World Analysis – Acetyls

  • Market Overview
  • Key Benefits
  • Service Features
  • Annual Table of Contents

Market Overview

Duration: Long-term outlook to 2050

Global Acetic acid demand is dominated by Vinyl acetate monomer (VAM) and Terephthalic acid (PTA). Other large consumption segments include Acetic Anhydride and Ethyl Acetate (EAC). Minor consumption segments include Monochloro Acetic Acid (MCA), n-Butyl Acetate (BAC), Sec-Butyl Acetate and Ethanol. Apart from its various industrial applications in manufacturing important derivatives, Acetic acid is also known for its use in the food industry, especially in vinegar and pharmaceutical industries. Vinyl acetate monomer (VAM) demand is primarily dominated by Polyvinyl Alcohol (PVOH) and Polyvinyl Acetate (PVA) which are used in adhesives, paints and coatings. VAM is also a precursor for Ethylene-vinyl acetate (EVA), whose growth is boosted by strong demand in photovoltaic panels. Other minor consumption segments include Ethylene–vinyl alcohol (EVOH) and Vinyl Acetate Ethylene (VAE).

Acetic acid is mostly produced from methanol through the process of methanol carbonylation owing to its lower production cost compared with other technologies. Natural gas prices are the driving factor for acetic acid production costs as they directly impact the methanol production costs and margins. In mainland China, coal prices influence the methanol and acetic acid production costs as China primarily uses coal to produce methanol. Vinyl acetate monomer (VAM) is primarily produced through the ethylene process which uses ethylene, acetic acid and oxygen as raw materials. In mainland China, VAM is mainly produced from the acetylene process due to the low cost of acetylene production. The sustainability agenda is also driving interest in bioacetic acid, which could be produced either wholly or partially from biomethanol via the mass balance method.

Key Benefits

Duration: Long-term outlook to 2050

The World Analysis – ABS Resins provides a comprehensive analysis and key insights into critical market developments as they shape the future outlook for the global ABS Resins market.

The following reports, data files, analytical tools and visualization modules are available online and can be downloaded from our website:

  • Direct Access to the Subject Matter Experts
  • In-depth exploration of present market strategic insights, recognition of critical challenges, and presentation of our experts’ forecasts and analysis
  • Explanatory Notes detailing data sources, methodologies, unit and conversion factors, and World Analysis deliverables.
  • Energy and Economy assumptions
  • Price, cost, and margin base assumptions forecast and sensitivities analysis, including price assessment methodology and price definitions across all regions.
  • Excel data files with standard supply/demand graphics and price forecasts extended to 2050, trade grids with country and regional trade flows Data appendix (Excel) with supply/demand, capacity and trade tables.
  • An online dashboard visualization of capacity, supply/demand, trade grids, and price, cost and margin forecasts
  • Supply/demand and capacity database access via data browser
  • Data Appendix (Excel) with supply/demand and capacity tables
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking, and ownership/subsidiary information

This World Analysis contains detailed information on capacities, production, demand, and trade for all significant producing and consuming countries and regions. Although data gathering is essential for understanding history and potential future trends, we believe that the interpretation and analysis of the data is the most valuable information to our clients.

Service Features

Duration: Long-term outlook to 2050


Frequency: Bi-annual
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: Acetic Acid, Vinyl Acetate Monomer, Acetic Anhydride, Ethyl Acetate, n-Butyl Acetate


Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050

  • Nameplate capacity on individual plant location by producer and by the shareholder for main study products + essential derivatives
  • Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: Acetic Acid, Vinyl Acetate Monomer, Acetic Anhydride, Cellulose Acetate, n-Butyl Acetate, Ethyl Acetate, Ethylene Vinyl Acetate, Ethylene Vinyl Alcohol, Polyvinyl Acetate, Polyvinyl Alcohol, Terephthalic Acid, Monochloroacetic Acid, Vinyl Acetate Ethylene


Frequency: Quarterly
Format: Excel
Timeframe: up to 2050
Area Coverage: For the key regions of North America (US), Europe & Asia
Chemical Coverage: Acetic Acid, Vinyl Acetate Monomer


Frequency: Bi-annual
Format: Excel
Timeframe: 1 year of history, up to 10 years of forecast
Area Coverage: Between partner countries and by region
Chemical Coverage: Acetic Acid, Vinyl Acetate Monomer


Frequency: Annual
Format: PDF/HTML
Timeframe: 5-year history, forecast to 2050
Coverage: Regional market summaries

  • Production economics/snapshots for selected regions/processes
  • Production process/technology overview
Chemical Coverage: Acetate Esters, Acetic Acid, Acetic Anhydride, Cellulose Acetate, Ethanol, Ethylene-vinyl Acetate, Ethylene-vinyl Alcohol, Monochloroacetic Acid, Polyvinyl acetate, Polyvinyl Alcohol, Sec-butyl Acetate, Terephthalic acid, Vinyl Acetate, Vinyl Acetate Ethylene


  • Access to our global team of subject matter experts
  • Interactive data visualization module (dashboard)
  • Standard supply/demand graphs
  • Data appendix with supply/demand and capacity tables
  • Supply/demand and capacity database access via data browser

