Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

$ 1799


Acetic acid or ethanoic acid is one of the simplest carboxylic acids with a strong, sour and pungent smell. It is commonly known in every household as the key ingredient of vinegar. It is, however, also an important feedstock used in the manufacturing process of various other industrial chemicals ranging from synthetic polymers to esters. According to IMARC Group’s new report “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global acetic acid production has grown at a CAGR of more than 6.2% during 2010-2017. The report provides a comprehensive insight into the industry including its market break-up by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of acetic acid covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.

The report has segmented the global acetic acid market on the basis of its end-uses. Acetic acid is used during the manufacturing process of a number of products such as dye stuffs, perfumes, synthetic fibers, textiles, inks, dyes, soft drink bottles, rubbers, plastics, pesticides, wood glues, photographic films, etc. Moreover, acetic acid is also used as a food additive and solvent for many industrial processes. Its largest end-user is the vinyl acetate monomer (VAM) manufacturing industry which accounts for around a third of the total global consumption. Other segments with high consumption of acetic acid include - purified terephthalic acid, acetic anhydride, ethyl acetate and butyl acetate manufacturing industries.

Acetic Acid Market Price

Furthermore, the report has also provided a geographical segmentation of the global acetic acid market and found that Asia represents the biggest producer, accounting for the majority of the total global production. Asia is followed by North America, Europe, Middle East and Africa. Currently, the biggest importing countries of acetic acid include Belgium, India, Mexico, Germany and Brazil. The United States, on the other hand, represents the world's largest exporter of acetic acid.

The report has also analysed the key players operating in the acetic acid market. According to the report, the largest manufacturer of acetic acid is British Petroleum Chemicals accounting for around a third of the total global production. British Petroleum Chemicals is followed by Celanese, Shanghai Wujing, Jiangsu Sopo and Reliance.

The essential aspects of the global acetic acid market evaluated in the report include:

  • Market trends
  • Major regions
  • Key application areas
  • Key manufacturers
  • Price trends
  • Raw material requirements
  • Chemical reactions involved in the manufacturing process
  • Major importers and exporters
  • Value chain analysis
  • Market trends for major feedstocks
  • Price trends for major feedstocks
  • Key regions for major feedstocks
  • Key application areas for major feedstocks
  • Key players for major feedstocks                          

1    Preface
2    Scope and Methodology
    
2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Properties
5    Global Acetic Acid Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
    5.3    Price Analysis
        5.3.1 Price Indicators
        5.3.2 Price Structure
        5.3.3 Price Trends
    5.4    Market Breakup by Region
    5.5    Market Breakup by Application
    5.6    Market Breakup by End Use Industry
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Strengths
        5.8.2    Weaknesses
        5.8.3    Opportunities
        5.8.4    Threats
    5.9    Value Chain Analysis
        5.9.1 Raw Material Procurement
        5.9.2 Manufacturing
        5.9.3 Marketing
        5.9.4 Distribution
        5.9.5 Exports
        5.9.6 End-Use
    5.10    Porter’s Five Forces Analysis
        5.10.1 Overview
        5.10.2 Bargaining Power of Buyers
        5.10.3 Bargaining Power of Suppliers
        5.10.4 Degree of Competition
        5.10.5 Threat of New Entrants
        5.10.6 Threat of Substitutes
    5.11    Trade Data
        5.11.1 Imports
        5.11.2 Exports
    5.12    Key Market Drivers and Success Factors
6    Performance of Key Regions
    6.1    China
    6.2    North America
    6.3    Western/Eastern Europe
    6.4    North East Asia
    6.5    South East Asia
    6.6    Middle East & Africa
7    Market by Application
    7.1    VAM
    7.2    PTA
    7.3    Anhydride
    7.4    Ethyl Acetate
    7.5    Butyl Acetate
    7.6    Others
8       Market By End Use Industry
    8.1 Plastics & Polymers
    8.2 Food & Beverage
    8.3 Inks, Paints & Coatings
    8.4 Chemicals
    8.5 Pharmaceuticals
    8.6 Others
9       Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
    9.3    Profiles of Major Players
       9.3.1  British Petroleum Plc
       9.3.2  Celanese Corporation
       9.3.3  Daicel Corporation
       9.3.4  DuPont
       9.3.5  Eastman Chemical Company
       9.3.6  GNFC Limited
       9.3.7  HELM AG
       9.3.8  LyondellBasell Industries N.V.
       9.3.9  Mitsubishi Chemical Corporation
       9.3.10 PetroChina
       9.3.11 SABIC
       9.3.12 Showa Denko K.K.
       9.3.13 Sinopec
       9.3.14 Svensk Etanolkemi AB (SEKAB)
       9.3.15 Wacker Chemie AG 
10    Acetic Acid Manufacturing Process
    10.1    Product Overview
    10.2    Chemical Reactions Involved
    10.3    Detailed Process Flow
    10.4    Raw Material Requirement
    10.5    Mass Balance and Feedstock Conversion Rate
11    Acetic Acid: Feedstock Analysis
    11.1    Methanol
        11.1.1 Market Performance
            11.1.1.1 Volume Trend
            11.1.1.2 Value Trend
        11.1.2 Price Trend
        11.1.3 Market Breakup by Region
        11.1.4 Key Suppliers
    11.2    Carbon Monoxide
        11.2.1 Market Performance
            11.2.1.1 Volume Trend
            11.2.1.2 Value Trend
        11.2.2 Price Trend
        11.2.3 Key Suppliers

