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Acetic Acid Market 2023-2027

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    Report

  • 183 Pages
  • April 2023
  • Region: Global
  • TechNavio
  • ID: 5654462
1h Free Analyst Time
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The acetic acid market is forecast to grow by 5,379.71 th tons during 2022-2027, accelerating at a CAGR of 5.39% during the forecast period. This report on the acetic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing paints and coatings industry, the growing textile industry, and the increasing consumption of acetic acid.

The analyst's acetic acid market is segmented as below:

By Application

  • VAM
  • PTA
  • Acetic anhydride
  • Others

By End-user

  • Plastics and polymers
  • Food and beverages
  • Ink paints and coatings
  • Chemicals
  • Others

By Geographical Landscape

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the development of bio-based acetic acid as one of the prime reasons driving the acetic acid market growth during the next few years. Also, increasing demand for vam and increasing demand for methanol will lead to sizable demand in the market.

This report on the acetic acid market covers the following areas:

  • Acetic acid market sizing
  • Acetic acid market forecast
  • Acetic acid market industry analysis
The analyst's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading acetic acid market vendors that include Airedale Chemical Co. Ltd., Ashok Alco Chem Ltd., BP Plc, Celanese Corp., Daicel Corp., DubiChem Marine International, Eastman Chemical Co., GNFC Ltd., HELM AG, Indian Oil Corp. Ltd., INEOS Group Holdings SA, Jiangsu Sopo Corp. Ltd., Kingboard Holdings Ltd., Lonza Group Ltd., LyondellBasell Industries NV, Pentokey Organy (India) Ltd., Saudi Basic Industries Corp., Shandong Hualu Hengsheng Chemical Co. Ltd., Shanghai Huayi Fine Chemical Co. Ltd., and Dow Inc. Also, the acetic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Exhibit 01: Executive Summary - Chart on Market Overview
  • Exhibit 02: Executive Summary - Data Table on Market Overview
  • Exhibit 03: Executive Summary - Chart on Global Market Characteristics
  • Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
  • Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
  • Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
  • Exhibit 07: Executive Summary - Chart on Incremental Growth
  • Exhibit 08: Executive Summary - Data Table on Incremental Growth
  • Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
  • Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
  • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
  • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global Acetic Acid Market 2017 - 2021
  • Exhibit 18: Historic Market Size - Data Table on global acetic acid Market 2017 - 2021 (thousand t)
4.2 Application Segment Analysis 2017 - 2021
  • Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 (thousand t)
4.3 End-user Segment Analysis 2017 - 2021
  • Exhibit 20: Historic Market Size - End-user Segment 2017 - 2021 (thousand t)
4.4 Geography Segment Analysis 2017 - 2021
  • Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 (thousand t)
4.5 Country Segment Analysis 2017 - 2021
  • Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 (thousand t)
5 Five Forces Analysis
5.1 Five forces summary
  • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
  • Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
  • Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
  • Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
  • Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
  • Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
  • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
  • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
  • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
  • Exhibit 32: Chart on Comparison by Application
  • Exhibit 33: Data Table on Comparison by Application
6.3 VAM - Market size and forecast 2022-2027
  • Exhibit 34: Chart on VAM - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 35: Data Table on VAM - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 36: Chart on VAM - Year-over-year growth 2022-2027 (%)
  • Exhibit 37: Data Table on VAM - Year-over-year growth 2022-2027 (%)
6.4 PTA - Market size and forecast 2022-2027
  • Exhibit 38: Chart on PTA - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 39: Data Table on PTA - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 40: Chart on PTA - Year-over-year growth 2022-2027 (%)
  • Exhibit 41: Data Table on PTA - Year-over-year growth 2022-2027 (%)
6.5 Acetic anhydride - Market size and forecast 2022-2027
  • Exhibit 42: Chart on Acetic anhydride - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 43: Data Table on Acetic anhydride - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 44: Chart on Acetic anhydride - Year-over-year growth 2022-2027 (%)
  • Exhibit 45: Data Table on Acetic anhydride - Year-over-year growth 2022-2027 (%)
6.6 Others - Market size and forecast 2022-2027
  • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
  • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Application
  • Exhibit 50: Market opportunity by Application (thousand t)
