Acetic Acid Market By Application (VAM, Acetic Anhydride, Acetate Esters, PTA) Is Expected To Reach USD 13.31 Billion By 2022: Grand View Research, Inc.
Global Acetic Acid Market is expected to reach USD 13.31 billion by 2022, according to a new study by Grand View Research, Inc. Increasing consumption of PTA for manufacturing polyester coupled with rising application scope of polyester in the textile industry is likely to fuel acetic acid market growth over the next seven years. Growing demand for VAM which is used as a precursor for manufacturing EVA and EVAc coupled with an increasing consumption of these downstream chemicals in the formulation of solvents and adhesives is expected to drive acetic acid market. Acetic acid is also used as a key ingredient in vinegar. Rising demand for vinegar owing to numerous health benefits associated with it is expected to augment market growth over the forecast period. Acetic acid demand for manufacturing VAM exceeded 3,600 kilo tons in 2014 and the segment is projected to grow at a CAGR of over 4% from 2015 to 2022. Vinyl acetate monomer (VAM) is used in production of various adhesives and water based paints. Rising demand for industrial coatings and paints on account of growing infrastructure, specifically in emerging economies including China, Brazil and India, is a key factor for the growth of (VAM) over the forecast period. View summary of this analysis/acetic-acid-market
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Global acetic acid market, by application, 2012 – 2022 (Kilo Tons)
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Acetic acid market - Industry summary and key buying criteria, 2012 - 2022 Chapter 3. Acetic Acid Industry Outlook 3.1. Acetic acid market segmentation 3.2. Acetic acid market size and growth prospects, 2012 - 2022 3.3. Acetic acid market - Value chain analysis 3.3.1. Vendor landscape 3.4. Raw material outlook 3.5. Technology overview 3.6. Regulatory framework 3.7. Acetic acid market dynamics 3.7.1. Market driver analysis 3.7.1.1. Growth of vinyl acetate monomer (VAM) market 3.7.1.2. Growing demand of vinegar
3.7.1.3. Increasing demand of purified Terephthalic Acid (PTA) 3.7.2. Market restraint analysis 3.7.2.1. Volatile feedstock prices 3.8. Key market opportunities - Prioritized 3.9. Industry analysis - Porter's 3.10. Acetic acid company market share analysis, 2014 3.11. Acetic acid market PESTEL analysis, 2014 3.12. Production capacities of key manufacturers 3.13. Trade statistics for key market Chapter 4. Acetic Acid Application Outlook 4.1. Global acetic acid market share by application, 2014 & 2022 4.2. VAM 4.2.1. Market estimates and forecast, 2012 - 2022 4.2.2. Market estimates and forecast, by region, 2012 - 2022 4.3. Acetic anhydride 4.3.1. Market estimates and forecast, 2012 - 2022 4.3.2. Market estimates and forecast, by region, 2012 - 2022 4.4. Acetate esters 4.4.1. Market estimates and forecast, 2012 - 2022 4.4.2. Market estimates and forecast, by region, 2012 - 2022 4.5. PTA 4.5.1. Market estimates and forecast, 2012 - 2022 4.5.2. Market estimates and forecast, by region, 2012 - 2022 4.6. Others 4.6.1. Market estimates and forecast, 2012 - 2022 4.6.2. Market estimates and forecast, by region, 2012 - 2022 Chapter 5. Acetic Acid Regional Outlook 5.1. Global acetic acid market share by region, 2014 & 2022 5.2. North America 5.2.1. Market estimates and forecast, 2012 - 2022 5.2.2. Market estimates and forecast, by applications, 2012 - 2022 5.2.3. U.S. 5.2.3.1. Market estimates and forecast, 2012 - 2022 5.2.3.2. Market estimates and forecast, by applications, 2012 - 2022 5.3. Europe 5.3.1. Market estimates and forecast, 2012 - 2022 5.3.2. Market estimates and forecast, by applications, 2012 - 2022 5.3.3. Germany
5.3.3.1. Market estimates and forecast, 2012 - 2022 5.3.3.2. Market estimates and forecast, by applications, 2012 - 2022 5.4. China 5.4.1. Market estimates and forecast, 2012 - 2022 5.4.2. Market estimates and forecast, by applications, 2012 - 2022 5.5. Asia Pacific (excluding China) 5.5.1. Market estimates and forecast, 2012 - 2022 5.5.2. Market estimates and forecast, by applications, 2012 - 2022 5.5.3. India 5.5.3.1. Market estimates and forecast, 2012 - 2022 5.5.3.2. Market estimates and forecast, by applications, 2012 - 2022 5.5.4. Japan 5.5.4.1. Market estimates and forecast, 2012 - 2022 5.5.4.2. Market estimates and forecast, by applications, 2012 - 2022 5.6. Latin America 5.6.1. Market estimates and forecast, 2012 - 2022 5.6.2. Market estimates and forecast, by applications, 2012 - 2022 5.6.3. Brazil 5.6.3.1. Market estimates and forecast, 2012 - 2022 5.6.3.2. Market estimates and forecast, by applications, 2012 - 2022 5.7. MEA 5.7.1. Market estimates and forecast, 2012 - 2022 5.7.2. Market estimates and forecast, by applications, 2012 - 2022 Chapter 6. Competitive Landscape 6.1. Celanese 6.1.1. Company Overview 6.1.2. Financial Performance 6.1.3. Product Benchmarking 6.1.4. Strategic Initiatives 6.2. British Petroleum 6.2.1. Company Overview 6.2.2. Financial Performance 6.2.3. Product Benchmarking 