Global Acetic Acid Market, By Applications (VAM, PTA, Acetate Esters, Acetic Anhydride, Others), By

Published Date: | Report Code : CH1958424

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The Acetic Acid market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Plastics and Polymers, Food and Beverage, Inks, Paints, and Coatings, Chemicals, Others during the forecast period.

Acetic acid is a colorless liquid that acts as a significant precursor for the manufacturing of multiple chemicals used among others in the textile, rubber and plastic sectors. It functions as an intermediary for the formulation of different coatings, sealants, and greases commonly used in the building, electronics, and packaging industries. The market for acetic acid is expected to demonstrate significant development over the coming years. The increased use of acetate acid in the manufacture of multiple products such as vinyl acetate monomers (VAM) and purified terephthalate acid is expected to increase the size of the market. Acetic acid is commonly used in the production of VAM, which in turn is used in the production of different resins and polymers for adhesives, movies, paints, coatings, textiles and other end-user products.

Growing demand for acetic acid in rubber, plastics, pharmaceutical, construction, painting, and other sectors is driving worldwide market growth in acetic acid. Moreover, growing demand for Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) in the packaging and textile (polyester production) industries is also leading to increased demand for acetic acid. Increasing demand for acetic acid as vinegar due to various health benefits associated with it is also expected to accelerate the growth of global acetic acid market in the forthcoming years. It can also be a chance for the worldwide acetic acid industry to expand fresh separation techniques to enhance manufacturing effectiveness. In addition, as an industrial chemical and chemical reagent, acetic acid is also used to make photographic film cellulose acetate.

Key Factors Impacting Market Growth:

  • Increasing demand for clothes and other packed products

  • Increased petroleum feedstock prices

  • Rapid growth of the textile industry

Regional Analysis:

On the basis of the region, the acetic acid market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in acetic acid market during the forecast period. This demand is with regards to the growth of major end-use industries (Plastics and Polymers, Food and Beverage, Inks, Paints, and Coatings, Chemicals, Others). Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for acetic acid market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for acetic acid market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Mitsubishi Chemical Corporation, Saudi International Petrochemicals, Jiangsu Sopo (Group), Wacker Chemie, Eastman Chemical Company, DuPont, British Petroleum, Celanese Corporation, GNFC Limited, HELM AG, LyondellBasell, Sinopec, Daicel Corporation, PetroChina. 

Market Segmentation:

By Applications:

  • Vinyl Acetate Monomer (VAM)

  • Purified Terephthalic Acid (PTA)

  • Acetate Esters

  • Acetic Anhydride

  • Other Applications

By End-Use Industry:

  • Plastics and Polymers

  • Food and Beverage

  • Inks, Paints, and Coatings

  • Chemicals

  • Other End-User Industries

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Application

    • By End-Use Industry

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Application

    • By End-Use Industry

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Application

    • By End-Use Industry

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Application

    • By End-Use Industry

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Application

    • By End-Use Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Application

    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the acetic acid market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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