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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 27.6 Billion by 2029 | 4.8% | Asia Pacific |
| By Derivative | By End-user industry | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
 Acetic Acid Market Overview
The global acetic acid market is designed to grow at 4.8 % CAGR from 2022 to 2029. It is expected to reach above USD 27.6 Billion by 2029 from USD 21.2 Billion in 2022.
Acetic acid (CH3COOH), also known as ethanoic acid or methane carboxylic acid, is a colorless organic compound with a strong, acrid, and sour odor. It is one of the most important industrial chemicals and chemical reagents utilized in the production of volatile organic esters such as cellulose, metal, and vinyl acetates as well as ethyl and butyl acetates. It is projected that market growth will be supported during the anticipated time frame by acetic acid’s expanding application in the production of Terephthalic acid. Terephthalic acid serves a significant function as a fundamental building component in the synthesis of polyester resins, which are widely used in polyester films, PET resins, and polyester fibers. In addition to being used to make home furnishings, Terephthalic acid is also utilized to make textiles like bed sheets, shirts, and curtains.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Kilotons) |
| Segmentation | By Derivative, End-user industry, and region. |
| By Derivative |
|
| By End-user industry |
|
| By Region |
|
Due to the rising use of acetic acid in the manufacturing of many goods, such as vinyl acetate monomers (VAM) and pure terephthalate acid, the market size is predicted to grow over the assessment period. Acetic acid is used to create vinyl acetate monomers, which are then converted into resins and polymers for use in textiles, paints, coatings, adhesives, films, and other end-use products.
Acetic acid is a transparent organic liquid often referred to as ethanoic acid. Acetic acid, the second-simplest carboxylic acid, has the functional group methyl. It serves as a chemical reagent in the production of several chemical compounds. The primary products created from acetic acid are vinegar, acetic anhydride, vinegar, and vinyl acetate monomer. In the production of synthetic fibers, textiles, and photographic film, it serves as a crucial industrial chemical and chemical reagent. The rise of the textile industry has led to an increase in the demand for acetic acid.
Increasing textile industry growth – Vinyl acetate and metal acetate, also known as ethanoic acid and acetic acid, are often used to create chemical reagents for textiles, photographic films, paints, and volatile organic esters. Acetic acid is frequently used in the textile industry when printing and dying fabrics. In the textile business, vinyl acetate monomer is used to create synthetic fibers. The development is being driven by the rising demand for textiles internationally, which is expected to account for a sizable share of the acetic acid market.
The use of vinegar in the food industry has expanded as a result of the rise in demand for food items and the adoption of a sustainable and nutrient-dense diet, both of which have increased food production globally. Vinegar is a component in pickling liquids, marinades, and salad dressings. Salmonella contamination of meat and poultry products is also less likely as a result. Acetic acid and its sodium counterparts are also used for food preservation. The market for acetic acid is expanding as a result of the rise in vinegar consumption in the food industry.
Acetic Acids are in high demand due to their high capacity for carrying loads. Also, fossil fuels are about to finish. So electric vehicles are the best alternatives for many key player companies are working on this technology and how can they increase the load capacity. These facilities are expected to boost the market growth than the forecasted CAGR.
Acetic Acid Market Segment Analysis
Vinyl acetate monomer, purified terephthalic acid, ester solvents, and acetic anhydride are the segments of the acetic acid market.
A monocarboxylic acid with two carbons is acetic acid. It has a strong, vinegar-like stench and is a clear, colorless liquid. Methanol may be carbonated to produce acetic acid, as can acetaldehyde and ethylene by oxidation, as well as biological processes such as bacterial fermentation.
The vinyl acetate monomer (VAM) sector has dominated the market in 2021 when it comes to application. Vinyl acetate monomer (VAM), a manufacturing intermediate used to create a range of chemical derivatives, is now one of the most rapidly developing applications for acetic acid, accounting for the majority of its overall global consumption. Vinyl acetate monomer is extensively used in the formulation of paints and coatings. VAM is polymerized to produce other polymers, such as polyvinyl acetate, which are essential parts of the paints industry. Due to its critical role as a chemical reagent in the industrial sector, acetic acid is in great demand.
