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Global Glacial Acetic Acid Market Size Study, by Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), by End-Use (Food Additives, Solvents, Photographic Chemicals, Paints and Coatings, Textiles, Cosmetics, Pharmaceutical Intermediates) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: GEEB22936E1DEN
Bizwit Research & Consulting LLP

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The Global Glacial Acetic Acid Market is valued approximately at USD 8.26 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2024-2034. Glacial acetic acid, a crucial component in various industrial applications, plays an integral role in the production of purified terephthalic acid (PTA) for textiles and packaging. This acid is also indispensable as a solvent in numerous chemical processes, presenting an opportunity for sustainable growth in the market. Research and development activities are being heavily invested in by companies aiming to optimize production procedures, lower costs, and enhance the competitiveness of domestic production.

Manufacturers are increasingly exploring innovative and environmentally friendly feedstock options to minimize reliance on traditional methods, thereby reducing the environmental impact. The demand for high-purity glacial acetic acid is projected to surge in the electronics and pharmaceutical sectors. Governments globally are imposing stringent environmental laws while offering incentives for bio-based acetic acid production. The rising consumer awareness of environmental issues is influencing purchasing decisions, favoring companies that can demonstrate sustainable practices. The adoption of a circular economy strategy is gaining momentum in the glacial acetic acid sector, aimed at reducing waste and environmental footprint. This involves using fewer virgin resources, recycling waste acetic acid or byproducts into useful materials, and reusing acetic acid after its initial use. Despite its benefits, the sector faces challenges in creating reliable infrastructure and logistics for collecting and transporting used acetic acid. Governments, academic institutions, and industry leaders must collaborate to develop and implement effective circular economy plans.

The key regions considered for the Global Glacial Acetic Acid Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Glacial Acetic Acid Market in terms of revenue. The growth of the Glacial Acetic Acid market in North America is driven by several key factors. These include increasing demand from industries such as chemicals, pharmaceuticals, and textiles, which rely on acetic acid as a crucial raw material. Additionally, technological advancements in production processes and a robust infrastructure for chemical manufacturing contribute significantly. Moreover, stringent regulations favouring environmentally sustainable practices further bolster market growth by encouraging the adoption of high-purity and eco-friendly acetic acid products. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period.

Major market players included in this report are:

BASF SE

Eastman Chemical Company

Celanese Corporation

Hawkins, Inc.

Sinopec

Reliance Industries Ltd.

Spectrum Chemical Mfg. Corp.

MP Biomedicals

Jubilant Life Sciences

KH Chemicals

The detailed segments and sub-segment of the market are explained below:

By Grade:
  • Food Grade
  • Industrial Grade
  • Pharmaceutical Grade
By End-Use:
  • Food Additives
  • Solvents
  • Photographic Chemicals
  • Paints and Coatings
  • Textiles
  • Cosmetics
  • Pharmaceutical Intermediates
Common content for Report Description:

By Region:
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA
Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2023
  • Forecast period – 2024 to 2032
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL GLACIAL ACETIC ACID MARKET EXECUTIVE SUMMARY

1.1. Global Glacial Acetic Acid Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Grade
  1.3.2. By End-Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL GLACIAL ACETIC ACID MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL GLACIAL ACETIC ACID MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Continuous Growth of the Chemical Sector
  3.1.2. Demand in Electronics and Pharmaceutical Sectors
  3.1.3. Increasing Adoption of Bioplastics
3.2. Market Challenges
  3.2.1. Price Volatility
  3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
  3.3.1. Potential as a Sustainable Solvent
  3.3.2. Circular Economy Strategies
  3.3.3. Regional Adaptation for Market Penetration

CHAPTER 4. GLOBAL GLACIAL ACETIC ACID MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL GLACIAL ACETIC ACID MARKET SIZE & FORECASTS BY GRADE 2022-2032

5.1. Segment Dashboard
5.2. Global Glacial Acetic Acid Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Food Grade
  5.2.2. Industrial Grade
  5.2.3. Pharmaceutical Grade

CHAPTER 6. GLOBAL GLACIAL ACETIC ACID MARKET SIZE & FORECASTS BY END-USE 2022-2032

6.1. Segment Dashboard
6.2. Global Glacial Acetic Acid Market: End-Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Food Additives
  6.2.2. Solvents
  6.2.3. Photographic Chemicals
  6.2.4. Paints and Coatings
  6.2.5. Textiles
  6.2.6. Cosmetics
  6.2.7. Pharmaceutical Intermediates

