Acetic Acid Market: Global Industry Size, Growth, Share and Forecast to 2025

Published By: Brisk Insights | Published On: Jun 9, 2017

Key Findings

The Global Acetic Acid Market has been projected to grow at the CAGR of 5.25% market during 2017-2025. In 2016, the market has generated the revenue of $ 5.75 billion and is expected to reach $ 7.78 billion in terms of revenue by 2025.

 

Acetic acid, also known as ethanoic acid, is a synthetic carboxylic acid with antibacterial and antifungal properties. The chemical is used in a variety of applications that include agricultural chemicals, pigments, and paint adhesives, as solvents, plasticizers, corrosion inhibitors, adhesive chemicals, paper products, water treatment products and others.

 

Market Segment Insights

The application segments covered in the study include vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters and acetic anhydride and others. Vinyl acetate monomer is the largest application segment for acetic acid. It accounted for 33% share of the market in 2016 in terms of volume and revenue. The market is mainly driven by huge demand of VAM from adhesive and sealant industry. Acetate Esters segment is projected to be the highest growth segment of the market, which is primarily driven by the growing demand from coatings industry. Subsequently, the budding textile and packaging industry is pushing the demand for PTA, which in turn is driving the demand for acetic acid at a notable pace.

 

Regional Insights

Globally, Asia-Pacific is the largest market and all of its downstream derivatives, which consumed more than 60% of the overall global consumption in 2016. In Asia Pacific, China accounts for more than 35% share of the market. The country consumed maximum volume of this product in 2016. The market volume of acetic acid and its various byproducts is relatively low in the ROW region, but is estimated to grow at the highest CAGR from 2017 to 2025, followed by the Asia-Pacific region. North America and Europe are comparatively mature markets and are projected to witness average growth rates during the forecast period.

 

Market Competition Assessment:

The major players currently operating in the global acetic acid market include BASF SE, British Petroleum, Celanese, DuPont, Eastman Chemical Company, LyondellBasell, PetroChina, SABIC, Sasol, and Sinopec.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions


Chapter 2 Executive Summary
2.1 Global Acetic Acid Market Portraiture
2.2 Global Acetic Acid Market, by Application, 2016 ($ Million)
2.3 Global Acetic Acid Market, by Geography, 2016 (Value %)


Chapter 3 Global Acetic Acid Market Analysis
3.1 Global Acetic Acid Market Overview
3.2 Major Market Trends and Key Takeaways
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Growing demand of polyvinyl acetates and vinyl alcohols
3.3.2 Challenges
3.3.2.1 Rising environmental concerns regarding production and use of acetic acid
3.3.3 Opportunities
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Acetic Acid Market, 2015 (Value %)


Chapter 4 Global Acetic Acid Market Analysis, by Application, 2015-2025 (Kilo Tons) ($ Million)
4.1 Preface
4.2 Vinyl Acetate Monomer
4.3 Purified Terephthalic Acid (PTA)
4.4 Acetate Esters And Acetic Anhydride
4.5 Others


Chapter 5 Global Acetic Acid Market, by Geography, 2015-2025 ($ Million)
5.1 Preface
5.1 North America (U.S. & Canada)
5.2 Europe (U.K., Germany & Rest of Europe)
5.3 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
5.4 Latin America (Mexico, Brazil and Rest of LATAM)
5.5 Middle East and Africa (GCC, and Rest of Middle East and Africa)


Chapter 6 Company Profiles
6.1 BASF SE
6.2 British Petroleum
6.3 Celanese
6.4 DuPont
6.5 Eastman Chemical Company
6.6 LyondellBasell
6.7 PetroChina
6.8 SABIC
6.9 Sasol
6.10 Sinopec

NA

NA

Choose License


Contact Information

: 24/7 Research Support

: sales@briskinsights.com

: +448081890034 (UK)