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Acetic Acid Market Size, Share & Trends Analysis Report By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Ethanol), By Region, And Segment Forecasts, 2022 - 2030

October 2022 | 109 pages | ID: AD85837FC9C0EN
Grand View Research, Inc.

US$ 5,950.00

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Acetic Acid Market Growth & Trends

The global acetic acid market size is expected to reach USD 31.9 billion by 2030, registering a CAGR of 4.9%, as per the new report by Grand View Research, Inc. The growth is attributed to the rising demand for products in various industries such as construction, pharmaceuticals, and textiles. It is used in the production of paints and coatings. Rising desires for elevating the aesthetics of houses are driving the demand for paints and coatings worldwide, thereby increasing the demand for the product. Acetic acid is widely used in the food and beverage industry in North America. Increasing consumption of food in the region is directly influencing the demand for the product.

The major application of the product is Vinyl Acetate Monomer which captured 44.5% of the share in 2021. This is attributed to the rising demand for vinyl acetate monomers in industries such as paints and coating, paper coatings, and printed products. Acetic acid is considered an essential raw material for the production of vinyl acetate monomer, thereby directly increasing demand for the product.

The global product industry is highly competitive in the presence of multinationals in the industry. There are a few key players such as Eastman Chemical Company, SABIC, HELM AG, and Indian Oil corporations which are constantly investing in research and development activities to enhance their efficiency. These companies are involved in joint ventures and expansion of production capacities to gain a competitive edge.

The COVID-19 outbreak crippled numerous economies and severely impacted supply chains across the globe. The industry faced the shutdown of chemical firms across the globe. The consumption and production of the product are highly influenced by its demand from end-use industries. Fluctuation in demand from end-use industries impacted the overall demand for the product.

Acetic Acid Market Report Highlights
  • Vinyl acetate monomer application witnessed the fastest growth rate with a CAGR of 5.33% globally. This is attributed to its wide utilization in the paints and coating industry. Acetic acid is an essential raw material for the production of vinyl acetate monomers. Hence, the increasing demand for vinyl acetate monomer is directly influencing the product demand
  • The Asia Pacific dominated the market with a revenue share of 48.8% in 2021 and is predicted to remain on the top over the forecast period. This is attributed to the rising demand for the product in the pharmaceutical industry. Acetic acid is widely consumed in the development of medicinal drugs such as aspirins to cure headaches. An increasing number of patients in the region is driving demand for medicines, which is directly impacting the product demand in the industry
  • North America is the second largest region and captured 19.5% of the market in 2021. This is attributed to the increased demand for the product in the food and beverage industry in the region. Acetic acid is a less toxic and low-cost chemical that is widely used in the food industry. The market is anticipated to see significant growth owing to its increased demand in the food industry over the predicted years
  • The COVID-19 outbreak impacted the industry negatively and severely impacted the supply chain across the globe. The market witnessed a decline in growth owing to the inconsistency of demand for products from end-use industries. However, the industry started getting better in the second half of 2020 with the re-opening of various industries globally
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
  1.3.1 Information analysis
  1.3.2 Market formulation & data visualization
  1.3.3 Data validation & publishing
1.4 Research scope and assumptions
  1.4.1 List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Snapshot
2.2 Segmental Outlook
2.3 Competitive Insights

CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE

3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
  3.3.1 Raw Material Trends
  3.3.2 Manufacturing Trends
  3.3.3 Sales Channel Analysis
3.4 Price Trend Analysis
  3.4.1 Factors Influencing Prices
3.5 Regulatory Framework
3.6 Trade Analysis, 2017 to 2020 (HS Code 291521)
3.7 Market Dynamics
  3.7.1 Market Driver Impact Analysis
    3.7.1.1 Growing demand for Vinyl Acetate Monomer
    3.7.1.2 Rising product demand in Asia Pacific
  3.7.2 Market Restraint Impact Analysis
    3.7.2.1 Potential Risk of side effects
  3.7.3 Industry opportunities
3.8 Impact of COVID-19
3.9 Business Environment Analysis
  3.9.1 Porter’s Five Forces Analysis
  3.9.2 Macro-Environmental Analysis

CHAPTER 4 ACETIC ACID MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

4.1 Application Movement Analysis & Market Share, 2021 & 2030 (Thousand Tons) (USD Million)
4.2 Acetic Acid Market Size, Forecasts, and Trend Analysis, By Application, 2018 - 2030 (Thousand Tons) (USD Million)
  4.2.1 Vinyl Acetate Monomers
  4.2.2 Acetic Anhydride
  4.2.3 Acetate Esters
  4.2.4 purified terephthalic acid
  4.2.5 ethanol
  4.2.6 others

CHAPTER 5 ACETIC ACID MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

5.1 Regional Movement Analysis & Market Share, 2021 & 2030 (Thousand Tons) (USD Million)
5.2 Acetic Acid Market Size, Forecasts, and Trend Analysis, By Region, 2018 - 2030 (Thousand Tons) (USD Million)
  5.2.1 North America
    5.2.1.1 U.S.
    5.2.1.2 Canada
    5.2.1.3 Mexico
  5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 Belgium
    5.2.2.3 Netherlands
  5.2.3 Asia Pacific
    5.2.3.1 China
    5.2.3.2 India
    5.2.3.3 Japan
    5.2.3.4 South Korea
  5.2.4 Central & South America
    5.2.4.1 Brazil
    5.2.4.2 Argentina
  5.2.5 Middle East & Africa

