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Acetic Acid - Global Market Trajectory & Analytics

  • ID: 338557
  • Report
  • July 2020
  • Region: Global
  • 193 Pages
  • Global Industry Analysts, Inc
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Global Acetic Acid Market to Reach 19.6 Million Tons by the Year 2027

Amid the COVID-19 crisis, the global market for Acetic Acid estimated at 16.1 Million Tons in the year 2020, is projected to reach a revised size of 19.6 Million Tons by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027.VAM, one of the segments analyzed in the report, is projected to grow at a 3% CAGR to reach 6 Million Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Acetates segment is readjusted to a revised 2% CAGR for the next 7-year period. This segment currently accounts for a 23.7% share of the global Acetic Acid market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 5.3% CAGR for the Period of 2020-2027

The Acetic Acid market in the U. S. is estimated at 4.3 Million Tons in the year 2020. The country currently accounts for a 27.03% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 4 Million Tons in the year 2027 trailing a CAGR of 5.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR while Rest of European market (as defined in the study) will reach 4 Million Tons by the year 2027.

PTA Segment Corners a 23.1% Share in 2020

In the global PTA segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 2.8 Million Tons in the year 2020 will reach a projected size of 3.6 Million Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 2.7 Million Tons by the year 2027, while Latin America will expand at a 5.1% CAGR through the analysis period. The publisher brings years of research experience to this 18th edition of our report. The 193-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • BP p. l.c.
  • BP PETRONAS Acetyls Sdn Bhd
  • Celanese Corporation
  • Chang Chun Petrochemical Co., Ltd.
  • China Petrochemical Development Corporation, Ltd.
  • Daicel Corporation
  • Eastman Chemical Company
  • Gujarat Narmada Valley Fertilizers Company Limited
  • Jiangsu Sopo (Group) Co., Ltd
  • Jubilant Life Sciences Limited
  • Kuraray Co., Ltd.
  • Lotte BP Chemicals Co., Ltd.
  • LyondellBasell Industries
  • Showa Denko K. K.
  • Sinopec Sichuan Vinylon Works
  • Wacker Chemie AG

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Acetic Acid - A Prelude

Environmental Concerns Pose Challenges for the Market

Recent Market Activity

China Powers the Global Acetic Acid Market

North America and Europe - Mature but Stable Markets

Vinyl Acetate Monomer - The Largest End-use Segment for Acetic Acid

PTA - The Fastest Growing End-use Segment for Acetic Acid

Global Competitor Market Shares

Acetic Acid Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

BP p.l.c. (UK)

BP PETRONAS Acetyls Sdn Bhd (Malaysia)

Lotte BP Chemicals Co., Ltd. (South Korea)

Celanese Corporation (USA)

Chang Chun Petrochemical Co., Ltd. (Taiwan)

China Petrochemical Development Corporation, Ltd. (Taiwan)

Daicel Corporation (Japan)

Eastman Chemical Company (USA)

Gujarat Narmada Valley Fertilizers Company Limited (India)

Jiangsu Sopo (Group) Co., Ltd (China)

Jubilant Life Sciences Limited (India)

Kuraray Co., Ltd. (Japan)

LyondellBasell Industries (USA)

Showa Denko K.K. (Japan)

Sinopec Sichuan Vinylon Works (China)

Wacker Chemie AG (Germany)

3. MARKET TRENDS & DRIVERS

Bio-Acetic Acid Market Poised for Strong Growth

Acetic Anhydride Witnesses Renewed Vigor from Pharmaceutical Industry

Next-generation Technologies Gain Prominence for Acetic Acid Manufacturing

Standard Monsanto Technology Stands Strong

AO Plus® Process Technology - An Improvement Over Conventional Monsanto Technology

BP Unveils Its New SaaBre Technology for Acetic Acid Production

Eastman's Technology Emphasizes on Co-Production of Acetic Acid and Acetic Anhydride