  • Exhibit 51: Data Table on Market opportunity by Application (thousand t)
7 Market Segmentation by End-user
7.1 Market segments
  • Exhibit 52: Chart on End-user - Market share 2022-2027 (%)
  • Exhibit 53: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
  • Exhibit 54: Chart on Comparison by End-user
  • Exhibit 55: Data Table on Comparison by End-user
7.3 Plastics and polymers - Market size and forecast 2022-2027
  • Exhibit 56: Chart on Plastics and polymers - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 57: Data Table on Plastics and polymers - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 58: Chart on Plastics and polymers - Year-over-year growth 2022-2027 (%)
  • Exhibit 59: Data Table on Plastics and polymers - Year-over-year growth 2022-2027 (%)
7.4 Food and beverages - Market size and forecast 2022-2027
  • Exhibit 60: Chart on Food and beverages - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 61: Data Table on Food and beverages - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 62: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
  • Exhibit 63: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)
7.5 Ink paints and coatings - Market size and forecast 2022-2027
  • Exhibit 64: Chart on Ink paints and coatings - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 65: Data Table on Ink paints and coatings - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 66: Chart on Ink paints and coatings - Year-over-year growth 2022-2027 (%)
  • Exhibit 67: Data Table on Ink paints and coatings - Year-over-year growth 2022-2027 (%)
7.6 Chemicals - Market size and forecast 2022-2027
  • Exhibit 68: Chart on Chemicals - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 69: Data Table on Chemicals - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 70: Chart on Chemicals - Year-over-year growth 2022-2027 (%)
  • Exhibit 71: Data Table on Chemicals - Year-over-year growth 2022-2027 (%)
7.7 Others - Market size and forecast 2022-2027
  • Exhibit 72: Chart on Others - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 73: Data Table on Others - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 74: Chart on Others - Year-over-year growth 2022-2027 (%)
  • Exhibit 75: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by End-user
  • Exhibit 76: Market opportunity by End-user (thousand t)
  • Exhibit 77: Data Table on Market opportunity by End-user (thousand t)
8 Customer Landscape
8.1 Customer landscape overview
  • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
  • Exhibit 79: Chart on Market share By Geographical Landscape 2022-2027 (%)
  • Exhibit 80: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
  • Exhibit 81: Chart on Geographic comparison
  • Exhibit 82: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
  • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
  • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
  • Exhibit 87: Chart on North America - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
  • Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
  • Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
  • Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
  • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
  • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
  • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
  • Exhibit 103: Chart on China - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
  • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 Japan - Market size and forecast 2022-2027
  • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
  • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.10 India - Market size and forecast 2022-2027
  • Exhibit 111: Chart on India - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 112: Data Table on India - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
  • Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)
9.11 US - Market size and forecast 2022-2027
  • Exhibit 115: Chart on US - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 116: Data Table on US - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 117: Chart on US - Year-over-year growth 2022-2027 (%)
  • Exhibit 118: Data Table on US - Year-over-year growth 2022-2027 (%)
9.12 Germany - Market size and forecast 2022-2027
  • Exhibit 119: Chart on Germany - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 120: Data Table on Germany - Market size and forecast 2022-2027 (thousand t)
  • Exhibit 121: Chart on Germany - Year-over-year growth 2022-2027 (%)
  • Exhibit 122: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
  • Exhibit 123: Market opportunity By Geographical Landscape (thousand t)
  • Exhibit 124: Market opportunity By Geographical Landscape (thousand t) - Volume
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
  • Exhibit 125: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
  • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
  • Exhibit 127: Overview on factors of disruption
11.4 Industry risks
  • Exhibit 128: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
  • Exhibit 129: Vendors covered
12.2 Market positioning of vendors
  • Exhibit 130: Matrix on vendor position and classification
