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Global Acetic Acid Industry

  • June 2014
  • -
  • Global Industry Analysts
  • -
  • 247 pages

This report analyzes the worldwide markets for Acetic Acid in Tons by the following End-Use Segments: Vinyl Acetate Monomer (VAM), Acetic Anhydride, Ethyl Acetate, Butyl Acetate, Other Acetates, Purified Terephthalic Acid (PTA), and Other Applications. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 63 companies including many key and niche players such as -

BP p.l.c
Celanese Corporation
Chang Chun Petrochemical Co., Ltd.
Daicel Corporation
Eastman Chemical Company

Table Of Contents

Global Acetic Acid Industry



I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definitions and Scope of Study I-3


II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1
Acetic Acid - A Prelude II-1
China Powers the Global Acetic Acid Market II-2
Vinyl Acetate Monomer - The Largest End-use Segment for Acetic
Acid II-2
Table 1: Global VAM Production Capacity (2012): Percentage
Breakdown of Volume Production by Region (includes
corresponding Graph/Chart) II-3
PTA - The Fastest Growing End-use Segment for Acetic Acid II-3
Table 2: Global PTA Production Capacity (2012): Percentage
Breakdown of Volume Capacity by Region (includes
corresponding Graph/Chart) II-3
Competition II-4
BP and Celanese Dominate Acetic Acid Production Scenario II-4
Table 3: Leading Players in the Global Acetic Acid Market
(2013): Percentage Breakdown of Production Capacity for BP,
Celanese, Eastman, Jiangsu Sopo, Lyondell and Others
(includes corresponding Graph/Chart) II-4

2. MARKET TRENDS AND DRIVERS II-5
Next-generation Technologies Gain Prominence for Acetic Acid
Manufacturing II-5
Table 4: Global Acetic Acid Production (2013): Percentage
Breakdown of Production Capacity by Technology - Acetaldehyde
Oxidation, Ethyl Alcohol, Methanol Carbonylation and Others
(includes corresponding Graph/Chart) II-5
Standard Monsanto Technology Stands Strong II-5
AO Plus® Process Technology - An Improvement Over the
Conventional Monsanto Technology II-6
BP Unveils Its New SaaBre Technology for Acetic Acid Production II-6
Eastman's Technology Emphasizes on Co-Production of Acetic
Acid and Acetic Anhydride II-7
Producers Exercise Increased Control Over Methanol
Carbonylation Technology II-7
Booming Asian Chemical Industry to Benefit Global Acetic Acid
Market II-7
Global Acetic Acid Demand Projected to Grow in Line with
Burgeoning GDP Rates II-8
Table 5: GDP Growth for Key Developed and Developing
Countries: 2003-2013 (includes corresponding Graph/Chart) II-9
Developing Nations Spearhead the Global Acetic Acid Demand II-9
Raw Materials: Greatly Influencing the Acetic Acid Market II-10
Globalization Takes Over the Mantle II-10
Capacity Expansion on the Rise II-10
Table 6: Global Acetic Acid Capacity Additions for the Years
2012 through 2018 (includes corresponding Graph/Chart) II-11

Table 7: Global Acetic Acid Capacity Closures (2011-2013)
(includes corresponding Graph/Chart) II-12
Acetic Acid Manufacturers Based in Western Countries Shift
Production Overseas II-12
Table 8: Global Acetic Acid Production (2013): Percentage
Breakdown of Volume Production by Country/Region (includes
corresponding Graph/Chart) II-12

