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Acetic Acid Market

Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

Acetic acid (Ethanoic acid) belongs to the family of carboxylic acids and is a colorless liquid which possesses a distinctive pungent smell and sour taste. It is classified as a weak acid although its concentrated form is corrosive in nature. Acetic acid is completely miscible in water and many other polar and non-polar solvents. It exhibits properties almost similar to other acids of the carboxylic family other than its unique property of forming ice like crystals, called if in the anhydrous form, a few degrees below the room temperature at approximately 16.6 °C, giving it the name of glacial acetic acid. Acetic acid finds its application as one of the most important chemical reagent in the chemical industry. It is primarily used in the production of cellulose acetate, polyvinyl acetate and in the manufacture of synthetic fibers and fabrics. Apart from its use in the chemical industry it finds major usage in household as a descaling agent food additive and as a condiment.
 
Acetic acid produced through methanol carbonylation accounts for almost 75% of the total production globally. Another major production method of acetic acid is by the oxidation of acetaldehyde although its share in production is of negligible significance as compared to the prior mentioned process.
 
Growing demand for vinyl acetate monomer (VAM) coupled with increasing demand for purified terephthalic acid (PTA) and ethyl acetate are the major factors driving the global market for acetic acid. Gradual upheaval of economies from economic depression has led to many technological changes, which have brought down capital requirements to a huge extent and have improved the profit margin for companies involved in the manufacturing of acetic acid. Incessant improvements in technology and focus on process improvement are further driving the growth of global acetic acid market.
 
Vinyl acetate monomer (VAM) emerged as the leading application, with over 30% of the global acetic acid consumption in 2011. Growing end-use industries such as adhesives and sealants are expected to fuel the acetic acid market growth. VAM was followed by Purified terephthalic acid (PTA) which is expected to be fastest growing market at an estimated CAGR of 5.4% in the next six years. Nearly the entire PTA produced globally is consumed in the manufacturing polyester fiber and polyethylene terephthalate (PET) that is further used in bottles and other packaging materials. Other key applications including food, pharmaceuticals, etc. together accounted for least share and are expected to grow at a lower growth rate compared to major applications, in the coming future. 
 
China led the global acetic acid market with 36.2% of the total consumption in 2011. Strong economic growth and rapid industrialization in China is expected to boost the acetic acid market in the coming future. North America and Europe are saturated market and hence are expected to show moderate growth rate in the next six years. The growth in Europe would be supported only by increasing demand from the emerging economy of Russia and other Eastern European countries, where rapid industrialization is taking place. Rest of the world includes countries from Latin America, Middle East and Africa, which together accounted for approximately 6% of the total demand for acetic acid in 2011.
     
    Chapter 1 Preface
    1.1 Report description
    1.2 Market segmentation
    1.3 Research methodology
     
    Chapter 2 Executive Summary
    2.1 Global acetic acid market estimates and forecast, 2011 – 2018 (Kilo tons) (USD Million)
    2.2 Global acetic acid market: Snapshot
     
    Chapter 3 Acetic Acid: Industry Analysis
    3.1 Introduction
    3.2 Value chain analysis
    3.3 Market Drivers
          3.3.1 Strong outlook on adhesives demand
          3.3.2 Growing demand for polyethylene terephthalate (PET)
    3.4 Restraints
          3.4.1 Volatile raw material prices, a challenge for market participants
    3.5 Opportunities
          3.5.1 Development of TCX Technology
    3.6 Porter’s five forces analysis
          3.6.1 Bargaining power of supplier
          3.6.2 Bargaining power of buyers
          3.6.3 Threat of new entrants
          3.6.4 Threat from substitutes
          3.6.5 Degree of competition
    3.7 Acetic acid: Market attractiveness analysis
    3.8 Acetic acid: Company market share analysis, 2011
     
    Chapter 4 Global Acetic Acid Market - Application Analysis
    4.1 Global acetic acid market: Application overview
    4.2 Global acetic acid market, by application
          4.2.1 Vinyl acetate monomer
                   4.2.1.1 Global market estimates and forecast for VAM, 2011 - 2018 (Kilo tons), (USD Million)
          4.2.2 Purified Terephthalic Acid
                   4.2.2.1 Global market estimates and forecast for PTA, 2011- 2018 (Kilo tons), (USD Million)
          4.2.3 Acetate Esters
                  4.2.3.1 Acetic acid demand for acetate esters, market estimates and forecast, 2011 - 2018 (Kilo tons), (USD Million)
          4.2.4 Acetic Anhydride
                  4.2.4.1 Global market estimates and forecast for acetic anhydride, 2010 - 2018 (Kilo tons), (USD Million)
                  4.2.4.2 Others(including foods, pharmaceuticals etc)
                  4.2.4.3 Global market estimates and forecast for others, 2010 - 2018 (Kilo tons), (USD Million)
     
