Global Acetic Acid Industry

Global Acetic Acid Industry

  • April 2021 •
  • 193 pages •
  • Report ID: 2284890 •
  • Format: PDF
Abstract:
- Global Acetic Acid Market to Reach 19.6 Million Tons by 2027
- Amid the COVID-19 crisis, the global market for Acetic Acid estimated at 16.1 Million Tons in the year 2020, is projected to reach a revised size of 19.6 Million Tons by 2027, growing at a CAGR of 2.9% over the analysis period 2020-2027. VAM, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach 6 Million Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Acetates segment is readjusted to a revised 2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 4.3 Million Tons, While China is Forecast to Grow at 5.3% CAGR
- The Acetic Acid market in the U.S. is estimated at 4.3 Million Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 4 Million Tons by the year 2027 trailing a CAGR of 5.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 2.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.
- PTA Segment to Record 4.1% CAGR
- In the global PTA segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 2.8 Million Tons in the year 2020 will reach a projected size of 3.6 Million Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 2.7 Million Tons by the year 2027, while Latin America will expand at a 5.1% CAGR through the analysis period.

- Select Competitors (Total 46 Featured) -
  • BP p.l.c.
  • BP PETRONAS Acetyls Sdn Bhd
  • Celanese Corporation
  • Chang Chun Petrochemical Co., Ltd.
  • China Petrochemical Development Corporation, Ltd.
  • Daicel Corporation
  • Eastman Chemical Company
  • Gujarat Narmada Valley Fertilizers Company Limited
  • Jiangsu Sopo (Group) Co., Ltd
  • Jubilant Life Sciences Limited
  • Kuraray Co., Ltd.
  • Lotte BP Chemicals Co., Ltd.
  • LyondellBasell Industries
  • Showa Denko K.K.
  • Sinopec Sichuan Vinylon Works
  • Wacker Chemie AG