12.3 Airedale Chemical Co. Ltd.
  • Exhibit 131: Airedale Chemical Co. Ltd. - Overview
  • Exhibit 132: Airedale Chemical Co. Ltd. - Product / Service
  • Exhibit 133: Airedale Chemical Co. Ltd. - Key offerings
12.4 Ashok Alco Chem Ltd.
  • Exhibit 134: Ashok Alco Chem Ltd. - Overview
  • Exhibit 135: Ashok Alco Chem Ltd. - Product / Service
  • Exhibit 136: Ashok Alco Chem Ltd. - Key offerings
12.5 BP Plc
  • Exhibit 137: BP Plc - Overview
  • Exhibit 138: BP Plc - Business segments
  • Exhibit 139: BP Plc - Key news
  • Exhibit 140: BP Plc - Key offerings
  • Exhibit 141: BP Plc - Segment focus
12.6 Celanese Corp.
  • Exhibit 142: Celanese Corp. - Overview
  • Exhibit 143: Celanese Corp. - Business segments
  • Exhibit 144: Celanese Corp. - Key offerings
  • Exhibit 145: Celanese Corp. - Segment focus
12.7 Daicel Corp.
  • Exhibit 146: Daicel Corp. - Overview
  • Exhibit 147: Daicel Corp. - Business segments
  • Exhibit 148: Daicel Corp. - Key news
  • Exhibit 149: Daicel Corp. - Key offerings
  • Exhibit 150: Daicel Corp. - Segment focus
12.8 DubiChem Marine International
  • Exhibit 151: DubiChem Marine International - Overview
  • Exhibit 152: DubiChem Marine International - Product / Service
  • Exhibit 153: DubiChem Marine International - Key offerings
12.9 Eastman Chemical Co.
  • Exhibit 154: Eastman Chemical Co. - Overview
  • Exhibit 155: Eastman Chemical Co. - Business segments
  • Exhibit 156: Eastman Chemical Co. - Key offerings
  • Exhibit 157: Eastman Chemical Co. - Segment focus
12.10 GNFC Ltd.
  • Exhibit 158: GNFC Ltd. - Overview
  • Exhibit 159: GNFC Ltd. - Business segments
  • Exhibit 160: GNFC Ltd. - Key offerings
  • Exhibit 161: GNFC Ltd. - Segment focus
12.11 HELM AG
  • Exhibit 162: HELM AG - Overview
  • Exhibit 163: HELM AG - Product / Service
  • Exhibit 164: HELM AG - Key news
  • Exhibit 165: HELM AG - Key offerings
12.12 Indian Oil Corp. Ltd.
  • Exhibit 166: Indian Oil Corp. Ltd. - Overview
  • Exhibit 167: Indian Oil Corp. Ltd. - Business segments
  • Exhibit 168: Indian Oil Corp. Ltd. - Key offerings
  • Exhibit 169: Indian Oil Corp. Ltd. - Segment focus
12.13 INEOS Group Holdings SA
  • Exhibit 170: INEOS Group Holdings SA - Overview
  • Exhibit 171: INEOS Group Holdings SA - Business segments
  • Exhibit 172: INEOS Group Holdings SA - Key news
  • Exhibit 173: INEOS Group Holdings SA - Key offerings
  • Exhibit 174: INEOS Group Holdings SA - Segment focus
12.14 LyondellBasell Industries NV
  • Exhibit 175: LyondellBasell Industries NV - Overview
  • Exhibit 176: LyondellBasell Industries NV - Business segments
  • Exhibit 177: LyondellBasell Industries NV - Key offerings
  • Exhibit 178: LyondellBasell Industries NV - Segment focus
12.15 Pentokey Organy (India) Ltd.
  • Exhibit 179: Pentokey Organy (India) Ltd. - Overview
  • Exhibit 180: Pentokey Organy (India) Ltd. - Product / Service
  • Exhibit 181: Pentokey Organy (India) Ltd. - Key offerings
12.16 Saudi Basic Industries Corp.
  • Exhibit 182: Saudi Basic Industries Corp. - Overview
  • Exhibit 183: Saudi Basic Industries Corp. - Business segments
  • Exhibit 184: Saudi Basic Industries Corp. - Key offerings
  • Exhibit 185: Saudi Basic Industries Corp. - Segment focus
12.17 Dow Inc.
  • Exhibit 186: Dow Inc. - Overview
  • Exhibit 187: Dow Inc. - Business segments
  • Exhibit 188: Dow Inc. - Key news
  • Exhibit 189: Dow Inc. - Key offerings
  • Exhibit 190: Dow Inc. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
  • Exhibit 191: Inclusions checklist
  • Exhibit 192: Exclusions checklist
13.3 Currency conversion rates for US$
  • Exhibit 193: Currency conversion rates for US$
13.4 Research methodology
  • Exhibit 194: Research methodology
  • Exhibit 195: Validation techniques employed for market sizing
  • Exhibit 196: Information sources
13.5 List of abbreviations
  • Exhibit 197: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global acetic acid market: Airedale Chemical Co. Ltd., Ashok Alco Chem Ltd., BP Plc, Celanese Corp., Daicel Corp., DubiChem Marine International, Eastman Chemical Co., GNFC Ltd., HELM AG, Indian Oil Corp. Ltd., INEOS Group Holdings SA, Jiangsu Sopo Corp. Ltd., Kingboard Holdings Ltd., Lonza Group Ltd., LyondellBasell Industries NV, Pentokey Organy (India) Ltd., Saudi Basic Industries Corp., Shandong Hualu Hengsheng Chemical Co. Ltd., Shanghai Huayi Fine Chemical Co. Ltd., and Dow Inc.

Commenting on the report, one of the analysts from the research team said: "The latest trend gaining momentum in the market is the development of bio-based acetic acid."

According to the report, one of the major drivers for this market is the growing paints and coatings industry.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Airedale Chemical Co. Ltd.
  • Ashok Alco Chem Ltd.
  • BP Plc
  • Celanese Corp.
  • Daicel Corp.
  • DubiChem Marine International
  • Eastman Chemical Co.
  • GNFC Ltd.
  • HELM AG
  • Indian Oil Corp. Ltd.
  • INEOS Group Holdings SA
  • Jiangsu Sopo Corp. Ltd.
  • Kingboard Holdings Ltd.
  • Lonza Group Ltd.
  • LyondellBasell Industries NV
  • Pentokey Organy (India) Ltd.
  • Saudi Basic Industries Corp.
  • Shandong Hualu Hengsheng Chemical Co. Ltd.
  • Shanghai Huayi Fine Chemical Co. Ltd.
  • Dow Inc.

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