Global Acetic Acid Market 2015-2026 - Trends, COVID-19 impact and Growth Forecasts to 2026
Global Acetic Acid Market by application (Vinyl acetate, purified terephthalic acid, Acetate esters, Acetic anhydride, and others), by region (APAC, North America, Europe, South America, Middle East a
Acetic acid is a simple monocarboxylic acid. It acts as a chemical intermediate in the manufacture of coatings, and sealants that are mainly used in the end use industries such as construction, electronics, and packaging . It is also used as a major precursor for the production of various chemicals used in textile, rubber and plastic industries among others.
This report has the following objectives.
- To analyse and forecast the size of the acetic acid market in terms of value and volume
- To shed light on the different applications which would secure growth for the acetic acid market.
- To forecast the size of the market segments for regions such as APAC, North America, Europe, South America, and the Middle East & Africa
Markets covered
Based on application, the global Acetic acid market has been classified as Vinyl acetate, purified terephthalic acid, Acetate esters, Acetic anhydride, and others.
The global acetic acid market, by region, has been studied across five major regions, namely, Asia-Pacific, North America, the Middle East & Africa, Europe, and Latin America.
Years covered
- Historical period: 2015 to 2020
- Forecast period: 2021 to 2026
Stakeholder
Traders and distributors of acetic acid
- Acetic acid manufacturers
- Raw material suppliers
- Government bodies
Summary
Global Market Overview
The global Acetic acid market, which grew from US$X.XX billion in 2015 to US$X.XX billion in 2019, dropped marginally to US$13.4 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.XX billion and increase to US$X.XX billion in 2026 at a CAGR of X.XX%. Cumulatively the market is expected to value US$X.XX billion during the forecast period as compared to US$X.XX billion during the historical period.
Regional Market Overview
The APAC region is expected to account for a majority of Acetic acid demand over the forecast period, with the market expected to cumulatively value US$X.XX billion over the forecast period. Europe is expected to be the second largest with a total value of US$X.XX billion, followed by North America (US$X.XX billion), Middle east & Africa (US$X.XX billion) and South America (US$X.XX billion).
Application in Regional Markets
The APAC market for Acetic acid used in the fluorocarbon end use, which grew from US$X.XX billion in 2015 to US$X.XX billion in 2019, dropped marginally to US$X.XX billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.XX billion and increase to US$X.XX billion in 2026 at a CAGR of X.XX%. Cumulatively the market is expected to value US$X.XX billion during the forecast period as compared to US$X.XX billion during the historical period
Key Markets Overview
China is the leading Acetic acid market. Consolidation between medium and large acetic acid manufacturers is expected as the Chinese government has been encouraging industry consolidation to enhance competitiveness in the world market.
| Executive summary |
| Table of contents |
| List of tables |
| List of figures |
| Chapter-1: Introduction |
| 1.1 Objective of the report |
| 1.2 Market definition |
| 1.3 Scope of the report |
| 1.3.1 Markets covered |
| 1.3.2 Years covered |
| 1.4 Conventions |
| 1.5 Stakeholder |
| 1.6 Summary methodology |
| 1.7 Data collection |
| 1.7.1 Secondary research |
| 1.7.2 Primary research |
| 1.8 Market size estimation |
| 1.8.1 Bottom-up approach |
| 1.8.2 Top-down approach |
| 1.9 Data triangulation |
| 1.10 Assumptions and limitations |
| 1.11 COVID-19 impact |
| Chapter-2: Segment Analysis |
| 2.1.1 Market overview, 2015-2026 (US$ billion) |
| 2.1.2 Market overview, 2015-2026 (million tons) |
| 2.2.1 Acetic Acid market: vinyl acetate (US$ billion) |
| 2.2.2 Acetic Acid market: vinyl acetate (million tons) |
| 2.3.1 Acetic Acid market: purified terephthalic acid (PTA) (US$ billion) |
| 2.3.2 Acetic Acid market: purified terephthalic acid (PTA) (million tons) |
| 2.4.1 Acetic Acid market: acetate esters (US$ billion) |
| 2.4.2 Acetic Acid market: acetate esters (million tons) |
| 2.5.1 Acetic Acid market: acetic anhydride (US$ billion) |
| 2.5.2 Acetic Acid market: acetic anhydride (million tons) |
