Acetic Acid Market: Industry Analysis by Size, Share, Applications & Forecast, 2015-2021

Acetic Acid Market: Industry Analysis by Size, Share, Applications & Forecast, 2015-2021

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ccording to the report, the global acetic acid market accounted for USD 8.37 billion in 2015 and is expected to reach USD 13.65by 2021, growing at a CAGR of around 8.5% between 2016 and 2021. The market growth of global acetic acid market has been accelerated by rising demand for vinegar owing to numerous health benefits associated with it. Increasing consumption of PTA in the textile industry for polyester manufacturing coupled with increasing demand of VAM which is used as a precursor is expected to propel the growth of the acetic acid market in coming years.




According to the report, the global acetic acid market accounted for USD 8.37 billion in 2015 and is expected to reach USD 13.65by 2021, growing at a CAGR of around 8.5% between 2016 and 2021.

Acetic acid also known as ethanoic acid is a colorless liquid. Acetic acid has a distinctive sour taste and strong pungent smell. Acetic acid is commonly known as vinegar, which is dilute acetic acid. It is traditionally used for pickling of vegetables and as a food preservative. Acetic acid is an important chemical reagent and industrial chemical.

The market growth of global acetic acid market has been accelerated by rising demand for vinegar owing to numerous health benefits associated with it. Increasing consumption of PTA in the textile industry for polyester manufacturing coupled with increasing demand of VAM which is used as a precursor is expected to propel the growth of the acetic acid market in coming years. Furthermore, growing textile & packaging industry is expected to fuel the growth of the acetic acid market. In addition,being a chemical reagent and industrial chemical,it is used in the production of cellulose acetate for photographic film, while polyvinyl acetate for synthetic fibers and fabrics.However, volatile prices of methanol and mature market of acetic anhydride may restrict the growth of the market.Nonetheless,increasing demand for industrial application is likely to open growth opportunities for the market in the near future.

Acetic Acid Market

Based on application, PTA(Purified Terephthalic Acid), acetate esters,acetic anhydride,VAM (Vinyl Acetate Monomer) and other are the major application of acetic acid.Vinyl acetate monomer (VAM) was the largest application segment for the market accounting for more than 30% of global acetic acid consumption in 2015.The growth of VAM is driven by usage of VAM in sealants and adhesive industry. Ester solvent is the 2nd largest application area in term of consumption. However, PTA is projected to witness the fastest growth due to an increasing demand for polyester from the textile and packaging industries.

Based on Geography,Asia Pacific is the biggest consumer of acetic acid due to the emergence of manufacturing hubs in China, India, and other Asian countries.China holds the largest share in term of production.The demand for acetic acid in China market is anticipated to grow at a CAGR of 5.5% in term of consumption.The European and North American markets are comparatively below average growth due to maturity of the market.

Some of the key players include in the acetic acid market such asEastman Chemical Company, Jiangsu Sopo Co. Ltd, Kingboard Chemical Holdings Ltd, LyondellBasell Industries N.V., BP Plc, SABIC, Sasol, PetroChina, Daicel Corporation, Celanese Corporation and among others.

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global acetic acid market, 2015 – 2021, (USD Billion)
    • 2.2. Acetic acid: Market snapshot
  • Chapter 3. Acetic acid Market: Industry Analysis
    • 3.1. Acetic acid: Market dynamics
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Demand for vinegar owing to numerous health benefits
      • 3.3.2. increasing demand of VAM in adhesive and sealant industry
    • 3.4. Restraints
      • 3.4.1. Mature market of acetic anhydride
    • 3.5. Opportunity
      • 3.5.1. Increasing demand for industrial application
    • 3.6. Porter’s Five Forces Analysis
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market attractiveness analysis by application segment
      • 3.7.2. Market attractiveness analysis by regional segment
  • Chapter 4. Global Acetic acid Market: Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global acetic acid market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. Product Portfolio
    • 4.5. Patent Analysis (2011-2016)
      • 4.5.1. Patent Trend
      • 4.5.2. Patent Share by company
      • 4.5.3. By Region
  • Chapter 5. Global Acetic acid Market: Application Overview
    • 5.1. Global acetic acid market share, by application, 2015 and 2021
    • 5.2. Global acetic acid market for board VAM, 2015 – 2021 (Kilo Tons)(USD Billion)
    • 5.3. Global acetic acid market for acetic anhydride, 2015 – 2021 (Kilo Tons)(USD Billion)
    • 5.4. Global acetic acid market for acetate esters, 2015 – 2021 (Kilo Tons)(USD Billion)
    • 5.5. Global acetic acid market for PTA, 2015 – 2021 (Kilo Tons)(USD Billion)
    • 5.6. Global acetic acid market for others, 2015 – 2021 (Kilo Tons) (USD Billion)
  • Chapter 6. Global Acetic acid Market: Regional Analysis
    • 6.1. Global acetic acid market: Regional overview
      • 6.1.1. Global acetic acid market share, by region, 2015 and 2021
    • 6.2. North America
      • 6.2.1. North America acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
      • 6.2.2. North America acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
      • 6.2.3. U.S.
        • 6.2.3.1. U.S. acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
        • 6.2.3.2. U.S. acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
      • 6.3.2. Europe acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
      • 6.3.3. UK
        • 6.3.3.1. UK acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
        • 6.3.3.2. UK acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
      • 6.3.4. France
        • 6.3.4.1. France acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
        • 6.3.4.2. France acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
      • 6.3.5. Germany
        • 6.3.5.1. Germany acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
        • 6.3.5.2. Germany acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia-Pacific acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
      • 6.4.2. Asia-Pacific acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
      • 6.4.3. China
        • 6.4.3.1. China acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
        • 6.4.3.2. China acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
      • 6.4.4. Japan
        • 6.4.4.1. Japan acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
        • 6.4.4.2. Japan acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
      • 6.4.5. India
        • 6.4.5.1. India acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
        • 6.4.5.2. India acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
      • 6.5.2. Latin America acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
      • 6.5.3. Brazil
        • 6.5.3.1. Brazil acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
        • 6.5.3.2. Brazil acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
    • 6.6. Middle East & Africa
      • 6.6.1. Middle East & Africa acetic acid market volume, by application, 2015 – 2021 (Kilo Tons)
      • 6.6.2. Middle East & Africa acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. SABIC
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product portfolio
      • 7.1.4. Business strategy
      • 7.1.5. Recent developments
    • 7.2. Sasol
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. Daicel Corporation
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. LyondellBasell Industries
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. PetroChina
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
    • 7.6. Eastman Chemical Company
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. Jiangsu Sopo Co. Ltd
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. Kingboard Chemical
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. BP Plc
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments

List of Figures

1. Global acetic acid market segmentation by application, and geography
2. Global acetic acid market, 2015 – 2021 (USD Billion)
3. Value chain analysis: Acetic acid market
4. Porter’s five forces analysis: Acetic acid market
5. Market attractiveness analysis by application segment
6. Market attractiveness analysis by regional segment
7. Global Acetic acid Market : Company Market Share, 2015
8. Price Trend Analysis : Acetic acid
9. Patent trend between 2011 -2016
10. Patent Share by Company between 2011 – 2016
11. Patent Share by Region between 2011 – 2016
12. Global acetic acid market share, by application, 2015 -2021
13. Global acetic acid market for VAM, 2015 – 2021 (Kilo Tons)(USD Billion)
14. Global acetic acidmarket for acetic anhydride, 2015 – 2021 (Kilo Tons)(USD Billion)
15. Global acetic acid market for acetate esters, 2015 – 2021 (Kilo Tons)(USD Billion)
16. Global acetic acid market for PTA, 2015 – 2021 (Kilo Tons)(USD Billion)
17. Global acetic acid market for others, 2015 – 2021 (Kilo Tons) (USD Billion)
18. Global acetic acid market share, by region, 2015 – 2021
19. North America acetic acid market, 2015 – 2021, (Kilo Tons) (USD Billion)
20. U.S. acetic acid market, 2015 – 2021, (Kilo Tons) (USD Billion)
21. Europe acetic acid market, 2015 – 2021,(Kilo Tons) (USD Billion)
22. UK acetic acid market, 2015–2021,(Kilo Tons) (USD Billion)
23. France acetic acid market, 2015 – 2021,(Kilo Tons) (USD Billion)
24. Germany acetic acid market, 2015 – 2021, (Kilo Tons) (USD Billion)
25. Asia Pacific acetic acid market, 2015–2021,(Kilo Tons) (USD Billion)
26. China acetic acid market, 2015 – 2021, (Kilo Tons) (USD Billion)
27. Japan acetic acid market, 2015–2021, (Kilo Tons)  (USD Billion)
28. India acetic acid market, 2015 – 2021, (Kilo Tons) (USD Billion)
29. Latin America acetic acid market, 2015-2021, (Kilo Tons) (USD Billion)
30. Brazil acetic acid market, 2015 – 2021, (Kilo Tons) (USD Billion)
31. Middle East & Africa acetic acid market, 2015 – 2021, (Kilo Tons) (USD Billion)


List of Tables

1. Global acetic acid market snapshot
2. Drivers for acetic acid market: Impact analysis
3. Restraints of acetic acid market: Impact analysis
4. North America acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
5. North America acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
6. U.S. acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
7. U.S. acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
8. Europe acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
9. Europe acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
10. UK acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
11. UK acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
12. France acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
13. France acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
14. Germany acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
15. Germany acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
16. Asia-Pacific acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
17. Asia-Pacific acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
18. China acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
19. China acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
20. Japan acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
21. Japan acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
22. India acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
23. India acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
24. Latin America acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
25. Latin America acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
26. Brazil acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
27. Brazil acetic acid market revenue, by application, 2015 – 2021 (USD Billion)
28. Middle East & Africa acetic acid market volume, by application, 2015 – 2021 (KILO TONS)
29. Middle East & Africa acetic acid market revenue, by application, 2015 – 2021 (USD Billion)

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