Table 9: Global Acetic Anhydride Production Capacity (2012):
Percentage Breakdown of Volume Production Capacities by
Country/Region (includes corresponding Graph/Chart) II-13
Intermediates/Derivatives: Driving the Acetic Acid Market II-13
Demand from Coatings Sector Augurs Well for Global Ethyl
Acetate Market II-13
Table 10: Global Ethyl Acetate Production Capacity (2012):
Percentage Breakdown of Volume Production Capacities by
Region (includes corresponding Graph/Chart) II-14
Water-Borne Coatings Witness Growth in Demand - A Potential
Threat to Ethyl Acetate-Based Coatings II-14
Table 11: Global Paints and Coatings Market (2013): Percentage
Breakdown of Value Demand by Category (includes
corresponding Graph/Chart) II-15
Ethylene Vinyl Acetate Gains Popularity in Packaging
Applications II-15
Multiple Factors to Benefit Global Vinyl Acetate Monomer (VAM)
Market II-15
Synthesis of Acetic Acid from Bio-based Materials Gathers
Momentum II-16
Acetic Acid - The Green Building Blocks of Eco-friendly Plastics II-16
Smoking Buoys Cellulose Acetate Demand II-17
Table 12: Smoking Prevalence Worldwide by Region: 2012
(includes corresponding Graph/Chart) II-17
Impact of Government Legislations on the Market II-17

3. PRODUCT OVERVIEW II-18
Chemical and Physical Properties II-18
Grades II-19
Hazards II-19
Primary Uses of Acetic Acid II-19
Synthetic Flavoring Agent II-20
Feedstock in the Production of Acetic Anhydride II-20
Buffering Agent II-20
Applications in the Pharmaceutical Industry II-20
Etherifying and Neutralizing Agent II-20
Photographic Chemicals Manufactured Using Acetic Acid II-20
Primary Input in the Production of Rubber Chemicals II-20
Removes Rust from Garments II-21
Chemical and Biochemical Analysis II-21
Acetic Acid - An Alternative for Cancer Treatment II-21
Acetic Acid - A Latent Peril II-21
Repercussions of Excessive Exposure II-21
Short-term Exposure II-21
Long-term Exposure II-21
Personal Protection II-21
Feedstock Used for the Production of Acetic Acid II-22
Methanol II-22
Ethylene II-22
An Important Petrochemical Intermediate II-22
Acetaldehyde II-22

4. END-USE MARKETS - AN OVERVIEW II-23
Key End-Use Segments for Acetic Acid II-23
Vinyl Acetate Monomer (VAM) II-23
Production Process II-24
End-Use Applications II-24
Purified Terephthalic Acid (PTA) II-24
Increased Use of PET II-24
Cellulose Acetate and Acetic Anhydride II-24
End-use Applications of Cellulose Acetate II-25
Acetylates (Esters and Acetates) II-25
Ethyl Acetates II-25
Production Process II-25
Recent Developments II-25
Consumption Pattern II-26
Acetic Anhydride II-26
Other II-26
Monochloroacetic Acid II-26

5. RECENT INDUSTRY ACTIVITY II-27
EU Approves Kuraray's Acquisition of DuPont's Glass and Vinyls
Unit II-27
BP to Build Greenfield Acetic Acid Plant in Oman II-27
Daicel Chem Files Chinese Patent Application for Acetic Acid
Production Technology II-27
Sahara Petrochemical Inks Memorandum of Understanding with
Saudi International Petrochemical II-27
BP Rolls Out SaaBre Acetic Acid Production Technology II-27
Celanese Terminates Operations of Roussillon Acetic Anhydride
and Tarragona VAM Facility II-27
Indian Oil Collaborates with BP to Construct Acetic Acid Plant
in Gujarat II-27
Lyondell Chemie Nederland Inks Storage and Handling Agreement
with Oiltanking Stolthaven Antwerp II-28
Showa Denko Announces Plans to Build Ethyl Acetate Plant in
Oita Complex II-28
Gazprom Neft Collaborates with Sibur for Production of
Terephthalic Acid II-28
Suven Life Sciences Announces Plans to Establish Cyano Acetic
Acid Plant in Visakhapatnam II-28
Sinopec Unveils 50:50 Joint Venture with Guodian Younglight
Energy Chemical Group II-28
Reliance to Acquire Malaysian Petrochemical Plant from BP II-28
Ineos Renews Feedstock Supply Agreement with BP II-28
Petronas Collaborates with LanzaTech to Develop Acetic Acid
from Waste Gases II-29
Assam Petrochemicals to Set Up Methanol and Acetic Acid
Manufacturing Plant II-29
Melanotan US Introduces AceticAcid 0.6% for Research Application II-29
Thermo Fisher Scientific Unveils Fisher Chemical Optima LC/MS
Grade Acetic Acid II-29
Sinopec Collaborates with SK Chemical and BP for Building
Acetic Acid Manufacturing Facility in China II-29

