Acetic Acid Market

Acetic Acid Market Size by Form (Solid, Liquid), Manufacturing Process (Synthetic Route, Biological Route), Application, End-User Industry, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12497
  • Published Date: Oct, 2021
  • Pages: 198
  • Category: Chemicals & Materials
  • Format: PDF
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Global acetic acid market is anticipated to reach USD 18.27 billion by 2028, at a CAGR of 7.85% from 2021 to 2028. Global acetic acid market is witnessing a considerable growth owing to increasing demand for acetic acid from various end-user industries.

Market Overview:

Acetic acid with the chemical formula (CH3COOH), also known as ethanoic acid, is a colourless organic compound. It is a significant commodity chemical derived mostly from natural gas. The diluted form of acetic acid called as vinegar, which is the most common chemical substance available in the market. Acetic acid is used in various industry verticals, such as the agricultural (herbicide to control weeds), canning (flavouring for pickles), chemical (acidifier and neutralizer), textile and dye (nylon production, dye catalyst), food (preservative for livestock grains and hay), cosmetics (bleaching agent), and manufacturing industries (production of lacquers).

Acetic acid is used in the processing of cellulose acetate, vinyl acetate, metal acetates, and volatile organic esters (such as butyl and ethyl acetates), as well as widely used as solvents for paints, resins, and lacquers. Biologically, acetic acid is an essential metabolic intermediate, and it occurs naturally in plant juices in body fluids. Acetic acid is also used as a solvent in polyester fiber production and in the manufacturing of synthetic fibers and resins. As acetic acid plays a major role in killing microbes and fungus, it is commonly used for general disinfecting and combating mildew and found in several conventional cleaning products, such as floor cleaners, surface cleaners, cleaning and dusting sprays, mold and mildew cleaners, roof cleaners, and window cleanersin the form of vinegar or as an ingredient by itself. Acetic acid has various uses in the healthcare and pharmaceutical including antiseptic against streptococci, enterococci, pseudomonas, staphylococci and others. It is also used in for the treatment of infections and cervical cancer screening. Further, it has wide usage as an agent to lyse red blood cells before white blood cells are examined. Apart from these, these acids are popularly used in the making of perfumes, manufacturing of dyes and inks, and rubber and plastic.

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Market Dynamics:

Drivers:
  • Fast expansion of the textile industry around the world

The fast expansion of the textile industry is one of the key factors driving the growth acetic acid market. Across the globe, textile industry is witnessing a high growth, thus increasingthe standard of living and improving the income levels in developing countries. This expansion has also let to a change incustomer preferences and fashion trends. Textile industry uses a variety of chemicals that are made using acetic acid. In addition to this, the Asia Pacific region is boosting the growth of the market, owing to the high textile industry in China and India.

  • Increasing demand for acetic acid in the food industry

Acetic acid in the vinegar finds its use most commonly in commercial pickling operations, and in condiments like mustard, mayonnaise, and ketchup in the food industry. Apart from this, it is also used for seasoning various food items like pasta and salads. Additionally, vinegar can react with alkaline ingredients like baking soda, and when that happens, it produces a gas which helps to make baked goods become puffier.

Restraints:
  • Highly corrosive nature of acetic acid could hamper the market growth

Acetic acid is highly corrosive in the environment, particularly for the skin and eyes and at high concentration, it is harmful to the animals and plants. Acetic acid can also harmful for the human body and can damage internal organs if ingested or in the case of vapour inhalation. Thus, highly corrosive and harmful nature is anticipated to restrain the market growth.

Opportunities:
  • Opportunity to tap the emerging countries

The acetic acid market is witnessing the significant growth in the emerging countries. This is mainly due to emerging countries are observing rapid growth in the economy characterized by large scale expansion of chemicals, textile, and coatings manufacturing facilities. Thus, the increase in these industries in the emerging countries offers enormous growth prospect for the acetic acid market.

Challenges:

  • Fluctuating raw materials prices

The fluctuating prices of raw materials can be considered as a one of the significant problems in the production of acetic acid. The unpredictable prices have thus restricted the expansion plans of the companies and also forced them tofind alternative options to increase their profit margins. Thus, the prices and risky expansion plans can be considered to restrict the growth of acetic acid market.

Segmentation Analysis:

The global acetic acid market has been classified based on form, manufacturing process, application, end-user industry, and regions.

