, Paints, and Coatings
  • Chemicals
  • Pharmaceuticals
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Acetic Acid Market by Region

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Increased Demand from Major End Use Sectors to Aid the Market Growth of Acetic Acid

Vinyl acetate monomer, which is responsible for a majority of the consumption of acetic acid, is witnessing an increased demand in industrial and cosmetics manufacturing sectors. Thus, the rapid growth of the cosmetics sector is, in turn, contributing to the rising demand for acetic acid. Further, in its diluted form, acetic acid is often utilised in the household sector as a descaling agent, while it is widely used as a key ingredient (chemical reagent) to produce cellulose acetate in the industrial sector. Apart from this, acetic acid is also used as a condiment and acidity regulator in the food industry. As the chemical acts as a hydrophilic substance in its liquid form, it is suitable for a wide array of applications. These factors are significantly contributing to the growth of the market. In the forecast period, the use of new technology by the leading market players like Celanese Corporation to enhance their production capacity and formulate new product lines to enhance the consumer base is expected to aid the market growth over the forecast period.

 

Key Players in the Global Acetic Acid Market

The report gives a detailed analysis of the following key players in the global acetic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • British Petroleum
  • Celanese
  • Jiangsu Sopo
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use Industry, Region
Breakup by Application Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Anhydride, Ethyl Acetate, Butyl Acetate
Breakup by End Use Industry Plastics & Polymers, Food & Beverages, Inks, Paints & Coatings, Chemicals, Pharmaceuticals, Others
Breakup by Region China, North America, Western/Eastern Europe, North East Asia, South East Asia, Middle East & Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered British Petroleum, Celanese, Jiangsu Sopo, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Acetic Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Acetic Acid Historical Market (2017-2021) 
    8.3    Global Acetic Acid Market Forecast (2022-2027)
    8.4    Global Acetic Acid Market by Application
        8.4.1    Vinyl Acetate Monomer (VAM)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Purified Terephthalic Acid (PTA)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Anhydride
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Ethyl Acetate
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Butyl Acetate
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
    8.5    Global Acetic Acid Market by End Use Industry
        8.5.1    Plastics & Polymers
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Food & Beverages
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Inks, Paints & Coatings
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Chemicals
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Pharmaceuticals
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Others
    8.6    Global Acetic Acid Market by Region
        8.6.1    Market Share
            8.6.1.1    China
            8.6.1.2    North America
            8.6.1.3    Western/Eastern Europe
            8.6.1.4    North East Asia
            8.6.1.5    South East Asia
            8.6.1.6    Middle East & Africa
9    Regional Analysis
    9.1    China
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
    9.2    North America
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
    9.3    Western/Eastern Europe
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
    9.4    North East Asia
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
    9.5    South East Asia
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
    9.6    Middle East & Africa
        9.6.1    Historical Trend (2017-2021)
        9.6.2    Forecast Trend (2022-2027)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    12.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13    Trade Data Analysis
    13.1    Major Importing Countries
        13.1.1    By Volume
        13.1.2    By Value
    13.2    Major Exporting Countries
        13.2.1    By Volume
        13.2.2    By Value
14    Manufacturing Process
    14.1    Detailed Process Flow
    14.2    Operations Involved
    14.3    Mass Balance
15    Raw Material Market Analysis
    15.1    Methanol
        15.1.1    Global Methanol Historical Market (2017-2021) 
        15.1.2    Global Methanol Market Forecast (2022-2027)
        15.1.3    Methanol Historical Price Trends (2017-2021) and Forecast (2022-2027)
        15.1.4    Global Methanol Market by Region
    15.2    Carbon Monoxide
        15.2.1    Global Carbon Monoxide Historical Market (2017-2021) 
        15.2.2    Global Carbon Monoxide Market Forecast (2022-2027)
        15.2.3    Carbon Monoxide Historical Price Trends (2017-2021) and Forecast (2022-2027)
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players Market Share
    16.3    Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
        16.3.1    British Petroleum
            16.3.1.1    Company Overview
            16.3.1.2    Product Portfolio
            16.3.1.3    Demographic Reach and Achievements
            16.3.1.4    Financial Summary
            16.3.1.5    Certifications
        16.3.2    Celanese
            16.3.2.1    Company Overview
            16.3.2.2    Product Portfolio
            16.3.2.3    Demographic Reach and Achievements
            16.3.2.4    Financial Summary
            16.3.2.5    Certifications
        16.3.3    Jiangsu Sopo
            16.3.3.1    Company Overview
            16.3.3.2    Product Portfolio
            16.3.3.3    Demographic Reach and Achievements
            16.3.3.4    Financial Summary
            16.3.3.5    Certifications
        16.3.4    Others
17    Events and Developments


List of Key Figures and Tables

1.    Global Acetic Acid Market: Key Industry Highlights, 2016 and 2026
2.    Global Acetic Acid Historical Market: Breakup by Application (USD Billion), 2017-2021
3.    Global Acetic Acid Market Forecast: Breakup by Application (USD Billion), 2022-2027
4.    Global Acetic Acid Historical Market: Breakup by End Use Industry (USD Billion), 2017-2021
5.    Global Acetic Acid Market Forecast: Breakup by End Use Industry (USD Billion), 2022-2027
6.    Global Acetic Acid Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Acetic Acid Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Historical Price Trends and Forecast 2017-2027
9.    Europe Historical Price Trends and Forecast 2017-2027
10.    Asia Pacific Historical Price Trends and Forecast 2017-2027
11.    Latin America Historical Price Trends and Forecast 2017-2027
12.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
13.    Global Acetic Acid Market Structure

Key Questions Answered in the Report

The global acetic acid market reached a value of USD 9.07 billion in 2020.

The market is expected to grow at a CAGR of about 5.5% in the forecast period of 2022-2027.

The industry is expected to expand in the forecast period to reach USD 11.85 billion by 2026.

The major drivers of the market such as rising disposable incomes, increasing population, rising demand for end-use products, and government initiatives in the industry are expected to aid the industry growth.

The rising acceptance of bio-based acetic acid is expected to define the market in the coming years.

China is the leading in the market for the product. North America, Western/Eastern Europe, North East Asia and the Middle East and Africa are the other major regions in the market.

Vinyl acetate monomer (VAM) account for the largest consumption of the product and is expected to witness rapid growth in the forecast period.

The major players in the market are British Petroleum, Celanese, Jiangsu Sopo, and others.

Analyst Review

The global acetic acid market attained a value of USD 9.07 billion in 2020 driven by the growing demand from the application sectors and the rise of the construction industry. It is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.5%. The industry is projected to be driven by the rise in the acceptance of bio-based acetic acid and is expected to reach USD 11.85 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of application, the vinyl acetate monomer (VAM) sector accounts for the largest share in the market. Based on the end-use sectors, the industry is divided plastics and polymers, food and beverages, inks, paints, and coatings, chemicals, and pharmaceuticals, among others. The major regional markets for the product are China, North America, Western/Eastern Europe, North East Asia, South East Asia, and Middle East and Africa. The key players in the above industry include British Petroleum, Celanese, Jiangsu Sopo, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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