Commodities
Acetic Acid Market size to grow by 5,379.71 thousand tons at a CAGR of 5.39% by 2027; the growing paint and coatings industry to boost market growth – Technavio
NEW YORK, June 25, 2023 /PRNewswire/ — The acetic acid market size is estimated to grow at a CAGR of 5.39% between 2022 and 2027. The market size is forecast to increase by 5,379.71 thousand tons, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report -Request a sample report
What’s New? -Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recessionGlobal competitiveness and key competitor positionsMarket presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!Acetic Acid Market 2023-2027: Vendor Analysis and ScopeThe acetic acid market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below -Airedale Chemical Co. Ltd., Ashok Alco Chem Ltd., BP Plc, Celanese Corp., Daicel Corp., DubiChem Marine International, Eastman Chemical Co., GNFC Ltd., HELM AG, Indian Oil Corp. Ltd., INEOS Group Holdings SA, Jiangsu Sopo Corp. Ltd., Kingboard Holdings Ltd., Lonza Group Ltd., LyondellBasell Industries NV, Pentokey Organy (India) Ltd., Saudi Basic Industries Corp., Shandong Hualu Hengsheng Chemical Co. Ltd., Shanghai Huayi Fine Chemical Co. Ltd., and Dow Inc.Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparative Analysis of Segments, and Y-O-Y Growth of Acetic acid market – Download Free SampleAcetic Acid Market – Market SegmentationThe market is segmented by application (VAM, PTA, acetic anhydride, and others), end-user (plastics and polymers, food and beverages, ink paints and coatings, chemicals, and others)The market share growth in the VAM segment will be significant during the forecast period. VAM can dissolve most organic solvents, including chlorinated solvents. This versatile substance finds application in a wide range of industries. It is utilized in the production of polymers that are essential components in various products such as printing inks, water-based paints, ceramic coatings, lacquers, packaging and construction adhesives, paper treatments, and protective coatings for different materials. Moreover, VAM plays an important role as a fundamental chemical building block in the manufacturing of both commercial and consumer goods.Geographical OverviewThe market is segmented by geography (APAC, North America, Europe, South America, and Middle East and Africa)APAC is estimated to contribute 30% to the growth of the market during the forecast period. The increasing need for acetic acid in various sectors is responsible for driving its growing demand. Industries such as pharmaceuticals, polymers, food packaging, plastics, and apparel depend on acetic acid and its derivatives, particularly cellulose acetate. The demand for acetic acid in the region is due to its use in applications involving PTA (purified terephthalic acid) and acetic anhydride. China and India are the primary consumers of acetic anhydride in the region. Hence, the above-mentioned factors will drive the demand for acetic acid in the region during the forecast period.For Insights on the market dynamics & segmentations VIEW PDF SAMPLE!Acetic Acid Market – Market DynamicsKey DriverThe growing paint and coatings industry is notably driving market growth. The increase in demand for paints and coatings in China, India, Malaysia, Thailand, and Vietnam can be due to the rising building and construction sector, which has experienced significant growth. This rapid industrialization, along with a growing construction sector and residential home sales, has resulted in increased use of paints and coatings in a variety of applications, including adhesives, paper coatings, textile treatments, and others. Hence, the use of polyvinyl acetate, derived from acetic acid, is expected to drive market growth during the forecast period.Major TrendsThe increasing demand for methanol is an emerging trend in market growth. The growth of the market for acetic acid will be fueled by the increasing demand for methanol. Researchers are currently exploring the conversion of methanol into acetic acid through the hydrocarboxylation process using carbon dioxide and hydrogen. Notably, companies like Eastman Chemical and Celanese are experiencing a rise in methanol production. These firms have built plants that can produce 500,000 metric tons of methanol per year. As a result, rising methanol production will increase demand for acetic acid, contributing to the market’s expansion.Significant ChallengesThe decreasing demand for conventional cigarettes that use acetic acid as a raw material may restrict market growth. The market is experiencing an impact on its growth due to the increasing popularity of electronic