6.2.4. Strategic Initiatives 6.3. Eastman Chemical Company 6.3.1. Company Overview 6.3.2. Financial Performance 6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives 6.4. LyondellBasell 6.4.1. Company Overview 6.4.2. Financial Performance 6.4.3. Product Benchmarking 6.4.4. Strategic Initiatives 6.5. BASF SE 6.5.1. Company Overview 6.5.2. Financial Performance 6.5.3. Product Benchmarking 6.5.4. Strategic Initiatives 6.6. DuPont 6.6.1. Company Overview 6.6.2. Financial Performance 6.6.3. Product Benchmarking 6.6.4. Strategic Initiatives 6.7. Yanon Cathay Chemical Company Ltd. 6.7.1. Company Overview 6.7.2. Financial Performance 6.7.3. Product Benchmarking 6.7.4. Strategic Initiatives 6.8. Showa Denko K.K 6.8.1. Company Overview 6.8.2. Financial Performance 6.8.3. Product Benchmarking 6.8.4. Strategic Initiatives 6.9. Chiyoda Corporation 6.9.1. Company Overview 6.9.2. Financial Performance 6.9.3. Product Benchmarking 6.9.4. Strategic Initiatives 6.10. Svensk Etanolkemi AB (SEKAB) 6.10.1. Company Overview 6.10.2. Financial Performance 6.10.3. Product Benchmarking 6.10.4. Strategic Initiatives 6.11. Jiangsu Sopo (Group) Co., Ltd 6.11.1. Company Overview
6.11.2. Financial Performance 6.11.3. Product Benchmarking 6.11.4. Strategic Initiatives 6.12. Wacker Chemie 6.12.1. Company Overview 6.12.2. Financial Performance 6.12.3. Product Benchmarking 6.12.4. Strategic Initiatives 6.13. Saudi International Petrochemical Company 6.13.1. Company Overview 6.13.2. Financial Performance 6.13.3. Product Benchmarking 6.13.4. Strategic Initiatives 6.14. Shanghai Huayi (Group) Co., Ltd. 6.14.1. Company Overview 6.14.2. Financial Performance 6.14.3. Product Benchmarking 6.14.4. Strategic Initiatives 6.15. Chang Chun Petrochemical Ltd. 6.15.1. Company Overview 6.15.2. Financial Performance 6.15.3. Product Benchmarking 6.15.4. Strategic Initiatives
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List of Tables 1. Acetic Acid - Industry Summary and Key Buying Criteria, 2012 - 2022 2. Global acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 3. Global acetic acid market volume, by region, 2012 - 2022 (Kilo Tons) 4. Global acetic acid market revenue, by region, 2012 - 2022 (USD Million) 5. Global acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 6. Global acetic acid market revenue, by application, 2012 - 2022 (USD Million) 7. Vendor landscape 8. Acetic acid - Key market driver analysis 9. Acetic acid - Key market restraint analysis
10. Global acetic acid market estimates and forecast in VAM, 2012 - 2022 (Kilo Tons) (USD Million) 11. Global acetic acid market volume in VAM, by region, 2012 - 2022 (Kilo Tons) 12. Global acetic acid market revenue in VAM, by region, 2012 - 2022 (USD Million) 13. Global acetic acid market estimates and forecast in acetic anhydride, 2012 - 2022 (Kilo Tons) (USD Million) 14. Global acetic acid market volume in acetic anhydride, by region, 2012 - 2022 (Kilo Tons) 15. Global acetic acid market revenue in acetic anhydride, by region, 2012 - 2022 (USD Million) 16. Global acetic acid market estimates and forecast in acetate esters, 2012 - 2022 (Kilo Tons) (USD Million) 17. Global acetic acid market volume in acetate esters, by region, 2012 - 2022, (Kilo Tons) 18. Global acetic acid market revenue in acetate esters, by region, 2012 - 2022 (USD Million) 19. Global acetic acid market estimates and forecast in PTA, 2012 - 2022 (Kilo Tons) (USD Million) 20. Global acetic acid market volume in PTA, by region, 2012 - 2022, (Kilo Tons) 21. Global acetic acid market revenue in PTA, by region, 2012 - 2022 (USD Million) 22. Global acetic acid market estimates and forecast in other applications, 2012 - 2022 (Kilo Tons) (USD Million) 23. Global acetic acid market volume in other applications, by region, 2012 - 2022 (Kilo Tons) 24. Global acetic acid market revenue in other applications, by region, 2012 - 2022 (USD Million) 25. North America acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 26. North America acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 27. North America acetic acid market revenue, by application, 2012 - 2022 (USD Million) 28. U.S. acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 29. U.S. acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 30. U.S. acetic acid market revenue, by application, 2012 - 2022 (USD Million) 31. Europe acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 32. Europe acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 33. Europe acetic acid market revenue, by application, 2012 - 2022 (USD Million) 34. Germany acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 35. Germany acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 36. Germany acetic acid market revenue, by application, 2012 - 2022 (USD Million) 37. China acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 38. China acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 39. China acetic acid market revenue, by application, 2012 - 2022 (USD Million) 40. Asia Pacific acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 41. Asia Pacific acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 42. Asia Pacific acetic acid market revenue, by application, 2012 - 2022 (USD Million) 43. India acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 44. India acetic acid market volume, by application, 2012 - 2022, (Kilo Tons)
45. India acetic acid market revenue, by application, 2012 - 2022 (USD Million) 46. Japan acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 47. Japan acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 48. Japan acetic acid market revenue, by application, 2012 - 2022 (USD Million) 49. Latin America acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 50. Latin America acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 51. Latin America acetic acid market revenue, by application, 2012 - 2022 (USD Million) 52. Brazil acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 53. Brazil acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 54. Brazil acetic acid market revenue, by application, 2012 - 2022 (USD Million) 55. MEA acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 56. MEA acetic acid market volume, by application, 2012 - 2022 (Kilo Tons) 57. MEA acetic acid market revenue, by application, 2012 - 2022 (USD Million)
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List of Figures 1. Acetic acid market segmentation 2. Global acetic acid market estimates and forecast, 2012 - 2022, (Kilo Tons) (USD Million) 3. Acetic acid market - Value chain analysis 4. Acetic acid market dynamics 5. Acetic acid market - Key opportunities prioritized 6. Acetic acid market Porter’s analysis 7. Acetic acid company market share analysis, 2014 8. Acetic acid market PESTEL analysis 9. Global acetic acid market volume share by application, 2014 & 2022 10. Global acetic acid market estimates and forecast in VAM, 2012 - 2022 (Kilo Tons) (USD Million) 11. Global acetic acid market estimates and forecast in acetic anhydride, 2012 - 2022 (Kilo Tons) (USD Million) 12. Global acetic acid market estimates and forecast in acetate esters, 2012 - 2022 (Kilo Tons) (USD Million) 13. Global acetic acid market estimates and forecast in PTA, 2012 - 2022 (Kilo Tons) (USD Million) 14. Global acetic acid market estimates and forecast in other applications, 2012 - 2022 (Kilo Tons) (USD Million) 15. Global acetic acid market volume share by region, 2014 & 2022
16. North America acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 17. U.S. acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 18. Europe acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 19. Germany acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 20. China acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 21. Asia Pacific acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 22. India acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 23. Japan acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 24. Latin America acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 25. Brazil acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million) 26. MEA acetic acid market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD Million)
Further key findings from the study suggest:
China was the largest market for acetic acid in 2014 alone accounting for over 40% of the global volume demand. Presence of a robust manufacturing hub in the region has been one of the primary factors for the high demand of acetic acid over the past few years. In addition, positive outlook regarding expansion of the manufacturing industry in the region is expected to maintain dominance of China within the global acetic acid market over the forecast period. Asia Pacific was the second largest market for acetic acid, with India and Japan dominating the regional market. Asia acetic acid market is projected to grow at a CAGR of over 10.0% over the forecast period and is estimated to reach a value of over USD 3.0 billion by 2022. PTA is expected to be the fastest growing application segment within the global acetic acid market, owing to the increasing demand for polyester from the textile and packaging end-use industries. Global acetic acid demand for PTA exceeded 2,500 kilo tons in 2014 and is expected to be over 3,800 kilo tons by 2020, growing at a CAGR of over 5.0% from 2015 and 2022. Key players present in the global acetic acid market include Celanese, Jiangsu Sopo (Group) Co., BP, Eastman Chemicals, DuPont, BASF and Wacker Chemie. The market is highly fragmented in nature owing to the presence of numerous manufacturers with various scales of production capacities.
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For the purpose of this study, Grand View Research has segmented the global acetic acid market on the basis of application and region: Global Acetic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 2022)
VAM Acetic anhydride Acetate esters PTA Others
Global Acetic Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 2022)
North America U.S. Europe Germany China Asia Pacific (excluding China) India Japan Latin America Brazil MEA
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