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Report
Acetic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Application (Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Ethanol, Others), By End User Industry (Food & Beverage, Plastic & Polymers, Paints & Coatings, Pharmaceutical, Others), By Company and By Region
Market Report I 2022-11-01 I 117 Pages I TechSci Research
The global acetic acid market is anticipated to grow at an impressive rate through 2027. Methane carboxylic acid and ethanoic acid are known scientific names for acetic acid, a clear and colorless liquid with a pungent odor. The ordinary meaning of acetic acid is "vinegar," which is very commonly used in the kitchen. The organic compound is made of a carbon atom, and "CH3COOH" is the chemical formula of acetic acid. According to the Department of Health Virginia, acetic acid is 33rd in number, one of the highest in volume among chemicals per production. Acetic acid is low reactive to other molecules in nature. Hence, it is widely used in different industries such as food, industrial purpose, chemical, pharmaceutical, and packaging industries. Therefore, the increase in the population increased the demand for the product and led to the rise in market share of the global acetic market in the projected year.
Growing Demand of Rising Population is Driving Market Share
A growing population means an increase in demand for the product which is needed in daily life. Acetic acid is less reactive than other acids but can react slowly in the long term. Thus, Acetic acid is used by many industries for the production of their final goods. Few products are demanded by many industries for the smooth production of goods. Acetic acid is one of them that is demanded by different industries. Acetic acid is used to manufacture sealants, greases, and polyester. These products are used by many industries, like textiles, packaging, automobiles, and electronics. Hence, there will be a positive impact on the global acetic acid market share.
Due to urbanization and modernization, lifestyle changes drastically, and leisure time is scarce. Thus, the demand for packed foods is increasing to fulfill the need and solve the problem. PET bottles are broadly used for packaging liquid drinks and food because they are flexible, recyclable, and lighter in weight. Industries need PTA (Purified Terephthalic Acid) to produce PET bottles extracted from acetic acid. There is a rise in the consumption of vinegar for curing health issues such as reducing weight, controlling blood pressure and cholesterol levels, and regulating blood sugar. Furthermore, use in medicinal packaging, industrial chemical, edible ingredient, textile compound, and other variables will propel the market share, and it is expected that the global acetic acid market will increase in the forecasted year.
Side-Effect of Acetic Acid on Health is Hindering the Market Growth
Acetic acid can be a hazardous chemical if not handled safely and properly. It is highly acidic when inhaled or contacted with sensitive organs and can lead to organ malfunction or damage. Apart From this, rising consumer awareness about the chemicals can hurdle its adoption rate. Thus, the number of consumers is shifting to a different alternative instead of vinyl acetate monomers. Hence, these factors are going to hurdle growth.
Increasing R&D to Find New Niche is Driving Share
Increasing R&D to find new uses for acetic acid-based products makes this market more attractive. Recently, many companies have set up their R&D plants around the globe to produce innovative products to be first and gain an advantage over this market, as it is expected that the market is going to experience impressive growth in the future. Celanese corporation and other corporations are working on developing new products to increase market revenue.
Market Segmentation
The global acetic acid market is segmented based on application, and end user industry. Based on application type, market is divided into vinyl acetate monomer, purified terephthalic acid, acetate esters, ethanol, and others. Based on end user industry, market is divided into food & beverage, plastic & polymers, paints & coatings, pharmaceutical, and others, by company.
Market Players
Celanese Corporation, INEOS Group, Eastman Chemical Company, Jiangsu SOPO (Group) Co. Ltd, Daicel Corporation, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Helm AG, Pentoky Organy India Limited, Dow Chemicals Company, Indian Oil Corporation are the key players operating in the Global Acetic Acid Market.
Report Scope:
In this report, Global Acetic Acid Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Acetic Acid Market, By Application Type:
o Vinyl Acetate Monomer
o Purified Terephthalic Acid
o Acetate Esters
o Ethanol
o Others
- Acetic Acid Market, By End User Industry:
o Food & Beverage
o Plastic & Polymers
o Paints & Coatings
o Pharmaceutical
o Others
- Acetic Acid Market, By Region:
o North America
- United States
- Canada
- Mexico
o Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
o Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
o South America
- Brazil
- Argentina
- Colombia
o Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Acetic Acid Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Acetic Acid Market
5. Impact of Russia-Ukraine War Crisis on Global Acetic Acid Market
6. Voice of Customer
7. Global Acetic Acid Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Application (Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Ethanol, Others)
7.2.2. By End User Industry (Food & Beverage, Plastic & Polymers, Paints & Coatings, Pharmaceutical, Others)
7.2.3. By Region
7.2.4. By Company (2021)
7.3. Product Market Map
8. North America Acetic Acid Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Application
8.2.2. By End User Industry
8.2.3. By Country
8.3. Pricing Analysis
8.4. North America: Country Analysis
8.4.1. United States Acetic Acid Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Application
8.4.1.2.2. By End User Industry
8.4.2. Mexico Acetic Acid Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Application
8.4.2.2.2. By End User Industry
8.4.3. Canada Acetic Acid Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Application
8.4.3.2.2. By End User Industry
9. Europe Acetic Acid Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By End User Industry
9.2.3. By Country
9.3. Pricing Analysis
9.4. Europe: Country Analysis
9.4.1. France Acetic Acid Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Application
9.4.1.2.2. By End User Industry
9.4.2. Germany Acetic Acid Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Application
9.4.2.2.2. By End User Industry
9.4.3. United Kingdom Acetic Acid Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Application
9.4.3.2.2. By End User Industry
9.4.4. Italy Acetic Acid Market Outlook
9.4.4.1. Market Size & Forecast
9.4.4.1.1. By Value & Volume
9.4.4.2. Market Share & Forecast
9.4.4.2.1. By Application
9.4.4.2.2. By End User Industry
9.4.5. Spain Acetic Acid Market Outlook
9.4.5.1. Market Size & Forecast
9.4.5.1.1. By Value & Volume
9.4.5.2. Market Share & Forecast
9.4.5.2.1. By Application
9.4.5.2.2. By End User Industry
10. Asia-Pacific Acetic Acid Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Application
10.2.2. By End User Industry
10.2.3. By Country
10.3. Pricing Analysis
10.4. Asia-Pacific: Country Analysis
10.4.1. China Acetic Acid Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Application
10.4.1.2.2. By End User Industry
10.4.2. India Acetic Acid Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Application
10.4.2.2.2. By End User Industry
10.4.3. South Korea Acetic Acid Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Application
10.4.3.2.2. By End User Industry
10.4.4. Japan Acetic Acid Market Outlook
10.4.4.1. Market Size & Forecast
10.4.4.1.1. By Value & Volume
10.4.4.2. Market Share & Forecast
10.4.4.2.1. By Application
10.4.4.2.2. By End User Industry
10.4.5. Australia Acetic Acid Market Outlook
10.4.5.1. Market Size & Forecast
10.4.5.1.1. By Value & Volume
10.4.5.2. Market Share & Forecast
10.4.5.2.1. By Application
10.4.5.2.2. By End User Industry
11. South America Acetic Acid Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Application
11.2.2. By End User Industry
11.2.3. By Country
11.3. Pricing Analysis
11.4. South America: Country Analysis
11.4.1. Brazil Acetic Acid Market Outlook
11.4.1.1. Market Size & Forecast
11.4.1.1.1. By Value & Volume
11.4.1.2. Market Share & Forecast
11.4.1.2.1. By Application
11.4.1.2.2. By End User Industry
11.4.2. Argentina Acetic Acid Market Outlook
11.4.2.1. Market Size & Forecast
11.4.2.1.1. By Value & Volume
11.4.2.2. Market Share & Forecast
11.4.2.2.1. By Application
11.4.2.2.2. By End User Industry
11.4.3. Colombia Acetic Acid Market Outlook
11.4.3.1. Market Size & Forecast
11.4.3.1.1. By Value & Volume
11.4.3.2. Market Share & Forecast
11.4.3.2.1. By Application
11.4.3.2.2. By End User Industry
12. Middle East and Africa Acetic Acid Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Share & Forecast
12.2.1. By Application
12.2.2. By End User Industry
12.2.3. By Country
12.3. Pricing Analysis
12.4. MEA: Country Analysis
12.4.1. South Africa Acetic Acid Market Outlook
12.4.1.1. Market Size & Forecast
12.4.1.1.1. By Value & Volume
12.4.1.2. Market Share & Forecast
12.4.1.2.1. By Application
12.4.1.2.2. By End User Industry
12.4.2. Saudi Arabia Acetic Acid Market Outlook
12.4.2.1. Market Size & Forecast
12.4.2.1.1. By Value & Volume
12.4.2.2. Market Share & Forecast
12.4.2.2.1. By Application
12.4.2.2.2. By End User Industry
12.4.3. UAE Acetic Acid Market Outlook
12.4.3.1. Market Size & Forecast
12.4.3.1.1. By Value & Volume
12.4.3.2. Market Share & Forecast
12.4.3.2.1. By Application
12.4.3.2.2. By End User Industry
13. Market Dynamics
13.1. Drivers
13.2. Challenges
14. Market Trends & Developments
15. Competitive Landscape
15.1. Celanese Corporation
15.2. INEOS Group
15.3. Eastman Chemical Company
15.4. Jiangsu SOPO (Group) Co. Ltd
15.5. Daicel Corporation
15.6. Gujarat Narmada Valley Fertilizers & Chemicals Limited
15.7. Helm AG
15.8. Pentoky Organy India Limited
15.9. Dow Chemicals Company
15.10. Indian Oil Corporation
16. Strategic Recommendations
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