acetic acid Demand Analysis

Demand Drivers:

From the forthcoming years, the PTA sector will highly demand the acetic acid with the increasing production of polyester for apparels, textiles, and PET bottles. The only driving force to the global demand of PTA and acetic acid is the demand for PET products hence it will increase.

Growth Forecast:

PTA demand is expected to rise significantly mainly on account of growing application of the product in Asia-Pacific nations and revival of consumer goods and packaging industries across the world owing to the relaxation of COVID-19 restrictions. The production of PET bottle that has received a boost from the increasing bottled beverage market in Asia and Latin America will customers to demand for PTA.

Demand Drivers:

On the basis of sales analysis, demand for VAM is foreseen to rise progressively till 2034 due to recurrent vigorous demands in construction, automotive, packaging, and textiles sectors. The biggest demand will continue to remain in the Asia-Pacific region; however, very high demand will be observed throughout the world, especially in the emerging economies. The major end user industries for VAM are the paint and coatings industries. That is, in common with the construction business, other sectors such as the automobile industry in the developing world will have to use VAM; protective coatings and car paints included. VAM is vital in manufacturing polyvinyl acetate (PVA) necessary in manufacturing of adhesives for packaging, construction and furniture industries. This increases consumption of VAM because both packaging and construction industries require these products. The other players are textile industries which use PVA derived from VAM in synthetic fibers – polyester or textile coatings. VAM demand is supported due to increasing global textile production with concentration in Asia.

Growth Forecast:

• Construction and Infrastructure Development: A surge in plans and reality of urbanization and infrastructural development, especially in the Asia-Pacific, Africa, and Latin American climates is expected to drive VAM demand through paints, coatings, and adhesives.
• Automotive Sector: VAM will increase its demand as follows: car manufacturing, especially of electric cars, and development of sophisticated multicoat coatings for automotive applications like automotive paint and coatings.
• Packaging Growth: Increase in internet business and the global packaging of food are seen to fuel the demand for adhesive material films and coatings based on VAM.
• Emerging Markets: The period of rapid industrialization in developing countries will also create demand for products which require VAM especially in construction, automotive and packaging industries.

Demand Drivers:

Expansion of Industrial Sectors: The consumption of ethyl acetate heavily depends on the growth of its associated industries such as automotive, construction, packaging, and consumer goods. With these industries growing especially in the emerging markets the demand is expected to increase for ethyl acetate that is used in adhesive, paints and coatings.

E-commerce and Packaging Growth: The use of e commerce and online order foods have increased the concerns in packaging and since the use of packages so does the use of adhesives and coatings. It is used actively in these uses and has even increased demand further more as a result of this aspect.

Regulatory Push for Environmentally Friendly Solvents: As more environmental standards shift toward safer solvents with low toxicity, ethyl acetate should provide a better solution than those SECs that rely on toxic solvents such as toluene and xylene. It will foster need, especially for use in paint, coatings, and cosmetics manufacturing and application.

Automotive Industry Growth: The automotive industry is one of the largest end-use of paints and coatings, and ethyl acetate is frequently applied in this industry. Since automotive production and application of vehicle paint coatings are expected to grow around the world – so will the demand for ethyl acetate.

Pharmaceutical Sector Expansion: The continued demand for ethyl acetate is expected to be driven by the increased consumption of pharmaceutical products, especially generics and biologics. Its application as a solvent in pharma synthesis and in the isolation of active ingredients will continue to ensure ongoing use in medicine manufacturing.

Growth Forecast:

The forecast of the demand for ethyl acetate for the first five-year cycle is expected to exhibit growth due to the recovery of industries after the COVID-19’s impact in the segments of construction, packaging, automotive with a shift to green solvents. Between the years 2027 and 2030, the growth of the global demand will be at its peak, as new markets will have already peaked in the developed countries that initially experienced a demand bonanza from the geographically lower-infrastructure hook up industries while the new Asia and European and North America regulations will be a driver of future growth of the global demand. However, the demand is expected slightly increase only from 2031 to 20434 and increase again mainly in emerging markets for packaging materials industries and manufacturers of automobiles.

According to market forecast, the Asia-Pacific will dominate the global ethyl acetate market, being a leader in China and India due to the continuous growth of the industrial and construction sectors as well as the increasing demand for ethyl acetate in the automotive and consumer goods industries. North American stable demand includes the United States and Canada, its sub-segment by the shift to green-solvents in the coatings and adhesives market and a robust pharmaceutical market. Europe will remain a major market as regulatory drivers for environmentally friendly solutions in car manufacturing, beauty products, and drugs industry persist. On the other hand, Latin America and Africa will have high demand for ethyl acetate due to industrialization and urbanization for packaging, automotive and consumer goods industry.

Demand Drivers:

Increasing Demand in the Pharmaceutical Industry: Acetic anhydride plays an important role as a reagent in formulation of API’s especially in the synthesis of aspirin, codeine and other analgesics. For a long time, the world is increasingly demanding pharmaceutical products particularly the generics and biologics and thus acetic anhydride will continue to be in demand.

Rising Demand in the Chemical Industry: As new industries such as clothes, canning and automotive industries grow, the demand for acetic anhydride to manufacture these materials will also increase.

Growing Use in the Production of Plastics and Polymers: It is the chief ingredient in solutions used in the synthesis of plastics like acetate fibers and films. For instance, packaging, automotive and consumer goods sectors remain key drivers where packaging is expected to grow notably especially emerging markets hence driving the required demand for acetic anhydride.

Growth Forecast:

The demand for acetic anhydride is predicted to increase rapidly within the first years of the forecast period since industries will revive after the pandemic in the segments of pharmaceuticals and chemicals and plastics; the recovery of the supply chain and industrialization in the active emerging markets. Between 2027 and 2030, growth will be constant but only flattened in saturated markets while growth will be steady for newly developing areas like Asia Pacific, Latin America, Africa and others due to increasing use of sustainable chemicals.

Demand will grow to a more sustainable annually between 2031 and 2034 in developed regions thanks to market saturation but will remain steady in the emerging markets especially in packaging, pharmaceutical, and automotive coatings thanks to new technologies and increased regulatory support for environment friendly products.