Supply Chain Ecosystem Analysis now part of DBMR Reports
Global Acetic Acid in Food Application Market, By Analysis Type (Feedstocks Analysis, Raw Material Analysis), Manufacturing Process (Synthetic Route, Biological Route), Form (Liquid, Solid), Application (Vinyl Acetate Monomer, Terephthalic Acid, Acetic Anhydride, Acetate Esters, Ketene, Monochloroacetic, Textiles, Dimethylacetamide, Others), Industry (Textile Industry, Machinery Manufacturing and Repair, Printing, Film Industry, Food and Beverage, Laboratory Chemicals, Electroplating) – Industry Trends and Forecast to 2029
Rising demand for the product from Vinyl Acetate Monomer (VAM) producers around the world is expected to remain a key driver of market growth. VAM consumes the vast majority of the acetic acid produced globally.
Data Bridge Market Research analyses that the acetic acid in food application market was valued at 10.5 billion in 2021 and is expected to reach the value of USD 14.93 billion by 2029, at a CAGR of 4.50% during the forecast period. 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.
Report Scope and Market 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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Analysis Type (Feedstocks Analysis, Raw Material Analysis), Manufacturing Process (Synthetic Route, Biological Route), Form (Liquid, Solid), Application (Vinyl Acetate Monomer, Terephthalic Acid, Acetic Anhydride, Acetate Esters, Ketene, Monochloroacetic, Textiles, Dimethylacetamide, Others), Industry (Textile Industry, Machinery Manufacturing and Repair, Printing, Film Industry, Food and Beverage, Laboratory Chemicals, Electroplating)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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, South Africa, Egypt, Israel, 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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BP p.l.c (U.K.), Celanese Corporation (U.S.), Eastman Chemical Company (U.S.), Shanghai Huayi (Group) Company (China), Daicel Corporation (Japan), LyondellBasell Industries Holdings B.V. (Netherlands), Shandong Hualu-Hengsheng Chemical Co. Ltd. (China), Yankuang Group (China), Jiangsu Sopo (Group) Co. Ltd. (China), and Kingboard Chemical Holdings Ltd. (HongKong)
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Opportunities
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Market Definition
Acetic acid (CH3COOH) is a colourless organic compound with a strong, sour, and pungent odour. It is also known as ethanoic acid or methane carboxylic acid. It is a key chemical reagent and industrial chemical used in the production of metal acetates, vinyl acetate, cellulose acetate, and volatile organic esters such as ethyl and butyl acetates.
Drivers
The consumption of vinegar has increased as it aids in weight loss, blood pressure maintenance, and blood sugar and cholesterol regulation. As acetic acid is used in the production of vinegar, it is propelling the market's overall growth.
Acetic acid is used in the production of coatings, greases, polyesters, and sealants, which are used in a variety of industries including electronics, automobiles, textiles, and packaging. Polyethylene terephthalate (PET) bottles are currently gaining popularity in the medical and consumer goods sectors due to their lightweight and recyclable nature. As PET bottles are made from purified terephthalic acid (PTA), which is derived from acetic acid, rising demand is propelling the market forward.
Opportunity
Acetic acid producers are increasingly embracing new technologies such as BP's Cativa and Celanese's AO-plus (Acid Optimization Plus), which deliver significant savings in variable costs as well as lower capital costs for new plant construction. They also increase capacity, improve production efficiency, reduce energy consumption by approximately 30%, and lower operating costs. Rising adoption of these emerging technologies for producing the chemical and its derivatives bodes well for the industry's future growth.
Restraints
Volatility in methanol prices, combined with the product's high corrosive nature, will most likely limit the growth of the acetic acid in food application market during the forecast period. The increasing number of negative effects on animal and plant species will be the most significant challenge to market growth.
This acetic acid in food application 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 acetic acid in food application 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.
The COVID-19 pandemic in 2021 had a negative impact on the market. The declining automotive industry, as well as the temporary shutdown of automotive manufacturing units and various construction projects due to the ongoing uncertainty of pandemic regulations, reduced the use of adhesives, paints, and coatings, negatively impacting acetic acid demand. The measures imposed by various government authorities around the world to slowdown the spread of the virus, as well as workforce shortages caused by illness and preventative quarantines, impacted most end-user industries, including textiles, food and beverage, automotive, and construction, affecting the growth of the acetic acid market.
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.
Recent Development
The acetic acid in food application market is segmented on the basis of analysis type, manufacturing process, form, application, and industry. 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
Analysis type
Manufacturing Process
Form
Industry
Application
The acetic acid in food applications market is analysed and market size insights and trends are provided by country, analysis type, manufacturing process, form, application, and industry as referenced above.
The countries covered in the acetic acid in food applications market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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, South Africa, Egypt, Israel, 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.
China dominates the Asia-Pacific acetic acid in food application market due to the prevalence of various market players as well as rising consumption of the product in the region, whereas the United States is expected to grow in the North America acetic acid in food application market from 2022 to 2029 due to rising usages of the product in ethanol production.
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.
The acetic acid in food application 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 acetic acid in food application market.
Some of the major players operating in the acetic acid in food application market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Acetic Acid In Food Application Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Acetic Acid In Food Application Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.