Report Detail

Chemical & Material Asia-Pacific Acetic Acid Market Outlook to 2026

  • RnM4315806
  • |
  • 13 May, 2021
  • |
  • Global
  • |
  • Pages: NA
  • |
  • BlueQuark Research
  • |
  • Chemical & Material

1. Executive Summary

    2. Research Scope and Methodology

    • 2.1 Aim & Objective of the study
    • 2.2 Market Definition
    • 2.3 Study Information
    • 2.4 General Study Assumptions
    • 2.5 Research Phases

    3. Market Analysis

    • 3.1 Introduction
    • 3.2 Market Dynamics
      • 3.2.1 Drivers
      • 3.2.2 Restraints
    • 3.3 Market Trends & Developments
    • 3.4 Market Opportunities
    • 3.5 Feedstock Analysis
    • 3.6 Trade Scenario
    • 3.7 Price Trend Analysis
    • 3.8 Supply Scenario
    • 3.9 Regulatory Policies
    • 3.10 Analysis of Covid-19 Impact

    4. Industry Analysis

    • 4.1 Supply Chain Analysis
    • 4.2 Porter’s Five Forces Analysis
      • 4.2.1 Competition in the Industry
      • 4.2.2 Potential of New Entrants into the Industry
      • 4.2.3 Bargaining Power of Suppliers
      • 4.2.4 Bargaining Power of Consumers
      • 4.2.5 Threat of substitute products

    5. Market Segmentation & Forecast

    • 5.1 By Feedstock
    • 5.1.1 Natural Gas/Oil
    • 5.1.2 Coal
    • 5.1.3 Others
  • 5.2 By Derivative
    • 5.2.1 Formaldehyde
    • 5.2.2 Acetic Acid
    • 5.2.3 Gasoline
    • 5.2.4 Methylamines
    • 5.2.5 Methyl Methacrylate (MMA)
    • 5.2.6 Alternative Fuels
    • 5.2.7 Methanol-to-Olefins (MTO)
    • 5.2.8 Methyl Tert Butyl Ether (MTBE)
  • 5.3 By End Use
    • 5.3.1 Paints & Coatings
    • 5.3.2 Construction
    • 5.3.3 Pharmaceuticals
    • 5.3.4 Automotive
    • 5.3.5 Packaging
    • 5.3.6 Others
  • 6. Regional Market Analysis

    • 6.1 China
    • 6.2 India
    • 6.3 Japan
    • 6.4 South Korea
    • 6.5 ASEAN Countries
    • 6.6 Rest of Asia-Pacific

    7. Key Company Profiles

    • 6.1 BP Plc
    • 6.2 Celanese

    Corporation

    • 6.3 Eastman

    Chemical Company

    • 6.4 PetroChina

    Company Limited

    • 6.5 Daicel Corporation
    • 6.6 Mitsubishi

    Chemical Corporation

    • 6.7 Lonza Group

    AG

    • 6.8 Solvay SA
    • 6.9 SABIC
    • 6.10

    LyondellBasell Industries N.V.

      *List of companies is not exhaustive

        8. Competitive Landscape

        • 8.1 List of Notable Players in the Market
        • 8.2 M&A, JV, and Agreements
        • 8.3 Market Share Analysis
        • 8.4 Strategies of Key Players

        9. Conclusions and Recommendations

        The market for acetic acid is expected to witness rapid growth in the region over the period of forecast due to an increase in the usage of vinyl acetate monomers in various end-user industries and large production capacities.

        Conventional plastic food packaging is generally thrown away and makes up about one-third of the municipal waste, and 60 to 90% of all marine debris that takes centuries to degrade, choking marine animals and harming the entire ecosystem. The situation of plastic waste dumping is worse in Asian countries like China, which generates the highest amount of plastic wastes in the world. Companies present in the region are gradually shifting towards greener packaging options such as polyvinyl alcohol. Kuraray’s MonoSol is a Japanese company that has made a food-grade film of polyvinyl alcohol that is colorless and non-toxic and in its dissolved state passes straight through the body.

        The Asia-Pacific acetic acid market is segmented on the basis of application and end-use. The end-usesegment is further segmented as Food & Beverage, Pharmaceuticals & Healthcare, Plastics & Polymers, Paints & Coatings, Adhesives, and Textiles, among others. Ethylene-vinyl acetate, a monomer of vinyl acetate is prominently used in solar panels, and of late many significant automakers and startups inChina are turning their cars into mobile solar arrays to extend the electric range of e-vehicles. In 2018, 1.1 million electric cars were sold in China, which is more than 55% of all-electric vehicles sold in the world. The higher sales of electric cars which are gradually turning into solar cars are going to be the major driving factor of the market in the region.

        Some of the key players in the market are BP Plc, Celanese Corporation, PetroChina Company Limited, Daicel Corporation, Mitsubishi Chemical Corporation, and Lonza Group AG.

        In October 2019, BP announced the increase of its Asian presence with an initial agreement, or memorandum of understanding, with China’s Zhejiang Petroleum and Chemical Corporation (ZPCC) to build a one million ton a year acetic acid plant. The planned production site for acetic acid would be part of ZPCC’s refining and petrochemical plant in Zhoushan in eastern China.

        In March 2019, BP and Lotte agreed on a major expansion of production capacity at their joint venture Lotte BP Chemical Company Limited facility in Ulsan, South Korea. The expansion added 100,000 tonnes a year of acetic acid capacity by May 2019 through debottlenecking.

        Our Asia-Pacific Acetic Acid Market report provides deep insight into the current and future state of the acetic acid market in the region. The report examines the market drivers and restraints that are influencing the growth in detail. The study also covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape section with profiles of major companies and their market shares.


        Summary:
        Get latest Market Research Reports on Asia-Pacific Acetic Acid. Industry analysis & Market Report on Asia-Pacific Acetic Acid is a syndicated market report, published as Asia-Pacific Acetic Acid Market Outlook to 2026. It is complete Research Study and Industry Analysis of Asia-Pacific Acetic Acid market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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