Global acetic acid market is expected to reach USD 13.65 by 2021, growing at a CAGR of around 8.5% during 2016 and 2021.
The report covers forecast and analysis for the acetic acid market on a global, regional and country level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on both consumption volumes (Kilo Tons) and revenue (USD billion). The study includes drivers and restraints for the acetic acid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the acetic acid market on a global level.
In order to give the users of this report a comprehensive view on the acetic acid market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the acetic acid market has also been included in the study. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report also provides the company market share analysis with historic analysis. In addition, the report covered the strategic development including acquisitions & mergers, new product launch, agreements, partnerships, collaborations and joint ventures and research and development, product and regional expansion of major participants involved in the market on the global and regional basis. Market Research Store also covers the price trend analysis, product portfolio along with patent analysis (2011-2016) bifurcated into a patent trend, patent share by company and patent analysis according to the region.
The study provides a decisive view on the acetic acid market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Key application segments covered under this study includes VAM, acetic esters, acetic anhydride, PTA and others application. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for acetic acid based on individual applications in all the regions and countries.
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, Petro China, Daicel Corporation, Celanese Corporation and among others.
This report segments the global acetic acid market as follows:
Global Acetic Acid Market: Application Segment Analysis
Global Acetic Acid Market: Regional Segment Analysis
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.
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:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
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.
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:
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.
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.