Press Resease

Acetic Acid Market: Massive Vinegar Demand & Related Health Benefits To Spur Growth

Acetic Acid Market - Global Industry Analysis

Acetic Acid Market By Application (Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Acetate Anhydride): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.

Published Date: 23-May-2021 Category: Chemical & Materials Report Format : PDF Pages: 140 Report Code: ZMR-31 Status : Published

The global acetic acid market accounted for USD 7.41 Billion in 2020 and is expected to reach USD 13.21 Billion by 2028, growing at a CAGR of 8.9% from 2021 to 2028.

Request For Customization Request Free Brochure Request Free Sample Buy Now

Description

Market Overview

The global acetic acid market accounted for USD 7.41 Billion in 2020 and is expected to reach USD 13.21 Billion by 2028, growing at a CAGR of 8.9% from 2021 to 2028.

Acetic acid is a colourless liquid; it can be also called as ethanoic acid, that also projects to be the antecedent to the production of various chemicals which is being used in textile, rubber and plastic industries. Additionally, it acts as an intermediary for the formulation of various coatings, bridging elements, and greases that are widely used in the packaging, construction, and electronics. The rising demand for the acetic acid in the production of various products such as vinyl acetate monomers (VAM) and purified terephthalic acid are all driving factors to enhance the market size in the forecasted period.

The production of acetic acid has witnessed measurable growth owing to the varying end-use industry of acetic acid, as it can be used in manufacture for the purpose of resins for coatings, adhesives, paints, etc. Therefore, the global acetic acid market is expected to be booming. Owing to the reasons for its dynamic usage of acetic acid has also led to an increase in its demand over time in the global market. Many other factors such as population growth, changing markets and favourable government schemes stimulate the growth for the global acetic acid market.

COVID-19 Impact Analysis

The global acetic acid market was negatively impacted by COVID-19 causing a sharp decline in the automotive industry, also due to the temporary lockdown of automotive manufacturing units and different other construction investment projects due to the increasing spread of the deadly virus scenario. Not to forget the decline in the consumption of coatings, adhesives and paints. Therefore, all the above-mentioned factors have created a negative impact on the demand for acetic acid.

Furthermore, the stoppages of work due to various government measures announced by the authorities across the world in order to break the cycle of the spread of the virus and precautionary measures such as quarantines impacted most of the end-user industries who use the acetic acid, such as textiles, food and beverage, and construction, thereby indirectly affecting the growth prospects of the acetic acid market.

Growth Factors

Certain factors like increasing demand for purified terephthalic acid from the textile and packaging industry, rising use of ester solvents for the purposes of paints and coatings, the rising infrastructural investments for the projects across the world, the increasing development of new separation technologies to cause increase in the production efficiency of acetic acid, the very many application of acetic acid in home furnishing and in the production of textiles such as bed sheets and curtains are all the reasons for the increased demand in the global acetic acid market.

Although, increasing usage of acetic acid can be harmful for certain natural elements like animals, and plants, which can be a huge setback for the global acetic acid market in estimated period. Moreover, the difficulty in pricing policies of raw material can also be a limiting factor for the acetic acid market.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Application Type Segment Analysis Preview

On the basis of application type, the market can be divided into Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Ethanol. Vinyl Acetate Monomer also known as VAM held the largest segment and is estimated to exhibit a similar trend in the forecasted time period. Being a primary intermediate element used in the manufacture of several polymers for the purpose of paints, coatings, adhesives, textiles, and other end-use products.

With the increasing demand for these applications across the world, it is anticipated to cause an increase in the total contribution to the segment’s growth by the end of the forecast period. Additionally, factors such as rapid urbanization & industrialization mainly in the Asia Pacific region has led to strong increase in the construction industry which will have an underlying impact on the overall acetic acid market demand during the forecasted period.

Regional Analysis Preview

In regional segmentation, the global coronavirus vaccines market is bifurcated into six key regions, namely, Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa. However, it was noted that Asia-Pacific is the largest consumer of acetic acid in the global acetic acid market. The Asia-Pacific market is predicted to be the largest market for the textile industry, citing reasons such as having a strong industrial base. All the more, India will also record significant growth in the global acetic acid market with reasons like increasing investments, growing population index, accumulative government schemes, and substantial growth in the demand from end-use industries. But North America and Europe are also the major markets for the production of acetic acid.

