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Global Acetic Acid Market: By Application; By End Use Industry; Regional Analysis; Historical Market and Forecast (2016-2026); 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 Key Insights

In 2020, the global acetic acid market attained a value of USD 9.07 billion. In the forecast period of 2021-2026, the market is expected to grow at a CAGR of around 5.5% to reach USD 11.85 billion.

This report by Expert Market Research entitled “Acetic Acid Market Report and Forecast 2021-2026” provides a comprehensive analysis for anyone who plans to foray in the industry.

 

Acetic Acid Market Size

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Historical industry trends for the acetic acid market have been provided from 2016-2020 and forecasts have been presented till 2026.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 industry based on Porter’s five forces model, which evaluates the level of competition in the industry 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.

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 raw materials required for manufacturing acetic acid viz. methanol and carbon monoxide.

 

Acetic Acid Market by Application

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Properties and Applications

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.

On the basis of application, the global acetic acid market has been segmented into vinyl acetate monomer (VAM), purified terephthalic acid (PTA), anhydride, ethyl acetate, and butyl acetate. On the basis of the end-use sectors, the industry is divided plastics and polymers, food and beverages, inks, paints, and coatings, chemicals, and pharmaceuticals, among others.

 

Market Analysis

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.

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 and Africa. China currently represents the largest market.

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.

 

Acetic Acid Market by Region

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Competitive Landscape

The report analyses the following key players in the global acetic acid market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:

  • British Petroleum
  • Celanese
  • Jiangsu Sopo
  • Others

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the 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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020) 
    8.3    Global Acetic Acid Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Purified Terephthalic Acid (PTA)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Anhydride
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Ethyl Acetate
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Butyl Acetate
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
    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 (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Food & Beverages
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Inks, Paints & Coatings
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Chemicals
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Pharmaceuticals
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    North America
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
    9.3    Western/Eastern Europe
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    North East Asia
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
    9.5    South East Asia
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
    9.6    Middle East & Africa
        9.6.1    Historical Trend (2016-2020)
        9.6.2    Forecast Trend (2021-2026)
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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
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 (2016-2020) 
        15.1.2    Global Methanol Market Forecast (2021-2026)
        15.1.3    Methanol Historical Price Trends (2016-2020) and Forecast (2021-2026)
        15.1.4    Global Methanol Market by Region
    15.2    Carbon Monoxide
        15.2.1    Global Carbon Monoxide Historical Market (2016-2020) 
        15.2.2    Global Carbon Monoxide Market Forecast (2021-2026)
        15.2.3    Carbon Monoxide Historical Price Trends (2016-2020) and Forecast (2021-2026)
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 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), 2016-2020
3.    Global Acetic Acid Market Forecast: Breakup by Application (USD Billion), 2021-2026
4.    Global Acetic Acid Historical Market: Breakup by End Use Industry (USD Billion), 2016-2020
5.    Global Acetic Acid Market Forecast: Breakup by End Use Industry (USD Billion), 2021-2026
6.    Global Acetic Acid Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Acetic Acid Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Historical Price Trends and Forecast 2016-2026
9.    Europe Historical Price Trends and Forecast 2016-2026
10.    Asia Pacific Historical Price Trends and Forecast 2016-2026
11.    Latin America Historical Price Trends and Forecast 2016-2026
12.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
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 2021-2026.

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 2021-2026, 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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