MARKET OVERVIEW
Acetic acid is a clear, colorless liquid with a strong sour taste and pungent smell at room temperature. It dissolves in water, organic solvents like ethanol, diethyl ether, carbon tetrachloride and glycerol. Acetic acid is flammable. Synthetic fabrics, adhesives, medicines, insecticides, and fuels are all made by using acetic acid. Acetic acid is an excellent organic solvent that is used to make vinyl acetate monomer (VAM), acetic anhydride, acetate esters, and cellulose acetate.
MARKET SCOPE
The "Global Acetic Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acetic acid market with detailed market segmentation by application, and geography. The report provides key statistics on the market status of the acetic acid market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acetic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acetic acid in these regions.
IMPACT OF COVID-19 ON ACETIC ACID MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
By Application
MARKET PLAYERS
The report covers key developments in the acetic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acetic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for acetic acid in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acetic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Sipchem
Mitsubishi Chemical Corporation
Eastman Chemical Company
LyondellBasell Industries Holdings B.V.
BP plc
Gujarat Narmada Valley Fertilizers and Chemicals Limited
DAICEL CORPORATION
Celanese Corporation
HELM AG
Pentokey Organy India Ltd
Yankuang Group
Jiangsu SOPO (Group) Co., Ltd.
Kingboard Holdings Limited
Kanoria Chemicals and Industries Ltd
Hydrite Chemica
Pon Pure Chemicals Group
INEOS
Ottokemi
Merck KGaA
The Chemical Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Acetic acid is a clear, colorless liquid with a strong sour taste and pungent smell at room temperature. It dissolves in water, organic solvents like ethanol, diethyl ether, carbon tetrachloride and glycerol. Acetic acid is flammable. Synthetic fabrics, adhesives, medicines, insecticides, and fuels are all made by using acetic acid. Acetic acid is an excellent organic solvent that is used to make vinyl acetate monomer (VAM), acetic anhydride, acetate esters, and cellulose acetate.
MARKET SCOPE
The "Global Acetic Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acetic acid market with detailed market segmentation by application, and geography. The report provides key statistics on the market status of the acetic acid market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on application , the market is bifurcated into Vinyl acetate monomer (VAM), Purified Terephthalic Acid (PTA), acetate esters, acetic anhydride, and others
MARKET DYNAMICS
Drivers:
- Rising demand for the production of Vinyl Acetate Monomer and acetic anhydride drives the market growth.
- Increasing demand from industries like pharmaceutical, textiles, food processing, fertilizer etc.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acetic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acetic acid in these regions.
IMPACT OF COVID-19 ON ACETIC ACID MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
Acetic Acid Market Report Analysis
Acetic Acid Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Sipchem
- Mitsubishi Chemical Corporation
- Eastman Chemical Company
- LyondellBasell Industries Holdings B.V.
- BP plc
- Gujarat Narmada Valley Fertilizers and Chemicals Limited
- DAICEL CORPORATION
- Celanese Corporation
- HELM AG
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Application
- Vinyl acetate monomer
- Purified Terephthalic Acid
- Acetate Esters
- Acetic Anhydride
The report covers key developments in the acetic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acetic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for acetic acid in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acetic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Acetic Acid Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies
1. Sipchem
2. Mitsubishi Chemical Corporation
3. Eastman Chemical Company
4. LyondellBasell Industries Holdings B.V.
5. BP plc
6. Gujarat Narmada Valley Fertilizers and Chemicals Limited
7. DAICEL CORPORATION
8. Celanese Corporation
9. HELM AG
10. Pentokey Organy India Ltd
11. Yankuang Group
12. Jiangsu SOPO (Group) Co., Ltd.
13. Kingboard Holdings Limited
14. Kanoria Chemicals and Industries Ltd
15. Hydrite Chemica
16. Pon Pure Chemicals Group
17. INEOS
18. Ottokemi
19. Merck KGaA
20.The Chemical Company
1. Sipchem
2. Mitsubishi Chemical Corporation
3. Eastman Chemical Company
4. LyondellBasell Industries Holdings B.V.
5. BP plc
6. Gujarat Narmada Valley Fertilizers and Chemicals Limited
7. DAICEL CORPORATION
8. Celanese Corporation
9. HELM AG
10. Pentokey Organy India Ltd
11. Yankuang Group
12. Jiangsu SOPO (Group) Co., Ltd.
13. Kingboard Holdings Limited
14. Kanoria Chemicals and Industries Ltd
15. Hydrite Chemica
16. Pon Pure Chemicals Group
17. INEOS
18. Ottokemi
19. Merck KGaA
20.The Chemical Company
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