This report offers a detailed analysis of the global acetic acid market, focusing on key trends, market dynamics, regional outlook, and competitive landscape. Acetic acid, a colorless organic compound with a distinctive sour taste and pungent smell, is a vital chemical used in the production of various industrial and consumer products, including vinyl acetate monomer (VAM), acetic anhydride, and purified terephthalic acid (PTA).
Global acetic acid market is anticipated to reach USD 27 billion by 2033, at a CAGR of 6.20% from 2024 to 2033.
2. Market Introduction
Acetic acid is primarily produced through methanol carbonylation and is a key intermediate in the manufacturing of synthetic fibers, plastics, food additives, and solvents. The market is expanding due to increasing demand across sectors like textiles, packaging, pharmaceuticals, and food & beverage.
The growing industrialization in developing economies and the expanding petrochemical and plastics industries are significantly contributing to market growth.
3. Market Dynamics
Market Drivers
Rising demand for vinyl acetate monomer (VAM) in adhesives, paints, and coatings
Expansion of the textile and packaging industries
Growth in the food & beverage industry (as a preservative and acidity regulator)
Increasing use in pharmaceuticals and personal care products
Industrial demand in Asia-Pacific, especially from China and India
Market Restraints
Volatility in raw material prices, especially methanol
Environmental and health concerns associated with acetic acid exposure
Stringent regulations on emissions and waste management
Opportunities
Bio-based acetic acid development for sustainable production
Increased R&D investments for improved synthesis processes
Expanding use in developing countries with rapid industrialization
4. Segment Analysis
By Application
Vinyl Acetate Monomer (VAM)
Purified Terephthalic Acid (PTA)
Acetic Anhydride
Esters
Other Applications (solvents, food additives, textiles)
By End-Use Industry
Plastics & Polymers
Textiles
Food & Beverages
Pharmaceuticals
Chemicals
Paints & Coatings
By Region
North America
Europe
Asia-Pacific (dominant market share, particularly China)
Latin America
Middle East & Africa
5. Some of the Key Market Players
Celanese Corporation
Eastman Chemical Company
LyondellBasell Industries Holdings B.V.
China Petrochemical Corporation (Sinopec)
British Petroleum (BP) plc
INEOS Group Holdings S.A.
Jiangsu Sopo Group
GNFC (Gujarat Narmada Valley Fertilizers & Chemicals)
Daicel Corporation
Wacker Chemie AG
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6. Table of Content (Sample Structure)
Executive Summary
Research Methodology
Market Overview
Market Introduction
Market Dynamics
Drivers
Restraints
Opportunities
Market Size & Forecast (2024–2030)
Segment Analysis
By Application
By End-Use Industry
By Region
Regional Outlook
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Competitive Landscape
Company Profiles
Recent Developments
Market Share Analysis
Emerging Trends & Technological Developments
Environmental & Regulatory Landscape
Strategic Recommendations
Appendix
Glossary
Data Sources
Abbreviations