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Acetic Acid Market Research by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 137
  • SKU: IRTNTR74262
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The acetic acid market share is expected to increase by 4.88 thousand tons from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.26%.

This acetic acid market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers acetic acid market segmentation by application (VAM, PTA, acetic anhydride, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The acetic acid market report also offers information on several market vendors, including BP Plc, Celanese Corp., Daicel Corp., Eastman Chemical Co., GNFC Ltd., HELM AG, Indian Oil Corp. Ltd., Jiangsu Sopo Corp. (Group) Ltd., Jubilant Ingrevia Ltd., Kingboard Holdings Ltd., Lonza Group Ltd., LyondellBasell Industries NV, Mitsubishi Chemical Corp., Pentokey Organy (India) LTD, PetroChina Co. Ltd., Saudi Basic Industries Corp., Shandong Hualu Hengsheng Chemical Co, Ltd., Shanghai Huayi Group Corp. Ltd, The Dow Chemical Co., and Wacker Chemie AG among others.

What will the Acetic Acid Market Size be During the Forecast Period?

Acetic Acid Market Size

Download Report Sample to Unlock the Acetic Acid Market Size for the Forecast Period and Other Important Statistics

 

Acetic Acid Market: Key Drivers, Trends, and Challenges

The growth of the paints and coatings market is notably driving the acetic acid market growth, although factors such as the use of electronic cigarettes as a substitute for conventional cigarettes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the acetic acid industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Acetic Acid Market Driver

The growth of the paints and coatings market is one of the major drivers impacting the acetic acid market growth. AM is used in paints, adhesives, and coatings. It is used for producing polyvinyl acetate that is used in paints, adhesives, paper coatings, and textile treatments. One of the major factors for the increased use of paints and coatings applications is the rapid growth in the building and construction sector. Improved standards of living and the increasing gross domestic product (GDP) drive the construction sector. The housing and construction sector contributes significantly to the paints and coatings market. China, India, Malaysia, Thailand, and Vietnam exhibit a high demand for paints and coatings because of rapid industrialization, the thriving construction industry, and the increased sales of residential houses. Thus, the growth of the paints and coating market is expected to drive the VAM market, which, in turn, will increase the consumption of acetic acid during the forecast period.

Key Acetic Acid Market Trend

Increasing demand for methanol is one of the major trends influencing the acetic acid market growth. Currently, acetic acid is produced by methanol carbonylation. The increase in methanol production will drive the demand for acetic acid. Research activities are underway for producing acetic acid by a process where methanol is hydrocarboxylated into acetic acid by carbon dioxide and hydrogen. Methanol can be produced from a range of feedstock, including natural gas, coal, biomass, and carbon dioxide. Methanol production capacity in the US has increased. OCI, Shchekinoazot, Celanese, and other vendors are increasing their methanol production. The plant will have the capacity to produce 500,000 metric tons of methanol per annum. Therefore, a rise in methanol production is estimated to surge the demand for acetic acid during the forecast period.

Key Acetic Acid Market Challenge

The use of electronic cigarettes as a substitute for conventional cigarettes is one of the major challenges impeding the acetic acid market growth. Electronic cigarettes are alternatives to conventional cigarettes. Electronic cigarettes were launched in 2004 in China. In comparison to conventional sticks, electronic cigarettes are relatively cost-effective and less harmful. They help smokers to quit smoking, which poses a serious challenge to the cigarette and related industries. Cellulose acetate flakes, the key raw material used for manufacturing cellulose tow filters for cigarettes, account for 58%-61% share of the acetic anhydride market. Electronic cigarettes, therefore, hamper the growth of the acetic acid market. Many governments and regulatory bodies are regularizing electronic cigarettes in domestic and international markets as the long-term effects of smoking electronic cigarettes are uncertain. Substitute materials used in cigarettes instead of acetic acid will affect the growth of the global acetic acid market during the forecast period.

This acetic acid market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global acetic acid market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the acetic acid market during the forecast period.

