Acetic Acid: A Global Strategic Business Report
San Jose, California (PRWEB) March 01, 2012
Follow us on LinkedIn – Acetic acid, also known as ethanoic acid, and more commonly as vinegar, is an important chemical with application in several downstream industries ranging from pharmaceuticals and textiles, to food processing and chemicals. Acetic acid business is highly cyclical in nature, and prices are mainly driven by seasonal downstream demand for derivatives including VAM, PTA and ethyl acetate. Acetic acid consumption sways in tune with GDP and industrial production rates of a country; and therefore acts as an index of the economic health and consumer confidence of that country.
Resurgent demand from emerging economies in Asia Pacific, Eastern Europe, Middle East and Latin America, as well as increasing consumption in end-use sectors is driving the revival of the worldwide acetic acid industry post financial crisis in 2008-09. In particular, spurred by strong GDP growth, the Chinese acetic acid market witnessed an unprecedented inflow of investment in recent years. Although, concerns related to slowing economic growth depressed China’s domestic acetic market in the near term, the substantial increase in production capacity is projected to transform China into a net exporter acetic acid exporter rather than importer. Barring the setbacks due to economic uncertainty, the worldwide acetic acid industry is expected to post healthy growth in the near future on the back of continuous technological innovations. Manufacturers across the world are ramping up their production capacities through new installations rather than through backward integration, in anticipation of surging demand from China and other burgeoning Asian economies.
The chemical industry is primarily driven by strict government legislations. Laws and regulations imposed by the government have a long-standing bearing on the market for acetic acid. Implementation of stricter rules across the world has significantly impacted the industry. The industry has the largest impact on the environment in terms of wastes and emissions. The market is currently confronted with the challenge of focusing on process innovation rather than product innovation. On the technological front, emerging technologies for producing chemicals and derivatives are painting greener avenues for growth within the industry. Adoption of innovative and path breaking technologies are providing competitive edge to the companies to enhance their profit margins vis-à-vis competitors’. Accordingly, manufacturers of acetic acid, to stay competitive, are increasingly adopting these technologies over the age-old technologies such as low-water technology. Leading players such as Celanese, Daicel, BP-Amoco and Millennium have developed and utilized this technology in their plants to significantly increase their production capacity.
The Asia-Pacific region has emerged as the production and consumption hub worldwide, capturing majority share of the global acetic acid market, as stated by the new market research report on Acetic Acid. Asian market, powered by robust growth from China is expected to sail ahead at the overall fastest compounded rate of 4.4% through 2017. Rapid growth of acetic acid market in China has encouraged investors to pour huge investments in establishing acetic acid units. Influx of advanced technology and dollar rain from multinational companies, particularly from Western Europe and US, provided the impetus for fast paced growth. By end-use segment, the market for Vinyl Acetate Monomer (VAM) rules the global acetic acid market in terms of sheer market size, while Purified Terephthalic Acid (PTA) represents the other major segment.
Key players profiled in the report include British Petroleum PLC (BP), Chang Chun Petrochemical Co. Ltd, Celanese Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), Daicel Corporation, DuPont, Eastman Chemical Company, Sterling Chemicals Inc., Gujarat Narmada Valley Fertilizers Company Ltd, Jiangsu Sopo Chemical Limited, Jilin Chemical Industrial Company Limited, Jubilant Life Sciences Limited, Kuraray Co Ltd, LyondellBasell Industries, Millennium Chemicals, Inc. among others.
The research report titled “Acetic Acid: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Acetic Acid market, detailing major market trends propped by insightful statistics, strategic corporate activity, and profiles of key market participants. Analytics of sales volumes (thousand tons) are presented for the years 2009 through 2017 for the following geographic markets - US, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific (China and Rest of Asia Pacific), Latin America and Rest of World. The research report also offers analytical estimates and projections pertaining to key end-use segments - Vinyl Acetate Monomer (VAM), Acetic Anhydride, Ethyl Acetate, Butyl Acetate, Other Acetates, Purified Terephthalic Acid (PTA) and Others (including Monochloroacetic Acid). The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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