Acetic Acid Market Size Was Valued at USD 8.13 Billion in 2023, and is Projected to Reach USD 13.28 Billion by 2032, Growing at a CAGR of 5.6% From 2024-2032.

The extensive utilization of acetic acid in a variety of sectors like chemical manufacturing, pharmaceuticals, and food processing fuels the worldwide market for this compound. Important uses involve manufacturing vinyl acetate monomer, acetic anhydride, and cellulose acetate. A small number of key players dominate the market and face competition, with production mainly focused in Asia-Pacific regions. Increasing need from developing countries, along with improvements in production technology, are projected to drive market expansion in the future. Nevertheless, market may face potential challenges due to fluctuating crude oil prices and environmental issues in acetic acid production.

Key Prominent Players In The Acetic Acid Market:

  • Celanese Corporation (Dallas, Texas, USA)
  • Chang Chun Group (Taipei, Taiwan)
  • Daicel Corporation (Osaka, Japan)
  • Eastman Chemical Company (Kingsport, Tennessee, USA)
  • GNFC Limited (Gujarat, India)
  • INEOS (London, United Kingdom)
  • Jiangsu SOPO (Group) Co. Ltd. (Nanjing, China)
  • Kingboard Holdings Limited (Hong Kong)
  • LyondellBasell Industries Holdings BV (Houston, Texas, USA)
  • Mitsubishi Chemical Corporation (Tokyo, Japan)
  • PetroChina Company Limited (Beijing, China)
  • Sabic (Riyadh, Saudi Arabia)
  • Shandong Hualu-Hengsheng Chemical Co. Ltd. (Weifang, China)
  • Shanghai Huayi Holding Group Co. Ltd. (Shanghai, China)
  • Sipchem Company (Al Khobar, Saudi Arabia)

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Global Acetic Acid Market Segmentation:

By Type          

  • Vinyl Acetate Monomer (VAM)
  • Purified Terephthalic Acid (PTA)
  • Ethyl Acetate
  • Acetic Anhydride
  • Other Derivatives

By Applications         

  • Plastics and Polymers
  • Food and Beverage
  • Adhesives, Paints, and Coatings
  • Textile
  • Medical
  • Other Applications

Geographic Segment Covered in the Report:

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Acetic Acid market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Acetic Acid market segments and regions.

The report offers varied descriptions about the segmentation of the market on the basis of the segmented global Powder Eyeshadows market and leads with a descriptive structure of the trends and restrictions of the various segments and sub-segments. It also provides the market size and estimates a forecast from the year 2024 to 2032. The report delivers information about the market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

Acetic Acid Market Trend Analysis

Expanding applications: Acetic acid's versatility is fueling its demand in sectors like pharmaceuticals, textiles, and plastics. It's used as a solvent, reagent, and precursor for numerous products.

Rising demand for vinyl acetate monomer (VAM): VAM, a major derivative of acetic acid, is used in adhesives, paints, and coatings. The growing construction and automotive industries are driving VAM demand.

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