| 2.7.1 Acetic Acid market: others (US$ billion) |
| 2.7.2 Acetic Acid market: others (million tons) |
| Chapter-3: Regional Analysis |
| 3.1 Market overview, 2015-2026 |
| 3.2.1 Market overview, 2015-2026 (US$ billion) |
| 3.2.2 Market overview, 2015-2026 (million tons) |
| 3.3.1 Acetic Acid market: APAC (US$ billion) |
| 3.3.2 Acetic Acid market: APAC (million tons) |
| 3.4.1 Acetic Acid market: North America (US$ billion) |
| 3.4.2 Acetic Acid market: North America (US$ billion) |
| 3.5.1 Acetic Acid market: Europe (US$ billion) |
| 3.5.2 Acetic Acid market: Europe (million tons) |
| 3.6.1 Acetic Acid market: South America (US$ billion) |
| 3.6.2 Acetic Acid market: South America (million tons) |
| 3.7.1 Acetic Acid market: Middle East and Africa (US$ billion) |
| 3.7.2 Acetic Acid market: Middle East and Africa (million tons) |
| Chapter-4: Regional market Analysis by Application |
| 4.1 Acetic Acid regional market application composition |
| 4.1.1 Acetic Acid market: APAC purified terephthalic acid (PTA) (US$ billion) |
| 4.1.2 Acetic Acid market: APAC purified terephthalic acid (PTA) (million tons) |
| 4.2.1 Acetic Acid market: APAC acetate esters (US$ billion) |
| 4.2.2 Acetic Acid market: APAC acetate esters (million tons) |
| 4.3.1 Acetic Acid market: APAC vinyl acetate (US$ billion) |
| 4.3.2 Acetic Acid market: APAC vinyl acetate (million tons) |
| 4.4.1 Acetic Acid market: APAC acetic anhydride (US$ billion) |
| 4.4.2 Acetic Acid market: APAC acetic anhydride (million tons) |
| 4.6.1 Acetic Acid market: APAC others (US$ billion) |
| 4.6.2 Acetic Acid market: APAC others (million tons) |
| 4.7.1 Acetic Acid market: North America acetate esters (US$ billion) |
| 4.7.2 Acetic Acid market: North America acetate esters (million tons) |
| 4.8.1 Acetic Acid market: North America purified terephthalic acid (PTA) (US$ billion) |
| 4.8.2 Acetic Acid market: North America purified terephthalic acid (PTA) (million tons) |
| 4.9.1 Acetic Acid market: North America vinyl acetate (US$ billion) |
| 4.9.2 Acetic Acid market: North America vinyl acetate (million tons) |
| 4.10.1 Acetic Acid market: North America acetic anhydride (US$ billion) |
| 4.10.2 Acetic Acid market: North America acetic anhydride (million tons) |
| 4.12.1 Acetic Acid market: North America others (US$ billion) |
| 4.12.2 Acetic Acid market: North America others (million tons) |
| 4.13.1 Acetic Acid market: Europe acetate esters (US$ billion) |
| 4.13.2 Acetic Acid market: Europe acetate esters (million tons) |
| 4.14.1 Acetic Acid market: Europe purified terephthalic acid (PTA) (US$ billion) |
| 4.14.2 Acetic Acid market: Europe purified terephthalic acid (PTA) (million tons) |
| 4.15.1 Acetic Acid market: Europe vinyl acetate (US$ billion) |
| 4.15.2 Acetic Acid market: Europe vinyl acetate (million tons) |
| 4.16.1 Acetic Acid market: Europe acetic anhydride (US$ billion) |
| 4.16.2 Acetic Acid market: Europe acetic anhydride (million tons) |
| 4.18.1 Acetic Acid market: Europe others (US$ billion) |
| 4.18.2 Acetic Acid market: Europe others (million tons) |
| 4.19.1 Acetic Acid market: South America acetate esters (US$ billion) |
| 4.19.2 Acetic Acid market: South America acetate esters (million tons) |
| 4.20.1 Acetic Acid market: South America purified terephthalic acid (PTA) (US$ billion) |
| 4.20.2 Acetic Acid market: South America purified terephthalic acid (PTA) (million tons) |
| 4.21.1 Acetic Acid market: South America vinyl acetate (US$ billion) |
| 4.21.2 Acetic Acid market: South America vinyl acetate (million tons) |
| 4.22.1 Acetic Acid market: South America acetic anhydride (US$ billion) |
| 4.22.2 Acetic Acid market: South America acetic anhydride (million tons) |
| 4.24.1 Acetic Acid market: South America others (US$ billion) |
| 4.24.2 Acetic Acid market: South America others (million tons) |
| 4.25.1 Acetic Acid market: Middle East and Africa acetate esters (US$ billion) |
| 4.25.2 Acetic Acid market: Middle East and Africa acetate esters (million tons) |
| 4.26.1 Acetic Acid market: Middle East and Africa purified terephthalic acid (PTA) (US$ billion) |
| 4.26.2 Acetic Acid market: Middle East and Africa purified terephthalic acid (PTA) (million tons) |
| 4.27.1 Acetic Acid market: Middle East and Africa vinyl acetate (US$ billion) |
| 4.27.2 Acetic Acid market: Middle East and Africa vinyl acetate (million tons) |
| 4.28.1 Acetic Acid market: Middle East and Africa acetic anhydride (US$ billion) |
| 4.28.2 Acetic Acid market: Middle East and Africa acetic anhydride (million tons) |
| 4.30.1 Acetic Acid market: Middle East and Africa others (US$ billion) |
| 4.30.2 Acetic Acid market: Middle East and Africa others (million tons) |
| Chapter-5: Key Markets Analysis |
| 5.1 Acetic Acid key market size composition |
| 5.1.1 Market overview, 2015-2026 (US$ billion) |
| 5.1.2 Market overview, 2015-2026 (million tons) |
| 5.2.1 Acetic Acid market: US, North America (US$ billion) |
| 5.2.2 Acetic Acid market: US, North America (million tons) |
| 5.3.1 Acetic Acid market: Canada, North America (US$ billion) |
| 5.3.2 Acetic Acid market: Canada, North America (million tons) |
| 5.4.1 Acetic Acid market: Mexico, North America (US$ billion) |
| 5.4.2 Acetic Acid market: Mexico, North America (million tons) |
| 5.5.1 Acetic Acid market: Germany, Europe (US$ billion) |
| 5.5.2 Acetic Acid market: Germany, Europe (million tons) |
| 5.6.1 Acetic Acid market: Italy, Europe (US$ billion) |
| 5.6.2 Acetic Acid market: Italy, Europe (million tons) |
| 5.7.1 Acetic Acid market: France, Europe (US$ billion) |
| 5.7.2 Acetic Acid market: France, Europe (million tons) |
| 5.8.1 Acetic Acid market: China, APAC (US$ billion) |
| 5.8.2 Acetic Acid market: China, APAC (million tons) |
| 5.9.1 Acetic Acid market: India, APAC (US$ billion) |
| 5.9.2 Acetic Acid market: India, APAC (million tons) |
| 5.10.1 Acetic Acid market: Japan, APAC (US$ billion) |
| 5.10.2 Acetic Acid market: Japan, APAC (million tons) |
| 5.11.1 Acetic Acid market: Brazil, South America (US$ billion) |
| 5.11.2 Acetic Acid market: Brazil, South America (million tons) |
| 5.12.1 Acetic Acid market: Argentina, South America (US$ billion) |
| 5.12.2 Acetic Acid market: Argentina, South America (million tons) |
| 5.13.1 Acetic Acid market: Colombia, South America (US$ billion) |
| 5.13.2 Acetic Acid market: Colombia, South America (million tons) |
| 5.14.1 Acetic Acid market: South Africa, Middle East and Africa (US$ billion) |
| 5.14.2 Acetic Acid market: Souh Africa, Middle East and Africa (million tons) |
| 5.15.1 Acetic Acid market: UAE, Middle East and Africa (US$ billion) |
| 5.15.2 Acetic Acid market: UAE, Middle East and Africa (million tons) |
| 5.16.1 Acetic Acid market: Saudi Arabia, Middle East and Africa (US$ billion) |
| 5.16.2 Acetic Acid market: Saudi Arabia, Middle East and Africa (million tons) |
| Appendix |
| §Glossary of terms |
| §Disclaimer |
| §About Us |
| List of Tables |
| Table 1: By value: Acetic Acid market by application during 2015-2026 in US$ billion |
| Table 2: By volume: Acetic Acid market by segment during 2015-2026 in million tons |
| Table 3: By value: Acetic Acid market by region during 2015-2026 in US$ billion |
| Table 4: By volume: Acetic Acid market by region during 2015-2026 in |
| million tons |
| Table 5: By Value: key Acetic Acid markets in US$ billion |
| Table 6: By Volume: key Acetic Acid markets in million tons |
| List of Figures |
| Figure 1: By value: Acetic Acid market segment share during 2015-2026 in % |
| Figure 2: By volume: Acetic Acid market segment share during 2015-2026 in % |
| Figure 3: By value: Share of vinyl acetate in Acetic Acid market during 2015-2026 in % |
| Figure 4: By value: vinyl acetate in Acetic Acid market during 2015-2026 in US$ billion |
| Figure 5: By volume: Share of vinyl acetate market during 2015-2026 in % |
| Figure 6: By volume: vinyl acetate market during 2015-2026 in million tons |
| Figure 7: By value: Share of purified terephthalic acid (PTA) market during 2015-2026 in % |
| Figure 8: By value: purified terephthalic acid (PTA) market during 2015-2026 in US$ billion |
| Figure 9: By volume: Share of purified terephthalic acid (PTA) market during 2015-2026 in % |
| Figure 10: By volume: purified terephthalic acid (PTA) market during 2015-2026 |
| in million tons |
| Figure 11: By value: Share of acetate esters market during 2015-2026 in % |
| Figure 12: By value: acetate esters market during 2015-2026 in US$ billion |
| Figure 13: By volume: Share of acetate esters market during 2015-2026 in % |
| Figure 14: By volume: acetate esters market during 2015-2026 in million tons |
| Figure 15: By value: Share of acetic anhydride market during 2015-2026 in % |