6. FOCUS ON SELECT GLOBAL PLAYERS II-30
BP p.l.c. (UK) II-30
BP PETRONAS Acetyls Sdn Bhd (Malaysia) II-30
Samsung BP Chemicals Co., Ltd. (South Korea) II-30
Celanese Corporation (US) II-30
Chang Chun Petrochemical Co., Ltd. (Taiwan) II-31
China Petrochemical Development Corporation (Taiwan) II-31
Daicel Corporation (Japan) II-31
Eastman Chemical Company (US) II-32
Gujarat Narmada Valley Fertilizers Company Ltd (India) II-32
Jiangsu Sopo (Group) Co., Ltd (China) II-33
Jubilant Life Sciences Limited (India) II-33
Kuraray Co., Ltd. (Japan) II-34
LyondellBasell Industries (US) II-34
Showa Denko K.K. (Japan) II-34
SINOPEC Sichuan Vinylon Works (China) II-35
Wacker Chemie AG (Germany) II-35

7. GLOBAL MARKET PERSPECTIVE II-36
Table 13: World Recent Past, Current and Future Analysis for
Acetic Acid by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2013 through 2020 (includes
corresponding Graph/Chart) II-36

Table 14: World Historic Review for Acetic Acid by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America and Rest of World Markets Independently
Analyzed with Annual Consumption Figures in Tons for Years
2006 through 2012 (includes corresponding Graph/Chart) II-37

Table 15: World 15-Year Perspective for Acetic Acid by
Geographic Region - Percentage Breakdown of Volume Consumption
for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2006, 2014 and
2020 (includes corresponding Graph/Chart) II-38

Table 16: World Recent Past, Current and Future Analysis for
Acetic Acid in Vinyl Acetate Monomer (VAM) by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America and Rest of World Markets Independently
Analyzed with Annual Consumption Figures in Tons for Years
2013 through 2020 (includes corresponding Graph/Chart) II-39

Table 17: World Historic Review for Acetic Acid in Vinyl
Acetate Monomer (VAM) by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2006 through 2012
(includes corresponding Graph/Chart) II-40

Table 18: World 15-Year Perspective for Acetic Acid in Vinyl
Acetate Monomer (VAM) by Geographic Region - Percentage
Breakdown of Volume Consumption for US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets for Years 2006, 2014 and 2020 (includes
corresponding Graph/Chart) II-41

Table 19: World Recent Past, Current and Future Analysis for
Acetic Acid in Acetic Anhydride by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) II-42

Table 20: World Historic Review for Acetic Acid in Acetic
Anhydride by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) II-43

Table 21: World 15-Year Perspective for Acetic Acid in Acetic
Anhydride by Geographic Region - Percentage Breakdown of
Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) II-44

Table 22: World Recent Past, Current and Future Analysis for
Acetic Acid in Ethyl Acetate by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) II-45

Table 23: World Historic Review for Acetic Acid in Ethyl
Acetate by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) II-46

Table 24: World 15-Year Perspective for Acetic Acid in Ethyl
Acetate by Geographic Region - Percentage Breakdown of Volume
Consumption for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) II-47

Table 25: World Recent Past, Current and Future Analysis for
Acetic Acid in Butyl Acetate by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) II-48