  • The form segment is divided into a liquid and solid form. The liquid form segment led the acetic acid market with a market share of around 70% in 2020. It generally comes in the form of clear, colourless liquid, which has a strong and pungent smell. Liquid form acetic acid has many applications such as industrial use, medicinal uses, household, and food industry.
  • The manufacturing process segment includes synthetic route and biological route. The synthetic route segment accounted for the largest market share of 81.6% in 2020. About 75% of acetic acid used in the chemical industry is made by the carbonylation of methanol. However, the biological route is anticipated to grow at a significant growth rate, as it remains crucial for the production of vinegar since it is mandatory ingredient used in foods and is explicitly mentioned by many food purity laws.
  • The application segment includes vinyl acetate monomer, purified terephthalic acid, acetate esters, acetic anhydride, and other applications. The vinyl acetate monomer held the major market share and valued at USD 3.69 billion in 2020. It is the largest consumer for the acetic acid, followed by puriļ¬ed terephthalic acid (PTA), acetate esters, and acetic anhydride. It is a chemical building block used in a variety of industrial and consumer products. The vinyl acetate monomer used in polymer manufacture for adhesives and coatings. The increasing demand for these applications across the globe is likely to boost the growth of this segment over the forecast period.
  • The end-user industry segment is divided into plastics and polymers, food and beverage, inks, paints and coatings, chemicals, and others. Paints and coatings segment is anticipated to grow at the highest CAGR of 8.2% over the forecast period. A major use of vinyl acetate monomer is in the production of emulsions as base resins for water-based paints, adhesives, paper coatings and textile finishes. Thus, increasing demand for paints and coating across the globe, driving the growth of the market over the forecast period.
Regional Segmentation Analysis:

The regions analysed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region emerged as the largest market for the acetic acid market, with a 54.6% share of the market revenue in 2020.

  • Asia Pacific region is the largest consumer of Acetic acid, owing to strong industrial base in the region. Textile industry is one of the essential consumers of acetic acid in the region, due to increased demand for the clothes across the region. Textile industry uses different types of chemicals that are made up of the acetic acid. In addition to this, China is the world’s largest producer of acetic acid.
  • The European regional market is projected to register the highest growth during the forecast period due to the rising consumption of vinegar along with growing concerns and increasing investments towards healthcare industry.

Asia Pacific Acetic Acid Market Share in 2020 - 54.6%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global acetic acid industry.

In August 2018, BP and Eastman Chemical Company announced that both companies had signed an agreement, in which BP will take over sales and marketing of U.S. acetic acid made by Eastman Chemical.

In October 2019, a Memorandum of Understanding (MoU) was signed between BP and China’s Zhejiang Petroleum and Chemical Corporation (ZPCC) to establish a joint venture. Under the joint venture, a full fledged acetic acid plant with a production capacity of one million tonnes per annum will be opened in Zhoushan, China.

List of Key Market Players:

  • Mitsubishi Chemical Corporation
  • WackerChemie
  • Sinopec
  • GNFC Limited
  • DuPont
  • Saudi International Petrochemicals
  • Eastman Chemical Company
  • Jiangsu Sopo (Group)
  • Daicel Corporation
  • LyondellBasell

Key Target Audience

  • Pharmaceutical Companies
  • Government Authorities and R&D Institutions
  • Food and Drug Administration
  • Consulting And Research Firm
  • Raw Material Suppliers
  • Potential Investors

Report Description:

  • Global Acetic Acid Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global Acetic Acid market is based on revenue (USD Million/Billion), volume (Kilotons), and price. The report incorporates the market study on the basis of revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global acetic acid market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of acetic acidand regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global acetic acid market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global acetic acid market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global acetic acid market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the acetic acidmarket was valued at USD 10.25 billion in 2020 and is anticipated to reach USD 18.27 billion by 2028.

Global acetic acid market is growing at a CAGR of 7.85% during the forecast period 2021-2028.

The global acetic acid market has been segmented based on form, manufacturing process, application, end user industry, and regions. The liquid form segment led the acetic acid market.

The Asia Pacific region emerged as the largest market for the acetic acid.

Rapid expansion of textile industry across the globe is the key driving factor for the acetic acid market.

Highly corrosive nature of acetic acid could hamper the market growth.

The acetic acid market is witnessing the significant growth in the emerging countries.

Key players are Mitsubishi Chemical Corporation, Sinopec, WackerChemie, GNFC Limited, Saudi International Petrochemicals, DuPont, Eastman Chemical Company

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Form
          4.3.2. Market Attractiveness Analysis By Manufacturing Process
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By End User Industry
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rapid expansion of textile industry across the globe
          5.2.2. Increasing demand in the food industry
    5.3. Restrains
          5.3.1. Highly corrosive nature of acetic acid could hamper the market growth
    5.4. Opportunities
          5.4.1. Opportunity to tap the emerging countries
    5.5. Challenges
          5.5.1. Fluctuating raw materials prices

6. Global Acetic Acid Market Analysis and Forecast, By Form
    6.1. Segment Overview
    6.2. Solid
    6.3. Liquid

7. Global Acetic Acid Market Analysis and Forecast, By Manufacturing Process
    7.1. Segment Overview
    7.2. Synthetic Route
    7.3. Biological Route