CHAPTER 7. GLOBAL GLACIAL ACETIC ACID MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Glacial Acetic Acid Market
  7.1.1. U.S. Glacial Acetic Acid Market
    7.1.1.1. Grade breakdown size & forecasts, 2022-2032
    7.1.1.2. End-Use breakdown size & forecasts, 2022-2032
  7.1.2. Canada Glacial Acetic Acid Market
7.2. Europe Glacial Acetic Acid Market
  7.2.1. U.K. Glacial Acetic Acid Market
  7.2.2. Germany Glacial Acetic Acid Market
  7.2.3. France Glacial Acetic Acid Market
  7.2.4. Spain Glacial Acetic Acid Market
  7.2.5. Italy Glacial Acetic Acid Market
  7.2.6. Rest of Europe Glacial Acetic Acid Market
7.3. Asia-Pacific Glacial Acetic Acid Market
  7.3.1. China Glacial Acetic Acid Market
  7.3.2. India Glacial Acetic Acid Market
  7.3.3. Japan Glacial Acetic Acid Market
  7.3.4. Australia Glacial Acetic Acid Market
  7.3.5. South Korea Glacial Acetic Acid Market
  7.3.6. Rest of Asia Pacific Glacial Acetic Acid Market
7.4. Latin America Glacial Acetic Acid Market
  7.4.1. Brazil Glacial Acetic Acid Market
  7.4.2. Mexico Glacial Acetic Acid Market
  7.4.3. Rest of Latin America Glacial Acetic Acid Market
7.5. Middle East & Africa Glacial Acetic Acid Market
  7.5.1. Saudi Arabia Glacial Acetic Acid Market
  7.5.2. South Africa Glacial Acetic Acid Market
  7.5.3. Rest of Middle East & Africa Glacial Acetic Acid Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. BASF SE
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Eastman Chemical Company
  8.3.3. Celanese Corporation
  8.3.4. Hawkins, Inc.
  8.3.5. Sinopec
  8.3.6. Reliance Industries Ltd.
  8.3.7. Spectrum Chemical Mfg. Corp.
  8.3.8. MP Biomedicals
  8.3.9. Jubilant Life Sciences
  8.3.10. KH Chemicals

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Glacial Acetic Acid market, report scope
TABLE 2. Global Glacial Acetic Acid market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Glacial Acetic Acid market estimates & forecasts by Grade 2022-2032 (USD Billion)
TABLE 4. Global Glacial Acetic Acid market estimates & forecasts by End-Use 2022-2032 (USD Billion)
TABLE 5. Global Glacial Acetic Acid market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Glacial Acetic Acid market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Glacial Acetic Acid market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Glacial Acetic Acid market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Glacial Acetic Acid market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Glacial Acetic Acid market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Glacial Acetic Acid market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Glacial Acetic Acid market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Glacial Acetic Acid market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Glacial Acetic Acid market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Glacial Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Glacial Acetic Acid market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Glacial Acetic Acid market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Glacial Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Glacial Acetic Acid market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Glacial Acetic Acid market estimates & forecasts by segment 2022-2032
.....
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Glacial Acetic Acid market, research methodology
FIG 2. Global Glacial Acetic Acid market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Glacial Acetic Acid market, key trends 2023
FIG 5. Global Glacial Acetic Acid market, growth prospects 2022-2032
FIG 6. Global Glacial Acetic Acid market, porters 5 force model
FIG 7. Global Glacial Acetic Acid market, PESTEL analysis
FIG 8. Global Glacial Acetic Acid market, value chain analysis
FIG 9. Global Glacial Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Glacial Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Glacial Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Glacial Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Glacial Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Glacial Acetic Acid market, regional snapshot 2022 & 2032
FIG 15. North America Glacial Acetic Acid market 2022 & 2032 (USD Billion)
FIG 16. Europe Glacial Acetic Acid market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific Glacial Acetic Acid market 2022 & 2032 (USD Billion)
FIG 18. Latin America Glacial Acetic Acid market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Glacial Acetic Acid market 2022 & 2032 (USD Billion)
FIG 20. Global Glacial Acetic Acid market, company market share analysis (2023)
.....
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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