| Figure 16: By value: acetic anhydride market during 2015-2026 in US$ billion |
| Figure 17: By volume: Share of acetic anhydride market during 2015-2026 in % |
| Figure 18: By volume: acetic anhydride market during 2015-2026 in million tons |
| Figure 23: By value: others market during 2015-2026 in US$ billion |
| Figure 24: By value: Share of others market during 2015-2026 in % |
| Figure 25: By volume: others market during 2015-2026 in million tons |
| Figure 26: By volume: others market during 2015-2026 in million tons |
| Figure 27: By Value: key Acetic Acid regional markets in US$ billion |
| Figure 28: By Volume: key Acetic Acid regional markets in million tons |
| Figure 29: By value: Acetic Acid market region share during 2015-2026 in % |
| Figure 30: By volume: Acetic Acid market region share during 2015-2026 in % |
| Figure 31: By value: Share of APAC market during 2015-2026 in % |
| Figure 32: By value: APAC market during 2015-2026 in US$ billion |
| Figure 33: By volume: Share of APAC market during 2015-2026 in % |
| Figure 34: By volume: APAC market during 2015-2026 in million tons |
| Figure 35: By value: Share of North America market during 2015-2026 in % |
| Figure 36: By value: North America market during 2015-2026 in US$ billion |
| Figure 37: By volume: Share of North America market during 2015-2026 in % |
| Figure 38: By volume: North America market during 2015-2026 in million tons |
| Figure 39: By value: Share of Europe market during 2015-2026 in |
| Figure 40: By value: Europe market during 2015-2026 in US$ billion |
| Figure 41: By volume: Share of Europe market during 2015-2026 in % |
| Figure 42: By volume: Europe market during 2015-2026 in million tons |
| Figure 43: By value: Share of South America market during 2015-2026 in % |
| Figure 44: By value: South America market during 2015-2026 in US$ billion |
| Figure 45: By volume: Share of South America market during 2015-2026 in % |
| Figure 46: By volume: South America market during 2015-2026 in million tons |
| Figure 47: By value: Share of Middle East and Africa market during 2015-2026 in % |
| Figure 48: By value: Middle East and Africa market during 2015-2026 in US$ billion |
| Figure 49: By volume: Share of Middle East and Africa market during |
| 2015-2026 in % |
| Figure 50: By volume: Middle East and Africa market during 2015-2026 in million tons |
| Figure 51: By value: Share of APAC purified terephthalic acid (PTA) market during 2015-2026 in % |
| Figure 52: By value: APAC purified terephthalic acid (PTA) market during 2015-2026 in US$ billion |
| Figure 53: By volume: Share of APAC purified terephthalic acid (PTA) market during 2015-2026 in % |
| Figure 54: By volume: APAC purified terephthalic acid (PTA) market during 2015-2026 in million tons |
| Figure 55: By value: Share of APAC acetate esters market during 2015-2026 in % |
| Figure 56: By value: APAC acetate esters market during 2015-2026 in US$ billion |
| Figure 57: By volume: Share of APAC acetate esters market during 2015-2026 in % |
| Figure 58: By volume: APAC acetate esters market during 2015-2026 in million tons |
| Figure 59: By value: Share of APAC vinyl acetate market during 2015-2026 in % |
| Figure 60: By value: APAC vinyl acetate market during 2015-2026 in US$ billion |
| Figure 61: By volume: Share of APAC vinyl acetate market during 2015-2026 in % |
| Figure 62: By volume: APAC vinyl acetate market during 2015-2026 in million tons |
| Figure 63: By value: Share of APAC acetic anhydride market during 2015-2026 in % |
| Figure 64: By value: APAC acetic anhydride market during 2015-2026 in US$ billion |
| Figure 65: By volume: Share of APAC acetic anhydride market during 2015-2026 in % |
| Figure 66: By volume: APAC acetic anhydride market during 2015-2026 in million tons |
| Figure 71: By value: Share of APAC others market during 2015-2026 in % |
| Figure 72: By value: APAC others market during 2015-2026 in US$ billion |
| Figure 73: By volume: Share of APAC others market during 2015-2026 in % |
| Figure 74: By volume: APAC others market during 2015-2026 in million tons |
| Figure 75: By value: Share of North America acetate esters market during 2015-2026 in % |
| Figure 76: By value: North America acetate esters market during 2015-2026 in US$ billion |
| Figure 77: By volume: Share of North America acetate esters market during 2015-2026 in % |
| Figure 78: By volume: North America acetate esters market during 2015-2026 in million tons |
| Figure 79: By value: Share of North America purified terephthalic acid (PTA) market during 2015-2026 in % |
| Figure 80: By value: North America purified terephthalic acid (PTA) market during 2015-2026 in US$ billion |
| Figure 81: By volume: Share of North America purified terephthalic acid (PTA) market during 2015-2026 in % |
| Figure 82: By volume: North America purified terephthalic acid (PTA) market during 2015-2026 in million tons |
| Figure 83: By value: Share of North America vinyl acetate market during 2015-2026 in % |
| Figure 84: By value: North America vinyl acetate market during 2015-2026 in US$ billion |
| Figure 85: By volume: Share of North America vinyl acetate market during 2015-2026 in % |
| Figure 86: By volume: North America vinyl acetate market during 2015-2026 in million tons |
| Figure 87: By value: Share of North America acetic anhydride market during 2015-2026 in % |
| Figure 88: By value: North America acetic anhydride market during 2015-2026 in US$ billion |
| Figure 159: By Value: key Acetic Acid regional markets in US$ billion |
| Figure 160: By Value: key Acetic Acid regional markets in million tons |
| Figure 161: By value: Share of US market during 2015-2026 in % |
| Figure 162: By value: US market during 2015-2026 in US$ billion |
| Figure 163: By volume: Share of US market during 2015-2026 in % |
| Figure 164: By volume: US market during 2015-2026 in million tons |
| Figure 165: By value: Share of Canada market during 2015-2026 in % |
| Figure 166: By value: Canada market during 2015-2026 in US$ billion |
| Figure 167: By volume: Share of Canada market during 2015-2026 in % |
| Figure 168: By volume: Canada market during 2015-2026 in million tons |
| Figure 169: By value: Share of Mexico market during 2015-2026 in % |
| Figure 170: By value: Mexico market during 2015-2026 in US$ billion |
| Figure 171: By volume: Share of Mexico market during 2015-2026 in % |
| Figure 172: By volume: Mexico market during 2015-2026 in million tons |
| Figure 173: By value: Share of Germany market during 2015-2026 in % |
| Figure 174: By value: Germany market during 2015-2026 in US$ billion |
| Figure 175: By volume: Share of Germany market during 2015-2026 in % |
| Figure 176: By volume: Germany market during 2015-2026 in million tons |
| Figure 177: By value: Share of Italy market during 2015-2026 in % |
| Figure 178: By value: Italy market during 2015-2026 in US$ billion |
| Figure 179: By volume: Share of Italy market during 2015-2026 in % |
| Figure 180: By volume: Italy market during 2015-2026 in million tons |
| Figure 181: By value: Share of France market during 2015-2026 in % |
| Figure 182: By value: France market during 2015-2026 in US$ billion |
| Figure 183: By volume: Share of France market during 2015-2026 in % |
| Figure 184: By volume: France market during 2015-2026 in million tons |
| Figure 185: By value: Share of China market during 2015-2026 in % |
| Figure 186: By value: China market during 2015-2026 in US$ billion |
| Figure 187: By volume: Share of China market during 2015-2026 in % |
| Figure 188: By volume: China market during 2015-2026 in million tons |
| Figure 189: By value: Share of India market during 2015-2026 in % |
| Figure 190: By value: India market during 2015-2026 in US$ billion |
| Figure 203: By volume: Share of India market during 2015-2026 in % |
| Figure 204: By volume: India market during 2015-2026 in million tons |
| Figure 191: By value: Share of Japan market during 2015-2026 in % |
| Figure 192: By value: Japan market during 2015-2026 in US$ billion |
| Figure 193: By volume: Share of Japan market during 2015-2026 in % |
| Figure 194: By volume: Japan market during 2015-2026 in million tons |
| Figure 195: By value: Share of Brazil market during 2015-2026 in % |
| Figure 196: By value: Brazil market during 2015-2026 in US$ billion |
| Figure 197: By volume: Share of Brazil market during 2015-2026 in % |
| Figure 198: By volume: Brazil market during 2015-2026 in million tons |
| Figure 199: By value: Share of Argentina market during 2015-2026 in % |
| Figure 200: By value: Argentina market during 2015-2026 in US$ billion |
| Figure 201: By volume: Share of Argentina market during 2015-2026 in % |
