- vinyl acetate monomer (VAM)
- purified terephthalic acid (PTA)
- ethyl acetate
- ester solvents
- acetic anhydride
Acetic Acid Market size was valued at USD 9,825.3 million in 2021 and is expected to reach a value of USD 14,104.1 million by 2028, growing at a CAGR of 5.3% during the forecast period 2022 to 2028. The global market provides a detailed overview of the acetic acid market and that can be segmented by derivative, and end-user. By derivative, the acetic acid 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.
Acetic Acid Market Key Developments:
In March 2020, Lotte’s joint ventured with BP to increase the capacity for acetic acid production at the South Korean factory. This project will enable businesses to satisfy Korea's expanding demand.
Acetic Acid Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.3%
Largest Market
North American
Fastest Growing Market
Asia-Pacific
Acetic Acid Market Dynamics
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.
Asia Pacific Got Significant Share
Acetic Acid Market Regional Analysis
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
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Acetic Acid Market Segmentation
By Derivative
By End Users
- Plastics And Polymers
- Food And Beverage
- Adhesives
- Paints
- Coatings
- Chemicals
- Textile
- Medical
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The acetic acid market is projected to expand at a CAGR of 5.3% during the forecast period
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, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. vinyl acetate monomer (VAM) |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Plastics And Polymers |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Derivative Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 |
- Celanese Corporation
- INEOS
- Jiangsu SOPO (Group) Co., Ltd.
- Eastman Chemical Company
- Yankuang Group