Producers Exercise Increased Control Over Methanol Carbonylation Technology

Booming Asian Chemical Industry to Benefit Global Acetic Acid Market

Global Acetic Acid Demand Projected to Grow In Line with Burgeoning GDP Rates

Developing Nations Spearhead Global Acetic Acid Demand

Raw Materials: Greatly Influencing the Acetic Acid Market

Acetic Acid Manufacturers Based in Western Countries Shift Production Overseas

Intermediates/Derivatives: Driving the Acetic Acid Market

Demand from Coatings Sector Augurs Well for Global Ethyl Acetate Market

Water-Borne Coatings Gaining at the Expense of Ethyl Acetate-Based Coatings

Ethylene Vinyl Acetate Gains Popularity in Packaging Applications

Multiple Factors to Benefit Global Vinyl Acetate Monomer (VAM) Market

Synthesis of Acetic Acid from Bio-based Materials Gathers Momentum

Acetic Acid - The Green Building Blocks of Eco-friendly Plastics

Clampdown on Smoking to Affect Cellulose Acetate Demand

Impact of Government Legislations on the Market

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Acetic Acid Global Market Estimates and Forecasts in Tons by Region/Country: 2020-2027
TABLE 2: Acetic Acid Global Retrospective Market Scenario in Tons by Region/Country: 2012-2019
TABLE 3: Acetic Acid Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: VAM (End-Use) Global Opportunity Assessment in Tons by Region/Country: 2020-2027
TABLE 5: VAM (End-Use) Historic Sales Analysis in Tons by Region/Country: 2012-2019
TABLE 6: VAM (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Acetates (End-Use) Worldwide Sales in Tons by Region/Country: 2020-2027
TABLE 8: Acetates (End-Use) Historic Demand Patterns in Tons by Region/Country: 2012-2019
TABLE 9: Acetates (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: PTA (End-Use) Global Market Estimates & Forecasts in Tons by Region/Country: 2020-2027
TABLE 11: PTA (End-Use) Retrospective Demand Analysis in Tons by Region/Country: 2012-2019
TABLE 12: PTA (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Acetic Anhydride (End-Use) Demand Potential Worldwide in Tons by Region/Country: 2020-2027
TABLE 14: Acetic Anhydride (End-Use) Historic Sales Analysis in Tons by Region/Country: 2012-2019
TABLE 15: Acetic Anhydride (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Other End-Uses (End-Use) Worldwide Latent Demand Forecasts in Tons by Region/Country: 2020-2027
TABLE 17: Other End-Uses (End-Use) Global Historic Analysis in Tons by Region/Country: 2012-2019
TABLE 18: Other End-Uses (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Acetic Acid Market Share (in %) by Company: 2020 & 2025

Market Analytics
TABLE 19: United States Acetic Acid Latent Demand Forecasts in Tons by End-Use: 2020 to 2027
TABLE 20: Acetic Acid Historic Demand Patterns in the United States by End-Use in Tons for 2012-2019
TABLE 21: Acetic Acid Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027

CANADA

TABLE 22: Canadian Acetic Acid Market Quantitative Demand Analysis in Tons by End-Use: 2020 to 2027
TABLE 23: Acetic Acid Market in Canada: Summarization of Historic Demand Patterns in Tons by End-Use for 2012-2019
TABLE 24: Canadian Acetic Acid Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

JAPAN

TABLE 25: Japanese Demand Estimates and Forecasts for Acetic Acid in Tons by End-Use: 2020 to 2027
TABLE 26: Japanese Acetic Acid Market in Tons by End-Use: 2012-2019
TABLE 27: Acetic Acid Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027

CHINA

TABLE 28: Chinese Demand for Acetic Acid in Tons by End-Use: 2020 to 2027
TABLE 29: Acetic Acid Market Review in China in Tons by End-Use: 2012-2019
TABLE 30: Chinese Acetic Acid Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Acetic Acid Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics
TABLE 31: European Acetic Acid Market Demand Scenario in Tons by Region/Country: 2020-2027
TABLE 32: Acetic Acid Market in Europe: A Historic Market Perspective in Tons by Region/Country for the Period 2012-2019
TABLE 33: European Acetic Acid Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European Acetic Acid Addressable Market Opportunity in Tons by End-Use: 2020-2027
TABLE 35: Acetic Acid Market in Europe: Summarization of Historic Demand in Tons by End-Use for the Period 2012-2019
TABLE 36: European Acetic Acid Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

