Acetic Acid Market Key Findings by 2031
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.
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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.
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.
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Acetic Acid Market - By Application
1.3.2 Acetic Acid Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ACETIC ACID MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ACETIC ACID MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ACETIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. ACETIC ACID - GLOBAL MARKET OVERVIEW
6.2. ACETIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ACETIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. VINYL ACETATE MONOMER (VAM)
7.3.1. Overview
7.3.2. Vinyl acetate monomer (VAM) Market Forecast and Analysis
7.4. PURIFIED TEREPHTHALIC ACID (PTA)
7.4.1. Overview
7.4.2. Purified Terephthalic Acid (PTA) Market Forecast and Analysis
7.5. ACETATE ESTERS
7.5.1. Overview
7.5.2. Acetate Esters Market Forecast and Analysis
7.6. ACETIC ANHYDRIDE
7.6.1. Overview
7.6.2. Acetic Anhydride Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ACETIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Acetic Acid Market Overview
8.1.2 North America Acetic Acid Market Forecasts and Analysis
8.1.3 North America Acetic Acid Market Forecasts and Analysis - By Application
8.1.4 North America Acetic Acid Market Forecasts and Analysis - By Countries
8.1.4.1 United States Acetic Acid Market
8.1.4.1.1 United States Acetic Acid Market by Application
8.1.4.2 Canada Acetic Acid Market
8.1.4.2.1 Canada Acetic Acid Market by Application
8.1.4.3 Mexico Acetic Acid Market
8.1.4.3.1 Mexico Acetic Acid Market by Application
8.2. EUROPE
8.2.1 Europe Acetic Acid Market Overview
8.2.2 Europe Acetic Acid Market Forecasts and Analysis
8.2.3 Europe Acetic Acid Market Forecasts and Analysis - By Application
8.2.4 Europe Acetic Acid Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Acetic Acid Market
8.2.4.1.1 Germany Acetic Acid Market by Application
8.2.4.2 France Acetic Acid Market
8.2.4.2.1 France Acetic Acid Market by Application
8.2.4.3 Italy Acetic Acid Market
8.2.4.3.1 Italy Acetic Acid Market by Application
8.2.4.4 United Kingdom Acetic Acid Market
8.2.4.4.1 United Kingdom Acetic Acid Market by Application
8.2.4.5 Russia Acetic Acid Market
8.2.4.5.1 Russia Acetic Acid Market by Application
8.2.4.6 Rest of Europe Acetic Acid Market
8.2.4.6.1 Rest of Europe Acetic Acid Market by Application
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Acetic Acid Market Overview
8.3.2 Asia-Pacific Acetic Acid Market Forecasts and Analysis
8.3.3 Asia-Pacific Acetic Acid Market Forecasts and Analysis - By Application
8.3.4 Asia-Pacific Acetic Acid Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Acetic Acid Market
8.3.4.1.1 Australia Acetic Acid Market by Application
8.3.4.2 China Acetic Acid Market
8.3.4.2.1 China Acetic Acid Market by Application
8.3.4.3 India Acetic Acid Market
8.3.4.3.1 India Acetic Acid Market by Application
8.3.4.4 Japan Acetic Acid Market
8.3.4.4.1 Japan Acetic Acid Market by Application
8.3.4.5 South Korea Acetic Acid Market
8.3.4.5.1 South Korea Acetic Acid Market by Application
8.3.4.6 Rest of Asia-Pacific Acetic Acid Market
8.3.4.6.1 Rest of Asia-Pacific Acetic Acid Market by Application
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Acetic Acid Market Overview
8.4.2 Middle East and Africa Acetic Acid Market Forecasts and Analysis
8.4.3 Middle East and Africa Acetic Acid Market Forecasts and Analysis - By Application
8.4.4 Middle East and Africa Acetic Acid Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Acetic Acid Market
8.4.4.1.1 South Africa Acetic Acid Market by Application
8.4.4.2 Saudi Arabia Acetic Acid Market
8.4.4.2.1 Saudi Arabia Acetic Acid Market by Application
8.4.4.3 U.A.E Acetic Acid Market
8.4.4.3.1 U.A.E Acetic Acid Market by Application
8.4.4.4 Rest of Middle East and Africa Acetic Acid Market
8.4.4.4.1 Rest of Middle East and Africa Acetic Acid Market by Application
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Acetic Acid Market Overview
8.5.2 South and Central America Acetic Acid Market Forecasts and Analysis
8.5.3 South and Central America Acetic Acid Market Forecasts and Analysis - By Application
8.5.4 South and Central America Acetic Acid Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Acetic Acid Market
8.5.4.1.1 Brazil Acetic Acid Market by Application
8.5.4.2 Argentina Acetic Acid Market
8.5.4.2.1 Argentina Acetic Acid Market by Application
8.5.4.3 Rest of South and Central America Acetic Acid Market
8.5.4.3.1 Rest of South and Central America Acetic Acid Market by Application
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. ACETIC ACID MARKET, KEY COMPANY PROFILES
10.1. SIPCHEM
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. MITSUBISHI CHEMICAL CORPORATION
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. EASTMAN CHEMICAL COMPANY
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. BP PLC
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. GUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. DAICEL CORPORATION
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. CELANESE CORPORATION
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. HELM AG
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. PENTOKEY ORGANY INDIA LTD
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
10.11. YANKUANG GROUP
10.11.1. Key Facts
10.11.2. Business Description
10.11.3. Products and Services
10.11.4. Financial Overview
10.11.5. SWOT Analysis
10.11.6. Key Developments
10.12. JIANGSU SOPO (GROUP) CO., LTD.
10.12.1. Key Facts
10.12.2. Business Description
10.12.3. Products and Services
10.12.4. Financial Overview
10.12.5. SWOT Analysis
10.12.6. Key Developments
10.13. KINGBOARD HOLDINGS LIMITED
10.13.1. Key Facts
10.13.2. Business Description
10.13.3. Products and Services
10.13.4. Financial Overview
10.13.5. SWOT Analysis
10.13.6. Key Developments
10.14. KANORIA CHEMICALS AND INDUSTRIES LTD
10.14.1. Key Facts
10.14.2. Business Description
10.14.3. Products and Services
10.14.4. Financial Overview
10.14.5. SWOT Analysis
10.14.6. Key Developments
10.15. HYDRITE CHEMICA
10.15.1. Key Facts
10.15.2. Business Description
10.15.3. Products and Services
10.15.4. Financial Overview
10.15.5. SWOT Analysis
10.15.6. Key Developments
10.16. PON PURE CHEMICALS GROUP
10.16.1. Key Facts
10.16.2. Business Description
10.16.3. Products and Services
10.16.4. Financial Overview
10.16.5. SWOT Analysis
10.16.6. Key Developments
10.17. INEOS
10.17.1. Key Facts
10.17.2. Business Description
10.17.3. Products and Services
10.17.4. Financial Overview
10.17.5. SWOT Analysis
10.17.6. Key Developments
10.18. OTTOKEMI
10.18.1. Key Facts
10.18.2. Business Description
10.18.3. Products and Services
10.18.4. Financial Overview
10.18.5. SWOT Analysis
10.18.6. Key Developments
10.19. MERCK KGAA
10.19.1. Key Facts
10.19.2. Business Description
10.19.3. Products and Services
10.19.4. Financial Overview
10.19.5. SWOT Analysis
10.19.6. Key Developments
10.20. THE CHEMICAL COMPANY
10.20.1. Key Facts
10.20.2. Business Description
10.20.3. Products and Services
10.20.4. Financial Overview
10.20.5. SWOT Analysis
10.20.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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