The Acetic Acid Market size is estimated at 18.71 Million tons in 2024, and is expected to reach 23.48 Million tons by 2029, growing at a CAGR of 4.65% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020, owing to several restrictions imposed by governments all around the globe. However, the sector has been recovering well since restrictions were lifted. The market recovered significantly in the 2021-22 period, owing to rising consumption from various end-user industries, and is projected to continue doing so.
The acetic acid market is partially consolidated in nature. Some of the major players in the market include (not in any particular order) Celanese Corporation, INEOS, Jiangsu SOPO (Group) Co. Ltd, Yankuang Group, and Eastman Chemical Company, among others.
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