Acetic Acid Market Is Estimated to Over the Forecast Period Key Players are BP PLC, Celanese Corporation, Chang Chun Group., China Petrochemical Corporation, Chiyoda Corporation
The market for acetic acid is expected to expand at a CAGR of more than 4.30% during the forecast period of 2019-2024
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
BP PLC, Celanese Corporation, Chang Chun Group., China Petrochemical Corporation, Chiyoda Corporation, Daicel Corporation, DowDuPont, Eastman Chemical Company, GNFC Limited, HELM AG, Huayi Group, Jiangsu Chuangpu Information Technology Co. Ltd, Kanoria Chemicals & Industries Ltd, Kingboard Holdings Limited, LyondellBasell Industries Holdings BV, Mitsubishi Chemical Corporation, PetroChina Company Limited, SABIC, 6.4.19 SASOL, Shandong Hualu-Hengsheng Chemical Co. Ltd, Showa Denko K.K., Sipchem, Svensk Etanolkemi AB (SEKAB), Wacker Chemie AG, Yankuang Group
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
Key Market Trends-
Vinyl Acetate Monomer (VAM) to Dominate the Market
- Vinyl acetate monomer is a chemical building block used for a wide variety of industrial and consumer products. Polyvinyl acetate is used in the production of paints and coatings and adhesives, for flexible substrates, as well as for sizing the polyester fiber-fill insulation textiles.
- VAM is a key raw material in the manufacturing of water-based adhesives, which accounts for significant use in the global adhesives and sealants market.
- Vinyl acetate monomer (VAM) dominated the market for acetic acid in 2018. It accounted for over 30% of the total market in terms of volume, owing to the extensive use of VAM in the paints and coatings, textile, and adhesives and sealants market.
- Furthermore, the increasing demand from Asia-Pacific is expected to boost the demand for acetic acid, during the forecast period.
- In Europe, Germany represents the largest market for VAM. In terms of volume, the country accounted for more than 32% of the total consumption in Europe, owing to the strong and steady textile and packaging market.
- Therefore, the increasing demand of VAM in various regions is expected to increase the demand for acetic acid over the forecast period.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific is the largest consumer of acetic acid in the global market. The Asia-Pacific market is anticipated to be the largest market for the textile industry, owing to the strong industrial base of the region.
- Furthermore, factors such as increasing population and improving economic condition (such as rising GDP and disposable income of the people), drive the market in the region and boosting the manufacturing sector.
- China is the largest market for VAM worldwide. In terms of volume, the country accounted for more than 30% of the global consumption. This large share is because of the strong and steady textile and packaging market of China.
- Furthermore, the local market provides an ample amount of opportunities for local vendors to invest in the market.
- The Asia-Pacific is estimated to have the highest growth in the market during the forecasted period, owing to its extensive growing demand for industrial fabrics.
Major points covered in this research are:-
Acetic Acid Market Overview, Segment by Type (Product Category), by Application, by Region (2019-2024), Competition by Manufacturers
Global Market Size (Value) of Acetic Acid (2019-2024)
Global Acetic Acid Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2019-2015)
Global Acetic Acid Production, Revenue (Value), Price Trend by Type
Global Acetic Acid Market Analysis by Application
Global Acetic Acid Manufacturers Profiles/Analysis
Acetic Acid Manufacturing Cost Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Marketing Strategy Analysis, Distributors/Traders
Market Effect Factors Analysis
Global Acetic Acid Market Forecast (2019-2024)
Research Findings and Conclusion
Finally, this Acetic Acid report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Acetic Acid product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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