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Acetic Acid Market By Application Analysis (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetate Esters, Acetic Anhydride & Others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Acetic acid is one of the raw materials used in manufacturing chemicals such as vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters, and acetic anhydride. These chemicals are further used in various end user industries such as automobile, construction, and textiles. This report includes the overall acetic acid market by its application and by geography.

This study provides forecasts of the major regions and market trends affecting global acetic acid demand. The study also includes an analysis of the major factors driving and restraining the market growth. The study presents a complete analysis of the global acetic acid market, covering all its major parameters.By application types, it includes vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters, and acetic anhydride, among others. Geography includes regions such as North America, Europe, Asia Pacific, and RoW. Where each market share of each is analyzed and estimates are provided for the next seven years.

Adopting innovative technologies provides companies a competitive advantage to enhance their market share. Major players in this market are DuPont, BASF SE, Showa Denko K.K, Jiangsu Sopo (Group) Co., Ltd, British Petroleum (BP), Celanese, and Eastman Chemicals.

Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within the acetic acid market
  • Market drivers, market restraints, and their impact on the market growth
  • In-depth competitive analysis of players present in the marketSRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global acetic acid market of growth offering market size and estimates for the period from 2015 to 2022, keeping in mind the above-mentioned factors.

The application segments covered in the study include vinyl acetate monomer, purified terephthalic acid (PTA), acetate esters and acetic anhydride, and others. Vinyl acetate monomer is the largest application segment for acetic acid. It accounted for 33% share of the market in 2014 in terms of volume and revenue.

In 2014, the consumption of acetic acid in the manufacturing of VAM generated revenue of USD 2,994.75 million. The market is mainly driven by the huge demand for VAM from the adhesive and sealant industry. The acetate Esters segment is projected to be the market's highest growth segment, primarily driven by the growing demand from the coatings industry.

Based on geography, the global acetic acid market is segmented into the following regions

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • Rest of RoW

Globally, Asia Pacific is the largest and fastest growing market of acetic acid. In the Asia Pacific, China accounts for more than 35% share of the market. On the other hand, North America and Europe are comparatively mature markets and are projected to witness average growth rates during the forecast period.

Frequently Asked Questions

The market for Acetic Acid is expected to reach USD 2,994.75 Mn in 2022.

The Acetic Acid market is expected to see significant CAGR growth over the coming years, at 7.9%.

The report is forecasted from 2015-2022

The base year of this report is 2014.

DuPont, BASF SE, Showa Denko K.K, Jiangsu Sopo (Group) Co., Ltd, British Petroleum (BP), Celanese, and Eastman Chemicals are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Apr 2016
Category:  Chemicals
Report ID:   57808
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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