Key Market Players & Competitive Landscape

Some of the key important market players are Celanese Corporation, INEOS, Jiangsu SOPO (Group) Co. Ltd, Eastman Chemical Company or its subsidiaries, and LyondellBasell Industries Holdings BV, among others.

The global Acetic Acid market is segmented as follows:

By Application Type:

Vinyl Acetate Monomer
Purified Terephthalic Acid
Acetate Ester
Acetate anhydride
Others

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter No. 1 Introduction
- 1.1. Report Description
  - 1.1.1. Purpose of the Report
  - 1.1.2. USP & Key Offerings
- 1.2. Key Benefits for Stakehulders
- 1.3. Target Audience
- 1.4. Report Scope
Chapter No. 2 Executive Summary
- 2.1. Key Findings
  - 2.1.1. Top Investment Pockets
    - 2.1.1.1. Market Attractiveness Analysis, By Application
- 2.2. Market Snapshot
- 2.3. Global Acetic Acid Market, 2016 – 2028 (USD Billion)
- 2.4. Insights from Primary Respondents
Chapter No. 3 COVID 19 Impact Analysis
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
  - 3.1.1. North America
  - 3.1.2. Europe
  - 3.1.3. Asia Pacific
  - 3.1.4. Latin America
  - 3.1.5. The Middle-East and Africa
- 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
- 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
- 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
- 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
  - 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
- 3.6. Short Term Dynamics
- 3.7. Long Term Dynamics
Chapter No. 4 Acetic Acid Market – Application Segment Analysis
- 4.1. Overview
  - 4.1.1. Market Revenue Share, By Application, 2020 & 2028
- 4.2. Vinyl Acetate Monomer
  - 4.2.1. Market Size and Forecast, By Region (USD Billion)
  - 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.2.3. Key Market Trends, Growth Factors, & Opportunities
- 4.3. Purified Terephthalic Acid
  - 4.3.1. Market Size and Forecast, By Region (USD Billion)
  - 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.3.3. Key Market Trends, Growth Factors, & Opportunities
- 4.4. Acetate Ester
  - 4.4.1. Market Size and Forecast, By Region (USD Billion)
  - 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.4.3. Key Market Trends, Growth Factors, & Opportunities
- 4.5. Acetate anhydride
  - 4.5.1. Market Size and Forecast, By Region (USD Billion)
  - 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.5.3. Key Market Trends, Growth Factors, & Opportunities
- 4.6. Others
  - 4.6.1. Market Size and Forecast, By Region (USD Billion)
  - 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.6.3. Key Market Trends, Growth Factors, & Opportunities
Chapter No. 7 Acetic Acid Market – Regional Analysis
- 7.1. Overview
  - 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
  - 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
- 7.2. North America
  - 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 7.2.2. North America Market Revenue, By Application, 2016 – 2028
  - 7.2.5. U.S.
    - 7.2.5.1. U.S. Market Revenue, By Application, 2016 – 2028
  - 7.2.6. Canada
    - 7.2.6.1. Canada Market Revenue, By Application, 2016 – 2028
  - 7.2.7. Mexico
    - 7.2.7.1. Mexico Market Revenue, By Application, 2016 – 2028
- 7.3. Europe
  - 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 7.3.2. Europe Market Revenue, By Application, 2016 – 2028
  - 7.3.5. Germany
    - 7.3.5.1. Germany Market Revenue, By Application, 2016 – 2028
  - 7.3.6. France
    - 7.3.6.1. France Market Revenue, By Application, 2016 – 2028
  - 7.3.7. U.K.
    - 7.3.7.1. U.K. Market Revenue, By Application, 2016 – 2028
  - 7.3.8. Italy
    - 7.3.8.1. Italy Market Revenue, By Application, 2016 – 2028
  - 7.3.9. Spain
    - 7.3.9.1. Spain Market Revenue, By Application, 2016 – 2028
  - 7.3.10. Rest of Europe
