Acetic Acid

The acetic acid market, in terms of value, is projected to grow at a CAGR of 6.2% from 2019 to 2026, and market to reach USD 16.4 billion by 2026.

The report provides analysis of global acetic acid market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Ethanoic acid or acetic acid is manufactured mainly in liquid shape, is colorless and has a powerful, unique and pungent aroma. Most acetic acid is generated by methanol carbonylation response, where carbon dioxide and methanol combine as a final product to produce acetic acid. Acetic acid is an antifungal and antibacterial synthetic carboxylic acid. A wide area of application of acetic acid in agriculture, paper, chemical and water treatment industries is expected to accelerate the demand for acetic acid during the forecast period and thus drive the growth of the market for acetic acid.

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As the population worldwide grows, demand for clothing and other packaged products is increasing, which in turn drives the development of the packaging and textile sectors using PTA, thus adding to the development of the general acetic acid industry during the forecast period. Acetic acid is also used as an industrial chemical and chemical reagent used to generate cellulose acetate for film movies, combined with polyvinyl acetate used in the manufacturing of synthetic fabrics and fibers, thus increasing acetic acid usage during the forecast period. Acetic Esters consumption projected to rise, which is anticipated to cause market growth across the glove during the forecast period.

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Reduced output at low temperatures, poor crystal compatibility, and hair rash and metal corrosion are variables anticipated to hamper acetic acid market growth during the prediction era. Vinyl acetate monomer (VAM) is anticipated to boost the acetic acid industry as a significant contributor to VAM manufacturing. Demand for vinyl alcohols and polyvinyl acetates is also increasing, pushing the acetic acid industry growth.  VAM is also used to produce polymer for coatings and adhesives to boost acetic acid usage. Acetic acid is also used as a preservative in the food industry and in family products. High demand for acetic acid in the manufacturing and food industry of VAM & TPA would thus boost business development in acetic acid. However, environmental concerns such as non-biodegradability and emission into the atmosphere of damaging components such as aerosols can limit the development of acetic acid in VAM and TPA manufacturing.

Growing demand for acetic acid in rubber, plastics, pharmaceutical, building, paint and other sectors is pushing worldwide acetic acid business development. Increasing demand for Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) in the packaging and fabric industries (polyester production) also leads to increased demand for acetic acid. Increasing demand for acetic acid as vinegar owing to multiple related health advantages is also anticipated to boost the development of the worldwide acetic acid industry during the forecast period.

Acetic acid business growth is relatively small in some areas, but the industry is already maturing in those areas.  High acetic acid concentration can be detrimental to aquatic life, livestock, and crops, which in the forecast period can be a constraint to the worldwide acetic acid industry. Also, volatile raw material prices like methanol can be a limiting factor for the acetic acid industry. Chinese industry will proceed to drive acetic acid growth. The biggest end-use in China is PTA, followed by VAM and ethyl acetate. Overall, Chinese acetic acid usage will expand heavily during the forecast period, driven by ongoing powerful PTA supply. Consumption on the Indian Subcontinent will also improve sharply over the forecast period. PTA leads consumption in this region, followed tightly by ethyl acetate.

Key Players & Strategies

Some vital players in the acetic acid market includes Mitsubishi Chemical Corporation, Jiangsu Sopo (Group), Sinopec, GNFC Limited, Saudi International Petrochemicals, Daicel Corporation, DuPont, British Petroleum, LyondellBasell, Wacker Chemie, Celanese Corporation, HELM AG, Eastman Chemical Company and PetroChina.

Market Segmentation

Market, by Manufacturing Process

  • Synthetic route
    • Methanol carbonylation
    • Terephthalic/isophthalic acid coproduct
    • Paraffin oxidation
    • Oxidation of hydrocarbons
    • Olefin oxidation
  • Biological route

Market, by Application

  • Vinyl acetate monomer
  • Monochloroacetic
  • Acetic anhydride
  • Terephthalic acid
  • Acetate esters
  • Dimethylacetamide
  • Ketene
  • Textiles
  • Others

Market, by Geography

  • North America.
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Acetic Acid Market Size, Share & Trends Analysis Report By Manufacturing Process, Application, By Region – Global Industry Size, Share, Trends and Forecast 2019 – 2026” offers detailed insights on global acetic acid market segments with market dynamics and their impact. The report also covers basic technology development policies.

