Global Acetic Acid Market 2023

Global Acetic Acid Market 2023

Acetic acid is an organic acid that is produced through the fermentation of ethanol by acetic acid bacteria. It is widely used in various industries, including food and beverage, pharmaceuticals, textiles, and chemicals. Acetic acid is a vital chemical intermediate used in the production of various chemicals, including esters, solvents, polymers, and synthetic fibers. It is a precursor for the manufacturing of vinyl acetate monomer (VAM), which is used in the production of adhesives, coatings, and films.

According to the latest estimates, the global acetic acid market is set to achieve an incremental growth of USD 4.1 billion, accelerating at a CAGR of almost 5.7% during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global acetic acid market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Derivative: acetate esters, acetic anhydride, monochloroacetic acid, purified terephthalic acid (PTA), vinyl acetate monomers (VAM), others
End user: food and beverages, medical, paints and coatings, plastics and polymers, textile, others
Region: North America, Europe, China, Asia-Pacific (ex. China), Rest of the World

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the derivative, end user, and region. The global market for acetic acid can be segmented by derivative: acetate esters, acetic anhydride, monochloroacetic acid, purified terephthalic acid (PTA), vinyl acetate monomers (VAM), others. Among these, the VAM segment was accounted for the highest revenue generator in 2022. Acetic acid market is further segmented by end user: food and beverages, medical, paints and coatings, plastics and polymers, textile, others. The paints and coatings segment is estimated to account for the largest share of the global acetic acid market. Based on region, the acetic acid market is segmented into: North America, Europe, China, Asia-Pacific (ex. China), Rest of the World. China held the largest share of the global acetic acid market in 2022 and is anticipated to hold its share during the forecast period.

Major Companies and Competitive Landscape
The market research report covers the analysis of key stake holders of the global acetic acid market. Some of the leading players profiled in the report include Ashok Alco-Chem Limited (AACL), BP plc, Celanese Corporation, Chang Chun Petrochemical Co., Ltd., China National Chemical Corporation (Sinochem Holdings Corporation Ltd.), Daicel Corporation, Eastman Chemical Company, EuroChem Group AG, Gujarat Narmada Valley Fertilizers Company Limited, INEOS Group Limited, Jiangsu SOPO (Group) Co., Ltd., Jubilant Life Sciences Limited, Kanoria Chemicals & Industries Limited (KCI), Kingboard Holdings Limited, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Pentokey Organy (India) Limited, Saudi Basic Industries Corporation (SABIC), Saudi International Petrochemical Company (Sipchem), Shandong Hualu Hengsheng Chemical Co., Ltd., Shanghai Huayi Group Co., Ltd., Showa Denko K.K., Tanfac Industries Ltd, Thana Acid and Chemical Company, Yankuang Energy Group Company Limited, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global acetic acid market.
To classify and forecast the global acetic acid market based on derivative, end user, region.
To identify drivers and challenges for the global acetic acid market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global acetic acid market.
To identify and analyze the profile of leading players operating in the global acetic acid market.

Why Choose This Report
Gain a reliable outlook of the global acetic acid market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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