Europe Acetic Acid Market Synopsis
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.
Impact of COVID-19 on Europe Acetic Acid 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.
Market analysis based on Countries
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.
Market analysis based on Application
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.
Competitive Landscape
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.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021.
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Europe Acetic Acid Market Outlook
- Market Size of Europe Acetic Acid Market, 2021
- Forecast of Europe Acetic Acid Market, 2028
- Historical Data and Forecast of Europe Acetic Acid Revenues & Volume for the Period 2018 - 2028
- Europe Acetic Acid Market Trend Evolution
- Europe Acetic Acid Market Drivers and Challenges
- Europe Acetic Acid Price Trends
- Europe Acetic Acid Porter's Five Forces
- Europe Acetic Acid Industry Life Cycle
- Historical Data and Forecast of Europe Acetic Acid Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of Europe Acetic Acid Market Revenues & Volume By Vinyl Acetate Monomer for the Period 2018 - 2028
- Historical Data and Forecast of Europe Acetic Acid Market Revenues & Volume By Acetic Anhydride for the Period 2018 - 2028
- Historical Data and Forecast of Europe Acetic Acid Market Revenues & Volume By Acetate Esters for the Period 2018 - 2028
- Historical Data and Forecast of Europe Acetic Acid Market Revenues & Volume By Purified Terephthalic Acid for the Period 2018 - 2028
- Historical Data and Forecast of Europe Acetic Acid Market Revenues & Volume By Ethanol for the Period 2018 - 2028
- Historical Data and Forecast of Europe Acetic Acid Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of Germany Acetic Acid Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of Germany Acetic Acid Market Revenues & Volume By Vinyl Acetate Monomer for the Period 2018 - 2028
- Historical Data and Forecast of Germany Acetic Acid Market Revenues & Volume By Acetic Anhydride for the Period 2018 - 2028
- Historical Data and Forecast of Germany Acetic Acid Market Revenues & Volume By Acetate Esters for the Period 2018 - 2028
- Historical Data and Forecast of Germany Acetic Acid Market Revenues & Volume By Purified Terephthalic Acid for the Period 2018 - 2028
- Historical Data and Forecast of Germany Acetic Acid Market Revenues & Volume By Ethanol for the Period 2018 - 2028
- Historical Data and Forecast of Germany Acetic Acid Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Acetic Acid Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Acetic Acid Market Revenues & Volume By Vinyl Acetate Monomer for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Acetic Acid Market Revenues & Volume By Acetic Anhydride for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Acetic Acid Market Revenues & Volume By Acetate Esters for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Acetic Acid Market Revenues & Volume By Purified Terephthalic Acid for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Acetic Acid Market Revenues & Volume By Ethanol for the Period 2018 - 2028
- Historical Data and Forecast of United Kingdom Acetic Acid Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of France Acetic Acid Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of France Acetic Acid Market Revenues & Volume By Vinyl Acetate Monomer for the Period 2018 - 2028
- Historical Data and Forecast of France Acetic Acid Market Revenues & Volume By Acetic Anhydride for the Period 2018 - 2028
- Historical Data and Forecast of France Acetic Acid Market Revenues & Volume By Acetate Esters for the Period 2018 - 2028
- Historical Data and Forecast of France Acetic Acid Market Revenues & Volume By Purified Terephthalic Acid for the Period 2018 - 2028
- Historical Data and Forecast of France Acetic Acid Market Revenues & Volume By Ethanol for the Period 2018 - 2028
- Historical Data and Forecast of France Acetic Acid Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of Italy Acetic Acid Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of Italy Acetic Acid Market Revenues & Volume By Vinyl Acetate Monomer for the Period 2018 - 2028
- Historical Data and Forecast of Italy Acetic Acid Market Revenues & Volume By Acetic Anhydride for the Period 2018 - 2028
- Historical Data and Forecast of Italy Acetic Acid Market Revenues & Volume By Acetate Esters for the Period 2018 - 2028
- Historical Data and Forecast of Italy Acetic Acid Market Revenues & Volume By Purified Terephthalic Acid for the Period 2018 - 2028
- Historical Data and Forecast of Italy Acetic Acid Market Revenues & Volume By Ethanol for the Period 2018 - 2028
- Historical Data and Forecast of Italy Acetic Acid Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of Russia Acetic Acid Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of Russia Acetic Acid Market Revenues & Volume By Vinyl Acetate Monomer for the Period 2018 - 2028
- Historical Data and Forecast of Russia Acetic Acid Market Revenues & Volume By Acetic Anhydride for the Period 2018 - 2028
- Historical Data and Forecast of Russia Acetic Acid Market Revenues & Volume By Acetate Esters for the Period 2018 - 2028
- Historical Data and Forecast of Russia Acetic Acid Market Revenues & Volume By Purified Terephthalic Acid for the Period 2018 - 2028
- Historical Data and Forecast of Russia Acetic Acid Market Revenues & Volume By Ethanol for the Period 2018 - 2028
- Historical Data and Forecast of Russia Acetic Acid Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of Spain Acetic Acid Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of Spain Acetic Acid Market Revenues & Volume By Vinyl Acetate Monomer for the Period 2018 - 2028
- Historical Data and Forecast of Spain Acetic Acid Market Revenues & Volume By Acetic Anhydride for the Period 2018 - 2028
- Historical Data and Forecast of Spain Acetic Acid Market Revenues & Volume By Acetate Esters for the Period 2018 - 2028
- Historical Data and Forecast of Spain Acetic Acid Market Revenues & Volume By Purified Terephthalic Acid for the Period 2018 - 2028
- Historical Data and Forecast of Spain Acetic Acid Market Revenues & Volume By Ethanol for the Period 2018 - 2028
- Historical Data and Forecast of Spain Acetic Acid Market Revenues & Volume By Others for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Acetic Acid Market Revenues & Volume By Application for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Acetic Acid Market Revenues & Volume By Vinyl Acetate Monomer for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Acetic Acid Market Revenues & Volume By Acetic Anhydride for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Acetic Acid Market Revenues & Volume By Acetate Esters for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Acetic Acid Market Revenues & Volume By Purified Terephthalic Acid for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Acetic Acid Market Revenues & Volume By Ethanol for the Period 2018 - 2028
- Historical Data and Forecast of Rest of Europe Acetic Acid Market Revenues & Volume By Others for the Period 2018 - 2028
- Europe Acetic Acid Market - Key Performance Indicators
- Europe Acetic Acid Market - Import Export Trade Statistics
- Europe Acetic Acid Market - Opportunity Assessment By Countries
- Europe Acetic Acid Market - Opportunity Assessment By Application
- Europe Acetic Acid Market - Top Companies Market Share
- Europe Acetic Acid Market - Top Companies Profiles
- Europe Acetic Acid Market - Comparison of Players in Technical and Operating Parameters
- Europe Acetic Acid Market - Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
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