Table 26: World Historic Review for Acetic Acid in Butyl
Acetate by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) II-49

Table 27: World 15-Year Perspective for Acetic Acid in Butyl
Acetate by Geographic Region - Percentage Breakdown of Volume
Consumption for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) II-50

Table 28: World Recent Past, Current and Future Analysis for
Acetic Acid in Other Acetates by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) II-51

Table 29: World Historic Review for Acetic Acid in Other
Acetates by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) II-52

Table 30: World 15-Year Perspective for Acetic Acid in Other
Acetates by Geographic Region - Percentage Breakdown of Volume
Consumption for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) II-53

Table 31: World Recent Past, Current and Future Analysis for
Acetic Acid in Purified Terephthalic Acid (PTA) by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Latin America and Rest of World Markets Independently
Analyzed with Annual Consumption Figures in Tons for Years
2013 through 2020 (includes corresponding Graph/Chart) II-54

Table 32: World Historic Review for Acetic Acid in Purified
Terephthalic Acid (PTA) by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2006 through 2012
(includes corresponding Graph/Chart) II-55

Table 33: World 15-Year Perspective for Acetic Acid in
Purified Terephthalic Acid (PTA) by Geographic Region -
Percentage Breakdown of Volume Consumption for US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), Latin America
and Rest of World Markets for Years 2006, 2014 and 2020
(includes corresponding Graph/Chart) II-56

Table 34: World Recent Past, Current and Future Analysis for
Acetic Acid in Other Applications by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
America and Rest of World Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) II-57

Table 35: World Historic Review for Acetic Acid in Other
Applications by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Latin America and Rest of
World Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) II-58

Table 36: World 15-Year Perspective for Acetic Acid in Other
Applications by Geographic Region - Percentage Breakdown of
Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) II-59


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Current and Future Analysis III-1
Market Scenario III-1
Market Determined by Derivatives III-1
Ex-Im Statistics III-2
Table 37: US Exports of Acetic Acid (2012 and 2013):
Percentage Breakdown of Value Exports by Destination
Country (includes corresponding Graph/Chart) III-2

Table 38: US Imports of Acetic Acid (2012 and 2013):
Percentage Breakdown of Value Imports by Origin Country
(includes corresponding Graph/Chart) III-3

Table 39: US Exports of Acetic Anhydride (2012 and 2013):
Percentage Breakdown of Value Exports by Destination
Country (includes corresponding Graph/Chart) III-4

Table 40: US Imports of Acetic Anhydride (2012 and 2013):
Percentage Breakdown of Value Imports by Origin Country
(includes corresponding Graph/Chart) III-5

Table 41: US Exports of Vinegar and Other Substitutes for
Vinegar Derived from Acetic Acid (2013): Percentage
Breakdown of Value Exports by Destination Country (includes
corresponding Graph/Chart) III-5

Table 42: US Imports of Vinegar and Other Vinegar
Substitutes Derived from Acetic Acid (2013): Percentage
Breakdown of Value Imports by Origin Country (includes
corresponding Graph/Chart) III-6
Strategic Corporate Developments III-6
Key Players III-6
B.Market Analytics III-8
Table 43: US Recent Past, Current and Future Analysis for
Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-8

Table 44: US Historic Review for Acetic Acid by End-Use
Segment - VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-9

Table 45: US 15-Year Perspective for Acetic Acid by End-Use
Segment - Percentage Breakdown of Volume Consumption for
VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate, Other
Acetates, PTA, and Other End-Use Markets for Years 2006,
2014 and 2020 (includes corresponding Graph/Chart) III-10

2. CANADA III-11
A.Market Analysis III-11
Current and Future Analysis III-11
Ex-Im Statistics III-11
Table 46: Canadian Exports of Acetic Acid (2013): Breakdown
of Value Exports in US$ by Destination Country III-11

