Acetic Acid Market Size, Trends and Insights By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI32841

Published Date: October 2023

Pages: 220+

Category: Chemicals And Materials

Report Snapshot

CAGR: 6%
20.76B
2022
22.03B
2023
33.55B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Eastman Chemical Company
  • Celanese Corporation
  • LyondellBasell Industries Holding B.V.
  • SABIC
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Acetic Acid Market is expected to record a CAGR of 6% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 20.76 Billion. By 2032, the valuation is anticipated to reach USD 33.55 Billion.

The acetic acid market refers to the global industry involved in the production, distribution, and consumption of acetic acid, a colourless, pungent-smelling liquid organic compound with the chemical formula CH3COOH.

Acetic acid is a versatile chemical compound that finds applications in various industries, including chemicals, food, pharmaceuticals, textiles, and more. It is one of the most widely produced and used organic acids in the world.

Key aspects of the acetic acid market include:

Production and Manufacturing: Acetic acid is primarily produced through two main processes: methanol carbonylation and oxidation of acetaldehyde. These processes involve various chemical reactions and technologies to convert raw materials into acetic acid.

Applications: Acetic acid has a wide range of applications across industries:

  • Chemicals Industry: It serves as a precursor for the production of various chemicals, including vinyl acetate monomer (VAM), acetic anhydride, and other esters used in the production of plastics, adhesives, and paints.
  • Food and Beverage Industry: Acetic acid is a main component of vinegar, which is used for flavoring, preservation, and in food preparation.
  • Pharmaceuticals: It is used as a chemical reagent and solvent in pharmaceutical manufacturing.
  • Textiles: Acetic acid is utilized in dyeing processes and the production of certain synthetic fibers.

Acetic Acid Market – Significant Growth Factors

  • Increasing Demand for Vinyl Acetate Monomer (VAM): Vinyl acetate monomer (VAM) is a major derivative of acetic acid and is used in the production of adhesives, paints, coatings, and textiles. As construction and manufacturing industries grow, so does the demand for VAM, which drives the demand for acetic acid.
  • Food and Beverage Industry: Acetic acid is a primary component of vinegar, which is widely used in food and beverage applications for flavoring, preservation, and pickling. The popularity of convenience foods, condiments, and ready-to-eat products contributes to the demand for acetic acid.
  • Textile Industry: Acetic acid is used in textile dyeing processes and the production of acetate fibers. As the fashion and textile industries expand, the demand for acetic acid for these applications also increases.
  • Pharmaceutical and Chemical Industries: Acetic acid is utilized as a chemical reagent and solvent in various pharmaceutical and chemical manufacturing processes. The growth of these industries contributes to the demand for acetic acid.
  • Emerging Economies and Industrial Growth: The industrial growth and economic development of emerging economies lead to increased demand for chemicals and materials, including acetic acid, for various applications.
  • Expanding Packaging Industry: The packaging industry plays a role in the demand for acetic acid, as it is used in the production of plastic materials, films, and coatings for packaging applications.
  • Environmental and Regulatory Factors: The use of acetic acid and its derivatives in eco-friendly and biodegradable products aligns with growing consumer and regulatory preferences for sustainable materials.
  • Investments in Research and Development: Ongoing research and development efforts aim to enhance production processes, develop new applications, and improve the overall efficiency of acetic acid production.
  • Global Consumer Trends: Changing consumer preferences, such as the demand for organic and natural products, can drive the growth of acetic acid used in organic and natural food products.