    Chapter 5 Acetic Acid Market: Regional Analysis
    5.1 Global acetic acid market, by geography
          5.1.1 Global acetic acid market volumes share by geography, 2010 - 2018 (kilo tons)
    5.2 Global acetic acid market, by geography
          5.2.1 North America
                  5.2.1.1 North America acetic acid market estimates and forecast, 2011 - 2018 (Kilo tons), (USD million)
                  5.2.1.2 North America acetic acid market estimates and forecast, by application, 2011 - 2018 (Kilo tons)
                  5.2.1.3 North America acetic acid market estimates and forecast, by application, 2011 - 2018 (USD million)
         5.2.2 Europe
                  5.2.2.1 European acetic acid market estimates and forecast, 2011 - 2018 (Kilo tons) (USD million)
                  5.2.2.2 European acetic acid market estimates and forecast, by application 2011 - 2018 (Kilo tons)
                  5.2.2.3 European acetic acid market estimates and forecast, by application 2011 - 2018 (USD million)
         5.2.3 China
                  5.2.3.1 China acetic acid market estimates and forecast, 2011 - 2018 (Kilo tons) (USD million)
                  5.2.3.2 China acetic acid market estimates and forecast, by application 2011 - 2018(Kilo tons)
                  5.2.3.3 China acetic acid market estimates and forecast,by application 2011 - 2018 (USD million)
         5.2.4 Rest of Asia Pacific
                  5.2.4.1 Rest of Asia-pacific acetic acid market estimates and forecast, 2011 - 2018 (Kilo tons) (USD million)
                  5.2.4.2 Rest of Asia-pacific acetic acid market estimates and forecast, by application 2011 - 2018 (Kilo tons)
                  5.2.4.3 Rest of Asia-pacific acetic acid market estimates and forecast, by application 2011– 2018(USD million)
        5.2.5 Rest of the world (RoW)
                  5.2.5.1 Rest of the Worldacetic acid market estimates and forecast, 2011 - 2018 (Kilo tons) (USD million)
                  5.2.5.2 Rest of the Worldacetic acid market estimates and forecast,by application 2011 - 2018(Kilo tons)
                  5.2.5.3 Rest of the Worldacetic acid market estimates and forecast, by application 2011 - 2018(USD million)
     
    Chapter 6 Company Profiles
    6.1 Celanese Corporation
          6.1.1 Company overview
          6.1.2 Financial overview
          6.1.3 Business strategy
          6.1.4 SWOT analysis
          6.1.5 Recent developments
    6.2 British Petroleum
          6.2.1 Company overview
          6.2.2 Financial overview
          6.2.3 Business strategies
          6.2.4 SWOT analysis
          6.2.5 Recent developments
    6.3 Eastman Chemical Company
          6.3.1 Company overview
          6.3.2 Financial overview
          6.3.3 Business strategies
          6.3.4 SWOT analysis
          6.3.5 Recent developments
    6.4 Jiangsu Sopo (Group) Co., Ltd.
          6.4.1 Company overview
          6.4.2 Financial overview
          6.4.3 Business strategies
          6.4.4 SWOT analysis
          6.4.5 Recent developments
    6.5 China Petroleum & Chemical Corporation (sinopec)
          6.5.1 Company overview
          6.5.2 Financial overview
          6.5.3 Business strategies
          6.5.4 SWOT analysis
          6.5.5 Recent developments
    6.6 Lyondell Basell Industries
          6.6.1 Company overview
          6.6.2 Financial overview
          6.6.3 Business strategies
          6.6.4 SWOT analysis
          6.6.5 Recent developments
    6.7 Saudi Basic Industries Corporation (SABIC)
          6.7.1 Company overview
          6.7.2 Financial overview
          6.7.3 Business strategies
          6.7.4 SWOT analysis
          6.7.5 Recent developments
    6.8 Mitsubishi Chemical Company
          6.8.1 Company overview
          6.8.2 Financial overview
          6.8.3 Business strategy
          6.8.4 SWOT analysis
    6.9 PetroChina Co. Ltd.
          6.9.1 Company overview
          6.9.2 Financial overview
          6.9.3 Business strategy
          6.9.4 SWOT analysis
    6.10 BASF SE
          6.10.1 Company overview
          6.10.2 Financial overview
          6.10.3 Business strategy
          6.10.4 SWOT analysis
    6.11 DuPont
          6.11.1 Company overview
          6.11.2 Financial overview
          6.11.3 Business strategy
          6.11.4 SWOT analysis
    6.12 Sasol Limited
          6.12.1 Company overview
          6.12.2 Financial overview
          6.12.3 Business strategy
          6.12.4 SWOT analysis
    List of Tables
     