| Figure 202: By volume: Argentina market during 2015-2026 in million tons |
| Figure 203: By value: Share of Colombia market during 2015-2026 in % |
| Figure 204: By value: Colombia market during 2015-2026 in US$ billion |
| Figure 205: By volume: Share of Colombia market during 2015-2026 in % |
| Figure 206: By volume: Colombia market during 2015-2026 in million tons |
| Figure 207: By value: Share of South Africa market during 2015-2026 in % |
| Figure 208: By value: South Africa market during 2015-2026 in US$ billion |
| Figure 209: By volume: Share of South Africa market during 2015-2026 in % |
| Figure 210: By volume: South Africa market during 2015-2026 in million tons |
| Figure 211: By value: Share of UAE market during 2015-2026 in % |
| Figure 212: By value: UAE market during 2015-2026 in US$ billion |
| Figure 213: By volume: Share of UAE market during 2015-2026 in % |
| Figure 214: By volume: UAE market during 2015-2026 in million tons |
| Figure 215: By value: Share of Saudi Arabia market during 2015-2026 in % |
| Figure 216: By value: Saudi Arabia market during 2015-2026 in US$ billion |
| Figure 217: By volume: Share of Saudi Arabia market during 2015-2026 in % |
| Figure 218: By volume: Saudi Arabia market during 2015-2026 in million tons |
The report employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The report includes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives.
Data collection
Secondary research
The research process begins with exhaustive secondary research to source reliable qualitative and quantitative information related to the market. The secondary research sources that are typically referred to include, but are not limited to:
-
- Globally renowned think tanks
- Industry associations
- National government documents and statistical databases
- Company websites, annual reports, financial reports, broker reports and investor presentations
- Industry trade journals and other literature
- Internal and external proprietary databases
- News articles, press releases and webcasts specific to the companies operating in the market
Primary research
AgileIntel conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions:
- Provides first-hand information on market size, market trends, growth trends, competitive landscape and future outlook
- Helps to validate and strengthen secondary research findings
- Further analyzes team’s expertise and market understanding
The participants who typically take part in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers
- External experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in chemical markets
Market size estimation
Bottom-up approach
The bottom-up procedure has been employed to arrive at the overall global market size from the revenues of key market players.
Top-down approach
After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives
Data triangulation
After arriving at the overall market size, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the chemical industry.
| Report Parameters | Details |
|---|---|
| Time Period Considered | |
| Historical Period | |
| Forecast Period | |
| Units considered | |
| Report Coverage | |
| COVID-19 | |
| Segments | |
| Regions included in the study | |
| Companies Profiled |
The global Acetic Acid market size was estimated at US$13.4 billion in 2021 and is expected to reach US$14.1 billion in 2022.
The global Acetic Acid market is expected to grow at a compound annual growth rate of 4.2% from 2022 to 2029 to reach US$18.8 billion by 2029.
In 2021, Asia Pacific region led the Acetic Acid market in 2021 with a share of 69.2%.
Vinyl Acetate Monomer segment led the Acetic Acid market with a market share of 35% in 2021.
Some key players operating in the Acetic Acid market include Celanese Corporation, DuPont Corporation, BP Plc., Eastman Chemical Co., Daicel Corporation, Shandong Hualu-Hengsheng Chemical Co. Ltd., LyondellBasell Industries N.V., Yankuang Cathay Coal Chemicals Co. Ltd., and Jiangsu Sopo Co. Ltd.
Key factors that are driving the Acetic Acid market growth include the growing demand from Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) producers is expected to be a key driver for the market. In addition, increased use of Acetic acid in the production of intermediates in the pharmaceutical sector would support the growth of the market.