Table 47: Canadian Imports of Acetic Acid (2013): Breakdown
of Value Imports in US$ by Origin Country III-12
Canadian Exports of Acetic Anhydride III-12
Table 48: Canadian Imports of Acetic Anhydride (2012 and
2013): Percentage Breakdown of Value Imports by Origin
Country III-12

Table 49: Canadian Exports of Vinegar and Other Vinegar
Substitutes Derived from Acetic Acid (2013): Percentage
Breakdown of Value Exports by Destination Country (includes
corresponding Graph/Chart) III-13

Table 50: Canadian Imports of Vinegar and Other Vinegar
Substitutes Derived from Acetic Acid (2013): Percentage
Breakdown of Value Imports by Origin Country (includes
corresponding Graph/Chart) III-13
B.Market Analytics III-14
Table 51: Canadian Recent Past, Current and Future Analysis
for Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-14

Table 52: Canadian Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-15

Table 53: Canadian 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-16

3. JAPAN III-17
A.Market Analysis III-17
Current and Future Analysis III-17
Infiltrating into Developing Markets III-17
Market Dynamics III-17
Strategic Corporate Developments III-17
Key Players III-18
B.Market Analytics III-19
Table 54: Japanese Recent Past, Current and Future Analysis
for Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-19

Table 55: Japanese Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-20

Table 56: Japanese 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-21

4. EUROPE III-22
A.Market Analysis III-22
Current and Future Analysis III-22
Table 57: EU Classification of Acetic Acid Solutions III-22
Ex-Im Statistics III-23
Table 58: EU Imports of Acetic Acid, its Salts and Acetic
Anhydride (2012): Percentage Breakdown of Value Imports by
Origin Country (includes corresponding Graph/Chart) III-23

Table 59: EU Imports of Acetic Acid, Its Salts and Acetic
Anhydride (2012): Percentage Breakdown of Volume Imports by
Origin Country (includes corresponding Graph/Chart) III-23

Table 60: EU Exports of Acetic Acids, its Salts and Acetic
Anhydride (2012): Percentage Breakdown of Value Exports by
Destination Country (includes corresponding Graph/Chart) III-24

Table 61: EU Exports of Acetic Acids, its Salts and Acetic
Anhydride (2012): Percentage Breakdown of Volume Exports by
Destination Country (includes corresponding Graph/Chart) III-24

Table 62: EU Imports of Vinegar and Other Vinegar
Substitutes Derived from Acetic Acid (2012): Percentage
Breakdown of Value Imports by Origin Country (includes
corresponding Graph/Chart) III-25

Table 63: EU Imports of Vinegar and Other Vinegar
Substitutes Derived from Acetic Acid (2012): Percentage
Breakdown of Volume Imports by Origin Country (includes
corresponding Graph/Chart) III-25

Table 64: EU Exports of Vinegar and Other Vinegar
Substitutes Derived from Acetic Acid (2012): Percentage
Breakdown of Value Exports by Destination Country (includes
corresponding Graph/Chart) III-26

Table 65: EU Exports of Vinegar and Other Vinegar
Substitutes Derived from Acetic Acid (2012): Percentage
Breakdown of Volume Exports by Destination Country
(includes corresponding Graph/Chart) III-26
B.Market Analytics III-27
Table 66: European Recent Past, Current and Future Analysis
for Acetic Acid by Geographic Region - France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2013 through 2020 (includes corresponding
Graph/Chart) III-27

Table 67: European Historic Review for Acetic Acid by
Geographic Region - France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets Independently Analyzed
with Annual Consumption Figures in Tons for Years 2006
through 2012 (includes corresponding Graph/Chart) III-28

Table 68: European 15-Year Perspective for Acetic Acid by
Geographic Region - Percentage Breakdown of Volume
Consumption for France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets for Years 2006, 2014 and 2020
(includes corresponding Graph/Chart) III-29