The study provides a extensive industry assessment. This is done through in-depth qualitative observations, historical information and verifiable business size estimates. The predictions in the study were obtained from well-established study methodologies and expectations. This study document acts as an assessment and data resource for every aspect of the industry including, but not restricted to, regional economies, technology, kinds and apps.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Acetic Acid
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Acetic Acid Market By Manufacturing Process
1.2.2.1. Global Acetic Acid Market Revenue and Growth Rate Comparison By Manufacturing Process (2015-2026)
1.2.2.2. Global Acetic Acid Market Revenue Share By Manufacturing Process in 2018
1.2.2.3. Synthetic route
1.2.2.3.1. Methanol carbonylation
1.2.2.3.2. Terephthalic/isophthalic acid coproduct
1.2.2.3.3. Paraffin oxidation
1.2.2.3.4. Oxidation of hydrocarbons
1.2.2.3.5. Olefin oxidation
1.2.2.4. Biological route
1.2.2.5. Others
1.2.3. Acetic Acid Market By Application
1.2.3.1. Global Acetic Acid Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Global Acetic Acid Market Revenue Share By Application in 2018
1.2.3.3. Vinyl acetate monomer
1.2.3.4. Monochloroacetic
1.2.3.5. Acetic anhydride
1.2.3.6. Terephthalic acid
1.2.3.7. Acetate esters
1.2.3.8. Dimethylacetamide
1.2.3.9. Ketene
1.2.3.10. Textiles
1.2.3.11. Others
1.2.4. Acetic Acid Market by Geography
1.2.4.1. Global Acetic Acid Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.4.2. North America Acetic Acid Market Revenue and Growth Rate (2015-2026)
1.2.4.3. Europe Acetic Acid Market Revenue and Growth Rate (2015-2026)
1.2.4.4. Asia-Pacific Acetic Acid Market Revenue and Growth Rate (2015-2026)
1.2.4.5. Latin America Acetic Acid Market Revenue and Growth Rate (2015-2026)
1.2.4.6. Middle East and Africa (MEA) Acetic Acid Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Acetic Acid Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Acetic Acid Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Acetic Acid Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Acetic Acid Major Manufacturers in 2018

CHAPTER 4. ACETIC ACID MARKET BY MANUFACTURING PROCESS
4.1. Global Acetic Acid Revenue By Manufacturing Process
4.2. Synthetic route
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.2.3. Methanol carbonylation
4.2.4. Terephthalic/isophthalic acid coproduct
4.2.5. Paraffin oxidation
4.2.6. Oxidation of hydrocarbons
4.2.7. Olefin oxidation
4.3. Biological route
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Others
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. ACETIC ACID MARKET BY APPLICATION
5.1. Global Acetic Acid Revenue By Application
5.2. Vinyl acetate monomer
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Monochloroacetic
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Acetic anhydride
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.5. Terephthalic acid
5.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.6. Acetate esters
5.6.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.7. Dimethylacetamide
5.7.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.8. Ketene
5.8.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.9. Textiles
5.9.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.10. Others
5.10.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.10.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. NORTH AMERICA ACETIC ACID MARKET BY COUNTRY
6.1. North America Acetic Acid Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2. North America Acetic Acid Market Revenue Share Comparison, 2015 & 2026 (%)
6.3. U.S.
6.3.1. U.S. Acetic Acid Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 7. EUROPE ACETIC ACID MARKET BY COUNTRY
7.1. Europe Acetic Acid Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. Europe Acetic Acid Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 8. ASIA-PACIFIC ACETIC ACID MARKET BY COUNTRY
8.1. Asia-Pacific Acetic Acid Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Asia-Pacific Acetic Acid Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 9. LATIN AMERICA ACETIC ACID MARKET BY COUNTRY
9.1. Latin America Acetic Acid Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Latin America Acetic Acid Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 10. MIDDLE EAST ACETIC ACID MARKET BY COUNTRY
10.1. Middle East Acetic Acid Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Middle East Acetic Acid Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Saudi Arabia
10.3.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.4. UAE
10.4.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.5. Rest of Middle East
10.5.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 11. AFRICA ACETIC ACID MARKET BY COUNTRY
11.1. Africa Acetic Acid Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Africa Acetic Acid Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. South Africa
11.3.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.4. Egypt
11.4.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.5. Rest of Africa
11.5.1. Market Revenue and Forecast By Manufacturing Process, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 12. COMPANY PROFILE
12.1. Mitsubishi Chemical Corporation
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Jiangsu Sopo (Group)
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Sinopec
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. GNFC Limited
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Saudi International Petrochemicals
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Daicel Corporation
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. DuPont
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. British Petroleum
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. LyondellBasell
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Wacker Chemie
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Celanese Corporation
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies
12.12. HELM AG
12.12.1. Company Snapshot
12.12.2. Overview
12.12.3. Financial Overview
12.12.4. Product Portfolio
12.12.5. Key Developments
12.12.6. Strategies
12.13. Eastman Chemical Company
12.13.1. Company Snapshot
12.13.2. Overview
12.13.3. Financial Overview
12.13.4. Product Portfolio
12.13.5. Key Developments
12.13.6. Strategies
12.14. PetroChina
12.14.1. Company Snapshot
12.14.2. Overview
12.14.3. Financial Overview
12.14.4. Product Portfolio
12.14.5. Key Developments
12.14.6. Strategies
12.15. Others
12.15.1. Company Snapshot
12.15.2. Overview
12.15.3. Financial Overview
12.15.4. Product Portfolio
12.15.5. Key Developments
12.15.6. Strategies

CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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