FRANCE

TABLE 37: Acetic Acid Quantitative Demand Analysis in France in Tons by End-Use: 2020-2027
TABLE 38: French Acetic Acid Historic Market Review in Tons by End-Use: 2012-2019
TABLE 39: French Acetic Acid Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

GERMANY

TABLE 40: Acetic Acid Market in Germany: Annual Sales Estimates and Forecasts in Tons by End-Use for the Period 2020-2027
TABLE 41: German Acetic Acid Market in Retrospect in Tons by End-Use: 2012-2019
TABLE 42: Acetic Acid Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027

ITALY

TABLE 43: Italian Demand for Acetic Acid in Tons by End-Use: 2020 to 2027
TABLE 44: Acetic Acid Market Review in Italy in Tons by End-Use: 2012-2019
TABLE 45: Italian Acetic Acid Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 46: United Kingdom Demand Estimates and Forecasts for Acetic Acid in Tons by End-Use: 2020 to 2027
TABLE 47: United Kingdom Acetic Acid Market in Tons by End-Use: 2012-2019
TABLE 48: Acetic Acid Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027

SPAIN

TABLE 49: Spanish Acetic Acid Market Quantitative Demand Analysis in Tons by End-Use: 2020 to 2027
TABLE 50: Acetic Acid Market in Spain: Summarization of Historic Demand Patterns in Tons by End-Use for 2012-2019
TABLE 51: Spanish Acetic Acid Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

RUSSIA

TABLE 52: Russian Acetic Acid Latent Demand Forecasts in Tons by End-Use: 2020 to 2027
TABLE 53: Acetic Acid Historic Demand Patterns in Russia by End-Use in Tons for 2012-2019
TABLE 54: Acetic Acid Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 55: Rest of Europe Acetic Acid Addressable Market Opportunity in Tons by End-Use: 2020-2027
TABLE 56: Acetic Acid Market in Rest of Europe: Summarization of Historic Demand in Tons by End-Use for the Period 2012-2019
TABLE 57: Rest of Europe Acetic Acid Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 58: Asia-Pacific Acetic Acid Market Estimates and Forecasts in Tons by Region/Country: 2020-2027
TABLE 59: Acetic Acid Market in Asia-Pacific: Historic Market Analysis in Tons by Region/Country for the Period 2012-2019
TABLE 60: Asia-Pacific Acetic Acid Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 61: Acetic Acid Quantitative Demand Analysis in Asia-Pacific in Tons by End-Use: 2020-2027
TABLE 62: Asia-Pacific Acetic Acid Historic Market Review in Tons by End-Use: 2012-2019
TABLE 63: Asia-Pacific Acetic Acid Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

AUSTRALIA

TABLE 64: Acetic Acid Market in Australia: Annual Sales Estimates and Forecasts in Tons by End-Use for the Period 2020-2027
TABLE 65: Australian Acetic Acid Market in Retrospect in Tons by End-Use: 2012-2019
TABLE 66: Acetic Acid Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027

INDIA

TABLE 67: Indian Acetic Acid Market Quantitative Demand Analysis in Tons by End-Use: 2020 to 2027
TABLE 68: Acetic Acid Market in India: Summarization of Historic Demand Patterns in Tons by End-Use for 2012-2019
TABLE 69: Indian Acetic Acid Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

SOUTH KOREA

TABLE 70: Acetic Acid Market in South Korea: Recent Past, Current and Future Analysis in Tons by End-Use for the Period 2018-2027
TABLE 71: South Korean Acetic Acid Historic Market Analysis in Tons by End-Use: 2012-2019
TABLE 72: Acetic Acid Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 73: Rest of Asia-Pacific Demand Estimates and Forecasts for Acetic Acid in Tons by End-Use: 2020 to 2027
TABLE 74: Rest of Asia-Pacific Acetic Acid Market in Tons by End-Use: 2012-2019
TABLE 75: Acetic Acid Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 76: Latin American Acetic Acid Market Trends by Region/Country in Tons: 2020-2027
TABLE 77: Acetic Acid Market in Latin America in Tons by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 78: Latin American Acetic Acid Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 79: Latin American Demand for Acetic Acid in Tons by End-Use: 2020 to 2027
TABLE 80: Acetic Acid Market Review in Latin America in Tons by End-Use: 2012-2019
TABLE 81: Latin American Acetic Acid Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