Acetic Acid Market – Mergers and Acquisitions

  • Ineos and BP Chemicals: In 2018, Ineos acquired the acetic acid business of BP Chemicals, including manufacturing sites in the United States, the United Kingdom, and China. This acquisition further strengthened Ineos’ position in the acetic acid market.
  • Celanese and Blackstone Group: In 2017, Celanese Corporation, a major chemical company, formed a joint venture with funds managed by Blackstone Group to create a global acetate tow supplier. The joint venture focused on the production of acetate products, including cellulose acetate flake used in cigarette filters.
  • Eastman Chemical Company and Sasol: In 2014, Eastman Chemical Company acquired Sasol’s Texas-based acetyls chemicals business, which included acetic acid production. This acquisition aimed to expand Eastman’s acetyls business and strengthen its position in the market.
  • Daicel Corporation and Mitsubishi Rayon Co.: In 2015, Daicel Corporation acquired the cellulose acetate business of Mitsubishi Rayon Co., which included the production of cellulose acetate flakes used in cigarette filters and other applications.
  • Wacker Chemie AG and Nippon Oil Corporation: In 2010, Wacker Chemie AG and Nippon Oil Corporation established a joint venture named Nippon Wacker Corporation to produce acetic acid and acetate derivatives in Japan.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Acetic Acid Market Wall Panels Market Hydrocarbon Analyzers Market
CAGR 6% (Approx) CAGR 4.5% (Approx) CAGR 4.7% (Approx)
USD 33.55 Billion by 2032 USD 23.7 Billion by 2032 USD 95,322.42 Million by 2032

Acetic Acid Market – Significant Threats

  • Raw Material Availability and Price Volatility: The production of acetic acid involves raw materials such as methanol and acetaldehyde. Fluctuations in the availability and prices of these raw materials can impact the cost of acetic acid production and overall market stability.
  • Competitive Pricing: The acetic acid market is competitive, and price fluctuations due to supply-demand imbalances or aggressive pricing strategies can affect the profitability of manufacturers and suppliers.
  • Environmental Regulations: Stringent environmental regulations and sustainability concerns can impact the production processes and waste management practices of acetic acid manufacturers. Compliance with these regulations may require costly adjustments and investments.
  • Substitute Products: The availability of alternative chemicals or products that serve similar purposes in various industries could pose a threat to the demand for acetic acid. This includes potential shifts in consumer preferences or technological advancements that lead to the use of alternative materials.
  • Global Economic Conditions: Economic downturns, recessions, or disruptions in key markets can affect industrial activities, demand for chemicals, and overall consumption, influencing the acetic acid market.
  • Geopolitical Factors: Trade disputes, sanctions, and geopolitical tensions can disrupt supply chains, impact trade agreements, and potentially restrict the flow of raw materials or finished products.
  • Technological Advancements: Rapid advancements in technology could lead to the development of more efficient or sustainable production methods for acetic acid, which could affect the market dynamics and competition.
  • Changing Consumer Preferences: Shifts in consumer preferences towards more sustainable and eco-friendly products could influence the demand for products that use acetic acid, particularly in industries like textiles and packaging.
  • Regulatory Changes: Changes in regulations related to chemical production, transportation, labelling, and safety could impact the operations and compliance costs of acetic acid manufacturers.
  • Health and Safety Concerns: Accidents, incidents, or safety issues at production facilities could lead to disruptions in supply and potentially impact the reputation of companies operating in the acetic acid market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 22.03 Billion
Projected Market Size in 2032 USD 33.55 Billion
Market Size in 2022 USD 20.76 Billion
CAGR Growth Rate 6% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

Based on Application:

In 2022, the vinyl acetate monomer application segment emerged as the market leader, capturing a substantial share of 45.5%. This dominance is primarily attributed to the surging need for various applications such as paints & coatings, paper coatings, and printed products. These driving forces are propelling the demand for vinyl acetate monomer.

Notably, acetic acid serves as a pivotal raw material in the synthesis of vinyl acetate monomer, which is subsequently utilized in the production of Polyvinyl acetate. This latter compound finds extensive use in the creation of paints and coatings.

The escalating desire for enhanced consumer lifestyles, coupled with a rising frequency of household renovations and redecorations, is generating a heightened demand for paints and coatings. This growing need in turn significantly impacts the requisition for vinyl acetate monomer, thus forming a direct link between the two.

Acetate esters, derived from acetic acid, play a pivotal role in the production of paints, coatings, and printing inks. The surge in consumer aspirations to enhance the visual appeal of their residences is exerting a significant influence on the worldwide demand for paints and coatings.