Table 69: European Recent Past, Current and Future Analysis
for Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-30

Table 70: European Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-31

Table 71: European 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-32

4a. FRANCE III-33
A.Market Analysis III-33
Current and Future Analysis III-33
Strategic Corporate Development III-33
B.Market Analytics III-34
Table 72: French Recent Past, Current and Future Analysis for
Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-34

Table 73: French Historic Review for Acetic Acid by End-Use
Segment - VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-35

Table 74: French 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-36

4b. GERMANY III-37
A.Market Analysis III-37
Current and Future Analysis III-37
Wacker Chemie AG - A Key Player III-37
B.Market Analytics III-38
Table 75: German Recent Past, Current and Future Analysis for
Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-38

Table 76: German Historic Review for Acetic Acid by End-Use
Segment - VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-39

Table 77: German 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-40

4c. ITALY III-41
Market Analysis III-41
Table 78: Italian Recent Past, Current and Future Analysis for
Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-41

Table 79: Italian Historic Review for Acetic Acid by End-Use
Segment - VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-42

Table 80: Italian 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-43

4d. THE UNITED KINGDOM III-44
A.Market Analysis III-44
Current and Future Analysis III-44
Strategic Corporate Developments III-44
BP p.l.c. - A Key Player III-44
B.Market Analytics III-45
Table 81: UK Recent Past, Current and Future Analysis for
Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-45

Table 82: UK Historic Review for Acetic Acid by End-Use
Segment - VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-46

Table 83: UK 15-Year Perspective for Acetic Acid by End-Use
Segment - Percentage Breakdown of Volume Consumption for
VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate, Other
Acetates, PTA, and Other End-Use Markets for Years 2006,
2014 and 2020 (includes corresponding Graph/Chart) III-47

4e. SPAIN III-48
Market Analysis III-48
Table 84: Spanish Recent Past, Current and Future Analysis for
Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-48

Table 85: Spanish Historic Review for Acetic Acid by End-Use
Segment - VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-49

Table 86: Spanish 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-50

4f. RUSSIA III-51
A.Market Analysis III-51
Current and Future Analysis III-51
Strategic Corporate Development III-51
B.Market Analytics III-52
Table 87: Russian Recent Past, Current and Future Analysis for
Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-52

Table 88: Russian Historic Review for Acetic Acid by End-Use
Segment - VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-53

Table 89: Russian 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-54

4g. REST OF EUROPE III-55
A.Market Analysis III-55
Current and Future Analysis III-55
Uzbekistan Restricts Sales of Acetic Acid with Concentration
Higher than 10% III-55
Strategic Corporate Development III-55
B.Market Analytics III-56
Table 90: Rest of Europe Recent Past, Current and Future
Analysis for Acetic Acid by End-Use Segment - VAM, Acetic
Anhydride, Ethyl Acetate, Butyl Acetate, Other Acetates,
PTA, and Other End-Use Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through
2020 (includes corresponding Graph/Chart) III-56

Table 91: Rest of Europe Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-57

Table 92: Rest of Europe 15-Year Perspective for Acetic Acid
by End-Use Segment - Percentage Breakdown of Volume
Consumption for VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) III-58

5. ASIA-PACIFIC III-59
A.Market Analysis III-59
Market Outlook III-59
Key Petrochemical Market III-59
Asia Lures Global Majors III-59
B.Market Analytics III-60
Table 93: Asia-Pacific Recent Past, Current and Future
Analysis for Acetic Acid by Geographic Region - China, India
and Rest of Asia-Pacific Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through
2020 (includes corresponding Graph/Chart) III-60

Table 94: Asia-Pacific Historic Review for Acetic Acid by
Geographic Region - China, India and Rest of Asia-Pacific
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-61

Table 95: Asia-Pacific 15-Year Perspective for Acetic Acid
by Geographic Region - Percentage Breakdown of Volume
Consumption for China, India and Rest of Asia-Pacific
Markets for Years 2006, 2014 and 2020 (includes corresponding
Graph/Chart) III-62

Table 96: Asia-Pacific Recent Past, Current and Future
Analysis for Acetic Acid by End-Use Segment - VAM, Acetic
Anhydride, Ethyl Acetate, Butyl Acetate, Other Acetates,
PTA, and Other End-Use Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through
2020 (includes corresponding Graph/Chart) III-63

Table 97: Asia-Pacific Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-64

Table 98: Asia-Pacific 15-Year Perspective for Acetic Acid
by End-Use Segment - Percentage Breakdown of Volume
Consumption for VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) III-65

5a. CHINA III-66
A.Market Analysis III-66
Current and Future Analysis III-66
Key Statistics III-66
Table 99: Chinese Acetic Acid Production (2012): Percentage
Breakdown of Volume Capacities by Region (includes
corresponding Graph/Chart) III-66

Table 100: Major Acetic Acid Producers in China (2013)
(includes corresponding Graph/Chart) III-67

Table 101: Chinese Acetic Acid Production (2013):
Percentage Breakdown of Production Capacities by Technology -
Acetaldehyde, Ethanol, Ethylene Oxidation and Methanol
Carbonylation (includes corresponding Graph/Chart) III-68

Table 102: Acetic Acid Start-ups in China (2010-2013)
(includes corresponding Graph/Chart) III-68
Strategic Corporate Developments III-69
Key Players III-69
B.Market Analytics III-70
Table 103: Chinese Recent Past, Current and Future Analysis
for Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-70

Table 104: Chinese Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-71

Table 105: Chinese 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-72

5b. INDIA III-73
A.Market Analysis III-73
Current and Future Analysis III-73
Acetic Acid Prices on the Rise III-73
Strategic Corporate Developments III-73
Key Players III-74
B.Market Analytics III-75
Table 106: Indian Recent Past, Current and Future Analysis for
Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-75

Table 107: Indian Historic Review for Acetic Acid by End-Use
Segment - VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-76

Table 108: Indian 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-77

5c. REST OF ASIA-PACIFIC III-78
A.Market Analysis III-78
Current and Future Analysis III-78
Strategic Corporate Developments III-78
Key Players III-78
B.Market Analytics III-80
Table 109: Rest of Asia-Pacific Recent Past, Current and
Future Analysis for Acetic Acid by End-Use Segment - VAM,
Acetic Anhydride, Ethyl Acetate, Butyl Acetate, Other
Acetates, PTA, and Other End-Use Markets Independently
Analyzed with Annual Consumption Figures in Tons for Years
2013 through 2020 (includes corresponding Graph/Chart) III-80

Table 110: Rest of Asia-Pacific Historic Review for Acetic
Acid by End-Use Segment - VAM, Acetic Anhydride, Ethyl
Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2006 through 2012
(includes corresponding Graph/Chart) III-81

Table 111: Rest of Asia-Pacific 15-Year Perspective for
Acetic Acid by End-Use Segment - Percentage Breakdown of
Volume Consumption for VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets for Years 2006, 2014 and 2020 (includes corresponding
Graph/Chart) III-82

6. LATIN AMERICA III-83
Market Analysis III-83
Table 112: Latin American Recent Past, Current and Future
Analysis for Acetic Acid by Geographic Region - Brazil and
Rest of Latin America Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through
2020 (includes corresponding Graph/Chart) III-83

Table 113: Latin American Historic Review for Acetic Acid by
Geographic Region - Brazil and Rest of Latin America Markets
Independently Analyzed with Annual Consumption Figures in
Tons for Years 2006 through 2012 (includes corresponding
Graph/Chart) III-84

Table 114: Latin American 15-Year Perspective for Acetic
Acid by Geographic Region - Percentage Breakdown of Volume
Consumption for Brazil and Rest of Latin America Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) III-85

