Acetic Acid Market - Size, Share, Outlook, and Opportunity Analysis, 2019

The global acetic acid market is expected to exhibit a CAGR of 5.8% during the forecast period, owing to its rising applications in paints and paper coatings industry and in manufacturing of synthetic fibers, and others end-use industries.

Market Dynamics

Among the application, vinyl acetate monomer segment held dominant position in the global Acetic Acid market in 2019 and is also expected to retain its dominance during the forecast period. This is owing to its high use in the applications such as packaging films, thickeners, and photosensitive coatings. This trend is further expected to foster demand for acetic acid during the forecast period.

Among regions, Asia Pacific is expected to account for a significant market share during the forecast period (2020-2027), owing to high number of manufacturing units of fibers and paints and coating products which will increase the overall acid products demand. Acetic Acid is primarily used in various applications and various end-user industry as it is chemical reagents, mainly used in the manufacturing of cellulose acetate, wood glue and synthetic fibers and fabric. Such trends in Asia Pacific is expected to boost demand for Acetic Acid in this region during the forecast period.

Key features of the study:

This report provides in-depth analysis of acetic acid market, and provides market size (US$ Million and Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global acetic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Celanese corporation, British petroleum, Eastman chemical company, Jiangsu Sopo (group) co., ltd. , China petroleum & chemical corporation (Sinopec), Lyondell basell industries, Saudi basic industries corporation (Sabic), Mitsubishi chemical company, Petrochina co. Ltd., Petrochina co. Ltd., and Basf SE.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology upgradation, market expansion, and marketing tactics
The global acetic acid market report caters to various stakeholders in this industry including investors, suppliers, acetic acid manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global acetic acid market

Detailed Segmentation:

Global Acetic Acid Market, By Application: