Acetic Acid Market Size, Share & Trends Analysis Report By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid), By Region (Central & South America, Europe), And Segment Forecasts, 2024 - 2030

Acetic Acid Market Size, Share & Trends Analysis Report By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid), By Region (Central & South America, Europe), And Segment Forecasts, 2024 - 2030


Acetic Acid Market Growth & Trends

The global acetic acid market size is expected to reach USD 23.02 billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030, as per the new report by Grand View Research, Inc. The growth of the market can be attributed to the rising demand for the product in industries such as construction, pharmaceuticals, and textiles. Acetic acid is widely used in the production of paints and coatings, which are in high demand due to the increasing desire to elevate the aesthetics of houses worldwide. The paints and coatings market are expected to grow significantly in the coming years, driven by factors such as increasing demand from various end-use industries, rising construction activities, and growing urbanization.

The demand for vinyl acetate monomers is rising in industries such as paints and coatings, paper coatings, and printed products. The market has considered an essential raw material for the production of vinyl acetate monomer, directly increasing the demand for the product. Acetic acid is widely used in the food and beverage industry in North America, where the increasing consumption of food directly influences the demand for the product. The region's demand for acetic acid is driven by its various applications in the food and beverage sector.

In the global product industry, competition is fierce due to the presence of multinational corporations. Eastman Chemical Company, SABIC, HELM AG, and Indian Oil corporations are among the prominent players in this industry. These companies are committed to continuous research and development efforts in order to improve their operational efficiency. Additionally, they actively pursue joint ventures and expand their production capacities to gain a competitive advantage.