    - 7.3.10.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
- 7.4. Asia Pacific
  - 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 7.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
  - 7.4.5. China
    - 7.4.5.1. China Market Revenue, By Application, 2016 – 2028
  - 7.4.6. Japan
    - 7.4.6.1. Japan Market Revenue, By Application, 2016 – 2028
  - 7.4.7. India
    - 7.4.7.1. India Market Revenue, By Application, 2016 – 2028
  - 7.4.8. South Korea
    - 7.4.8.1. South Korea Market Revenue, By Application, 2016 – 2028
  - 7.4.9. South-East Asia
    - 7.4.9.1. South-East Asia Market Revenue, By Application, 2016 – 2028
  - 7.4.10. Rest of Asia Pacific
    - 7.4.10.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
- 7.5. Latin America
  - 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 7.5.2. Latin America Market Revenue, By Application, 2016 – 2028
  - 7.5.5. Brazil
    - 7.5.5.1. Brazil Market Revenue, By Application, 2016 – 2028
  - 7.5.6. Argentina
    - 7.5.6.1. Argentina Market Revenue, By Application, 2016 – 2028
  - 7.5.7. Rest of Latin America
    - 7.5.7.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
- 7.6. The Middle-East and Africa
  - 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 7.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
  - 7.6.5. GCC Countries
    - 7.6.5.1. GCC Countries Market Revenue, By Application, 2016 – 2028
  - 7.6.6. South Africa
    - 7.6.6.1. South Africa Market Revenue, By Application, 2016 – 2028
  - 7.6.7. Rest of Middle-East Africa
    - 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
Chapter No. 8 Acetic Acid Market – Industry Analysis
- 8.1. Introduction
- 8.2. Market Drivers
  - 8.2.1. Driving Factor 1 Analysis
  - 8.2.2. Driving Factor 2 Analysis
- 8.3. Market Restraints
  - 8.3.1. Restraining Factor Analysis
- 8.4. Market Opportunities
  - 8.4.1. Market Opportunity Analysis
- 8.5. Porter’s Five Forces Analysis
- 8.6. PEST Analysis
- 8.7. Regulatory Landscape
- 8.8. Technology Landscape
- 8.9. Regional Market Trends
  - 8.9.1. North America
  - 8.9.2. Europe
  - 8.9.3. Asia Pacific
  - 8.9.4. Latin America
  - 8.9.5. The Middle-East and Africa
- 8.10. Pricing Analysis
- 8.11. Value Chain Analysis
- 8.12. Downstream Buyers
- 8.13. Distributors/Traders List
Chapter No. 9 Competitive Landscape
- 9.1. Company Market Share Analysis – 2019
  - 9.1.1. Global Acetic Acid Market: Company Market Share, 2019
  - 9.1.2. Global Acetic Acid Market, Company Market Revenue, 2016 – 2019 (USD Billion)
  - 9.1.3. Global Acetic Acid Market, Company Y-o-Y Growth, 2017 – 2019 (%)
  - 9.1.4. Global Acetic Acid Market: Radar Determinant Chart, 2019
- 9.2. Strategic Developments
  - 9.2.1. Acquisitions & Mergers
  - 9.2.2. New Product Launch
  - 9.2.3. Regional Expansion
- 9.3. Company Strategic Developments – Heat Map Analysis
Chapter No. 10 Company Profiles
- 10.1. Celanese Corporation
  - 10.1.1. Company Overview
  - 10.1.2. Key Executives
  - 10.1.3. Product Portfolio
  - 10.1.4. Financial Overview
  - 10.1.5. Operating Business Segments
  - 10.1.6. Business Performance
  - 10.1.7. Recent Developments
- 10.2. INEOS
- 10.3. Jiangsu SOPO (Group) Co. Ltd
- 10.4. Eastman Chemical Company
- 10.5. LyondellBasell Industries Huldings BV
Chapter No. 11 Marketing Strategy Analysis
- 11.1. Marketing Channel
- 11.2. Direct Marketing
- 11.3. Indirect Marketing
- 11.4. Marketing Channel Development Trends
- 11.5. Economic/Pulitical Environmental Change
Chapter No. 12 Research Methodology
- 12.1. Research Methodology
- 12.2. Phase I - Secondary Research
- 12.3. Phase II - Data Modeling
  - 12.3.1. Company Share Analysis Model
  - 12.3.2. Revenue Based Modeling
- 12.4. Phase III - Primary Research
- 12.5. Research Limitations
  - 12.5.1. Assumptions