    TABLE 1 Global acetic acid market: Snapshot
    TABLE 2 Major application segment and end use of acetic acid
    TABLE 3 Drivers of global acetic acid market: Impact analysis
    TABLE 4 Restraints for the acetic acid market: Impact Analysis
    TABLE 5 North America acetic acid market estimates and forecast by application, 2011 - 2018 (Kilo tons)
    TABLE 6 North America acetic acid market estimates and forecast, by application, 2011 - 2018 (USD million)
    TABLE 7 European acetic acid market estimates and forecast, by application,2011 – 2018 (Kilo tons)
    TABLE 8 European acetic acid market estimates and forecast, by application 2011 – 2018 (USD million)
    TABLE 9 China acetic acid market estimates and forecast, by application 2011 – 2018 (Kilo tons)
    TABLE 10 China acetic acid market estimates and forecast, by application 2011 – 2018 (USD million)
    TABLE 11 Rest of Asia-pacific acetic acid market estimates and forecast, by application 2011 - 2018 (Kilo tons)
    TABLE 12 Rest of Asia-pacific acetic acid market estimates and forecast, by application 2011 - 2018 (USD million)
    TABLE 13 Rest of the Worldacetic acid market estimates and forecast, by application 2011 - 2018 (Kilo tons)
    TABLE 14 Rest of the Worldacetic acid market estimates and forecast, by application 2011 - 2018 (USD million)

    List of Figures 

     

    FIG. 1 Acetic acid: Market segmentation

    FIG. 2 Global acetic acid market, 2011 - 2018 (Kilo Tons), (USD Million)

    FIG. 3 Acetic acid: Value chain analysis

    FIG. 4 Global adhesivemarket estimates and forecast, 2011-2018 (Kilo tons)

    FIG. 5 Global PET market estimates and forecast, 2011– 2018 (Kilo Tons) 

    FIG. 6 Global crude oil price trend , 2008 – 2012 (USD/barrel) 

    FIG. 7 Methanol demand by end use, 2011

    FIG. 8 Methanol price trends ($/MT) , 2008-2012

    FIG. 9 Porter’s five forces analysis for acetic acid market

    FIG. 10 Acetic acid: Market attractiveness analysis

    FIG. 11 Acetic acid: Company market share analysis,2011

    FIG. 12 Global acetic acid market volume share by application, 2011 - 2018

    FIG. 13 Global market estimates and forecast for VAM, 2011 - 2018 (Kilo tons), (USD Million)

    FIG. 14 Global demand ofacetic acid for PTA production, 2011 - 2018 (Kilo Tons), (USD Million)

    FIG. 15 Global demand of acetic acid for acetate esters production, 2011 - 2018 (Kilo Tons), (USD Million)

    FIG. 16 Global demand of acetic acid for acetic anhydride production, 2010 - 2018 (Kilo Tons), (USD Million)

    FIG. 17 Global demand of acetic acid in other markets, 2010 - 2018 (Kilo Tons), (USD Million)

    FIG. 18 Global acetic acid market volume share by geography, 2011 - 2018

    FIG. 19 North America acetic acid market estimates and forecast, 2011 - 2018 (Kilo tons), (USD million)

    FIG. 20 European acetic acid market estimates and forecast, 2011 - 2018 (Kilo tons) (USD million)

    FIG. 21 China acetic acid market estimates and forecast, 2010 - 2018 (Kilo Tons) (USD million)

    FIG. 22 Rest of Asia-Pacific acetic acid market estimates and forecast, 2010 - 2018 (Kilo Tons) (USD Million)

    FIG. 23 Rest of the World acetic acid market estimates and forecast, 2011 - 2018 (Kilo tons), (USD million)

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Acetic Acid Market

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