Europe Acetic Acid Market - Segmented by Application, End-User Industry, and Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The European acetic acid market is expected to register a CAGR of 4.30% during the forecast period, 2018-2023. Vinyl Acetate Monomers (VAM) dominated the market by application in 2017, with nearly 34% share in the market, while the purified terephthalic acid (PTA) segment is estimated to register the fastest CAGR through the forecast period.

High Demand from VAM’s

By application, VAM dominated the acetic acid market, with a market share of more than 35%, followed by PTA at 22.52% in 2017. The demand for acetic acid from VAM’s has been at a steady rise, owing to the rising demand from Germany, Spain, and Russia.

Germany Dominates the Market

In Europe, Germany has the largest share in the market, and accounted for nearly 29% of the total market share in 2017. VAM is the key raw material in the manufacturing of water-based adhesives, which account for a significant share of the adhesives & sealants market. Germany is also expected to experience the highest CAGR during the forecast period. The increasing demand from Germany is expected to boost the demand for acetic acid over the forecast period.

Key Developments in the Market

  • April 2017: Celanese Corporation completed the acquisition of the Nylon Compounding division of Nilit.

Major Key Players are BP, Celanese, Deicil, DowDuPont, Showa Denko and Eastman Chemical Company, GNFC Ltd, and Lyondell Basell, amongst others.

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1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary

3. Market Insights

                3.1 Industry Value-Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Increasing Demand in Spain and Russia

                                4.1.2 Other Drivers

                4.2 Restraints

                                4.2.1 Environmental Concerns

                                4.2.2 Other Restraints

                4.3 Opportunity

                                4.3.1 Growth of the Packaging Industry opening Opportunities for the Acetic Acid Market

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)

                5.1 By Application

                                5.1.1 Vinyl Acetate Monomer (VAM)

                                5.1.2 Purified Teraphthalic Acid (PTA)

                                5.1.3 Acetate Esters

                                5.1.4 Acetate Anhydride

                                5.1.5 Others

                5.2 By End-user Industry

                                5.2.1 Plastics & Polymers

                                5.2.2 Food & Beverage

                                5.2.3 Inks, Paints & Coatings

                                5.2.4 Pharmaceutical

                                5.2.5 Textile

                                5.2.6 Others

6. Regional Market Analysis (Market Size, Share, and Forecast)

                6.1 Germany

                6.2 United Kingdom

                6.3 France

                6.4 Italy

                6.5 Rest of Europe

7. Future of the Market

8. Competitive Landscape

                8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                8.2 Market Share Analysis**

                8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)

                9.1 BP

                9.2 Celanese

                9.3 Deicel

                9.4 DowDuPont

                9.5 Eastman Chemical Co.

                9.6 Gnfc Ltd.

                9.7 Lyondell Basell

                9.8 Showa Denko

                *List not exhaustive

10. Disclaimer

**Subject to availability on public domain

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