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Fan Size
FIG NO. 3. Market Attractiveness Analysis, By Distribution Channel
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Acetic Acid Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 8. Global Acetic Acid Market for Vinyl Acetate Monomer, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Acetic Acid Market for Vinyl Acetate Monomer, By Country, 2020 & 2028
FIG NO. 10. Global Acetic Acid Market for Purified Terephthalic Acid, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Acetic Acid Market for Purified Terephthalic Acid, By Country, 2020 & 2028
FIG NO. 12. Global Acetic Acid Market for Acetate Ester, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Acetic Acid Market for Acetate Ester, By Country, 2020 & 2028
FIG NO. 14. Global Acetic Acid Market for others, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Acetic Acid Market for others, By Country, 2020 & 2028
FIG NO. 16. Market Revenue Share, By Fan Size, 2020 & 2028
FIG NO. 17. Global Acetic Acid Market for Small, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Acetic Acid Market for Small, By Country, 2020 & 2028
FIG NO. 19. Global Acetic Acid Market for Medium, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Acetic Acid Market for Medium, By Country, 2020 & 2028
FIG NO. 21. Global Acetic Acid Market for Large, Revenue (USD Billion) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Acetic Acid Market for Large, By Country, 2020 & 2028
FIG NO. 23. Market Revenue Share, By Distribution Channel, 2020 & 2028
FIG NO. 24. Global Acetic Acid Market for Stores, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Acetic Acid Market for Stores, By Country, 2020 & 2028
FIG NO. 26. Global Acetic Acid Market for Online, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Acetic Acid Market for Online, By Country, 2020 & 2028
FIG NO. 28. Global Acetic Acid Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Acetic Acid Market for Others, By Country, 2020 & 2028
FIG NO. 30. Global Acetic Acid Market Revenue Share, By Region, 2020 & 2028
FIG NO. 31. North America Acetic Acid Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 32. Porter’s Five Forces Analysis for Global Acetic Acid Market
FIG NO. 33. PEST Analysis for Global Acetic Acid Market
FIG NO. 34. Pricing Analysis for Global Acetic Acid Market
FIG NO. 35. Value Chain Analysis for Global Acetic Acid Market
FIG NO. 36. Company Share Analysis, 2019
FIG NO. 37. Radar Determinant Chart, 2019
FIG NO. 38. Company Strategic Developments – Heat Map Analysis
FIG NO. 39. Emerson Electric Co Business Segment Revenue Share, 2020 (%)
FIG NO. 40. Emerson Electric Co Geographical Segment Revenue Share, 2020 (%)
FIG NO. 41. Market Channels
FIG NO. 42. Marketing Channel Development Trend
FIG NO. 43. Growth in World Gross Product, 2008-2018
FIG NO. 44. Research Methodology – Detailed View
FIG NO. 45. Research Methodology

List of Tables

TABLE NO. 1. Global Acetic Acid Market: Snapshot
TABLE NO. 2. Quarterly Acetic Acid Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Acetic Acid Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Acetic Acid Market for Vinyl Acetate Monomer, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Acetic Acid Market for Purified Terephthalic Acid, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Acetic Acid Market for Acetate Ester, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Acetic Acid Market for others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Acetic Acid Market for Small, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Acetic Acid Market for Medium, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Acetic Acid Market for Large, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Acetic Acid Market for Stores, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Acetic Acid Market for Online, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Acetic Acid Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Acetic Acid Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Acetic Acid Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Acetic Acid Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Acetic Acid Market Revenue, By Fan Size, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Acetic Acid Market Revenue, By Distribution Channel, 2016 – 2028 (USD Billion)
TABLE NO. 21. U.S. Acetic Acid Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 22. U.S. Acetic Acid Market Revenue, By Fan Size, 2016 – 2028 (USD Billion)
TABLE NO. 23. U.S. Acetic Acid Market Revenue, By Distribution Channel, 2016 – 2028 (USD Billion)
TABLE NO. 24. Canada Acetic Acid Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 25. Canada Acetic Acid Market Revenue, By Fan Size, 2016 – 2028 (USD Billion)
TABLE NO. 26. Canada Acetic Acid Market Revenue, By Distribution Channel, 2016 – 2028 (USD Billion)
TABLE NO. 27. Mexico Acetic Acid Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 28. Mexico Acetic Acid Market Revenue, By Fan Size, 2016 – 2028 (USD Billion)
TABLE NO. 29. Mexico Acetic Acid Market Revenue, By Distribution Channel, 2016 – 2028 (USD Billion)
TABLE NO. 30. Drivers for the Acetic Acid Market: Impact Analysis
TABLE NO. 31. Restraints for the Acetic Acid Market: Impact Analysis
TABLE NO. 32. Major Buyers of Acetic Acid
TABLE NO. 33. Distributors/Traders List of Acetic Acid
TABLE NO. 34. Global Acetic Acid Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 35. Global Acetic Acid Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Acetic Acid market. Zion Research has collected and analyzed key data belong to the global Acetic Acid market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Acetic Acid across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Acetic Acid industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Acetic Acid market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split by segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.

