Global Glacial Acetic Acid Market, By Type (Synthetic, Bacterial Fermentation), Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), Application (Food Additive, Solvent, Photographic Chemical, Paint and Coating, Textiles, Cosmetics, Pharmaceutical Intermediate) – Industry Trends and Forecast to 2029.
Glacial Acetic Acid Market Analysis and Size
The role of acetic acid as an acidity regulator and the preservative is fueling the growth of the market. moreover, the glacial acetic acid is actively being used a s a condensing agets for the production of acetic anhydride. For instance, the vinyl acetate momomer (VAM) segment held the major share in the market in terms of th generated revenue. Additionally, the glacial acetic acid is also used for the production of purified terephtahlic acid which is actively beng used in various applications. PET has also gained importance in the packaging industry which is also a factor boosting the growth of the market over the forecasted period.
Global glacial acetic acid market was valued at USD 7.29 billion in 2021 and is expected to reach USD by 11.62 billion 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Glacial Acetic Acid Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Synthetic, Bacterial Fermentation), Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), Application (Food Additive, Solvent, Photographic Chemical, Paint and Coating, Textiles, Cosmetics, Pharmaceutical Intermediate)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Eastman Chemical Company (U.S.), Celanese Corporation (U.S.), Hawkins (U.S.), China Petrochemical Corporation. (China), Reliance Industries Limited. (India), Spectrum Chemical (U.S.), MP BIOMEDICALS. (U.S.), KH Chemicals (Netherlands), Jubilant Pharmova (India), LyondellBasell Industries Holdings B.V. (Netherlands), Dow (U.S.), Merck KGaA (Germany), LOTTE INEOS CHEMICAL CO.,LTD (South Korea), Jiangsu SOPO (Group) Co., Ltd. (China), EuroChem Group (Switzerland), A. B. Enterprises. (India), CAMEO Chemicals (U.S.)
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Market Opportunities
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Market Definition
Glacial acetic acid is an undiluted form of acetic acid and has wide range of applications in the chemical manufacturing industries. It’s used as a starting reagent in various formulations and for the eroding and coating of metals as well.
Global Glacial Acetic Acid Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Numerous Benefits Of Glacial Acetic Acid
The numerous applications and benefits of glacial acetic acid are the primary factors driving the growth of the glacial acetic acid market over the forecasted period. Glacial acetic acid has numerous benefits such as it can be used as an organic solvent, coating solution, eroding material and others based on the requirements. This is the major factor driving the growth of the market over the forecasted period.
- High Usage across chemical industries
The glacial acetic acid is extensively used across chemical industries. They are widely used in the chemical manufacturing sector to produce adhesives and sealants. Additionally, the product is applied in several ways to be used as a paint and coating material, cosmetics and other end user applications and things. All these factors are driving the growth of the glacial acetic acid market over the forecasted period.
Opportunities
- Rising applications and advancements
The chemical and pharmaceutical manufacturers are rapidly investing in the production activities as the glacial acetic acid is readily used as a pH regulator in various formulations. Moreover, it is used to manufacture acetic anhydride, vinyl acetate monomer, purify terephthalic acid and acetate ester which has varied uses in the chemical industries. It is also used as a solvent in photographic films, preparation of dyes and inks and others. All these factors are creating significant lucrative growth opportunities for the glacial acetic acid market over the forecasted period.
Restraints/Challenges
- Unfavourable conditions
The unfavorable market conditions and the corrosive nature of glacial acetic acid are the major factors that will create hindrances for the growth of the glacial acetic acid market.
- Fluctuations in Raw Material Prices
The inconsistent raw material prices have a direct negative impact on the overall market’s growth. As a result, these fluctuations will pose as a major challenge the glacial acetic acid market growth rate.
This glacial acetic acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glacial acetic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Glacial Acetic Acid Market Scope
The glacial acetic acid market is segmented on the basis of type, grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Synthetic
- Bacterial Fermentation
Grade
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
Application
- Food Additive
- Solvent
- Photographic Chemical
- Paint and Coating
- Textiles
- Cosmetics
- Pharmaceutical Intermediate
Glacial Acetic Acid Market Regional Analysis/Insights
The glacial acetic acid market is analyzed and market size insights and trends are provided by type, grade and application as referenced above.
The countries covered in the glacial acetic acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish due to the changing lifestyle with increasing levels of disposable income within the region.
Europe on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rising applications of the product across various sectors such as pharmaceuticals and chemical manufacturing industries within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Glacial Acetic Acid Market Share Analysis
The glacial acetic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glacial acetic acid market.
Some of the major players operating in the glacial acetic acid market are
- BASF SE (Germany)
- Eastman Chemical Company (U.S.)
- Celanese Corporation (U.S.)
- Hawkins. (U.S.)
- China Petrochemical Corporation. (China)
- Reliance Industries Limited. (India)
- Spectrum Chemical (U.S.)
- MP BIOMEDICALS. (U.S.)
- KH Chemicals (Netherlands)
- Jubilant Pharmova (India)
- LyondellBasell Industries Holdings B.V. (Netherlands)
- Dow (U.S.)
- Merck KGaA (Germany)
- LOTTE INEOS CHEMICAL CO.,LTD (South Korea)
- Jiangsu SOPO (Group) Co., Ltd. (China)
- EuroChem Group (Switzerland)
- B. Enterprises. (India)
- CAMEO Chemicals (U.S.)
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