Market Overview:
The Asia Pacific acetic acid market is currently witnessing steady growth. Acetic acid is a colorless compound produced by the fermentation or oxidation of natural carbohydrates. Also known as ethanoic acid, acetic acid is widely utilized as a cleaning agent in households. Moreover, it is used to produce volatile organic acetate, metal acetate, and vinyl acetate monomer (VAM).
Acetic acid is widely utilized in the production of greases, coatings, polyesters and sealants, which find extensive applications in numerous industries, such as electronics, automobiles, textiles and packaging. The extensive growth in these industries represents one of the major factors driving the market growth in the Asia Pacific region. Moreover, as acetic acid is used in the manufacturing of vinegar, a rise in the consumption of the condiment is strengthening the growth of the market. Apart from this, leading players are investing in research and development (R&D) projects to reduce the energy consumption while producing the acid and minimize the overall operating costs. However, due to the surging cases of the coronavirus disease (COVID-19), governments of various countries have imposed lockdowns, which have halted operations at various manufacturing units and hindered international trade. The industry will experience growth once lockdown restrictions are relaxed in these countries. Looking forward, the market is expected to continue its steady growth during the forecast period (2021-2026).
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific acetic acid market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application and end use industry.
Breakup by Application:
- VAM
- PTA
- Anhydride
- Ethyl Acetate
- Butyl Acetate
- Others
Breakup by End Use Industry:
- Plastics & Polymers
- Food & Beverage
- Inks, Paints & Coatings
- Chemicals
- Pharmaceuticals
- Others
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Questions Answered in This Report:
- How has the Asia Pacific acetic acid market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific acetic acid market?
- What are the key regional markets?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Asia Pacific acetic acid market and who are the key players?
- What is the degree of competition in the industry?
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 Key Industry Trends
5 Asia Pacific Acetic Acid Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 VAM
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 PTA
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Anhydride
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Ethyl Acetate
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Butyl Acetate
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Plastics & Polymers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Food & Beverage
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Inks, Paints & Coatings
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Chemicals
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Pharmaceuticals
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Country
8.1 China
8.1.1 Market Trends
8.1.2 Market Breakup by Application
8.1.3 Market Breakup by End Use Industry
8.1.4 Market Forecast
8.2 Japan
8.2.1 Market Trends
8.2.2 Market Breakup by Application
8.2.3 Market Breakup by End Use Industry
8.2.4 Market Forecast
8.3 India
8.3.1 Market Trends
8.3.2 Market Breakup by Application
8.3.3 Market Breakup by End Use Industry
8.3.4 Market Forecast
8.4 South Korea
8.4.1 Market Trends
8.4.2 Market Breakup by Application
8.4.3 Market Breakup by End Use Industry
8.4.4 Market Forecast
8.5 Australia
8.5.1 Market Trends
8.5.2 Market Breakup by Application
8.5.3 Market Breakup by End Use Industry
8.5.4 Market Forecast
8.6 Indonesia
8.6.1 Market Trends
8.6.2 Market Breakup by Application
8.6.3 Market Breakup by End Use Industry
8.6.4 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Breakup by Application
8.7.3 Market Breakup by End Use Industry
8.7.4 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Policy and Regulatory Landscape
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: Asia Pacific: Acetic Acid Market: Major Drivers and Challenges
Figure 2: Asia Pacific: Acetic Acid Market: Volume Trends (in Million Tons), 2015-2020
Figure 3: Asia Pacific: Acetic Acid Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 4: Asia Pacific: Acetic Acid Market: Breakup by Application (in %), 2020
Figure 5: Asia Pacific: Acetic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 6: Asia Pacific: Acetic Acid Market: Breakup by Country (in %), 2020
Figure 7: Asia Pacific: Acetic Acid (VAM) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 8: Asia Pacific: Acetic Acid (VAM) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 9: Asia Pacific: Acetic Acid (PTA) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 10: Asia Pacific: Acetic Acid (PTA) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 11: Asia Pacific: Acetic Acid (Anhydride) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 12: Asia Pacific: Acetic Acid (Anhydride) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 13: Asia Pacific: Acetic Acid (Ethyl Acetate) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 14: Asia Pacific: Acetic Acid (Ethyl Acetate) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 15: Asia Pacific: Acetic Acid (Butyl Acetate) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 16: Asia Pacific: Acetic Acid (Butyl Acetate) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 17: Asia Pacific: Acetic Acid (Other Applications) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 18: Asia Pacific: Acetic Acid (Other Applications) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 19: Asia Pacific: Acetic Acid (Plastics & Polymers) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 20: Asia Pacific: Acetic Acid (Plastics & Polymers) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 21: Asia Pacific: Acetic Acid (Food & Beverage) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 22: Asia Pacific: Acetic Acid (Food & Beverage) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 23: Asia Pacific: Acetic Acid (Inks, Paints & Coatings) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 24: Asia Pacific: Acetic Acid (Inks, Paints & Coatings) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 25: Asia Pacific: Acetic Acid (Chemicals) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 26: Asia Pacific: Acetic Acid (Chemicals) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 27: Asia Pacific: Acetic Acid (Pharmaceuticals) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 28: Asia Pacific: Acetic Acid (Pharmaceuticals) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 29: Asia Pacific: Acetic Acid (Other End Use Industries) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 30: Asia Pacific: Acetic Acid (Other End Use Industries) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 31: China: Acetic Acid Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 32: China: Acetic Acid Market: Breakup by Application (in %), 2020
Figure 33: China: Acetic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 34: China: Acetic Acid Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 35: Japan: Acetic Acid Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 36: Japan: Acetic Acid Market: Breakup by Application (in %), 2020
Figure 37: Japan: Acetic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 38: Japan: Acetic Acid Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 39: India: Acetic Acid Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 40: India: Acetic Acid Market: Breakup by Application (in %), 2020
Figure 41: India: Acetic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 42: India: Acetic Acid Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 43: South Korea: Acetic Acid Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 44: South Korea: Acetic Acid Market: Breakup by Application (in %), 2020
Figure 45: South Korea: Acetic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 46: South Korea: Acetic Acid Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 47: Australia: Acetic Acid Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 48: Australia: Acetic Acid Market: Breakup by Application (in %), 2020
Figure 49: Australia: Acetic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 50: Australia: Acetic Acid Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 51: Indonesia: Acetic Acid Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 52: Indonesia: Acetic Acid Market: Breakup by Application (in %), 2020
Figure 53: Indonesia: Acetic Acid Market: Breakup by End Use Industry (in %), 2020
Figure 54: Indonesia: Acetic Acid Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 55: Others: Acetic Acid Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 56: Others: Acetic Acid Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 57: Asia Pacific: Acetic Acid Industry: SWOT Analysis
Figure 58: Asia Pacific: Acetic Acid Industry: Value Chain Analysis
Figure 59: Asia Pacific: Acetic Acid Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Asia Pacific: Acetic Acid Market: Key Industry Highlights, 2020 and 2026
Table 2: Asia Pacific: Acetic Acid Market Forecast: Breakup by Application (in Million Tons), 2021-2026
Table 3: Asia Pacific: Acetic Acid Market Forecast: Breakup by End Use Industry (in Million Tons), 2021-2026
Table 4: Asia Pacific: Acetic Acid Market Forecast: Breakup by Country (in Million Tons), 2021-2026
Table 5: Asia Pacific: Acetic Acid Market: Competitive Structure
Table 6: Asia Pacific: Acetic Acid Market: Key Players