Free Analysis

Acetic acid also known as ethanoic acid is a colorless liquid. Acetic acid has a distinctive sour taste and strong pungent smell. Acetic acid is commonly known as vinegar, which is dilute acetic acid. It is traditionally used for pickling of vegetables and as a food preservative. Acetic acid is an important chemical reagent and industrial chemical.

The market growth of global acetic acid market has been accelerated by rising demand for vinegar owing to numerous health benefits associated with it. Increasing consumption of PTA in the textile industry for polyester manufacturing coupled with increasing demand of VAM which is used as a precursor is expected to propel the growth of the acetic acid market in coming years. Furthermore, growing textile & packaging industry is expected to fuel the growth of the acetic acid market. In addition,being a chemical reagent and industrial chemical,it is used in the production of cellulose acetate for photographic film, while polyvinyl acetate for synthetic fibers and fabrics.However, volatile prices of methanol and mature market of acetic anhydride may restrict the growth of the market.Nonetheless,increasing demand for industrial application is likely to open growth opportunities for the market in the near future.

Acetic Acid Market

Based on application, PTA(Purified Terephthalic Acid), acetate esters,acetic anhydride,VAM (Vinyl Acetate Monomer) and other are the major application of acetic acid.Vinyl acetate monomer (VAM) was the largest application segment for the market accounting for more than 30% of global acetic acid consumption in 2015.The growth of VAM is driven by usage of VAM in sealants and adhesive industry. Ester solvent is the 2nd largest application area in term of consumption. However, PTA is projected to witness the fastest growth due to an increasing demand for polyester from the textile and packaging industries.

Based on Geography,Asia Pacific is the biggest consumer of acetic acid due to the emergence of manufacturing hubs in China, India, and other Asian countries.China holds the largest share in term of production.The demand for acetic acid in China market is anticipated to grow at a CAGR of 5.5% in term of consumption.The European and North American markets are comparatively below average growth due to maturity of the market.

Some of the key players include in the acetic acid market such asEastman Chemical Company, Jiangsu Sopo Co. Ltd, Kingboard Chemical Holdings Ltd, LyondellBasell Industries N.V., BP Plc, SABIC, Sasol, PetroChina, Daicel Corporation, Celanese Corporation and among others.

Choose License Type

Single User License

$4199.00 Multi User License

$5199.00 Enterprise Access License

$7199.00

Request the coronavirus impact analysis across industries and markets

Request impact analysis
on this market

FrequentlyAsked Questions

What was the value of global Acetic Acid market in 2020?

The global Acetic Acid market was valued at USD 7.41 Billion in 2020.

What will be the size of the global Acetic Acid market in 2028?

The global Acetic Acid market is expected to reach USD 13.21 Billion by 2028, growing at a CAGR of 8.9% between 2021 to 2028.

What are the key factors driving the Global Acetic Acid market’s growth?

Which region will make notable contributions in the Global Acetic Acid Market?

In regional segmentation, the global coronavirus vaccines market is bifurcated into six key regions, namely, Europe, North America, Latin America, Asia Pacific, the Middle East, and Africa. However, it was noted that Asia-Pacific is the largest consumer of acetic acid in the global acetic acid market. The Asia-Pacific market is predicted to be the largest market for the textile industry, citing reasons such as having a strong industrial base. All the more, India will also record significant growth in the global acetic acid market with reasons like increasing investments, growing population index, accumulative government schemes, substantial growth in the demand from end-use industries. But North America and Europe are also the major markets for the production of acetic acid.