Acetic Acid Market Report Highlights
  • Based on application, the vinyl acetate monomer segment is expected to witness the fastest growth rate with a CAGR of 7.8% globally. This is attributed to its wide utilization in the paints & coating industry. Acetic acid is an essential raw material for the production of vinyl acetate monomers. Hence, the increasing demand for vinyl acetate monomer is directly influencing the product demand
  • Asia Pacific dominated the market with a revenue share of 33.9% in 2023 and is predicted to remain on top over the forecast period. This is attributed to the rising demand for the product in the pharmaceutical industry. Acetic acid is widely consumed in the development of medicinal drugs such as aspirins to cure headaches. Increasing number of patients in the region is driving demand for medicines, which is directly impacting the product demand in the industry
  • North America is the second largest region and captured 21.2% of the market in 2023. This is attributed to the increased demand for the product in the food & beverage industry in the region. Acetic acid is a less toxic and low-cost chemical that is widely used in the food industry. The market is anticipated to see significant growth owing to its increased demand in the food industry over the predicted years
  • In September 2023, INEOS announced the acquisition of Eastman Chemical Company's Eastman Texas city site which also includes an acetic acid plant of 600 kilotons
  • In January 2023, Kingboard Holdings Limited announced that its subsidiary, Hebei Kingboard Energy Development Co., Ltd., plans to submit the "Environmental Impact Report of Hebei Kingboard Energy Development Co., Ltd. Acetic Acid Expansion and Transformation Project" for approval
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Acetic Acid Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Materials Trend
3.2.2. Manufacturing/ Technology Trends
3.2.3. Sales Channel Analysis
3.3. Vendor Landscape
3.3.1. List of Raw Material Suppliers
3.3.2. List of Distributors/Channel Partners
3.3.3. List of Potential End-Users
3.4. Regulatory/Policy Framework
3.5. Price Trend Analysis, 2018 - 2030 (USD/Kg)
3.5.1. Factors Influencing Prices
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.6.4. Industry Opportunities
3.7. Industry Analysis Tools
3.7.1. Porter’s Five Forces Analysis
3.7.2. Macro-environmental Analysis
Chapter 4. Acetic Acid Market: Application Estimates & Trend Analysis
4.1. Application Movement Analysis & Market Share, 2023 & 2030
4.2. Acetic Acid Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
4.3. Vinyl Acetate Monomer
4.3.1. Acetic Acid Market Estimates and Forecasts, in Vinyl Acetate Monomer, 2018 - 2030 (Kilotons) (USD Million)
4.4. Acetic Anhydride
4.4.1. Acetic Acid Market Estimates and Forecasts, in Acetic Anhydride, 2018 - 2030 (Kilotons) (USD Million)
4.5. Acetate Esters
4.5.1. Acetic Acid Market Estimates and Forecasts, in Acetate Esters, 2018 - 2030 (Kilotons) (USD Million)
4.6. Purified Terephthalic Acid
4.6.1. Acetic Acid Market Estimates and Forecasts, in Purified Terephthalic Acid, 2018 - 2030 (Kilotons) (USD Million)
4.7. Ethanol
4.7.1. Acetic Acid Market Estimates and Forecasts, in Ethanol, 2018 - 2030 (Kilotons) (USD Million)
4.8. Other Applications
4.8.1. Acetic Acid Market Estimates and Forecasts, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Acetic Acid Market: Regional Estimates & Trend Analysis
5.1. Regional Movement Analysis & Market Share, 2023 & 2030
5.2. North America
5.2.1. North America Acetic Acid Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.2.2. U.S.
5.2.2.1. Key country dynamics
5.2.2.2. U.S. Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.2.3. Canada
5.2.3.1. Key country dynamics
5.2.3.2. Canada Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.2.4. Mexico
5.2.4.1. Key country dynamics
5.2.4.2. Mexico Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.3. Europe
5.3.1. Europe Acetic Acid Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.3.2. Germany
5.3.2.1. Key country dynamics
5.3.2.2. Germany Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.3.3. Netherlands
5.3.3.1. Key country dynamics
5.3.3.2. Netherlands Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.3.4. Belgium
5.3.4.1. Key country dynamics
5.3.4.2. Belgium Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4. Asia Pacific
5.4.1. Asia Pacific Acetic Acid Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4.2. China
5.4.2.1. Key country dynamics
5.4.2.2. China Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4.3. India
5.4.3.1. Key country dynamics
5.4.3.2. India Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4.4. Japan
5.4.4.1. Key country dynamics
5.4.4.2. Japan Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4.5. South Korea
5.4.5.1. Key country dynamics
5.4.5.2. South Korea Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.5. Central & South America
5.5.1. Central & South America Acetic Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.5.2. Brazil
5.5.2.1. Key country dynamics
5.5.2.2. Brazil Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.5.3. Argentina
5.5.3.1. Key country dynamics
5.5.3.2. Argentina Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.6. Middle East & Africa
5.6.1. Middles East & Africa Acetic Acid Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
5.6.2. Saudi Arabia
5.6.2.1. Key country dynamics
5.6.2.2. Saudi Arabia Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
5.6.3. South Africa
5.6.3.1. Key country dynamics
5.6.3.2. South Africa Acetic Acid Market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Acetic Acid Market - Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company Categorization
6.3. Company Market Share/Position Analysis, 2023
6.4. Company Heat Map Analysis
6.5. Strategy Mapping
6.6. Company Profiles
6.6.1. Eastman Chemical Company
6.6.1.1. Participant’s overview
6.6.1.2. Financial performance
6.6.1.3. Product benchmarking
6.6.1.4. Recent developments
6.6.2. Celanese Corporation
6.6.2.1. Participant’s overview
6.6.2.2. Financial performance
6.6.2.3. Product benchmarking
6.6.2.4. Recent developments
6.6.3. LynodellBasell Industries Holding B.V.
6.6.3.1. Participant’s overview
6.6.3.2. Financial performance
6.6.3.3. Product benchmarking
6.6.3.4. Recent developments
6.6.4. SABIC
6.6.4.1. Participant’s overview
6.6.4.2. Financial performance
6.6.4.3. Product benchmarking
6.6.4.4. Recent developments
6.6.5. HELM AG
6.6.5.1. Participant’s overview
6.6.5.2. Financial performance
6.6.5.3. Product benchmarking
6.6.5.4. Recent developments
6.6.6. Airedale Chemical Company Limited
6.6.6.1. Participant’s overview
6.6.6.2. Financial performance
6.6.6.3. Product benchmarking
6.6.6.4. Recent developments
6.6.7. Indian Oil Corporation Ltd
6.6.7.1. Participant’s overview
6.6.7.2. Financial performance
6.6.7.3. Product benchmarking
6.6.7.4. Recent developments
6.6.8. Gujrat Narmada Valley Fertilizers & Chemicals Limited
6.6.8.1. Participant’s overview
6.6.8.2. Financial performance
6.6.8.3. Product benchmarking
6.6.8.4. Recent developments
6.6.9. Pentokey Organy
6.6.9.1. Participant’s overview
6.6.9.2. Financial performance
6.6.9.3. Product benchmarking
6.6.9.4. Recent developments
6.6.10. Ashok Alco Chem Limited
6.6.10.1. Participant’s overview
6.6.10.2. Financial performance
6.6.10.3. Product benchmarking
6.6.10.4. Recent developments
6.6.11. DAICEL CORPORATION
6.6.11.1. Participant’s overview
6.6.11.2. Financial performance
6.6.11.3. Product benchmarking
6.6.11.4. Recent developments
6.6.12. The Dow Chemical Product
6.6.12.1. Participant’s overview
6.6.12.2. Financial performance
6.6.12.3. Product benchmarking
6.6.12.4. Recent developments
6.6.13. DubiChem
6.6.13.1. Participant’s overview
6.6.13.2. Financial performance
6.6.13.3. Product benchmarking
6.6.13.4. Recent developments
6.6.14. INEOS
6.6.14.1. Participant’s overview
6.6.14.2. Financial performance
6.6.14.3. Product benchmarking
6.6.14.4. Recent developments

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