Purified terephthalic acid is used to create polyester, which includes polyester fiber, polyester film, and polyethylene terephthalate (PET) bottles (PTA). This polyester is also used in textiles and food and beverage containers. Other applications for PTA include coatings and other composite materials. The increase in population has increased the demand for food and drink, which has increased the demand for polyester-based plastic bottles and containers. Due to this characteristic, there is also a large demand for this type of acid globally.
Acetic Acid Market Players
The acetic acid market’s key players include Eastman chemical company, Celanese Corporation, LyondellBasell industrial holding B.V., Sabic, Helm AG, Airedale Chemical Company Limited, Indian Oil Corporation Limited, Gujrat Narmada valley fertilizers and chemicals limited, Pentokey organy, Ashok Alco chem limited, DAICEL Corporation, The Dow chemical product, Dubichem, INEOS.
For corporate expansion, these key leaders are implementing strategic formulations such as new product development and commercialization, commercial expansion, and distribution agreements. Moreover, these participants are substantially spending on product development, which is fueling revenue generation.
Recent News
8 February, 2023: Celanese expanded its portfolio of sustainable products across the acetyl chain. Celanese made an announcement of availability of more sustainable versions of multiple acetyl chain materials with mass balance bio-content.
26 October, 2022: Celanese confirmed the lifting of force majeure for Acetyl chain products including acetic acid.
Who Should Buy? Or Key stakeholders
- Investors
- Adhesive Companies
- Research Organizations
- Paint Industries
- Regulatory Authorities
- Institutional & retail players
Acetic Acid Market Regional Analysis
The acetic acid market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
The Asia Pacific region held the majority of the market with a 48.8% revenue share. Its expansion stays linked to the rising demand for acetic acid in several sectors, including textiles, medicines, construction, and automobiles. The expansion of the region’s pharmaceutical industry explains the rise in product demand. The majority of acetic acid utilization is in the production of pharmaceuticals. The region’s total demand for the product is projected to be driven by consumers’ growing dependence on prescription pills.
Asia Pacific accounted for a sizable portion of the global vinyl acetate monomer market. Additionally, during the course of the projection, the region’s market is expected to be significantly impacted by the expanding building and construction sectors, notably in China and India. It is projected that the enhanced pharmaceutical sector and rising demand for medications in nations like Saudi Arabia, Qatar, the United Arab Emirates, and Bahrain would positively affect the demand for the acetic acid market in the Middle East and Africa. The existence of a sizable patient population with diabetes, cardiovascular disease, and age-related illnesses. The need for acetic acid in the region’s pharmaceutical business is growing as people are living longer.
Key Market Segments: Acetic Acid Market
Acetic Acid Market by Derivative, 2022-2029, (USD Billion), (Kilotons)
- Vinyl Acetate Monomer
- Purified Terephthalic Acid
- Ethyl Acetate
- Ester Solvents
- Acetic Anhydride
- Other Derivatives
Acetic Acid Market by End-User Industry, 2022-2029, (USD Billion), (Kilotons)
- Plastic & Polymers
- Food And Beverages
- Adhesives
- Paints And Coatings
- Textile
- Medical
- Other
Acetic Acid Market by Region, 2022-2029, (USD Billion), (Kilotons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the acetic acid market over the next 7 years?
- What are the end-user industries driving demand for the market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, the Middle East, and Africa?
- How is the economic environment affecting the acetic acid market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the acetic acid market?
- What are the key drivers of growth in the acetic acid market?
- Who are the market’s major players, and what is their market share?
- What are the acetic acid market’s distribution channels and supply chain dynamics?
- What are the technological advancements and innovations in the acetic acid market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the acetic acid market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the acetic acid market?
- What is the pricing trend of acetic acid in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL ACETIC ACID MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON THE ACETIC ACID MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL ACETIC ACID MARKET OUTLOOK
- GLOBAL ACETIC ACID MARKET BY DERIVATIVE, 2022-2029, (USD BILLION), (KILOTONS)
- VINYL ACETATE MONOMER
- PURIFIED TEREPHTHALIC ACID
- ETHYL ACETATE
- ESTER SOLVENTS
- ACETIC ANHYDRIDE
- OTHER DERIVATIVES
- GLOBAL ACETIC ACID MARKET BY END-USER INDUSTRY, 2022-2029, (USD BILLION), (KILOTONS)
- FOOD AND BEVERAGES
- PAINTS AND COATINGS
- PLASTIC AND POLYMERS
- PHARMACEUTICAL
- CHEMICALS
- ADHESIVES
- GLOBAL ACETIC ACID MARKET BY REGION, 2022-2029, (USD BILLION), (KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- CELANESE CORPORATION
- LYONDEBELLBASELL INDUSTRIAL HOLDING B.V.