Annual Table of Contents

  • Introduction 5
  • Executive Overview 7
  • Executive Overview 7
  • Strategic Issues 13
  • Strategic insights – acetic acid and vinyl acetate 13
  • North America 15
  • Acetic acid and vinyl acetate 15
  • South America 19
  • Acetic acid and vinyl acetate 19
  • West Europe 23
  • Acetic acid and vinyl acetate 23
  • Central Europe 27
  • Acetic Acid and Vinyl Acetate 27
  • CIS & Baltic States 31
  • Acetic Acid and Vinyl Acetate 31
  • Africa 35
  • Acetic acid and vinyl acetate 35
  • Middle East 39
  • Acetic acid and vinyl acetate 39
  • Indian Subcontinent 43
  • Acetic Acid and Vinyl Acetate 43
  • Mainland China 47
  • Acetic acid and vinyl acetate 47
  • Other Northeast Asia 52
  • Acetic acid and vinyl acetate 52
  • Southeast Asia 56
  • Acetic acid and vinyl acetate 56
  • Production Process Overview 60
  • Acetic Acid 60
  • Introduction 60
  • Methanol Carbonylation 60
  • Other Technologies 62
  • Vinyl Acetate 62
  • Introduction 62
  • Ethylene process 62
  • Acetylene process 64
  • Production Process Economics 65
  • Explanatory Notes 65
  • Acetic Acid (US Gulf Coast Basis) 66
  • Acetic Acid (China Basis) 67
  • Vinyl Acetate (China Basis, Fixed-Bed Ethylene Acetoxylation) 68
  • Vinyl Acetate (China Basis, Acetylene Process) 69
  • Price Forecast 70
  • Methodology 70
  • World 70
  • Asia 73
  • North America 74
  • West Europe 75
  • Price Forecast Tables 76
  • Derivative Market Overview 79
  • Acetic acid and vinyl acetate applications 79
  • Acetic anhydride 83
  • Cellulose acetate 87
  • Acetate esters 90
  • Sec-butyl Acetate 94
  • Polyvinyl alcohol 95
  • Terephthalic acid 98
  • Monochloroacetic acid 101
  • Polyvinyl acetate 105
  • Ethylene–vinyl acetate 108
  • Vinyl acetate–ethylene 111
  • Ethylene–vinyl alcohol 114
  • Ethanol 117
  • Supply/Demand forecast methodology 119

Market Coverage


Food & Beverage

Paint & Coating


Leshan Hou

Leshan Hou Director, Asia Acetyls Chemical Market Analytics by OPIS

Leshan Hou is the Director for Asia Acetic Acid and its derivatives at Chemical Market Analytics. With over 20 years of experience in the chemical industry, Leshan is a key resource for the Acetyls business development and deep insight into the Acetyls industry. In Northeast and Southeast Asia, he works closely with the methanol team and other market players, bringing support and insight to clients. His current area of focus includes the ‘Global Acetyls Monthly Report’ and primary input and insight for the World Acetyls analysis. Before joining HIS in 2012, he worked as a chemical consultant at China National Chemical Information Center, focused on the China chemical market, and completed hundreds of consultant projects, including market research, feasibility study and long-term company planning in the chemical industry for clients worldwide. He has a Master's in Fine Chemicals degree from Beijing Technology and Business University and a Bachelor's in Chemical Engineering degree from Qingdao University of Science and Technology.
Mike Nash

Mike Nash Vice President, Global Syngas Team Lead | Americas Acetyls Lead Chemical Market Analytics by OPIS

Mr. Mike Nash is the Vice President for Syngas Chemicals (including the methanol and acetyls practices) at Chemical Market Analytics. He works with a global team of regional consultants and overlays their analyses with a global perspective. His responsibilities include the weekly World Methanol Report and monthly World Methanol Analysis, including the weekly and monthly Global Acetyls Market Reports and the related World Analyses for Methanol, Acetyls, and Formaldehyde. Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) in September 2012, Mr. Nash worked for BP's petrochemicals division for 19 years preceding a two-year stint in Total's UK fuels business. He performed various commercial roles within BP, in international business management, marketing, project management, and logistics, based in London, Duesseldorf, and Kuala Lumpur. His last role in the Total UK was the Logistics Director for Specialties. Mr. Nash holds a Master of Arts in English Language and Literature from Edinburgh University, UK, and a Master of Business Administration from Kingston University, UK.
Julian Ahlers

Julian Ahlers Director, Acetyls Chemical Market Analytics by OPIS

Julian Ahlers is the Director of Acetyls at Chemical Market Analytics. Julian Ahlers is the director of acetyls at Chemical Market Analytics. He is based in Hamburg. His current focus is the acetyls industry in Europe, the Middle East, Africa, and the Indian Subcontinent. His responsibilities include the weekly and monthly Global Acetyls Market Reports and primary input and support for the World Acetyls Analysis. Before joining the IHS Markit base chemicals business (now known as Chemical Market Analytics) in July 2017, Mr. Ahlers had a six-year career with Helm AG in Hamburg. At Helm, he served as a product manager responsible for global acetic acid. Mr. Ahlers is a wholesale and foreign trade economist with a Bachelor of Business Administration.

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