Global Acetic Acid Market 2023-2027
Technavio has been monitoring the acetic acid market and is forecast to grow by 5379.71 th tons during 2022-2027, accelerating at a CAGR of 5.39% during the forecast period. Our report on the acetic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing paints and coatings industry, the growing textile industry, and the increasing consumption of acetic acid.
Technavio's acetic acid market is segmented as below:
By Application
- VAM
- PTA
- Acetic anhydride
- Others
By End-user
- Plastics and polymers
- Food and beverages
- Ink paints and coatings
- Chemicals
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the development of bio-based acetic acid as one of the prime reasons driving the acetic acid market growth during the next few years. Also, increasing demand for vam and increasing demand for methanol will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the acetic acid market covers the following areas:
- Acetic acid market sizing
- Acetic acid market forecast
- Acetic acid market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading acetic acid market vendors that include 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. Also, the acetic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.