cigarettes as alternatives to traditional cigarettes. Electronic cigarettes have gained popularity as they are considered relatively less expensive and harmful compared to conventional tobacco products. This has led to numerous governments and regulatory bodies legalizing electronic cigarettes in both domestic and international markets. Furthermore, the growing acceptance and use of electronic cigarettes has resulted in a decrease in the usage of conventional cigarettes. Hence, the market is expected to be influenced by this shift in consumer preferences during the forecast period.For Insights on the market dynamics & segmentations VIEW PDF SAMPLE!What are the key data covered in this Acetic Acid Market report?CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the acetic acid market between 2023 and 2027Precise estimation of the size of the acetic acid market and its contribution to the market with a focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the acetic acid market across APAC, North America, Europe, South America, and the Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of acetic acid market vendorsGain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platformRelated ReportsThe purified terephthalic acid (PTA) market is estimated to grow at a CAGR of 8.46% between 2022 and 2027. The size of the market is forecast to increase by USD 45.16 billion. Furthermore, this report extensively covers market segmentation by application (polyester fiber, pet resins, films, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The increase in the consumption of packaging material is a key factor driving the market growth during the forecast period.The hyaluronic acid market size is estimated to grow at a CAGR of 7.3% between 2022 and 2027. The hyaluronic acid market size is forecast to increase by USD 3,719.76 million. Furthermore, this hyaluronic acid market report extensively covers market segmentation by application (dermal fillers, osteoarthritis, ophthalmic, and vesicoureteral reflux), end-user (pharmaceutical industry and cosmetic industry), and geography (North America, APAC, Europe, Middle East and Africa, and South America). This growing investment in expanding production facilities is a key factor driving the market growth during the forecast period.Acetic Acid Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 5.39%
Market growth 2023-2027
5,379.71 thousand tons
Market structure
Fragmented
YoY growth 2022-2023 (%)
5.13
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 30%
Key countries
US, China, Japan, India, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Airedale Chemical Co. Ltd., Ashok Alco Chem Ltd., BP Plc, Celanese Corp., Daicel Corp., DubiChem Marine International, Eastman Chemical Co., GNFC Ltd., HELM AG, Indian Oil Corp. Ltd., INEOS Group Holdings SA, Jiangsu Sopo Corp. Ltd., Kingboard Holdings Ltd., Lonza Group Ltd., LyondellBasell Industries NV, Pentokey Organy (India) Ltd., Saudi Basic Industries Corp., Shandong Hualu Hengsheng Chemical Co. Ltd., Shanghai Huayi Fine Chemical Co. Ltd., and Dow Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents1 Executive Summary1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ApplicationExhibit 06: Executive Summary – Chart on Market Segmentation by End-userExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning2 Market Landscape2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics3 Market Sizing3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (thousand t)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (thousand t)Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)4 Historic Market Size4.1 Global Acetic Acid Market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on global acetic acid Market 2017 – 2021 (thousand t)4.2 Application Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 (thousand t)4.3 End-user Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 (thousand t)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (thousand t)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (thousand t)5 Five Forces Analysis5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 20276 Market Segmentation by Application6.1 Market segmentsExhibit 30: Chart on Application – Market share 2022-2027 (%)Exhibit 31: Data Table on Application – Market share 2022-2027 (%)6.2 Comparison by Application Exhibit 32: Chart on Comparison by ApplicationExhibit 33: Data Table on Comparison by Application6.3 VAM – Market size and forecast 2022-2027 Exhibit 34: Chart on VAM – Market size and forecast 2022-2027 (thousand t)Exhibit 35: Data Table on VAM – Market size and forecast 2022-2027 (thousand t)Exhibit 36: Chart on VAM – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on VAM – Year-over-year growth 2022-2027 (%)6.4 PTA – Market size and forecast 2022-2027 Exhibit 38: Chart on PTA – Market size and forecast 2022-2027 (thousand t)Exhibit 39: Data Table on PTA – Market size and forecast 2022-2027 (thousand t)Exhibit 40: Chart on PTA – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on PTA – Year-over-year growth 2022-2027 (%)6.5 Acetic anhydride – Market size and forecast 2022-2027 Exhibit 42: Chart on Acetic anhydride – Market size and forecast 2022-2027 (thousand t)Exhibit 43: Data Table on Acetic anhydride – Market size and forecast 2022-2027 (thousand t)Exhibit 44: Chart on Acetic anhydride – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Acetic anhydride – Year-over-year growth 2022-2027 (%)6.6 Others – Market size and forecast 2022-2027 Exhibit 46: Chart on Others – Market size and forecast 2022-2027 (thousand t)Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 (thousand t)Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)6.7 Market opportunity by Application Exhibit 50: Market opportunity by Application (thousand t)Exhibit 51: Data Table on Market opportunity by Application (thousand t)7 Market Segmentation by End-user7.1 Market segmentsExhibit 52: Chart on End-user – Market share 2022-2027 (%)Exhibit 53: Data Table on End-user – Market share 2022-2027 (%)7.2 Comparison by End-user Exhibit 54: Chart on Comparison by End-userExhibit 55: Data Table on Comparison by End-user7.3 Plastics and polymers – Market size and forecast 2022-2027 Exhibit 56: Chart on Plastics and polymers – Market size and forecast 2022-2027 (thousand t)Exhibit 57: Data Table on Plastics and polymers – Market size and forecast 2022-2027 (thousand t)Exhibit 58: Chart on Plastics and polymers – Year-over-year growth 2022-2027 (%)Exhibit 59: Data Table on Plastics and polymers – Year-over-year growth 2022-2027 (%)7.4 Food and beverages – Market size and forecast 2022-2027 Exhibit 60: Chart on Food and beverages – Market size and forecast 2022-2027 (thousand t)Exhibit 61: Data Table on Food and beverages – Market size and forecast 2022-2027 (thousand t)Exhibit 62: Chart on Food and beverages – Year-over-year growth 2022-2027 (%)Exhibit 63: Data Table on Food and beverages – Year-over-year growth 2022-2027 (%)7.5 Ink paints and coatings – Market size and forecast 2022-2027 Exhibit 64: Chart on Ink paints and coatings – Market size and forecast 2022-2027 (thousand t)Exhibit 65: Data Table on Ink paints and coatings – Market size and forecast 2022-2027 (thousand t)Exhibit 66: Chart on Ink paints and coatings – Year-over-year growth 2022-2027 (%)Exhibit 67: Data Table on Ink paints and coatings – Year-over-year growth 2022-2027 (%)7.6 Chemicals – Market size and forecast 2022-2027 Exhibit 68: Chart on Chemicals – Market size and forecast 2022-2027 (thousand t)Exhibit 69: Data Table on Chemicals – Market size and forecast 2022-2027 (thousand t)Exhibit 70: Chart on Chemicals – Year-over-year growth 2022-2027 (%)Exhibit 71: Data Table on Chemicals – Year-over-year growth 2022-2027 (%)7.7 Others – Market size and forecast 2022-2027 Exhibit 72: Chart on Others – Market size and forecast 2022-2027 (thousand t)Exhibit 73: Data Table on Others – Market size and forecast 2022-2027 (thousand t)Exhibit 74: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 75: Data Table on Others – Year-over-year growth 2022-2027 (%)7.8 Market opportunity by End-user Exhibit 76: Market opportunity by End-user (thousand t)Exhibit 77: Data Table on Market opportunity by End-user (thousand t)8 Customer Landscape8.1 Customer landscape overview Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria9 Geographic Landscape9.1 Geographic segmentation Exhibit 79: Chart on Market share by geography 2022-2027 (%)Exhibit 80: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 81: Chart on Geographic comparisonExhibit 82: Data Table on Geographic comparison9.3 APAC – Market size and forecast 2022-2027 Exhibit 83: Chart on APAC – Market size and forecast 2022-2027 (thousand t)Exhibit 84: Data Table on APAC – Market size and forecast 2022-2027 (thousand t)Exhibit 85: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 86: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.4 North America – Market size and forecast 2022-2027 Exhibit 87: Chart on North America – Market size and forecast 2022-2027 (thousand t)Exhibit 88: Data Table on North America – Market size and forecast 2022-2027 (thousand t)Exhibit 89: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 90: Data Table on North America – Year-over-year growth 2022-2027 (%)9.5 Europe – Market size and forecast 2022-2027 Exhibit 91: Chart on Europe – Market size