8. Global Acetic Acid Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Vinyl Acetate Monomer
    8.3. Purified Terephthalic Acid
    8.4. Acetate Esters
    8.5. Acetic Anhydride
    8.6. Others

9. Global Acetic Acid Market Analysis and Forecast, By End User Industry
    9.1. Segment Overview
    9.2. Plastics And Polymers
    9.3. Food And Beverage
    9.4. Inks
    9.5. Paints and Coatings
    9.6. Chemicals
    9.7. Others

10. Global Acetic Acid Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Acetic Acid Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Acetic Acid Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Mitsubishi Chemical Corporation
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Sinopec
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Wacker Chemie
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. GNFC Limited
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Saudi International Petrochemicals
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. DuPont
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Eastman Chemical Company
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Daicel Corporation
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Jiangsu Sopo (Group)
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. LyondellBasell
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis

List of Table

1. Global Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

2. Global Solid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

3. Global Liquid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

4. Global Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

5. Global Synthetic Route Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

6. Global Biological Route Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

7. Global Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

8. Global Vinyl Acetate Monomer Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

9. Global Purified Terephthalic Acid Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

10. Global Acetate Esters Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

11. Global Acetic Anhydride Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

12. Global Others Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

13. Global Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

14. Global Vinyl Acetate Monomer Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

15. Global Plastics And Polymers Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

16. Global Food And Beverage Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

17. Global Inks Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

18. Global Paints and Coatings Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

19. Global Chemicals Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

20. Global Others Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

21. Global Synthetic Route Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

22. Global Acetic Acid Market, By Region, 2018–2028(USD Billion)(Kilotons) 

23. Global Acetic Acid Market, By North America, 2018–2028(USD Billion)(Kilotons) 

24. North America Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

25. North America Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

26. North America Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

27. North America Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

28. U.S. Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

29. U.S. Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

30. U.S. Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

31. U.S. Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

32. Canada Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

33. Canada Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

34. Canada Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

35. Canada Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

36. Mexico Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

37. Mexico Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

38. Mexico Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

39. Mexico Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

40. Europe Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

41. Europe Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

42. Europe Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

43. Europe Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

44. Germany Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

45. Germany Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

46. Germany Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

47. Germany Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

48. France Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

49. France Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

50. France Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

51. France Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

52. U.K. Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

53. U.K. Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

54. U.K. Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

55. U.K. Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

56. Italy Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

57. Italy Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

58. Italy Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

59. Italy Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

60. Spain Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

61. Spain Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

62. Spain Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

63. Spain Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

64. Asia Pacific Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

65. Asia Pacific Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

66. Asia Pacific Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

67. Asia Pacific Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

68. Japan Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

69. Japan Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

70. Japan Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

71. Japan Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

72. China Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

73. China Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

74. China Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

75. China Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

76. India Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

77. India Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

78. India Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

79. India Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

80. South America Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

81. South America Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

82. South America Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

83. South America Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

84. Brazil Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

85. Brazil Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

86. Brazil Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

87. Brazil Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

88. Middle East and Africa Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

89. Middle East and Africa Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

90. Middle East and Africa Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

91. Middle East and Africa Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

92. UAE Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

93. UAE Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

94. UAE Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

95. UAE Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

96. South Africa Acetic Acid Market, By Form, 2018–2028(USD Billion)(Kilotons) 

97. South Africa Acetic Acid Market, By Manufacturing Process, 2018–2028(USD Billion)(Kilotons) 

98. South Africa Acetic Acid Market, By Application, 2018–2028(USD Billion)(Kilotons) 

99. South Africa Acetic Acid Market, By End User Industry, 2018–2028(USD Billion)(Kilotons) 

List of Figures 

1. Global Acetic Acid Market Segmentation

2. Acetic Acid Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Acetic Acid Market Attractiveness Analysis By Form

9. Global Acetic Acid Market Attractiveness Analysis By Manufacturing Process

10. Global Acetic Acid Market Attractiveness Analysis By Application

11. Global Acetic Acid Market Attractiveness Analysis By End User Industry

12. Global Acetic Acid Market Attractiveness Analysis By Region

13. Global Acetic Acid Market: Dynamics

14. Global Acetic Acid Market Share By Form(2021 & 2028)

15. Global Acetic Acid Market Share By Manufacturing Process(2021 & 2028)

16. Global Acetic Acid Market Share By Application(2021 & 2028)

17. Global Acetic Acid Market Share By End User Industry(2021 & 2028)

18. Global Acetic Acid Market Share by Regions (2021 & 2028)

19. Global Acetic Acid Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global acetic acid market on the basis of below mentioned segments:

Global Acetic Acid Market by Form:

  • Solid
  • Liquid

Global Acetic Acid Market by Manufacturing Process:

  • Synthetic Route
  • Biological Route

Global Acetic Acid Market by Application:

  • Vinyl Acetate Monomer
  • Purified Terephthalic Acid
  • Acetate Esters
  • Acetic Anhydride
  • Others

Global Acetic Acid Market by End User Industry:

  • Plastics And Polymers
  • Food And Beverage
  • Inks
  • Paints and Coatings
  • Chemicals
  • Other

Global Acetic Acid Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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