Acetic Acid Market: By Derivative, Purified Terephthalic Acid, Ethyl Acetate, Ester Solvents, Acetic Anhydride) By End Users and Region Forecast 2019 - 2030
Acetic Acid Market size was valued at US$ 11,825.3 million in 2023 and is expected to reach a value of US$ 16,104.1 million by 2030, growing at a CAGR of 5.3% during the forecast period 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by derivative, and end-user. By derivative, the market has been segmented into vinyl acetate monomer (VAM), purified terephthalic acid (PTA), ethyl acetate, ester solvents, acetic anhydride, and other derivatives. The vinyl acetate monomer (VAM) segment is likely to be the largest and fastest-growing segment in terms of derivative. On the basis of end-users, the market is segregated into plastics and polymers, food and beverage, adhesives, paints, and coatings, chemicals, textile, medical, and other end users. The plastics and polymers segment held a considerable market share during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
5.3%Largest Market
North AmericanFastest Growing Market
Asia-Pacific
Some of the key factors fueling the market growth include growing infrastructure investments globally, increasing use of acetic acid in the production of terephthalic acid, and increased demand for the product from vinyl acetate monomer (VAM) producers globally. Growing demand from the textile and packaging industry and the increasing textile and packaging industry is another factor boosting the market growth.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. This is supported by the region's growing influx of polymer formulators. The region has seen numerous manufacturing growth projects over the past ten years and has been home to numerous international corporations from various economic sectors. North America held considerable market growth during the estimated period.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 11,825.3 million |
|
Market Size in 2030 |
US$ 16,104.1 million |
|
Market CAGR |
5.3% |
|
By Derivative |
|
|
By End Users |
|
|
By Region |
|
Download Free Sample Report
The global acetic acid market size was valued at US$ 11,825.3 million in 2023 and is projected to grow at a CAGR of 5.3% from 2024-2030.
The major players in the global acetic acid market are British Petroleum, Celanese Corporation, Daicel Corporation, DuPont, Eastman Chemical Company, GNFC Limited, Jiangsu Sopo (Group) Co., Ltd., Lyondell Basell Industries N.V., Mitsubishi Chemical Corporation and Saudi International Petrochemicals.
Asia Pacific is the fastest-growing region for acetic acid market
| 1. Executive Summary |
| 2. Global Acetic Acid Market Introduction |
| 2.1.Global Acetic Acid Market - Taxonomy |
| 2.2.Global Acetic Acid Market - Definitions |
| 2.2.1.Derivative |
| 2.2.2.End Users |
| 2.2.3.Region |
| 3. Global Acetic Acid Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Acetic Acid Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Acetic Acid Market By Derivative, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. vinyl acetate monomer (VAM) |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. purified terephthalic acid (PTA) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. ethyl acetate |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. ester solvents |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. acetic anhydride |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Acetic Acid Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Plastics And Polymers |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Food And Beverage |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Adhesives |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Paints |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Coatings |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Chemicals |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Textile |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Medical |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Acetic Acid Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Acetic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Derivative Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.vinyl acetate monomer (VAM) |
| 8.1.2.purified terephthalic acid (PTA) |
| 8.1.3.ethyl acetate |
| 8.1.4.ester solvents |
| 8.1.5.acetic anhydride |
| 8.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Plastics And Polymers |
| 8.2.2.Food And Beverage |
| 8.2.3.Adhesives |
| 8.2.4.Paints |
| 8.2.5.Coatings |
| 8.2.6.Chemicals |
| 8.2.7.Textile |
| 8.2.8.Medical |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Acetic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Derivative Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.vinyl acetate monomer (VAM) |
| 9.1.2.purified terephthalic acid (PTA) |
| 9.1.3.ethyl acetate |
| 9.1.4.ester solvents |
| 9.1.5.acetic anhydride |
| 9.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Plastics And Polymers |
| 9.2.2.Food And Beverage |
| 9.2.3.Adhesives |
| 9.2.4.Paints |
| 9.2.5.Coatings |
| 9.2.6.Chemicals |
| 9.2.7.Textile |
| 9.2.8.Medical |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Acetic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Derivative Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.vinyl acetate monomer (VAM) |
| 10.1.2.purified terephthalic acid (PTA) |
| 10.1.3.ethyl acetate |
| 10.1.4.ester solvents |
| 10.1.5.acetic anhydride |
| 10.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Plastics And Polymers |
| 10.2.2.Food And Beverage |
| 10.2.3.Adhesives |
| 10.2.4.Paints |
| 10.2.5.Coatings |
| 10.2.6.Chemicals |
| 10.2.7.Textile |
| 10.2.8.Medical |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Acetic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Derivative Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.vinyl acetate monomer (VAM) |
| 11.1.2.purified terephthalic acid (PTA) |
| 11.1.3.ethyl acetate |
| 11.1.4.ester solvents |
| 11.1.5.acetic anhydride |
| 11.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Plastics And Polymers |
| 11.2.2.Food And Beverage |
| 11.2.3.Adhesives |
| 11.2.4.Paints |
| 11.2.5.Coatings |
| 11.2.6.Chemicals |
| 11.2.7.Textile |
| 11.2.8.Medical |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Acetic Acid Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Derivative Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.vinyl acetate monomer (VAM) |
| 12.1.2.purified terephthalic acid (PTA) |
| 12.1.3.ethyl acetate |
| 12.1.4.ester solvents |
| 12.1.5.acetic anhydride |
| 12.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Plastics And Polymers |
| 12.2.2.Food And Beverage |
| 12.2.3.Adhesives |
| 12.2.4.Paints |
| 12.2.5.Coatings |
| 12.2.6.Chemicals |
| 12.2.7.Textile |
| 12.2.8.Medical |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Celanese Corporation |
| 13.2.2.INEOS |
| 13.2.3.Jiangsu SOPO (Group) Co., Ltd. |
| 13.2.4.Eastman Chemical Company |
| 13.2.5.Yankuang Group |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
Download Free Sample