Who are the Major Acetic Acid Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BP Plc
  • Celanese Corp.
  • Daicel Corp.
  • Eastman Chemical Co.
  • GNFC Ltd.
  • HELM AG
  • Indian Oil Corp. Ltd.
  • Jiangsu Sopo Corp. (Group) Ltd.
  • Jubilant Ingrevia Ltd.
  • Kingboard Holdings Ltd.
  • Lonza Group Ltd.
  • LyondellBasell Industries NV
  • Mitsubishi Chemical Corp.
  • Pentokey Organy (India) LTD
  • PetroChina Co. Ltd.
  • Saudi Basic Industries Corp.
  • Shandong Hualu Hengsheng Chemical Co, Ltd.
  • Shanghai Huayi Group Corp. Ltd
  • The Dow Chemical Co.
  • Wacker Chemie AG

 

This statistical study of the acetic acid market encompasses successful business strategies deployed by the key vendors. The acetic acid market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The acetic acid market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Acetic Acid Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the acetic acid market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Acetic Acid Market?

Acetic Acid Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

90% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the acetic acid market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Increasing demand for acetic acid in various industries will facilitate the acetic acid market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

More than 45 million COVID-19 cases were registered in APAC by May 20, 2021. In 2020, countries such as India and China were majorly affected by the pandemic. The implementation of lockdowns and stay-at-home policies caused significant losses in the growth of the regional acetic acid market. In addition, the closure of production units and interrupted distribution channels in the region resulted in a decrease in the demand for acetic acid.

What are the Revenue-generating Application Segments in the Acetic Acid Market?

Acetic Acid Market Share

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The acetic acid market share growth in the VAM segment will be significant during the forecast period. Polymers manufactured by using VAM find application in numerous products, including printing inks, water-based paints, ceramic, lacquer, adhesives for packaging and construction, paper finishing, and protective colloids for various materials.

This report provides an accurate prediction of the contribution of all the segments to the growth of the acetic acid market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Acetic Acid Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.26%

Market growth 2022-2026

4.88 th tons

Market structure

Fragmented

YoY growth (%)

4.9

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 90%

Key consumer countries

US, Canada, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BP Plc, Celanese Corp., Daicel Corp., Eastman Chemical Co., GNFC Ltd., HELM AG, Indian Oil Corp. Ltd., Jiangsu Sopo Corp. (Group) Ltd., Jubilant Ingrevia Ltd., Kingboard Holdings Ltd., Lonza Group Ltd., LyondellBasell Industries NV, Mitsubishi Chemical Corp., Pentokey Organy (India) LTD, PetroChina Co. Ltd., Saudi Basic Industries Corp., Shandong Hualu Hengsheng Chemical Co, Ltd., Shanghai Huayi Group Corp. Ltd, The Dow Chemical Co., and Wacker Chemie AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