Concurrently, the automotive sector’s robust performance, marked by increased vehicle sales, is contributing to the escalated need for paints. As a result, the global requisition for acetate esters is experiencing a direct and substantial impact.

Purified terephthalic acid finds extensive utility in the formulation of polyester coatings, catering to diverse applications such as general metal usage, home appliances, automobiles, and coil coatings.

Notable attributes such as robust chemical and stain resistance, exceptional weather durability, and adept balancing of glass transition, alongside optimal temperature ranges for heightened flexibility, collectively underpin the amplified global demand for purified terephthalic acid.

Global Acetic Acid Market 2023–2032 (By Billion)

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Acetic Acid Market – Regional Analysis

  • Asia-Pacific: The Asia-Pacific region was a significant player in the acetic acid market, both in terms of production and consumption. Countries like China, Japan, South Korea, and India were major contributors to the market. Rapid industrialization, economic growth, and increasing demand for various applications, including textiles, plastics, and food products, fueled the demand for acetic acid.
  • North America: North America, including the United States and Canada, had a substantial demand for acetic acid, driven by industries such as chemicals, plastics, textiles, and food. The presence of a well-established industrial base and consumer demand for products using acetic acid contributed to the regional market. 
  • Europe: Europe was another key region in the acetic acid market, with countries like Germany, France, and the United Kingdom being major consumers. Stringent environmental regulations, innovation in industries like packaging and textiles, and a focus on sustainability influenced the demand for acetic acid in the region.
  • Latin America: Latin America showed potential for growth in the acetic acid market, with countries like Brazil and Mexico contributing to demand. Economic growth, urbanization, and the expansion of various industries played a role in driving the market.
  • Middle East and Africa: The Middle East and Africa region also demonstrated growth opportunities for the acetic acid market. Industrial development, infrastructure projects, and diversification of the economy contributed to the demand for chemicals, including acetic acid.

List of the prominent players in the Acetic Acid Market:

  • Eastman Chemical Company
  • Celanese Corporation
  • LyondellBasell Industries Holding B.V.
  • SABIC
  • HELM AG
  • Airedale Chemical Company Limited
  • Indian Oil Corporation Ltd
  • Gujrat Narmada Valley Fertilizers & Chemicals Limited
  • Pentokey Organy
  • Ashok Alco Chem Limited
  • DAICEL CORPORATION
  • The Dow Chemical Product
  • DubiChem
  • INEOS
  • Others

The Acetic Acid Market is segmented as follows:

By Application

  • Vinyl Acetate Monomer
  • Acetic Anhydride
  • Acetate Esters
  • Purified Terephthalic Acid
  • Ethanol
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Acetic Acid Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Acetic Acid Market: snapshot
  • Chapter 3. Global Acetic Acid Market – Industry Analysis
    • 3.1 Acetic Acid Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Demand for Vinyl Acetate Monomer (VAM)
      • 3.2.2 Food and Beverage Industry
      • 3.2.3 Textile Industry
      • 3.2.4 Pharmaceutical and Chemical Industries
      • 3.2.5 Emerging Economies and Industrial Growth
      • 3.2.6 Expanding Packaging Industry
      • 3.2.7 Environmental and Regulatory Factors
      • 3.2.8 Investments in Research and Development
      • 3.2.9 Global Consumer Trends.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Application
  • Chapter 4. Global Acetic Acid Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Acetic Acid Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Acetic Acid Market – Application Analysis
    • 5.1 Global Acetic Acid Market Overview: By Application
      • 5.1.1 Global Acetic Acid Market Share, By Application, 2022 and 2032
    • 5.2 Vinyl Acetate Monomer
      • 5.2.1 Global Acetic Acid Market by Vinyl Acetate Monomer, 2023 – 2032 (USD Billion)
    • 5.3 Acetic Anhydride
      • 5.3.1 Global Acetic Acid Market by Acetic Anhydride, 2023 – 2032 (USD Billion)
    • 5.4 Acetate Esters
      • 5.4.1 Global Acetic Acid Market by Acetate Esters, 2023 – 2032 (USD Billion)
    • 5.5 Purified Terephthalic Acid
      • 5.5.1 Global Acetic Acid Market by Purified Terephthalic Acid, 2023 – 2032 (USD Billion)
    • 5.6 Ethanol
      • 5.6.1 Global Acetic Acid Market by Ethanol, 2023 – 2032 (USD Billion)
    • 5.7 Others
      • 5.7.1 Global Acetic Acid Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Acetic Acid Market – Regional Analysis
    • 6.1 Global Acetic Acid Market Regional Overview
    • 6.2 Global Acetic Acid Market Share, by Region, 2022 & 2032 (USD Billion)
    • 6.3. North America
      • 6.3.1 North America Acetic Acid Market, 2023 – 2032 (USD Billion)
        • 6.3.1.1 North America Acetic Acid Market, by Country, 2023 – 2032 (USD Billion)
    • 6.4 North America Acetic Acid Market, by Application, 2023 – 2032
      • 6.4.1 North America Acetic Acid Market, by Application, 2023 – 2032 (USD Billion)
    • 6.5. Europe
      • 6.5.1 Europe Acetic Acid Market, 2023 – 2032 (USD Billion)
        • 6.5.1.1 Europe Acetic Acid Market, by Country, 2023 – 2032 (USD Billion)
    • 6.6 Europe Acetic Acid Market, by Application, 2023 – 2032
      • 6.6.1 Europe Acetic Acid Market, by Application, 2023 – 2032 (USD Billion)
    • 6.7. Asia Pacific
      • 6.7.1 Asia Pacific Acetic Acid Market, 2023 – 2032 (USD Billion)
        • 6.7.1.1 Asia Pacific Acetic Acid Market, by Country, 2023 – 2032 (USD Billion)
    • 6.8 Asia Pacific Acetic Acid Market, by Application, 2023 – 2032
      • 6.8.1 Asia Pacific Acetic Acid Market, by Application, 2023 – 2032 (USD Billion)
    • 6.9. Latin America
      • 6.9.1 Latin America Acetic Acid Market, 2023 – 2032 (USD Billion)
        • 6.9.1.1 Latin America Acetic Acid Market, by Country, 2023 – 2032 (USD Billion)
    • 6.10 Latin America Acetic Acid Market, by Application, 2023 – 2032
      • 6.10.1 Latin America Acetic Acid Market, by Application, 2023 – 2032 (USD Billion)
    • 6.11. The Middle-East and Africa
      • 6.11.1 The Middle-East and Africa Acetic Acid Market, 2023 – 2032 (USD Billion)
        • 6.11.1.1 The Middle-East and Africa Acetic Acid Market, by Country, 2023 – 2032 (USD Billion)
    • 6.12 The Middle-East and Africa Acetic Acid Market, by Application, 2023 – 2032
      • 6.12.1 The Middle-East and Africa Acetic Acid Market, by Application, 2023 – 2032 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1 Eastman Chemical Company
      • 7.1.1 Overview
      • 7.1.2 Financials
      • 7.1.3 Product Portfolio
      • 7.1.4 Business Strategy
      • 7.1.5 Recent Developments
    • 7.2 Celanese Corporation
      • 7.2.1 Overview
      • 7.2.2 Financials
      • 7.2.3 Product Portfolio
      • 7.2.4 Business Strategy
      • 7.2.5 Recent Developments
    • 7.3 LyondellBasell Industries Holding B.V.
      • 7.3.1 Overview
      • 7.3.2 Financials
      • 7.3.3 Product Portfolio
      • 7.3.4 Business Strategy
      • 7.3.5 Recent Developments
    • 7.4 SABIC
      • 7.4.1 Overview
      • 7.4.2 Financials
      • 7.4.3 Product Portfolio
      • 7.4.4 Business Strategy
      • 7.4.5 Recent Developments
    • 7.5 HELM AG
      • 7.5.1 Overview
      • 7.5.2 Financials
      • 7.5.3 Product Portfolio
      • 7.5.4 Business Strategy
      • 7.5.5 Recent Developments
    • 7.6 Airedale Chemical Company Limited
      • 7.6.1 Overview
      • 7.6.2 Financials
      • 7.6.3 Product Portfolio
      • 7.6.4 Business Strategy
      • 7.6.5 Recent Developments
    • 7.7 Indian Oil Corporation Ltd
      • 7.7.1 Overview
      • 7.7.2 Financials
      • 7.7.3 Product Portfolio
      • 7.7.4 Business Strategy
      • 7.7.5 Recent Developments
    • 7.8 Gujrat Narmada Valley Fertilizers & Chemicals Limited
      • 7.8.1 Overview
      • 7.8.2 Financials
      • 7.8.3 Product Portfolio
      • 7.8.4 Business Strategy
      • 7.8.5 Recent Developments
    • 7.9 Pentokey Organy
      • 7.9.1 Overview
      • 7.9.2 Financials
      • 7.9.3 Product Portfolio
      • 7.9.4 Business Strategy
      • 7.9.5 Recent Developments
    • 7.10 Ashok Alco Chem Limited
      • 7.10.1 Overview
      • 7.10.2 Financials
      • 7.10.3 Product Portfolio
      • 7.10.4 Business Strategy
      • 7.10.5 Recent Developments
    • 7.11 DAICEL CORPORATION
      • 7.11.1 Overview
      • 7.11.2 Financials
      • 7.11.3 Product Portfolio
      • 7.11.4 Business Strategy
      • 7.11.5 Recent Developments
    • 7.12 The Dow Chemical Product
      • 7.12.1 Overview
      • 7.12.2 Financials
      • 7.12.3 Product Portfolio
      • 7.12.4 Business Strategy
      • 7.12.5 Recent Developments
    • 7.13 DubiChem
      • 7.13.1 Overview
      • 7.13.2 Financials
      • 7.13.3 Product Portfolio
      • 7.13.4 Business Strategy
      • 7.13.5 Recent Developments
    • 7.14 INEOS
      • 7.14.1 Overview
      • 7.14.2 Financials
      • 7.14.3 Product Portfolio
      • 7.14.4 Business Strategy
      • 7.14.5 Recent Developments
    • 7.15 Others.
      • 7.15.1 Overview
      • 7.15.2 Financials
      • 7.15.3 Product Portfolio
      • 7.15.4 Business Strategy
      • 7.15.5 Recent Developments
List Of Figures

