Acetic Acid Market Intelligence

Acetic Acid Market Description

The global Acetic acid market is expected to reach $14 billion by 2022 with an expected CAGR of 7-8 percent. The impetus for this growth has been identified to be coming from the demand in Asia, which is expected to grow by 5-6 percent. This is due to an anticipated growth in Vinyl Acetate Monomer (VAM) and Purified Terephthalic Acid (PTA) segments. The report identifies North America and Europe as well established markets for acetic acid. The global acetic acid market supply-demand gap is expected to regain balance, as nominal capacity additions are planned in the next five years against the growing demand. Acetic acid products used in construction and packaging industries are expected to drive maximum demands in terms of volume.

The report further discusses the key acetic acid manufacturers and their market share both globally and regionally in North America, Europe, and Asia. It also elaborates on the demand trends, supply situation, capacity addition and impact on CPG in these countries. Additionally, Porter’s Five forces analysis, industry drivers and constraints and price forecast analysis have also been shared comprehensively. An extensive description of the global supplier profiles such as BP Chemicals, Celanese Corp, Jiangsu Sopo group etc. has also been included. The report also covers industry best practices for acetic acid procurement.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Global Capacity–Demand Analysis
Global Trade Dynamics
Regional Market Snapshot-North America, Europe, Asia
Cost Structure Analysis

Acetic Acid Market Trend, Analysis & Forecast

Category Intelligence on Acetic Acid covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1.Acetic Acid Executive Summary

1.1 Supply Market Outlook
1.2 Demand Market Outlook
1.3 Industry Best Practices

2.Acetic Acid Market Analysis

2.1 Global Market Size: Acetic Acid
2.2 Global Market Outlook
– Demand–Supply Trends and Forecast
– Key End-use Industries
– Trade Dynamics
2.3 Regional Market Outlook (North America, EU, and Asia)
– Regional Market Snapshot
– Demand–Supply Trends and Forecast
– Trade Dynamics

Global Market Outlook on Acetic Acid

The global acetic acid market is expected to grow at a CAGR of 4 percent during 2017–2022. The impetus for this growth comes from demand in Asia, which is expected to grow at 5–6 percent, due to anticipated growth in VAM and PTA segments
VAM demand is expected to be driven by the construction segment (3–4 percent CAGR) and PTA to be driven by PET (4–5 percent CAGR) for the next 4–5 years

acetic-acid-market-size

Demand Market Outlook

The global acetic acid market supply–demand gap is expected to regain balance, as nominal capacity additions are planned in the next five years against the growing demand.

Industry Best Practices

Engagement Models
Engagement Preferences

North America: Spot market
Europe: Contracts
Asia: Both spot market and contracts

Role of IPROs
Assessment by IPROs

Consumers of above 10–100 KMT/year are considered for the assessment of contract prices, while transactions for cargos of 1–2 KMT/year are used for spot price assessments.

Pricing Structure

North America: Demand dynamics play a major role in setting the acetic acid prices
Europe:Methanol contract prices are used to arrive at acetic prices
Asia: Methanol spot price movements are the base to set both spot and contract price movements of acetic acid

Global Capacity–Demand Analysis

Current Market Scenario – Supply Market: Currently, a tight supplied market owing to production woes will ease out post 2018 as considerable amount of capacities are confirmed to be added in Asia. Once the supply disruptions are sorted out the market may return to balance
Key Trends in Downstream Demand: Demand growth expected for the next two years is positive especially demand will strong from the PET sector in Asia

Market Outlook

Capacity Dynamics: After the permanent closure of CPDC’s Kaohsiung acetic acid plant of 160 KMT/year in 2015, global acetic acid capacity reached 17.8 MMT/year (inclusive of idle capacity of 1.24 MMT/year). Operating rates are at 70 percent lows and expected to increase above 95 percent levels by 2021, due to minimal capacity additions being outpaced by the growing demand
Capacity Additions: A 150 KMT/year addition by Celanese in the US and 66 KMT/year addition by Assam Petrochemicals Ltd - (APL) in India are expected by 2017. Plans for ~4 MMT/year of capacity additions are in prefeasibility stage in Asia, which are yet to materialize