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What are the Key Data Covered in this Acetic Acid Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive acetic acid market growth during the next five years
  • Precise estimation of the acetic acid market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the acetic acid industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of acetic acid market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 VAM - Market size and forecast 2021-2026
      • Exhibit 28: Chart on VAM - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 29: Data Table on VAM - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 30: Chart on VAM - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on VAM - Year-over-year growth 2021-2026 (%)
    • 5.4 PTA - Market size and forecast 2021-2026
      • Exhibit 32: Chart on PTA - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 33: Data Table on PTA - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 34: Chart on PTA - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on PTA - Year-over-year growth 2021-2026 (%)
    • 5.5 Acetic anhydride - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Acetic anhydride - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 37: Data Table on Acetic anhydride - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 38: Chart on Acetic anhydride - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Acetic anhydride - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application (thousand t)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 US - Market size and forecast 2021-2026
      • Exhibit 82: Chart on US - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 83: Data Table on US - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 84: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Canada - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 (thousand t)
      • Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography (thousand t)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 BP Plc
              • Exhibit 101: BP Plc - Overview
              • Exhibit 102: BP Plc - Business segments
              • Exhibit 103: BP Plc - Key offerings
              • Exhibit 104: BP Plc - Segment focus
            • 10.4 Celanese Corp.
              • Exhibit 105: Celanese Corp. - Overview
              • Exhibit 106: Celanese Corp. - Business segments
              • Exhibit 107: Celanese Corp. - Key offerings
              • Exhibit 108: Celanese Corp. - Segment focus
            • 10.5 Daicel Corp.
              • Exhibit 109: Daicel Corp. - Overview
              • Exhibit 110: Daicel Corp. - Business segments
              • Exhibit 111: Daicel Corp. - Key news
              • Exhibit 112: Daicel Corp. - Key offerings
              • Exhibit 113: Daicel Corp. - Segment focus
            • 10.6 Eastman Chemical Co.
              • Exhibit 114: Eastman Chemical Co. - Overview
              • Exhibit 115: Eastman Chemical Co. - Business segments
              • Exhibit 116: Eastman Chemical Co. - Key offerings
              • Exhibit 117: Eastman Chemical Co. - Segment focus
            • 10.7 Jiangsu Sopo Corp. (Group) Ltd.
              • Exhibit 118: Jiangsu Sopo Corp. (Group) Ltd. - Overview
              • Exhibit 119: Jiangsu Sopo Corp. (Group) Ltd. - Product / Service
              • Exhibit 120: Jiangsu Sopo Corp. (Group) Ltd. - Key offerings
            • 10.8 Jubilant Ingrevia Ltd.
              • Exhibit 121: Jubilant Ingrevia Ltd. - Overview
              • Exhibit 122: Jubilant Ingrevia Ltd. - Product / Service
              • Exhibit 123: Jubilant Ingrevia Ltd. - Key offerings
            • 10.9 Kingboard Holdings Ltd.
              • Exhibit 124: Kingboard Holdings Ltd. - Overview
              • Exhibit 125: Kingboard Holdings Ltd. - Product / Service
              • Exhibit 126: Kingboard Holdings Ltd. - Key offerings
            • 10.10 LyondellBasell Industries NV
              • Exhibit 127: LyondellBasell Industries NV - Overview
              • Exhibit 128: LyondellBasell Industries NV - Business segments
              • Exhibit 129: LyondellBasell Industries NV - Key news
              • Exhibit 130: LyondellBasell Industries NV - Key offerings
              • Exhibit 131: LyondellBasell Industries NV - Segment focus
            • 10.11 Saudi Basic Industries Corp.
              • Exhibit 132: Saudi Basic Industries Corp. - Overview
              • Exhibit 133: Saudi Basic Industries Corp. - Business segments
              • Exhibit 134: Saudi Basic Industries Corp. - Key offerings
              • Exhibit 135: Saudi Basic Industries Corp. - Segment focus
            • 10.12 Shandong Hualu Hengsheng Chemical Co, Ltd.
              • Exhibit 136: Shandong Hualu Hengsheng Chemical Co, Ltd. - Overview
              • Exhibit 137: Shandong Hualu Hengsheng Chemical Co, Ltd. - Product / Service
              • Exhibit 138: Shandong Hualu Hengsheng Chemical Co, Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 139: Inclusions checklist
                • Exhibit 140: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 141: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 142: Research methodology
                • Exhibit 143: Validation techniques employed for market sizing
                • Exhibit 144: Information sources
              • 11.5 List of abbreviations
                • Exhibit 145: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Acetic Acid market growth will increase by $4880.64 thousand t during 2022-2026.
              The acetic acid market is expected to grow at a CAGR of 5.26% during 2022-2026.
              Technavio has segmented the acetic acid market by application (VAM, PTA, Acetic anhydride, and Others) and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
              BP Plc, Celanese Corp., Daicel Corp., Eastman Chemical Co., GNFC Ltd., HELM AG, Indian Oil Corp. Ltd., Jiangsu Sopo Corp. (Group) Ltd., Jubilant Ingrevia Ltd., Kingboard Holdings Ltd., Lonza Group Ltd., LyondellBasell Industries NV, Mitsubishi Chemical Corp., Pentokey Organy (India) LTD, PetroChina Co. Ltd., Saudi Basic Industries Corp., Shandong Hualu Hengsheng Chemical Co, Ltd., Shanghai Huayi Group Corp. Ltd, The Dow Chemical Co., Wacker Chemie AG are a few of the key vendors in the acetic acid market.
              APAC will register the highest growth rate of 89.85% among the other regions. Therefore, the acetic acid market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • China
              • Japan
              • India
              • Germany
              The key factors driving the acetic acid market growth are:
              • Growth of paints and coatings market
              • Development of bio-based acetic acid
              The acetic acid market vendors should focus on grabbing business opportunities from the vam segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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