Acetic Acid Market Size, Trends, Global Industry Overview, Latest Insights and Forecast 2023-2028

According to IMARC Group’s latest report, titled “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global acetic acid market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028. 

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022

Historical Period: 2017-2022

Forecast Period: 2023-2028

Acetic Acid Market Overview:

Acetic acid refers to a colorless, pungent liquid that is widely used as a solvent, as a raw material for the production of chemicals such as vinyl acetate and cellulose acetate, and as a reagent in chemical syntheses. It is also an important component of vinegar, which is typically between 4% and 8% acetic acid by volume. It is produced by the oxidation of ethanol and can also be synthesized from methanol. It is soluble in water, ethanol, and other polar solvents, but is only slightly soluble in non-polar solvents. It has a wide range of uses due to its acidic properties, and it is also used to produce many other chemicals.

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Acetic Acid Market Trends:

The rising demand for packaging materials in various industries represents a significant factor driving the market growth across the globe. In line with this, the expansion of end-use industries, such as textiles, is contributing to the growth of the market. Moreover, the replacement of polyethylene terephthalate (PET) bottles with glass bottles for various beverages is expected to stimulate the demand for terephthalic acid which is driving the market growth. In addition to this, the presence of major global players and their rising focus on mergers and acquisitions (M&As) are projected to create a positive outlook on the market growth. Other factors, such as the increasing demand for environmentally friendly and sustainable products, technological advancements in the production of acetic acid, and the rising demand for acetic acid in food and beverage applications, including in the production of condiments and pickling, are anticipated to contribute to the market growth.

Competitive Landscape With Key Players:

The competitive landscape of the acetic acid market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• British Petroleum Plc
• Celanese Corporation
• Daicel Corporation
• Eastman Chemical Company
• GNFC Limited
• HELM AG
• LyondellBasell Industries N.V.
• Mitsubishi Chemical Corporation
• PetroChina
• SABIC
• Showa Denko K.K.
• Sinopec
• Svensk Etanolkemi AB (SEKAB)
• Wacker Chemie AG

Key Market Segmentation:

The report has segmented the global acetic acid market on the basis of application, end-use and region.

Breakup by Application:

• VAM
• PTA
• Anhydride
• Ethyl Acetate
• Butyl Acetate
• Others

Breakup by End-Use:

• Plastics & Polymers
• Food & Beverage
• Inks, Paints & Coatings
• Chemicals
• Pharmaceuticals
• Others

Breakup by Region:

• China
• North America
• Western/Eastern Europe
• North East Asia
• South East Asia
• Middle East & Africa

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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