North America Acetic Acid Market by Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, Ester Solvents & Others) & by Country - Trends & Forecasts to 2019

The North America acetic acid market, along with its end products, has witnessed a linear growth in the past few years and this growth is estimated to increase in coming years. Acetic acid is one of the basic organic chemical raw materials mainly used in the production of cellulose acetate for photographic film and polyvinyl acetate for wood glue, as well as synthetic fibers and markets, and as a food additive code. The quality, high efficiency, and environment-friendly nature are some of the major features that creates an upsurge in the demand for acetic acid. The upcoming safety regulations and innovative techniques for its use will be the key influencing factors for the North America acetic acid market.

The acetic acid market in North America is witnessing growth, which is expected to continue in the near future, mainly driven by the high growth in the U.S., Canada, and Mexico and the intense efforts at country level to promote environment-friendly and recyclable products. Considerable amount of investments are made by various market players to serve the end-user applications industry in future. North America accounted for around 20% of the total global demand in 2014.

Almost 41% of the total acetic acid demand was for the vinyl acetate monomer applications in 2014, with the polyvinyl acetate for wood glue and automotive industry being the fastest growing end-use segments, primarily due to high penetration in all the regions.

The market will be driven by the increasing vinyl acetate monomer demand, growing textile and packaging industry, and the increasing penetration of ester solvents in coating industries.

This report estimates the market of acetic acid for 2014 and its projected demand by 2019. It provides a detailed qualitative and quantitative analysis of the North America acetic acid market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases were used to identify and collect information useful for this extensive commercial study of the acetic acid market. The primary sources – experts from related industries and suppliers – were interviewed to obtain and verify critical information as well as to assess the future prospects of the market.

The report includes a competitive landscape of the market along with the profiles of leading market players of this industry and their recent developments and other strategic industry activities. The key players include Celanese Corporation (U.S.), LyondellBasell (Netherlands), Eastman Chemicals (U.S.), and others.

Scope of the Report:

This research report categorizes the North America acetic acid market on the basis of application and geography along with forecast volume, value, and analysis of trends in each of the submarkets.

On the Basis of Application:

• Vinyl Acetate Monomer
• Purified Terephtalic Acid
• Ester Solvents
• Acetic Anhydride
• Others

On the Basis of Geography:

• U.S.
• Canada
• Mexico

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Acetic Acid Market
    2.2 Arriving at the Acetic Acid Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand-Side Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 19)

4 Market Overview (Page No. - 21)
    4.1 Introduction
    4.2 Acetic Acid Market: Comparison With Parent Market
    4.3 Market Drivers & Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 Acetic Acid Market, By Application (Page No. - 27)
    5.1 Introduction
    5.2 Acetic Acid in Vinyl Acetate Monomer, By Country
    5.3 Acetic Acid in Ester Solvents, By Country
    5.4 Acetic Acid in Purified Terephtalic Acid, By Country
    5.5 Acetic Acid in Acetic Anhydride, By Country

6 Acetic Acid Market, By Country (Page No. - 37)
    6.1 Introduction
    6.2 U.S. Acetic Acid Market
           6.2.1 U.S. Acetic Acid Market, By Application
    6.3 Canada Acetic Acid Market
           6.3.1 Canada Acetic Acid Market, By Application
    6.4 Mexico Acetic Acid Market
           6.4.1 Mexico Acetic Acid Market, By Application

7 Acetic Acid Market: Competitive Landscape (Page No. - 49)
    7.1 Acetic Acid Market: Company Share Analysis
    7.2 Expansion
    7.3 Mergers & Acquisitions
    7.4 Agreements
    7.5 Joint Venture
    7.6 New Technology Launch

8 Acetic Acid Market, By Company (Page No. - 53)
(Overview, Financials, Products & Services, Strategy, and Developments)*
    8.1 Celanese Corporation
    8.2 Eastman Chemical Company
    8.3 Lyondellbasell
    8.4 BP PLC
    8.5 Daicel Corporation
*Details On Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company

9 Appendix (Page No. - 70)
    9.1 Customization Options
           9.1.1 Technical Analysis
           9.1.2 Low-Cost Sourcing Locations
           9.1.3 Regulatory Framework
           9.1.4 Impact Analysis
           9.1.5 Trade Analysis
           9.1.6 Historical Data and Trends
    9.2 Related Reports
    9.3 Introducing RT: Real Time Market Intelligence
           9.3.1 RT Snapshots