Table 115: Latin American Recent Past, Current and Future
Analysis for Acetic Acid by End-Use Segment - VAM, Acetic
Anhydride, Ethyl Acetate, Butyl Acetate, Other Acetates,
PTA, and Other End-Use Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through
2020 (includes corresponding Graph/Chart) III-86

Table 116: Latin American Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-87

Table 117: Latin American 15-Year Perspective for Acetic
Acid by End-Use Segment - Percentage Breakdown of Volume
Consumption for VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) III-88

6a. BRAZIL III-89
Market Analysis III-89
Table 118: Brazilian Recent Past, Current and Future Analysis
for Acetic Acid by End-Use Segment - VAM, Acetic Anhydride,
Ethyl Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2013 through 2020
(includes corresponding Graph/Chart) III-89

Table 119: Brazilian Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-90

Table 120: Brazilian 15-Year Perspective for Acetic Acid by
End-Use Segment - Percentage Breakdown of Volume Consumption
for VAM, Acetic Anhydride, Ethyl Acetate, Butyl Acetate,
Other Acetates, PTA, and Other End-Use Markets for Years
2006, 2014 and 2020 (includes corresponding Graph/Chart) III-91

6b. REST OF LATIN AMERICA III-92
Market Analysis III-92
Table 121: Rest of Latin America Recent Past, Current and
Future Analysis for Acetic Acid by End-Use Segment - VAM,
Acetic Anhydride, Ethyl Acetate, Butyl Acetate, Other
Acetates, PTA, and Other End-Use Markets Independently
Analyzed with Annual Consumption Figures in Tons for Years
2013 through 2020 (includes corresponding Graph/Chart) III-92

Table 122: Rest of Latin America Historic Review for Acetic
Acid by End-Use Segment - VAM, Acetic Anhydride, Ethyl
Acetate, Butyl Acetate, Other Acetates, PTA, and Other
End-Use Markets Independently Analyzed with Annual
Consumption Figures in Tons for Years 2006 through 2012
(includes corresponding Graph/Chat) III-93

Table 123: Rest of Latin America 15-Year Perspective for
Acetic Acid by End-Use Segment - Percentage Breakdown of
Volume Consumption for VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets for Years 2006, 2014 and 2020 (includes corresponding
Graph/Chart) III-94

7. REST OF WORLD III-95
A.Market Analysis III-95
Current and Future Analysis III-95
Strategic Corporate Developments III-95
B.Market Analytics III-96
Table 124: Rest of World Recent Past, Current and Future
Analysis for Acetic Acid by End-Use Segment - VAM, Acetic
Anhydride, Ethyl Acetate, Butyl Acetate, Other Acetates,
PTA, and Other End-Use Markets Independently Analyzed with
Annual Consumption Figures in Tons for Years 2013 through
2020 (includes corresponding Graph/Chart) III-96

Table 125: Rest of World Historic Review for Acetic Acid by
End-Use Segment - VAM, Acetic Anhydride, Ethyl Acetate,
Butyl Acetate, Other Acetates, PTA, and Other End-Use
Markets Independently Analyzed with Annual Consumption
Figures in Tons for Years 2006 through 2012 (includes
corresponding Graph/Chart) III-97

Table 126: Rest of World 15-Year Perspective for Acetic Acid
by End-Use Segment - Percentage Breakdown of Volume
Consumption for VAM, Acetic Anhydride, Ethyl Acetate, Butyl
Acetate, Other Acetates, PTA, and Other End-Use Markets for
Years 2006, 2014 and 2020 (includes corresponding Graph/Chart) III-98


IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 63 (including Divisions/Subsidiaries - 67)

The United States (9)
Canada (1)
Japan (4)
Europe (12)
- Germany (4)
- The United Kingdom (1)
- Italy (1)
- Spain (1)
- Rest of Europe (5)
Asia-Pacific (Excluding Japan) (33)
Latin America (4)
Middle East (4)

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