and forecast 2022-2027 (thousand t)Exhibit 92: Data Table on Europe – Market size and forecast 2022-2027 (thousand t)Exhibit 93: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 94: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027 Exhibit 95: Chart on South America – Market size and forecast 2022-2027 (thousand t)Exhibit 96: Data Table on South America – Market size and forecast 2022-2027 (thousand t)Exhibit 97: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 98: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 99: Chart on Middle East and Africa – Market size and forecast 2022-2027 (thousand t)Exhibit 100: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (thousand t)Exhibit 101: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 102: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 China – Market size and forecast 2022-2027 Exhibit 103: Chart on China – Market size and forecast 2022-2027 (thousand t)Exhibit 104: Data Table on China – Market size and forecast 2022-2027 (thousand t)Exhibit 105: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 106: Data Table on China – Year-over-year growth 2022-2027 (%)9.9 Japan – Market size and forecast 2022-2027 Exhibit 107: Chart on Japan – Market size and forecast 2022-2027 (thousand t)Exhibit 108: Data Table on Japan – Market size and forecast 2022-2027 (thousand t)Exhibit 109: Chart on Japan – Year-over-year growth 2022-2027 (%)Exhibit 110: Data Table on Japan – Year-over-year growth 2022-2027 (%)9.10 India – Market size and forecast 2022-2027 Exhibit 111: Chart on India – Market size and forecast 2022-2027 (thousand t)Exhibit 112: Data Table on India – Market size and forecast 2022-2027 (thousand t)Exhibit 113: Chart on India – Year-over-year growth 2022-2027 (%)Exhibit 114: Data Table on India – Year-over-year growth 2022-2027 (%)9.11 US – Market size and forecast 2022-2027 Exhibit 115: Chart on US – Market size and forecast 2022-2027 (thousand t)Exhibit 116: Data Table on US – Market size and forecast 2022-2027 (thousand t)Exhibit 117: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 118: Data Table on US – Year-over-year growth 2022-2027 (%)9.12 Germany – Market size and forecast 2022-2027 Exhibit 119: Chart on Germany – Market size and forecast 2022-2027 (thousand t)Exhibit 120: Data Table on Germany – Market size and forecast 2022-2027 (thousand t)Exhibit 121: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 122: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 123: Market opportunity by geography (thousand t)Exhibit 124: Market opportunity by geography (thousand t) – Volume10 Drivers, Challenges, and Trends10.3 Impact of drivers and challenges Exhibit 125: Impact of drivers and challenges in 2022 and 202711 Vendor Landscape11.2 Vendor landscapeExhibit 126: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 127: Overview on factors of disruption11.4 Industry risksExhibit 128: Impact of key risks on business12 Vendor Analysis12.1 Vendors coveredExhibit 129: Vendors covered12.2 Market positioning of vendors Exhibit 130: Matrix on vendor position and classification12.3 Airedale Chemical Co. Ltd. Exhibit 131: Airedale Chemical Co. Ltd. – OverviewExhibit 132: Airedale Chemical Co. Ltd. – Product / ServiceExhibit 133: Airedale Chemical Co. Ltd. – Key offerings12.4 Ashok Alco Chem Ltd.Exhibit 134: Ashok Alco Chem Ltd. – OverviewExhibit 135: Ashok Alco Chem Ltd. – Product / ServiceExhibit 136: Ashok Alco Chem Ltd. – Key offerings12.5 BP PlcExhibit 137: BP Plc – OverviewExhibit 138: BP Plc – Business segmentsExhibit 139: BP Plc – Key newsExhibit 140: BP Plc – Key offeringsExhibit 141: BP Plc – Segment focus12.6 Celanese Corp.Exhibit 142: Celanese Corp. – OverviewExhibit 143: Celanese Corp. – Business segmentsExhibit 144: Celanese Corp. – Key offeringsExhibit 145: Celanese Corp. – Segment focus12.7 Daicel Corp.Exhibit 146: Daicel Corp. – OverviewExhibit 147: Daicel Corp. – Business segmentsExhibit 148: Daicel Corp. – Key newsExhibit 149: Daicel Corp. – Key offeringsExhibit 150: Daicel Corp. – Segment focus12.8 DubiChem Marine International Exhibit 151: DubiChem Marine International – OverviewExhibit 152: DubiChem Marine International – Product / ServiceExhibit 153: DubiChem Marine International – Key offerings12.9 Eastman Chemical Co.Exhibit 154: Eastman Chemical Co. – OverviewExhibit 155: Eastman Chemical Co. – Business segmentsExhibit 156: Eastman Chemical Co. – Key offeringsExhibit 157: Eastman Chemical Co. – Segment focus12.10 GNFC Ltd.Exhibit 158: GNFC Ltd. – OverviewExhibit 159: GNFC Ltd. – Business segmentsExhibit 160: GNFC Ltd. – Key offeringsExhibit 161: GNFC Ltd. – Segment focus12.11 HELM AGExhibit 162: HELM AG – OverviewExhibit 163: HELM AG – Product / ServiceExhibit 164: HELM AG – Key newsExhibit 165: HELM AG – Key offerings12.12 Indian Oil Corp. Ltd. Exhibit 166: Indian Oil Corp. Ltd. – OverviewExhibit 167: Indian Oil Corp. Ltd. – Business segmentsExhibit 168: Indian Oil Corp. Ltd. – Key offeringsExhibit 169: Indian Oil Corp. Ltd. – Segment focus12.13 INEOS Group Holdings SA Exhibit 170: INEOS Group Holdings SA – OverviewExhibit 171: INEOS Group Holdings SA – Business segmentsExhibit 172: INEOS Group Holdings SA – Key newsExhibit 173: INEOS Group Holdings SA – Key offeringsExhibit 174: INEOS Group Holdings SA – Segment focus12.14 LyondellBasell Industries NV Exhibit 175: LyondellBasell Industries NV – OverviewExhibit 176: LyondellBasell Industries NV – Business segmentsExhibit 177: LyondellBasell Industries NV – Key offeringsExhibit 178: LyondellBasell Industries NV – Segment focus12.15 Pentokey Organy (India) Ltd. Exhibit 179: Pentokey Organy (India) Ltd. – OverviewExhibit 180: Pentokey Organy (India) Ltd. – Product / ServiceExhibit 181: Pentokey Organy (India) Ltd. – Key offerings12.16 Saudi Basic Industries Corp. Exhibit 182: Saudi Basic Industries Corp. – OverviewExhibit 183: Saudi Basic Industries Corp. – Business segmentsExhibit 184: Saudi Basic Industries Corp. – Key offeringsExhibit 185: Saudi Basic Industries Corp. – Segment focus12.17 Dow Inc.Exhibit 186: Dow Inc. – OverviewExhibit 187: Dow Inc. – Business segmentsExhibit 188: Dow Inc. – Key newsExhibit 189: Dow Inc. – Key offeringsExhibit 190: Dow Inc. – Segment focus13 Appendix13.2 Inclusions and exclusions checklist Exhibit 191: Inclusions checklistExhibit 192: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 193: Currency conversion rates for US$13.4 Research methodologyExhibit 194: Research methodologyExhibit 195: Validation techniques employed for market sizingExhibit 196: Information sources13.5 List of abbreviationsExhibit 197: List of abbreviationsAbout UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com
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Investing.com — The outlook for prices in 2025 remains cautiously optimistic, influenced by a mix of global demand trends, supply-side constraints, and weather-driven uncertainties.
As per analysts at BofA Securities, U.S. Henry Hub prices are expected to average $3.33/MMBtu for the year, marking a rebound from the low levels seen throughout much of 2024.
Natural gas prices in 2024 were characterized by subdued trading, largely oscillating between $2 and $3/MMBtu, making it the weakest year since the pandemic-induced slump in 2020.
This price environment persisted despite record domestic demand, which averaged over 78 billion cubic feet per day (Bcf/d), buoyed by increases in power generation needs and continued industrial activity.
However, warm weather conditions during the 2023–24 winter suppressed residential and commercial heating demand, contributing to the overall price weakness.
Looking ahead, several factors are poised to tighten the natural gas market and elevate prices in 2025.
A key driver is the anticipated rise in liquefied natural gas (LNG) exports as new facilities, including the Plaquemines and Corpus Christi Stage 3 projects, come online.
These additions are expected to significantly boost U.S. feedgas demand, adding strain to domestic supply and lifting prices.
The ongoing growth in exports to Mexico via pipeline, which hit record levels in 2024, further underscores the international pull on U.S. gas.
On the domestic front, production constraints could play a pivotal role in shaping the price trajectory.
While U.S. dry gas production remains historically robust, averaging around 101 Bcf/d in 2024, capital discipline among exploration and production companies suggests a limited ability to rapidly scale output in response to higher prices.
Producers have strategically withheld volumes, awaiting a more favorable pricing environment. If supply fails to match the anticipated uptick in demand, analysts warn of potential upward repricing in the market.
Weather patterns remain a wildcard. Forecasts suggest that the 2024–25 winter could be 2°F colder than the previous year, potentially driving an additional 500 Bcf of seasonal demand.
However, should warmer-than-expected temperatures materialize, the opposite effect could dampen price gains. Historically, colder winters have correlated with significant price spikes, reflecting the market’s sensitivity to heating demand.
The structural shift in the U.S. power generation mix also supports a bullish case for natural gas. Ongoing retirements of coal-fired power plants, coupled with the rise of renewable energy, have entrenched natural gas as a critical bridge fuel.