Figures No 1 to 18

List Of Tables

Tables No 1 to 27

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Eastman Chemical Company
  • Celanese Corporation
  • LyondellBasell Industries Holding B.V.
  • SABIC
  • HELM AG
  • Airedale Chemical Company Limited
  • Indian Oil Corporation Ltd
  • Gujrat Narmada Valley Fertilizers & Chemicals Limited
  • Pentokey Organy
  • Ashok Alco Chem Limited
  • DAICEL CORPORATION
  • The Dow Chemical Product
  • DubiChem
  • INEOS
  • Others

FAQs

The key factors driving the Market are Increasing Demand for Vinyl Acetate Monomer (VAM), Food and Beverage Industry, Textile Industry, Pharmaceutical and Chemical Industries, Emerging Economies and Industrial Growth, Expanding Packaging Industry, Environmental and Regulatory Factors, Investments in Research and Development And Global Consumer Trends.

The “Application” category dominated the market in 2022.

The key players in the market are Eastman Chemical Company, Celanese Corporation, LyondellBasell Industries Holding B.V., SABIC, HELM AG, Airedale Chemical Company Limited, Indian Oil Corporation Ltd, Gujrat Narmada Valley Fertilizers & Chemicals Limited, Pentokey Organy, Ashok Alco Chem Limited, DAICEL CORPORATION, The Dow Chemical Product, DubiChem, INEOS, Others.

“Asia Pacific” had the largest share in the Acetic Acid Market.

The global market is projected to grow at a CAGR of 6% during the forecast period, 2023-2032.

The Acetic Acid Market size was valued at USD 20.76 Billion in 2022.

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