CHAPTER 6 ACETIC ACID MARKET - COMPETITIVE ANALYSIS

6.1 Global Key Players, Recent Developments & Their Impact on the Industry
6.2 Key Company/Competition Categorization
6.3 Company Market Share/Ranking Analysis
6.4 Vendor Landscape
  6.4.1 List of Key Raw Material Suppliers
  6.4.2 List of Manufacturers
Barentz US HQ
  6.4.3 List of Key Distributors and Channel Partners
  6.4.4 List Of Potential EndUsers
  6.4.5 Strategic Framework

CHAPTER 7 COMPANY PROFILES

7.1 Eastman Chemical Company
  7.1.1 Company Overview
  7.1.2 Financial Performance
  7.1.3 Product Benchmarking
  7.1.4 Strategic Initiatives
7.2 Celanese Corporation
  7.2.1 Company Overview
  7.2.2 Financial Performance
  7.2.3 Product Benchmarking
7.3 LyondellBasell Industries Holdings B.V.
  7.3.1 Company Overview
  7.3.2 Financial Performance
  7.3.3 Product Benchmarking
7.4 SABIC
  7.4.1 Company Overview
  7.4.2 Financial Performance
  7.4.3 Product Benchmarking
7.5 HELM AG
  7.5.1 Company Overview
  7.5.2 Financial Performance
  7.5.3 Product Benchmarking
  7.5.4 Strategic initiatives
7.6 Airedale Chemical Company Limited
  7.6.1 Company Overview
  7.6.2 Financial Performance
  7.6.3 Product Benchmarking
  7.6.4 Strategic Initiatives
7.7 Indian Oil Corporation Ltd.
  7.7.1 Company Overview
  7.7.2 Financial Performance
  7.7.3 Product Benchmarking
7.8 Gujarat Narmada Valley Fertilizers & Chemicals Limited
  7.8.1 Company Overview
  7.8.2 Financial Performance
  7.8.3 Product Benchmarking
7.9 Pentokey Organy
  7.9.1 Company Overview
  7.9.2 Financial Performance
  7.9.3 Product Benchmarking
7.10 Ashok Alco Chem Limited
  7.10.1 Company Overview
  7.10.2 Financial Performance
  7.10.3 Product Benchmarking
7.11 Daicel Corporation
  7.11.1 Company Overview
  7.11.2 Financial Performance
  7.11.3 Product Benchmarking
7.12 Dow
  7.12.1 Company Overview
  7.12.2 Financial Performance
  7.12.3 Product Benchmarking
7.13 Dubichem
  7.13.1 Company Overview
  7.13.2 Financial Performance
  7.13.3 Product Benchmarking
7.14 INEOS
  7.14.1 Company Overview
  7.14.2 Financial Performance
  7.14.3 Product Benchmarking
  7.14.4 Strategic Initiatives
LIST OF TABLES

Table 1 Acetic Acid market volume & revenue, by application, 2018 - 2030 (Thousand Tons)
Table 2 Acetic Acid market volume & revenue, by application, 2018 - 2030 (USD Million)
Table 3 North America Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 4 North America Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 5 U.S. Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 6 U.S. Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 7 Canada Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 8 Canada Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 9 Mexico Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 10 Mexico Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 11 Europe Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons) (USD Million)
Table 12 Europe Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 13 Germany Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 14 Germany Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 15 Belgium Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 16 Belgium Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 17 Netherlands Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 18 Netherlands Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 19 Asia Pacific Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 20 Asia Pacific Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 21 China Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 22 China Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 23 India Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 24 India Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 25 Japan Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 26 Japan Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 27 South Korea Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 28 South Korea Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 29 Central & South America Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 30 Central & South America Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 31 Brazil Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 32 Brazil Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 33 Argentina Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 34 Argentina Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 35 Middle East & Africa Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (Thousand Tons)
Table 36 Middle East & Africa Acetic Acid Market Volume & Revenue, By Application 2018 - 2030 (USD Millions)
Table 37 Key company/competition categorization
Table 38 List of Key Raw Material Suppliers
Table 39 List of Manufacturers
Table 40 List of Key Distributors and Channel Partners
Table 41 List of Potential End-users
LIST OF FIGURES

Fig. 1 Acetic Acid Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Acetic Acid Market, Segmental Outlook, 2021 (USD Million)
Fig. 8 Global Acetic Acid Market Volume & Revenue, 2018 - 2030 (Thousand Tons) (USD Million)
Fig. 9 Global Acetic Acid Prices, 2018 - 2030 (USD/Thousand Ton)
Fig. 10 Acetic Acid Market Dynamics
Fig. 11 Market Driver Analysis
Fig. 12 Market Restraint Analysis
Fig. 13 Acetic Acid Market: Porter’s Analysis
Fig. 14 Acetic Acid Market: PESTEL Analysis
Fig. 15 Acetic Acid Market Revenue Share, By Regional, 2021 & 2030 (%)
Fig. 16 Acetic Acid Market Revenue Share, By Regional, 2021 & 2030 (%)
Fig. 17 Strategic Framework


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