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Global Acetic Acid Market Overview :
“The global Acetic acid Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global acetic acid market has been segmented on the basis of function, process, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Acetic acid or ethanoic acid is a colorless liquid with has a sour and pungent odor. Acetic acid is completely miscible in water and many other solvents.
It is used as one of the important raw materials for various applications in manufacturing rubber, plastic and polymers, pharmaceutical, construction, and others. It is also used as a descaling agent food additive and as a condiment.
Increasing adoption of acetic acid owing to rising demand from the textile, paints, and coating industry is a major factor expected to propel the growth of the global market over the forecast period.
In addition, increasing the adoption of acetic acid in the production of cellulose acetate for the photographic film is another factor expected to fuel the growth of the target market in the near future. Furthermore, the rising use of acetic acid in the chemical industry is further expected to support the growth of the global market in the next ten years.
However, government regulations and standards on the use of acetic acid in various end-use applications are expected to hamper the growth of the global acetic acid market over the forecast period. In addition, harmful effects on the environment and health issues concerning with mishandling of acetic acid are expected to restrain the growth of the target market.
The market in the Asia Pacific accounted for the highest share in the global acetic acid market in terms of revenue in 2017. This can be attributed to the rising demand for acetic acid paint and the coating industry in the region.
The markets in North America and Europe are expected to register significant growth rates over the forecast period, owing to rising demand for acetic acid from various end-use industries. The markets in Latin America and Middle East & Africa are emerging untapped markets for acetic acid and are expected to create opportunities for key players in the coming years.
Global Acetic Acid Market Segmentation:
Segmentation by application:
- Acetic anhydride
- Vinyl acetate monomer (VAM)
- Acetate esters
- Purified terephthalic acid (PTA)
Segmentation by end-use industry:
- Paints and coating
- Food and beverages
- Others (chemical, plastic and polymers, construction)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Celanese Corporation
- British Petroleum p.l.c.
- Jiangsu Sopo (Group) Co., Ltd.
- Eastman Chemical Company
- Sinopec Ningbo Engineering Co., Ltd.
- LyondellBasell Acetyls, LLC
- BASF S.E.
- PetroChina Company Limited
- Mitsubishi Chemical Corporation
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