List of Figures

Figure 1: Global: Acetic Acid Industry Overview
Figure 2: Global: Acetic Acid Market: Production Volume Trends (in Million Tons), 2010-2017
Figure 3: Global: Acetic Acid Market: Production Value Trends (in Billion US$), 2010 - 2017
Figure 4: Global: Acetic Acid Price Trends (in US$/Ton), 2010 - 2017
Figure 5: Global: Acetic Acid Market: Breakup by Region (in %), 2017
Figure 6: Global: Acetic Acid Market: Breakup by End-Use (in %), 2017
Figure 7: Global: Acetic Acid Market Forecast: Production Volume Trends (in Million Tons), 2018-2023
Figure 8: Global: Acetic Acid Market Forecast: Production Value Trends (in Billion US$), 2018-2023
Figure 9: Global: Acetic Acid Industry: SWOT Analysis
Figure 10: Global: Acetic Acid Industry: Value Chain Analysis
Figure 11: Global: Acetic Acid Industry: Porter’s Five Forces Analysis
Figure 12: Global: Acetic Acid Market: Import Volume Breakup by Country
Figure 13: Belgium: Acetic Acid Market: Import Volume Trend (in Tons)
Figure 14: Global: Acetic Acid Market: Export Volume Breakup by Country
Figure 15: USA: Acetic Acid Market: Export Volume Trend (in Tons)
Figure 16: China: Acetic Acid Market (in Million Tons), 2010, 2017 & 2023
Figure 17: North America: Acetic Acid Market (in Million Tons), 2010, 2017 & 2023
Figure 18: Western/Eastern Europe: Acetic Acid Market (in Million Tons), 2010, 2017 & 2023
Figure 19: North East Asia: Acetic Acid Market (in Million Tons), 2010, 2017 & 2023
Figure 20: South East Asia: Acetic Acid Market (in Million Tons), 2010, 2017 & 2023
Figure 21: Middle East & Africa: Acetic Acid Market (in Million Tons), 2010, 2017 & 2023
Figure 22: Global Acetic Acid Market: VAM (in Million Tons), 2010, 2017 & 2023
Figure 23: Global Acetic Acid Market: PTA (in Million Tons), 2010, 2017 & 2023
Figure 24: Global Acetic Acid Market: Anhydride (in Million Tons), 2010, 2017 & 2023
Figure 25: Global Acetic Acid Market: Ethyl Acetate (in Million Tons), 2010, 2017 & 2023
Figure 26: Global Acetic Acid Market: Butyl Acetate Market (in Million Tons), 2010, 2017 & 2023
Figure 27: Global Acetic Acid Market: Other Applications (in Million Tons), 2010, 2017 & 2023
Figure 28: Global: Acetic Acid Market: Market Share of Key Players (in %)
Figure 29: Acetic Acid Manufacturing Process: Detailed Process Flow
Figure 30: Global: Acetic Acid Manufacturing Process: Conversion Rate of Products
Figure 31: Global: Methanol Market: Production Volume Trends (in Million Tons), 2010-2017 
Figure 32: Global: Methanol Market: Production Value Trends (in Million Tons), 2010-2017 
Figure 33: Global: Methanol Market: Price Trends (in US$/Ton), 2010-2023
Figure 34: Global: Methanol Market: Breakup by End-Use (in %) 
Figure 35: Global: Carbon Monoxide Market: Production Volume Trends (in Million US$), 2010-2017 
Figure 36: Global: Carbon Monoxide Market: Production Value Trends (in Million US$), 2010-2017 
Figure 37: Global: Carbon Monoxide Market: Price Trends (in US$/Ton), 2010-2023



List of Tables

Table 1: Acetic Acid: Physical Properties
Table 2: Acetic Acid: Chemical Properties
Table 3: Global: Acetic Acid Market: Key Industry Highlights, 2017 and 2023
Table 4: Global: Acetic Acid Market Forecast: Breakup by Region, 2018-2023
Table 5: Global: Acetic Acid Market: Imports by Major Countries
Table 6: Global: Acetic Acid Market: Exports by Major Countries
Table 7: Global: Acetic Acid Market: Competitive Structure
Table 8: Acetic Acid Manufacturing: Raw Materials Required
Table 9: Global: Methanol Market: Major Players


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