The global industrial acetic acid market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for acetic acid in various applications such as vinyl acetate monomer, terephthalic acid, acetic anhydride, acetate esters, ketene and monochloroacetic acid. Acetate esters are used in the production of polyvinyl acetate and polyvinyl alcohol which are used in various applications such as adhesives and coatings. Acetates are also used as solvents for cellulose acetates which are used in photographic film and paper production.
The global industrial acetic acid market is segmented on the basis of type into carbonylation of methanol, hydrocarbon oxidation, paraffin oxidation and oxidation of olefins; on the basis of application into vinyl acetate monomer (PVC), terephthalic acid (TPA), acetic anhydride (AA), acetate esters (AE) ketene (KET) and monochloroacetic acids; by region into North America, Latin America Europe Asia Pacific Middle East & Africa; by country into US, Canada Mexico Brazil China India Japan South Korea Taiwan Thailand Vietnam Indonesia Malaysia Philippines Australia New Zealand Saudi Arabia Iran Kuwait Qatar UAE Oman Bahrain Kuwait Iraq Jordan Lebanon Syria Yemen Egypt Libya Sudan Nigeria Kenya Uganda Tanzania Rwanda Burundi Ethiopia Kenya Uganda Rwanda Burundi Ethiopia Kenya Uganda Rwanda Burundi Ethiopia Kenya Uganda Rwanda Burundi Ethiopia Kenya Uganda Rwanda Burundi Ethiopia Kenya Uganda Rwanda Burundi Ethiopia Kenya Uganda Rwanda Burundi Ethiopia Kenyan.
- The growth of the global industrial acetic acid market is driven by factors such as increasing demand for acetic acid in various industries such as food and beverage, pharmaceuticals, and others; growing demand for bio-based chemicals; rising awareness about environmental issues; and stringent regulations on emissions from chemical plants.
- However, high production cost may hamper the growth of this market during the forecast period.
- Increasing use of renewable energy sources will also drive this market during the forecast period due to its low carbon footprint which helps in reducing greenhouse gas emissions from power plants that are responsible for climate change effects like melting ice caps or rising sea levels which can lead to flooding or drought conditions among other things.
Industry Growth Insights published a new data on “Industrial Acetic Acid Market”. The research report is titled “Industrial Acetic Acid Market research by Types (Carbonylation of Methanol, Hydrocarbon Oxidation, Paraffin Oxidation, Oxidation of Olefins, Other), By Applications (Vinyl Acetate Monomer, Terephthalic Acid, Acetic Anhydride, Acetate Esters, Ketene, Monochloroacetic, Dimethylacetamide, Others), By Players/Companies BASF, Saudi International Petrochemical Company, Montedison, Mitsubishi Chemical Corporation, Hoechst AG, Wacker Chemie AG, BP Chemicals, Celanese, Union Carbide Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Acetic Acid Market Research Report
By Type
Carbonylation of Methanol, Hydrocarbon Oxidation, Paraffin Oxidation, Oxidation of Olefins, Other
By Application
Vinyl Acetate Monomer, Terephthalic Acid, Acetic Anhydride, Acetate Esters, Ketene, Monochloroacetic, Dimethylacetamide, Others
By Companies
BASF, Saudi International Petrochemical Company, Montedison, Mitsubishi Chemical Corporation, Hoechst AG, Wacker Chemie AG, BP Chemicals, Celanese, Union Carbide Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Acetic Acid Market Report Segments:
The global Industrial Acetic Acid market is segmented on the basis of:
Types
Carbonylation of Methanol, Hydrocarbon Oxidation, Paraffin Oxidation, Oxidation of Olefins, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vinyl Acetate Monomer, Terephthalic Acid, Acetic Anhydride, Acetate Esters, Ketene, Monochloroacetic, Dimethylacetamide, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Saudi International Petrochemical Company
- Montedison
- Mitsubishi Chemical Corporation
- Hoechst AG
- Wacker Chemie AG
- BP Chemicals
- Celanese
- Union Carbide Corporation
Highlights of The Industrial Acetic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbonylation of Methanol
- Hydrocarbon Oxidation
- Paraffin Oxidation
- Oxidation of Olefins
- Other
- By Application:
- Vinyl Acetate Monomer
- Terephthalic Acid
- Acetic Anhydride
- Acetate Esters
- Ketene
- Monochloroacetic
- Dimethylacetamide
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Acetic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial acetic acid is a colorless, flammable liquid with a sour odor. It is used in manufacturing, as a solvent and in the food industry.
Some of the key players operating in the industrial acetic acid market are BASF, Saudi International Petrochemical Company, Montedison, Mitsubishi Chemical Corporation, Hoechst AG, Wacker Chemie AG, BP Chemicals, Celanese, Union Carbide Corporation.
