Global Acetic Acid Market (2021-2026) Growth, Trends, COVID-19 Impact, and Forecast – ResearchAndMarkets.com


DUBLIN – (COMMERCIAL THREAD) – The report “Acetic Acid Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” has been added to ResearchAndMarkets.com offer.

The acetic acid market size has been estimated to be 15,924 kilotons in 2020, and the market is expected to register a CAGR of over 5% during the forecast period (2021-2026).

Companies mentioned

  • Celanese Company

  • Chang Chun Group

  • Petrochemical Company of China

  • Daicel Corporation

  • Eastman Chemical Company or its subsidiaries

  • GNFC Limited

  • INEOS

  • Jiangsu SOPO (Group) Co. Ltd

  • Kanoria Chemicals & Industries Ltd

  • Kemipex

  • Kingboard Holdings Limited

  • LyondellBasell Industries Holdings BV

  • Mitsubishi Chemical Corporation

  • PetroChina Company Limited

  • SABIC

  • SASOL

  • Shandong Hualu-Hengsheng Chemical Co. Ltd

  • Shanghai Wujin Chemical Co. Ltd

  • Showa Denko KK

  • Sipchem

  • Svensk Etanolkemi AB (SEKAB)

  • Tanfac Industries Ltd

  • Wacker Chemie SA

  • Yankuang Group

Key market trends

Growing applications in the adhesives, paints and coatings industry

  • Vinyl Acetate Monomer (VAM) is used in the production of water-based paints, adhesives, waterproofing coatings and coatings for paper and board. PTA-based polyesters and polyamides are also used in hot melt adhesives. PTA is even used in paints as a support.

  • Adhesives are used in automobiles for a variety of applications. It is used in windshield, brake, threadlock and other interior and exterior applications. Up to the third quarter of 2019, around 67.47 million vehicles were produced worldwide and reached around 52 million vehicles until the third quarter of 2020, registering a decline rate of around 23%, which has resulted in a decrease in demand for adhesives and VAM, which in turn has negatively impacted the growth of acetic acid market.

  • Increased construction activity in emerging Asia-Pacific economies is expected to boost demand for adhesives, paints and coatings. This factor, in turn, is expected to positively influence the market for commercial acetic acid preparations.

  • The construction sector has experienced robust growth in some Middle Eastern countries in recent years. These countries receive huge domestic and foreign investments for the establishment of industrial units, hospitals, shopping malls, multiplexes, hotel industry and IT sector. This factor is also expected to drive demand for adhesives, paints and coatings. The increased demand, in turn, should positively influence the studied market.

  • However, due to the COVID-19 pandemic scenario, the aforementioned end-user industries have been affected and experienced negative growth rate, thus hampering the market demand for acetic acid.

The Asia-Pacific region will dominate the market

  • Asia-Pacific is the largest consumer of acetic acid in the world market. The Asia-Pacific market is expected to be the largest market for the textile industry, due to the strong industrial base.

  • China is a hub for chemical processing, accounting for the bulk of the world’s chemical production. With the increasing global demand for various chemicals, the demand for intermediates, such as acetic acid, in this industry is expected to increase significantly during the forecast period.

  • Currently, China produces more than half of Asia-Pacific coatings and is home to more than 10,000 paint companies, among which local producers occupy more than half of the national paint market share.

  • In India, the growing demand for packaging printing, newsprint, publishing and other commercial printing has helped the Indian printing ink market to record strong growth in recent years, and it is expected to continue to grow during the forecast period which in turn drives the regional market demand for acetic acid.

  • China is the biggest market for VAM in the world. In terms of volume, the country accounted for over 30% of global consumption. This large share is due to China’s strong and stable textile and packaging market.

  • In 2019, the VAM market volume in Asia-Pacific was around 3.6 million tons and is expected to reach around 5 million tons by 2024, with a growth rate of over 6.5%, which , in turn, will stimulate the demand for acetic acid. Marlet.

Main topics covered:

1. INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand for Vinyl Acetate Monomer (VAM)

4.1.2 Growing demand from the textile and packaging industry

4.1.3 Growing use of ester solvents in the paints and coatings industry

4.2 Constraints

4.2.1 Environmental concerns regarding adverse effects

4.2.2 Adverse conditions resulting from the impact of COVID-19

4.3 Industry Value Chain Analysis

4.4 Porter’s five forces analysis

4.5 Import and export trends

4.6 Price trends

4.7 Raw material analysis

4.8 Technology overview

4.9 Supply scenario

5 MARKET SEGMENTATION (Market size in volume)

5.1 By derivative

5.2 By End User Industry

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and acquisitions, joint ventures, collaborations and agreements

6.2 Market share analysis

6.3 Strategies adopted by the main actors

6.4 Company profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Development of new separation technologies to increase production efficiency

For more information on this report, visit https://www.researchandmarkets.com/r/d1dzwc


Comments are closed.