ARGENTINA

TABLE 82: Argentinean Acetic Acid Addressable Market Opportunity in Tons by End-Use: 2020-2027
TABLE 83: Acetic Acid Market in Argentina: Summarization of Historic Demand in Tons by End-Use for the Period 2012-2019
TABLE 84: Argentinean Acetic Acid Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

BRAZIL

TABLE 85: Acetic Acid Quantitative Demand Analysis in Brazil in Tons by End-Use: 2020-2027
TABLE 86: Brazilian Acetic Acid Historic Market Review in Tons by End-Use: 2012-2019
TABLE 87: Brazilian Acetic Acid Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

MEXICO

TABLE 88: Acetic Acid Market in Mexico: Annual Sales Estimates and Forecasts in Tons by End-Use for the Period 2020-2027
TABLE 89: Mexican Acetic Acid Market in Retrospect in Tons by End-Use: 2012-2019
TABLE 90: Acetic Acid Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 91: Rest of Latin America Acetic Acid Latent Demand Forecasts in Tons by End-Use: 2020 to 2027
TABLE 92: Acetic Acid Historic Demand Patterns in Rest of Latin America by End-Use in Tons for 2012-2019
TABLE 93: Acetic Acid Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 94: The Middle East Acetic Acid Market Estimates and Forecasts in Tons by Region/Country: 2020-2027
TABLE 95: Acetic Acid Market in the Middle East by Region/Country in Tons: 2012-2019
TABLE 96: The Middle East Acetic Acid Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 97: The Middle East Acetic Acid Market Quantitative Demand Analysis in Tons by End-Use: 2020 to 2027
TABLE 98: Acetic Acid Market in the Middle East: Summarization of Historic Demand Patterns in Tons by End-Use for 2012-2019
TABLE 99: The Middle East Acetic Acid Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

IRAN

TABLE 100: Iranian Demand Estimates and Forecasts for Acetic Acid in Tons by End-Use: 2020 to 2027
TABLE 101: Iranian Acetic Acid Market in Tons by End-Use: 2012-2019
TABLE 102: Acetic Acid Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027

ISRAEL

TABLE 103: Israeli Acetic Acid Addressable Market Opportunity in Tons by End-Use: 2020-2027
TABLE 104: Acetic Acid Market in Israel: Summarization of Historic Demand in Tons by End-Use for the Period 2012-2019
TABLE 105: Israeli Acetic Acid Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 106: Saudi Arabian Demand for Acetic Acid in Tons by End-Use: 2020 to 2027
TABLE 107: Acetic Acid Market Review in Saudi Arabia in Tons by End-Use: 2012-2019
TABLE 108: Saudi Arabian Acetic Acid Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED ARAB EMIRATES

TABLE 109: Acetic Acid Market in the United Arab Emirates: Recent Past, Current and Future Analysis in Tons by End-Use for the Period 2018-2027
TABLE 110: United Arab Emirates Acetic Acid Historic Market Analysis in Tons by End-Use: 2012-2019
TABLE 111: Acetic Acid Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 112: Acetic Acid Market in Rest of Middle East: Annual Sales Estimates and Forecasts in Tons by End-Use for the Period 2020-2027
TABLE 113: Rest of Middle East Acetic Acid Market in Retrospect in Tons by End-Use: 2012-2019
TABLE 114: Acetic Acid Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027

AFRICA

TABLE 115: African Acetic Acid Latent Demand Forecasts in Tons by End-Use: 2020 to 2027
TABLE 116: Acetic Acid Historic Demand Patterns in Africa by End-Use in Tons for 2012-2019
TABLE 117: Acetic Acid Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 46

Note: Product cover images may vary from those shown
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