Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol, Others) And Competitive Landscape
Product Code: ETC436006 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Europe Acetic Acid Market is anticipated to project growth in the upcoming years on the back of increasing industrialization and rapid urbanization which are leading to an increase in the consumption of acetic acid. The growing automotive sector, food and beverage industry and increased demand from fuel & chemical industries are the major factors contributing to the development of the market. The Europe Acetic Acid Market growth is attributed to the increasing popularity of vinegar to garnishing flavors, inks, and other food and beverage products. However, imbalanced regional production capacity and stringent environmental regulations are expected to be the restraining factors in the market expansion.
According to 6Wresearch, Europe Acetic Acid Market is expected to grow during 2022-2028. The Europe Acetic Acid Market is projected to grow in the forthcoming years mainly due to rise in production of acetic acid-based chemicals and increasing demand for these products across various industrial sectors. The increasing use of this acid as a feedstock for manufacturing various advanced materials such as OLEDs, semiconductors, and pharmaceuticals. Moreover, the increasing awareness about healthy eating habits and preferences among consumers, rising incidences of chronic diseases such as obesity, and increased demand for dietary supplements are another factor contributing to the development of the market.
The outbreak of the COVID-19 pandemic significantly impacted the Acetic Acid Market in Europe due to the lockdown measures implemented across various countries in Europe. It has led to a decrease in demand for acetic acid from end-use industries such as automotive, textile, and construction. Moreover, the closure of manufacturing plants in China has disrupted the supply chain and resulted in a shortage of raw materials which has further hampered the growth of the Europe Acetic Acid Industry.
Based on Countries, the market is bifurcated into Germany, United Kingdom, France, Italy, Russia, Spain, Rest Of Europe. In terms of revenue, the market is dominated by Germany and France on the account of their large acetic acid production capacities.
Based on Application, the market is segmented into Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol, and Others. Each of these segments are leading the Europe Acetic Acid Market share during the forecast period.
The market for acetic acid is highly competitive in nature with number of major leading players competing for market share. They are focusing on several R&D activities to attract new customers.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Acetic Acid Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Acetic Acid Market Revenues & Volume, 2021 & 2028F |
3.3 Europe Acetic Acid Market - Industry Life Cycle |
3.4 Europe Acetic Acid Market - Porter's Five Forces |
3.5 Europe Acetic Acid Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Europe Acetic Acid Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 Europe Acetic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Acetic Acid Market Trends |
6 Europe Acetic Acid Market, 2018 - 2028 |
6.1 Europe Acetic Acid Market, Revenues & Volume, By Application, 2018 - 2028 |
7 Germany Acetic Acid Market, 2018 - 2028 |
7.1 Germany Acetic Acid Market, Revenues & Volume, By Application, 2018 - 2028 |
8 United Kingdom Acetic Acid Market, 2018 - 2028 |
8.1 United Kingdom Acetic Acid Market, Revenues & Volume, By Application, 2018 - 2028 |
9 France Acetic Acid Market, 2018 - 2028 |
9.1 France Acetic Acid Market, Revenues & Volume, By Application, 2018 - 2028 |
10 Italy Acetic Acid Market, 2018 - 2028 |
10.1 Italy Acetic Acid Market, Revenues & Volume, By Application, 2018 - 2028 |
11 Russia Acetic Acid Market, 2018 - 2028 |
11.1 Russia Acetic Acid Market, Revenues & Volume, By Application, 2018 - 2028 |
12 Spain Acetic Acid Market, 2018 - 2028 |
12.1 Spain Acetic Acid Market, Revenues & Volume, By Application, 2018 - 2028 |
13 Rest of Europe Acetic Acid Market, 2018 - 2028 |
13.1 Rest of Europe Acetic Acid Market, Revenues & Volume, By Application, 2018 - 2028 |
14 Europe Acetic Acid Market Key Performance Indicators |
15 Europe Acetic Acid Market - Opportunity Assessment |
15.1 Europe Acetic Acid Market Opportunity Assessment, By Countries, 2021 & 2028F |
15.2 Europe Acetic Acid Market Opportunity Assessment, By Application, 2021 & 2028F |
16 Europe Acetic Acid Market - Competitive Landscape |
16.1 Europe Acetic Acid Market Revenue Share, By Companies, 2021 |
16.2 Europe Acetic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |