Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Acetic Acid Market Outlook

The global acetic acid market size attained a value of approximately USD 23.23 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.10%, reaching a value of around USD 36.36 billion by 2032.

The versatility of acetic acid and the growing use of various chemicals in industries worldwide is driving the growth of the acetic acid market. The usage of acetic acid in in numerous high growth industries such as food and beverages, plastics and polymers, and pharmaceuticals is leading to a heightened demand for acetic acid. The production of paints and coatings commonly uses vinyl acetate monomer, which also contains high-purity acetic acid as one of its ingredients, thereby fuelling the high-purity acetic acid market growth. Multiple key players in the market are investing in research and development activities and seeking expansion, resulting in increased competition in the market for acetic acid.

Acetic Acid Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Demand for Vinyl Acetate Monomer to Augment the Acetic Acid Market Growth

Vinyl acetate monomer (VAM), an intermediate in the production of a range of chemical derivatives, is one of the most rapidly growing application areas of acetic acid, accounting for a majority of its total global consumption. Vinyl acetate monomer is widely utilised in paint and coating formulations. In the paints industry, VAM is polymerised to obtain polyvinyl acetate or other polymers that serve as essential ingredients in the sector.

Global Acetic Acid Market Share by Region

On a regional level, China currently represents a leading market for acetic acid. The growing penetration of polymer manufacturers in the country has been contributing to the growth of the market. Furthermore, as acetic acid has applications across an array of industries including paints and coatings and chemicals, rapid industrialisation and urbanisation observed in China are likely to add to the growth of the acetic acid global market. The country is witnessing increasing government investments in the construction sector, along with the expansion of multiple manufacturing projects, which is expected to enhance acetic acid demand across major domains in the forecast period.

Meanwhile, the North America acetic acid market is expected to witness significant growth owing to the increase in acetic acid production in the region. The use of acetic acid in the meat industry has significantly increased and has emerged as one of the region's most important application sectors.

Acetic Acid Market Segmentation

Acetic acid (CH3COOH) is an organic chemical compound which gives a sour taste and has a pungent smell like vinegar. It occurs as both free and combined, in the form of esters of various alcohols in many plants and has also been detected in animal secretions. It is an important chemical reagent and industrial chemical used in the manufacturing of various other chemicals that serve a number of industries such as textiles, inks, rubbers, and plastics, among others.

Acetic Acid Market by Segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on application, the market is segmented into:

  • Vinyl Acetate Monomer (VAM)
  • Purified Terephthalic Acid (PTA)
  • Anhydride
  • Ethyl Acetate
  • Butyl Acetate

On the basis of end use industry, the market is divided into:

  • Plastics and Polymers
  • Food and Beverages
  • Inks, Paints, and Coatings
  • Chemicals
  • Pharmaceuticals
  • Others

The regional markets for acetic acid include China, North America, Western/Eastern Europe, North East Asia, South East Asia and the Middle East and Africa.

Acetic Acid Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Acetic Acid Market Analysis

Vinyl acetate monomer, which is responsible for a majority of the consumption of acetic acid, is witnessing an increased demand in industrial and cosmetics manufacturing sectors. Thus, the rapid growth of the cosmetics sector is, in turn, contributing to the rising demand for acetic acid. Further, in its diluted form, acetic acid is often utilised in the household sector as a descaling agent, while it is widely used as a key ingredient in the form of a chemical reagent to produce cellulose acetate in the industrial sector.

Acetic acid is also used as a condiment and acidity regulator in the food industry. As the chemical acts as a hydrophilic substance in its liquid form, it is suitable for a wide array of applications. In the forecast period, the use of new technology by leading market players to enhance their production capacities and formulate new product lines to expand the consumer base is expected to aid the market growth of acetic acid.

Key Players in the Global Acetic Acid Market

The report gives a detailed analysis of the following key players in the global acetic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • British Petroleum
  • Celanese
  • Jiangsu Sopo
  • Chang Chun Group
  • Daicel Corporation
  • Eastman Chemical Company 
  • LyondellBasell Industries Holdings B.V
  • Mitsubishi Chemical Corporation.
  • Svensk Etanolkemi AB (SEKAB)
  • INEOS Group Holdings S.A
  • Global Chemical Resources
  • Altiras Chemicals LLC
  • Saudi Basic Industries Corporation
  • Anant Pharmaceuticals Pvt. Ltd. 
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • End Use Industry
  • Region
Breakup by Application
  • Vinyl Acetate Monomer (VAM)
  • Purified Terephthalic Acid (PTA)
  • Anhydride
  • Ethyl Acetate
  • Butyl Acetate
Breakup by End Use Industry
  • Plastics and Polymers
  • Food and Beverages
  • Inks, Paints, and Coatings
  • Chemicals
  • Pharmaceuticals
  • Others
Breakup by Region
  • China
  • North America
  • Western/Eastern Europe
  • North East Asia
  • South East Asia
  • Middle East & Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • British Petroleum
  • Celanese
  • Jiangsu Sopo
  • Chang Chun Group
  • Daicel Corporation
  • Eastman Chemical Company 
  • LyondellBasell Industries Holdings B.V
  • Mitsubishi Chemical Corporation.
  • Svensk Etanolkemi AB (SEKAB)
  • INEOS Group Holdings S.A
  • Global Chemical Resources
  • Altiras Chemicals LLC
  • Saudi Basic Industries Corporation
  • Anant Pharmaceuticals Pvt. Ltd. 
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!

Key Questions Answered in the Report

The global market for acetic acid reached a value of USD 23.23 billion in 2023.

The market is expected to grow at a CAGR of about 5.10% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching USD 36.36 billion by 2032.

The major drivers of the market include rising disposable incomes, increasing population, and growing demand for the manufacturing of various chemicals.

The key acetic acid market trends include increasing acceptance of bio-based acetic acid, technological advancements, improvements in production capacities, and growing demand for plastics and textiles.

The major regional markets for acetic acid, according to the report, are China, North America, Western/Eastern Europe, North East Asia, South East Asia and the Middle East and Africa.

The different applications of acetic acid in the market are vinyl acetate monomer (VAM), purified terephthalic acid (PTA), anhydride, ethyl acetate, and butyl acetate.

The various end use industries in the market for acetic acid are plastics and polymers, food and beverages, inks, paints, and coatings, chemicals, and pharmaceuticals, among others.

The major players in the market, according to the report, are British Petroleum, Celanese, Jiangsu Sopo, Chang Chun Group, Daicel Corporation, Eastman Chemical Company, LyondellBasell Industries Holdings B.V, Mitsubishi Chemical Corporation., Svensk Etanolkemi AB (SEKAB), INEOS Group Holdings S.A, Global Chemical Resources, Altiras Chemicals LLC, Saudi Basic Industries Corporation, and Anant Pharmaceuticals Pvt. Ltd., among others.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Back to top

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124