List of Tables (44 Tables)

Table 1 Global Acetic Acid Peer Market Size, 2014 (USD MN)
Table 2 North America Acetic Acid Application Market, 2014 (KT)
Table 3 Acetic Acid Market: Comparison With Parent Market, 2013 – 2019 (USD MN)
Table 4 Acetic Acid Market: Comparison With Parent Market, 2013 – 2019 (KT)
Table 5 North America Acetic Acid Market: Drivers & Inhibitors
Table 6 North America Acetic Acid Market, By Application, 2013 - 2019 (USD MN)
Table 7 North America Acetic Acid Market, By Application, 2013 - 2019 (KT)
Table 8 North America Acetic Acid Market, By Country, 2013 - 2019 (USD MN)
Table 9 North America Acetic Acid Market, By Country,2013 - 2019 (KT)
Table 10 North America Acetic Acid Market: Comparison With Application Markets, 2013 - 2019 (USD MN)
Table 11 North America Acetic Acid Market, By Application, 2013 - 2019 (USD MN)
Table 12 North America Acetic Acid Market, By Application, 2013 - 2019 (KT)
Table 13 North America Acetic Acid in Vinyl Acetate Monomer, By Country,2014 - 2019 (USD MN)
Table 14 North America Acetic Acid in Vinyl Acetate Monomer, By Country,2014 - 2019 (KT)
Table 15 North America Acetic Acid in Ester Solvents, By Country,2013 - 2019 (USD MN)
Table 16 North America Acetic Acid in Ester Solvents, By Country, 2013 - 2019 (KT)
Table 17 North America Acetic Acid in Purified Terephtalic Acid, By Country,2013 - 2019 (USD MN)
Table 18 North America Acetic Acid in Purified Terephtalic Acid, By Country,2013 - 2019 (KT)
Table 19 North America Acetic Acid in Acetic Anhydride, By Country,2013 - 2019 (USD MN)
Table 20 North America Acetic Acid in Acetic Anhydride, By Country, 2013 - 2019 (KT)
Table 21 North America Acetic Acid Market, By Country, 2013 - 2019 (USD MN)
Table 22 North America Acetic Acid Market, By Country, 2013 - 2019 (KT)
Table 23 U.S. Acetic Acid Market, By Application, 2013-2019 (USD MN)
Table 24 U.S. Acetic Acid Market, By Application, 2013-2019 (KT)
Table 25 Canada Acetic Acid Market, By Application,  2013 - 2019 (USD MN)
Table 26 Canada Acetic Acid Market, By Application, 2013 - 2019 (KT)
Table 27 Mexico Acetic Acid Market, By Application,  2013- 2019 (USD MN)
Table 28 Mexico Acetic Acid Market, By Application, 2013-2019 (KT)
Table 29 Acetic Acid Market in North America: Company Share Analysis, 2014 (%)
Table 30 North America Acetic Acid Market: Expansion
Table 31 North America Acetic Acid Market: Mergers & Acquisitions
Table 32 North Americaacetic Acid Market: Agreement
Table 33 North America Acetic Acid Market: Agreement
Table 34 North America Acetic Acid Market: New Technology Launch
Table 35 Celanese: Key Operations Data, 2009 – 2013 (USD MN)
Table 36 Celanese: Key Financials, 2009 - 2013 (USD MN)
Table 37 Eastman Chemicals: Key Operations Data, 2009 - 2013 (USD MN)
Table 38 Eastman Chemicals: Key Financials, 2009 - 2013 (USD MN)
Table 39 Lyondellbasell: Key Operations Data, 2009 - 2013 (USD MN)
Table 40 Lyondellbasell: Key Financials, 2009 - 2013 (USD MN)
Table 41 BP PLC: Key Operations Data, 2009 - 2013 (USD MN)
Table 42 BP PLC: Key Financials, 2009 - 2013 (USD MN)
Table 43 Daicel Corporation: Key Operations Data, 2009 - 2013 (USD MN)
Table 44 Daicel Corporation: Key Financials, 2009 - 2013 (USD MN)

List of Figures (39 Figures)

Figure 1 North America Acetic Acid Market: Segmentation & Coverage
Figure 2 Acetic Acid Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 North America Acetic Acid Market, Snapshot, 2014
Figure 8 Acetic Acid Market: Growth Aspects
Figure 9 Acetic Acid Market: Comparison With Parent Market
Figure 10 North America Acetic Acid Market, By Application, 2014 vs  2019
Figure 11 North America Acetic Acid Market, By Country, 2014 vs  2019
Figure 12 North America Acetic Acid Market, By Application,  2014 - 2019 (USD MN)
Figure 13 North America Acetic Acid Market, By Application,  2014 - 2019 (KT)
Figure 14 North America Acetic Acid Market in Vinyl Acetate Monomer,By Country, 2014 - 2019 (USD MN)
Figure 15 North America Acetic Acid Market in Ester Solvents, By Country,2014 - 2019 (USD MN)
Figure 16 North America Acetic Acid Market in Purified Terephtalic Acid,By Country, 2014 - 2019 (USD MN)
Figure 17 North America Acetic Acid Market in Acetic Anhydride, By Country,2014 - 2019 (USD MN)
Figure 18 North America Acetic Acid Market: Growth Analysis, By Country,2014-2019 (USD MN)
Figure 19 North America Acetic Acid Market: Growth Analysis, By Country,2014-2019 (KT)
Figure 20 U.S. Acetic Acid Market Overview, 2014 & 2019 (%)
Figure 21 U.S. Acetic Acid Market, By Application, 2013-2019 (USD MN)
Figure 22 U.S. Acetic Acid Market: Application Snapshot
Figure 23 Canada Acetic Acid Market Overview, 2014 & 2019 (%)
Figure 24 Canada Acetic Acid Market, By Application, 2013-2019 (USD MN)
Figure 25 Canada Acetic Acid Market: Application Snapshot
Figure 26 Mexico Acetic Acid Market Overview, 2014 & 2019 (%)
Figure 27 Mexico Acetic Acid Market, By Application, 2013 - 2019 (USD MN)
Figure 28 Mexico Acetic Acid Market: Application Snapshot
Figure 29 Acetic Acid Market: Company Share Analysis, 2014 (%)
Figure 30 Celanese Revenue Mix, 2014 (%)
Figure 31 Celanese Revenues, 2009-2013 (USD MN)
Figure 32 Eastman Chemicals Revenue Mix, 2014 (%)
Figure 33 Eastman Chemicals Revenues, 2009-2013 (USD MN)
Figure 34 Lyondellbasell Revenue Mix, 2014 (%)
Figure 35 Lyondellbasell Revenues, 2009-2013 (USD MN)
Figure 36 BP PLC Revenue Mix, 2014 (%)
Figure 37 BP PLC Revenue, 2009-2013 (USD MN)
Figure 38 Daicel Corporation Revenue Mix, 2013 (%)
Figure 39 Daicel Corporation Revenues, 2009 -2013 (USD MN)

Acetic acid is one of the carboxylic acid that is mainly obtained from methanol through various processes, for instance carbonylation. The acetic acid market in North America is projected to witness growth owing to the growing demand for its derivatives including vinyl acetate monomer, purified terephtalic acid, ester solvents, and acetic anhydride.

North America is a diversified market for petrochemicals owing to the presence of numerous key players.

The domestic demand for specialty and base chemicals is experiencing high growth owing to the increasing number of domestic manufacturers and various expansions undertaken by the market players to expand its export market. The future growth of the industry would be driven by the investments in chemical and petrochemical projects due to the recent boom of shale gas and oil slates in the U.S. and Canada.

The North American acetic acid industry is witnessing high growth on account of increasing end-user applications, technological advancements, and growing demand in the region. It is largely used in industries for manufacturing of chemicals, such as vinyl acetate monomer, purified terephtalic acid, ester solvents, and acetic anhydride.

The North American acetic acid market, by application, was valued at $2.3 billion in 2014, which is projected to reach $2.8 billion by 2019, at a CAGR of 3.7% during the forecast period. The vinyl acetate monomer held the largest consumption share of 41.3% in 2014. It is projected to reach a volume of 1,676.1 KT by 2019, at a CAGR of 4.7% during the forecast period. The purified terephtalic acid market is estimated to grow with the highest CAGR of 5.8% between 2014 and 2019. The U.S. is the leading market for acetic acid in this region.

The key players in the North America acetic acid market include Celanese Corporation (U.S.), LyondellBasell (Netherlands), Eastman Chemicals (U.S.), and others.