| Product Code: ETC128300 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Philippines acetic acids import market in 2024 continued to be dominated by top exporting countries such as South Korea, China, Taiwan, India, and Singapore. The high concentration of the Herfindahl-Hirschman Index (HHI) indicates a consolidated market structure. With a strong compound annual growth rate (CAGR) of 9.67% from 2020 to 2024, the industry remains robust. Moreover, the growth rate of 6.35% from 2023 to 2024 signifies sustained momentum in import shipments, reflecting the steady demand for acetic acids in the Philippines.

The Philippines acetic acids market is expected to grow at a CAGR of 4.1% during the forecast period (2020-2025). The major factors driving the growth of this market are increasing demand for acetic acid from end-user industries, rising production capacity and technological advancements. Acetic acid is one of the most important chemicals used in various applications such as pharmaceuticals, food & beverages, polymers and others. Moreover, increased usage of acetic acid in production processes due to its cost effectiveness has further boosted its demand
However, availability of substitutes might hinder market growth during the forecast period. Additionally, stringent government regulations on emissions might adversely affect industry operations across certain countries like India and China owing to high pollution levels generated by manufacturing plants using acetic acid as feedstock material may hamper overall development in near future
COVID 19 has impacted negatively on global markets significantly as it resulted in supply chain disruptions leading to volatility in raw material prices along with decline in consumer spending due reduced incomes which further hampered businesses around the world negatively impacting chemical industry including Acids market globally .In spite of this ,companies involved have been taking steps towards recovery such as utilizing stored inventories ,diversifying operational locations etc which will help them come back stronger soon
Philippines Acetic Acids |
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 Philippines Acetic Acids Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Acetic Acids Market Revenues & Volume, 2020 & 2027F |
3.3 Philippines Acetic Acids Market - Industry Life Cycle |
3.4 Philippines Acetic Acids Market - Porter's Five Forces |
3.5 Philippines Acetic Acids Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.6 Philippines Acetic Acids Market Revenues & Volume Share, By End-Users, 2020 & 2027F |
4 Philippines Acetic Acids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Acetic Acids Market Trends |
6 Philippines Acetic Acids Market, By Types |
6.1 Philippines Acetic Acids Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Philippines Acetic Acids Market Revenues & Volume, By Application, 2018 - 2027F |
6.1.3 Philippines Acetic Acids Market Revenues & Volume, By Vinyl Acetate Monomer (VAM), 2018 - 2027F |
6.1.4 Philippines Acetic Acids Market Revenues & Volume, By Purified Terephthalic Acid (PTA), 2018 - 2027F |
6.1.5 Philippines Acetic Acids Market Revenues & Volume, By Acetate Esters, 2018 - 2027F |
6.1.6 Philippines Acetic Acids Market Revenues & Volume, By Acetic Anhydride, 2018 - 2027F |
6.1.7 Philippines Acetic Acids Market Revenues & Volume, By Other Applications, 2018 - 2027F |
6.2 Philippines Acetic Acids Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Philippines Acetic Acids Market Revenues & Volume, By Plastics and Polymers, 2018 - 2027F |
6.2.3 Philippines Acetic Acids Market Revenues & Volume, By Food and Beverage, 2018 - 2027F |
6.2.4 Philippines Acetic Acids Market Revenues & Volume, By Inks, Paints, and Coatings, 2018 - 2027F |
6.2.5 Philippines Acetic Acids Market Revenues & Volume, By Chemicals, 2018 - 2027F |
6.2.6 Philippines Acetic Acids Market Revenues & Volume, By Other End-user Industries, 2018 - 2027F |
7 Philippines Acetic Acids Market Import-Export Trade Statistics |
7.1 Philippines Acetic Acids Market Export to Major Countries |
7.2 Philippines Acetic Acids Market Imports from Major Countries |
8 Philippines Acetic Acids Market Key Performance Indicators |
9 Philippines Acetic Acids Market - Opportunity Assessment |
9.1 Philippines Acetic Acids Market Opportunity Assessment, By Application, 2020 & 2027F |
9.2 Philippines Acetic Acids Market Opportunity Assessment, By End-Users, 2020 & 2027F |
10 Philippines Acetic Acids Market - Competitive Landscape |
10.1 Philippines Acetic Acids Market Revenue Share, By Companies, 2020 |
10.2 Philippines Acetic Acids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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