The industrial acetic acid market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Acetic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Acetic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Acetic Acid Market - Supply Chain
4.5. Global Industrial Acetic Acid Market Forecast
4.5.1. Industrial Acetic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Acetic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Acetic Acid Market Absolute $ Opportunity
5. Global Industrial Acetic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Acetic Acid Market Size and Volume Forecast by Type
5.3.1. Carbonylation of Methanol
5.3.2. Hydrocarbon Oxidation
5.3.3. Paraffin Oxidation
5.3.4. Oxidation of Olefins
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Acetic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Acetic Acid Market Size and Volume Forecast by Application
6.3.1. Vinyl Acetate Monomer
6.3.2. Terephthalic Acid
6.3.3. Acetic Anhydride
6.3.4. Acetate Esters
6.3.5. Ketene
6.3.6. Monochloroacetic
6.3.7. Dimethylacetamide
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Acetic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Acetic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Acetic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Acetic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Acetic Acid Demand Share Forecast, 2019-2026
9. North America Industrial Acetic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Acetic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Acetic Acid Market Size and Volume Forecast by Application
9.4.1. Vinyl Acetate Monomer
9.4.2. Terephthalic Acid
9.4.3. Acetic Anhydride
9.4.4. Acetate Esters
9.4.5. Ketene
9.4.6. Monochloroacetic
9.4.7. Dimethylacetamide
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Acetic Acid Market Size and Volume Forecast by Type
9.7.1. Carbonylation of Methanol
9.7.2. Hydrocarbon Oxidation
9.7.3. Paraffin Oxidation
9.7.4. Oxidation of Olefins
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Acetic Acid Demand Share Forecast, 2019-2026
10. Latin America Industrial Acetic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Acetic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Acetic Acid Market Size and Volume Forecast by Application
10.4.1. Vinyl Acetate Monomer
10.4.2. Terephthalic Acid
10.4.3. Acetic Anhydride
10.4.4. Acetate Esters
10.4.5. Ketene
10.4.6. Monochloroacetic
10.4.7. Dimethylacetamide
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Acetic Acid Market Size and Volume Forecast by Type
10.7.1. Carbonylation of Methanol
10.7.2. Hydrocarbon Oxidation
10.7.3. Paraffin Oxidation
10.7.4. Oxidation of Olefins
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Acetic Acid Demand Share Forecast, 2019-2026
11. Europe Industrial Acetic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Acetic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Acetic Acid Market Size and Volume Forecast by Application
11.4.1. Vinyl Acetate Monomer
11.4.2. Terephthalic Acid
11.4.3. Acetic Anhydride
11.4.4. Acetate Esters
11.4.5. Ketene
11.4.6. Monochloroacetic
11.4.7. Dimethylacetamide
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Acetic Acid Market Size and Volume Forecast by Type
11.7.1. Carbonylaion of Methanol
11.7.2. Hydrocarbon Oxidation
11.7.3. Paraffin Oxidation
11.7.4. Oxidation of Olefins
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Acetic Acid Demand Share, 2019-2026
12. Asia Pacific Industrial Acetic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Acetic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Acetic Acid Market Size and Volume Forecast by Application
12.4.1. Vinyl Acetate Monomer
12.4.2. Terephthalic Acid
12.4.3. Acetic Anhydride
12.4.4. Acetate Esters
12.4.5. Ketene
12.4.6. Monochloroacetic
12.4.7. Dimethylacetamide
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Acetic Acid Market Size and Volume Forecast by Type
12.7.1. Carbonylation of Methanol
12.7.2. Hydrocarbon Oxidation
12.7.3. Paraffin Oxidation
12.7.4. Oxidation of Olefins
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Acetic Acid Demand Share, 2019-2026
13. Middle East & Africa Industrial Acetic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Acetic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Acetic Acid Market Size and Volume Forecast by Application
13.4.1. Vinyl Acetate Monomer
13.4.2. Terephthalic Acid
13.4.3. Acetic Anhydride
13.4.4. Acetate Esters
13.4.5. Ketene
13.4.6. Monochloroacetic
13.4.7. Dimethylacetamide
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Acetic Acid Market Size and Volume Forecast by Type
13.7.1. Carbonylation of Methanol
13.7.2. Hydrocarbon Oxidation
13.7.3. Paraffin Oxidation
13.7.4. Oxidation of Olefins
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Acetic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Acetic Acid Market: Market Share Analysis
14.2. Industrial Acetic Acid Distributors and Customers
14.3. Industrial Acetic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Saudi International Petrochemical Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Montedison
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Chemical Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hoechst AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wacker Chemie AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BP Chemicals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Celanese
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Union Carbide Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
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