- SABIC
- HELM AG
- AIREDALE CHEMICAL COMPANY LIMITED
- INDIAN OIL CORPORATION LIMITED
- GUJRAT NARMADA VALLEY FERTILIZERS CHEM LTD
- PENTOKEY ORGANY
- ASHOK ALCO CHEM LTD
- DAICEL CORPORATION
- THE DOW CHEMICAL PRODUCT
- DUBICHEM
- INEOS *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 2 Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY REGION (USD BILLION) 2022-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY REGION (KILOTONS) 2022-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA ACETIC ACID MARKET BY COUNTRY (USD BILLION) 2022-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA ACETIC ACID MARKET BY COUNTRY (KILOTONS) 2022-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â US ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â US ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA ACETIC ACID MARKET BY COUNTRY (USD BILLION) 2022-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA ACETIC ACID MARKET BY COUNTRY (KILOTONS) 2022-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY COUNTRY (USD BILLION) 2022-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY COUNTRY (KILOTONS) 2022-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE ACETIC ACID MARKET BY COUNTRY (USD BILLION) 2022-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE ACETIC ACID MARKET BY COUNTRY (KILOTONS) 2022-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UK ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UK ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UK ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â UK ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â ITALY ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â ITALY ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â ITALY ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â SPAIN ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â SPAIN ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â SPAIN ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â SPAIN ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â RUSSIAN ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â RUSSIAN ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â RUSSIAN ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â RUSSIAN ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY COUNTRY (USD BILLION) 2022-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY COUNTRY (KILOTONS) 2022-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â UAE ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â UAE ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â UAE ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â UAE ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY DERIVATIVE (USD BILLION) 2022-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY DERIVATIVE (KILOTONS) 2022-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY END-USER (USD BILLION) 2022-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA ACETIC ACID MARKET BY END-USER (KILOTONS) 2022-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY DERIVATIVE, USD BILLION, 2022-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY END-USER, USD BILLION, 2019-2028
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY REGION, USD BILLION, 2019-2028
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY DERIVATIVE, 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY END-USER 2021
FIGURE 14Â Â Â Â Â Â Â Â Â GLOBAL ACETIC ACID MARKET BY REGION 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 15Â Â Â Â Â Â Â Â Â Â CELANESE CORPORATION: COMPANY SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â LYONDELLBASELL INDUSTRIES: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â SABIC: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â INDIAN OIL CORPORATION: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â DAICEL CORPORATION: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â THE DOW CHEMICAL EXPANSION: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â DUBICHEM: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â INEOS: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â ASHOK ALCO CHEM LTD: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â PENTOKEY ORGANY: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â HELM AG: COMPANY SNAPSHOT
FAQ
The global acetic acid market is designed to grow at 4.8 % CAGR from 2022 to 2029. It is expected to reach above USD 27.6 Billion by 2029 from USD 21.2 Billion in 2022.
Due to the rising use of acetic acid in the manufacturing of many goods, such as vinyl acetate monomers (VAM) and pure terephthalate acid, the market size is predicted to grow over the assessment period. Acetic acid is used to create vinyl acetate monomers, which are then converted into resins and polymers for use in textiles, paints, coatings, adhesives, films, and other end-use products.
The use of vinegar in the food industry has expanded as a result of the rise in demand for food items and the adoption of a sustainable and nutrient-dense diet, both of which have increased food production globally. Vinegar is a component in pickling liquids, marinades, and salad dressings. Salmonella contamination of meat and poultry products is also less likely as a result. Acetic acid and its sodium counterparts are also used for food preservation. The market for acetic acid is expanding as a result of the rise in vinegar consumption in the food industry.
The Asia Pacific region held the majority of the market with a 48.8% revenue share. Its expansion is linked to the rising demand for acetic acid in several sectors, including textiles, medicines, construction, and automobiles. The expansion of the region’s pharmaceutical industry explains the rise in product demand. The majority of acetic acid utilization is in the production of pharmaceuticals. The region’s total demand for the product is projected to be driven by consumers’ growing dependence on prescription pills.
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