Even as wind and solar capacity expand, natural gas is expected to fill gaps in generation during periods of low renewable output, further solidifying its role in the energy transition.
WASHINGTON (Reuters) -U.S. President-elect Donald Trump has chosen Brooke Rollins (NYSE:), president of the America First Policy Institute, to be agriculture secretary.
“As our next Secretary of Agriculture, Brooke will spearhead the effort to protect American Farmers, who are truly the backbone of our Country,” Trump said in a statement.
If confirmed by the Senate, Rollins would lead a 100,000-person agency with offices in every county in the country, whose remit includes farm and nutrition programs, forestry, home and farm lending, food safety, rural development, agricultural research, trade and more. It had a budget of $437.2 billion in 2024.
The nominee’s agenda would carry implications for American diets and wallets, both urban and rural. Department of Agriculture officials and staff negotiate trade deals, guide dietary recommendations, inspect meat, fight wildfires and support rural broadband, among other activities.
“Brooke’s commitment to support the American Farmer, defense of American Food Self-Sufficiency, and the restoration of Agriculture-dependent American Small Towns is second to none,” Trump said in the statement.
The America First Policy Institute is a right-leaning think tank whose personnel have worked closely with Trump’s campaign to help shape policy for his incoming administration. She chaired the Domestic Policy Council during Trump’s first term.
As agriculture secretary, Rollins would advise the administration on how and whether to implement clean fuel tax credits for biofuels at a time when the sector is hoping to grow through the production of sustainable aviation fuel.
The nominee would also guide next year’s renegotiation of the U.S.-Mexico-Canada trade deal, in the shadow of disputes over Mexico’s attempt to bar imports of genetically modified corn and Canada’s dairy import quotas.
Trump has said he again plans to institute sweeping tariffs that are likely to affect the farm sector.
He was considering offering the role to former U.S. Senator Kelly Loeffler, a staunch ally whom he chose to co-chair his inaugural committee, CNN reported on Friday.
Investing.cm — Citi Research has simulated the effects of a hypothetical oil price surge to $120 per barrel, a scenario reflecting potential geopolitical tensions, particularly in the Middle East.
As per Citi, such a price hike would result in a major but temporary economic disruption, with global output losses peaking at around 0.4% relative to the baseline forecast.
While the impact diminishes over time as oil prices gradually normalize, the economic ripples are uneven across regions, flagging varying levels of resilience and policy responses.
The simulated price increase triggers a contraction in global economic output, primarily driven by higher energy costs reducing disposable incomes and corporate profit margins.
The global output loss, though substantial at the onset, is projected to stabilize between 0.3% and 0.4% before fading as oil prices return to baseline forecasts.
The United States shows a more muted immediate output loss compared to the Euro Area or China.
This disparity is partly attributed to the U.S.’s status as a leading oil producer, which cushions the domestic economy through wealth effects, such as stock market boosts from energy sector gains.
However, the U.S. advantage is short-lived; tighter monetary policies to counteract inflation lead to delayed negative impacts on output.
Headline inflation globally is expected to spike by approximately two percentage points, with the U.S. experiencing a slightly more pronounced increase.
The relatively lower taxation of energy products in the U.S. amplifies the pass-through of oil price shocks to consumers compared to Europe, where higher energy taxes buffer the direct impact.
Central bank responses diverge across regions. In the U.S., where inflation impacts are more acute, the Federal Reserve’s reaction function—based on the Taylor rule—leads to an initial tightening of monetary policy. This contrasts with more subdued policy changes in the Euro Area and China, where central banks are less aggressive in responding to the transient inflation spike.
Citi’s analysts frame this scenario within the context of ongoing geopolitical volatility, particularly in the Middle East. The model assumes a supply disruption of 2-3 million barrels per day over several months, underscoring the precariousness of energy markets to geopolitical shocks.
The report flags several broader implications. For policymakers, the challenge lies in balancing short-term inflation control with the need to cushion economic output.
For businesses and consumers, a price hike of this magnitude underscores the importance of energy cost management and diversification strategies.
Finally, the analysts cautions that the simulation’s results may understate risks if structural changes, such as the U.S.’s evolving role as an energy exporter, are not fully captured in the model.
While the simulation reflects a temporary shock, its findings reinforce the need for resilience in energy policies and monetary frameworks. Whether or not such a scenario materializes, Citi’s analysis provides a window into the complex interplay of economics, energy, and geopolitics in shaping global economic outcomes.
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- Commodities2 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies
