The Global Acetic Acid Market Size is estimated to be US 22.2 Billion in 2023 and is poised to register 5.4% growth over the forecast period from 2023 to 2030 to reach US $ 32.1 billion in 2030.
The market growth is driven by the increasing Developing economies, especially in Asia-Pacific, which has been witnessing rapid industrialization and urbanization, leading to increased consumption of acetic acid. Leading companies that are focused on Bio-based Acetic Acid, Increased Use in the Chemical Industry, Expanding Pharmaceutical and Healthcare Sectors, Growth in the Textile and Apparel Industry, Electronics and Battery Industry, Technological Advancements, and others to boost market shares in the industry.
The global acetic acid market, primarily produced through methanol carbonylation, serves a diverse range of industries, including chemicals, textiles, food, and pharmaceuticals. Key players include Celanese, Eastman Chemical, and BP Chemicals, with Asia-Pacific leading in production and consumption due to rapid industrialization. Future prospects are shaped by the growing demand for bio-based acetic acid, stringent environmental regulations, and consumer preferences for sustainability, with potential applications in renewable energy sectors like battery technology.
In the textile industry, acetic acid serves as a vital chemical component, facilitating dyeing, printing, and finishing processes by enhancing color fastness, aiding dye fixation, and contributing to the production of acetate fibers like acetate rayon. Its importance in textile applications remains pronounced due to its role in achieving vibrant and long-lasting colors and supporting textile industry growth and innovation.
In the automotive industry, acetic acid is in demand primarily for its use in adhesives and sealants, providing strong bonding properties and corrosion resistance. These properties make acetic acid-based adhesives suitable for various automotive components, including windshields, body panels, and interior parts. As the automotive sector continues to grow, particularly in electric vehicles and lightweight materials, the demand for acetic acid-based adhesives and sealants is expected to remain significant, driving its demand within the automotive industry.
Acetic acid, notably in the form of vinegar, is a crucial food preservative and flavor enhancer in the acetic acid market. It extends the shelf life of food products by inhibiting spoilage microorganisms and enhances the taste of dishes. Its steady demand in the food industry underscores its vital role as both a preservative and flavor agent, making it a key component in this market segment.
The Global Acetic Acid Market is analyzed across Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ethyl Acetate, Acetic Anhydride, and others. Vinyl Acetate Monomer (VAM) is poised to register the fastest growth. In the acetic acid market, the production and demand for Vinyl Acetate Monomer (VAM) is a major driver. VAM, a key derivative of acetic acid, is essential for manufacturing adhesives, paints, coatings, and resins in various industries. This reliance on VAM as a critical raw material tightly links its demand to the acetic acid market, as it plays a pivotal role in these applications, emphasizing its significant influence on the market's dynamics.
The Global Acetic Acid Market is analyzed across various applications including Plastics and Polymers, Food and Beverage, Adhesives, Paints, and Coatings, Textile, Medical, and others. Of these, Plastics and Polymers held a significant market share in 2023. The plastics and polymers industry is a significant consumer of acetic acid in the acetic acid market. Acetic acid is a vital component in the production of synthetic fibers, films, and coatings, enhancing their strength and versatility. Its indispensable role in various polymers and plastic materials makes it essential in industries such as packaging, construction, and consumer goods, driving its demand within this sector.
By Derivative
By Application
By Region
*List not exhaustive
Acetic Acid Market Outlook 2023
1 Market Overview
1.1 Introduction to the Acetic Acid Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Acetic Acid Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Acetic Acid Market Companies with Area Served
4.2.2 Products Offerings Global Acetic Acid Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Acetic Acid Market Trends
6.1 Global Acetic Acid Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Acetic Acid Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Acetic Acid Revenue (USD Million) and CAGR (%) by Regions (2018-2030)
7 Global Acetic Acid Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Acetic Acid Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Acetic Acid Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Acetic Acid Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Acetic Acid Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Acetic Acid Development Regional Status and Outlook
8.1 Global Acetic Acid Revenue (USD Million) By Regions (2018-2022)
8.2 North America Acetic Acid Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Acetic Acid Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Acetic Acid Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Acetic Acid Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Acetic Acid Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Acetic Acid Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Acetic Acid Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Acetic Acid Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Acetic Acid Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Acetic Acid Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Acetic Acid Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Acetic Acid Revenue (USD Million) by Applications (2018-2022)
8.5 South America Acetic Acid Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Acetic Acid Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Acetic Acid Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Acetic Acid Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Acetic Acid Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Acetic Acid Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Acetic Acid Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Acetic Acid Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Acetic Acid Market Revenue (USD Million), by Type, and Applications (2023-2030)
10.1 Global Acetic Acid Revenue (USD Million) and Market Share (%) by Type (2023-2030)
10.1.1 Global Acetic Acid Revenue (USD Million), and Market Share (%) by Type (2023-2030)
10.2 Global Acetic Acid Revenue (USD Million) and Market Share (%) by Applications (2023-2030)
10.2.1 Global Acetic Acid Revenue (USD Million), and Market Share (%) by Applications (2023-2030)
11 Global Acetic Acid Development Regional Status and Outlook Forecast
11.1 Global Acetic Acid Revenue (USD Million) By Regions (2023-2030)
11.2 North America Acetic Acid Revenue (USD Million) by Type, and Applications (2023-2030)
11.2.1 North America Acetic Acid Revenue (USD) Million by Country (2023-2030)
11.2.2 North America Acetic Acid Revenue (USD Million), by Type (2023-2030)
11.2.3 North America Acetic Acid Revenue (USD Million), Market Share (%) by Applications (2023-2030)
11.3 Europe Acetic Acid Revenue (USD Million), by Type, and Applications (2023-2030)
11.3.1 Europe Acetic Acid Revenue (USD Million), by Country (2023-2030)
11.3.2 Europe Acetic Acid Revenue (USD Million), by Type (2023-2030)
11.3.3 Europe Acetic Acid Revenue (USD Million), by Applications (2023-2030)
11.4 Asia Pacific Acetic Acid Revenue (USD Million) by Type, and Applications (2023-2030)
11.4.1 Asia Pacific Acetic Acid Revenue (USD Million), by Country (2023-2030)
11.4.2 Asia Pacific Acetic Acid Revenue (USD Million), by Type (2023-2030)
11.4.3 Asia Pacific Acetic Acid Revenue (USD Million), by Applications (2023-2030)
11.5 South America Acetic Acid Revenue (USD Million), by Type, and Applications (2023-2030)
11.5.1 South America Acetic Acid Revenue (USD Million), by Country (2023-2030)
11.5.2 South America Acetic Acid Revenue (USD Million), by Type (2023-2030)
11.5.3 South America Acetic Acid Revenue (USD Million), by Applications (2023-2030)
11.6 Middle East and Africa Acetic Acid Revenue (USD Million), by Type, and Applications (2023-2030)
11.6.1 Middle East and Africa Acetic Acid Revenue (USD Million), by Region (2023-2030)
11.6.2 Middle East and Africa Acetic Acid Revenue (USD Million), by Type (2023-2030)
11.6.3 Middle East and Africa Acetic Acid Revenue (USD Million), by Applications (2023-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Acetic Acid Market Companies with Areas Served
Table 3 Products Offerings Global Acetic Acid Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Acetic Acid Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Acetic Acid Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Acetic Acid Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Acetic Acid Revenue (USD Million) By Type (2018-2022)
Table 11 Global Acetic Acid Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Acetic Acid Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Acetic Acid Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Acetic Acid Market Share (%) By Regions (2018-2022)
Table 16 North America Acetic Acid Revenue (USD Million) By Country (2018-2022)
Table 17 North America Acetic Acid Revenue (USD Million) By Type (2018-2022)
Table 18 North America Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Acetic Acid Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Acetic Acid Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Acetic Acid Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Acetic Acid Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Acetic Acid Revenue (USD Million) By Country (2018-2022)
Table 26 South America Acetic Acid Revenue (USD Million) By Type (2018-2022)
Table 27 South America Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Acetic Acid Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Acetic Acid Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Acetic Acid Revenue (USD Million) By Type (2023-2030)
Table 33 Global Acetic Acid Revenue Market Share (%) By Type (2023-2030)
Table 34 Global Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Table 35 Global Acetic Acid Revenue Market Share (%) By Applications (2023-2030)
Table 36 Global Acetic Acid Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)
Table 37 North America Acetic Acid Revenue (USD)By Country (2023-2030)
Table 38 North America Acetic Acid Revenue (USD Million) By Type (2023-2030)
Table 39 North America Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Table 40 Europe Acetic Acid Revenue (USD Million) By Country (2023-2030)
Table 41 Europe Acetic Acid Revenue (USD Million) By Type (2023-2030)
Table 42 Europe Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Table 43 Asia Pacific Acetic Acid Revenue (USD Million) By Country (2023-2030)
Table 44 Asia Pacific Acetic Acid Revenue (USD Million) By Type (2023-2030)
Table 45 Asia Pacific Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Table 46 South America Acetic Acid Revenue (USD Million) By Country (2023-2030)
Table 47 South America Acetic Acid Revenue (USD Million) By Type (2023-2030)
Table 48 South America Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Table 49 Middle East and Africa Acetic Acid Revenue (USD Million) By Region (2023-2030)
Table 50 Middle East and Africa Acetic Acid Revenue (USD Million) By Region (2023-2030)
Table 51 Middle East and Africa Acetic Acid Revenue (USD Million) By Type (2023-2030)
Table 52 Middle East and Africa Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Acetic Acid Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Acetic Acid Revenue Market Share (%) By Type (2022)
Figure 5 Global Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Acetic Acid Revenue Market Share (%) By Applications (2022)
Figure 7 Global Acetic Acid Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Acetic Acid Market Share (%) By Regions (2022)
Figure 9 North America Acetic Acid Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Acetic Acid Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Acetic Acid Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Acetic Acid Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Acetic Acid Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Acetic Acid Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Acetic Acid Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Acetic Acid Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Acetic Acid Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Acetic Acid Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Acetic Acid Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Acetic Acid Revenue (USD Million) By Type (2023-2030)
Figure 25 Global Acetic Acid Revenue Market Share (%) By Type (2030)
Figure 26 Global Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Figure 27 Global Acetic Acid Revenue Market Share (%) By Applications (2030)
Figure 28 Global Acetic Acid Market Revenue (USD Million) By Regions (2023-2030)
Figure 29 North America Acetic Acid Revenue (USD Million) By Country (2023-2030)
Figure 30 North America Acetic Acid Revenue (USD Million) By Type (2023-2030)
Figure 31 North America Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Figure 32 Europe Acetic Acid Revenue (USD Million) By Country (2023-2030)
Figure 33 Europe Acetic Acid Revenue (USD Million) By Type (2023-2030)
Figure 34 Europe Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Figure 35 Asia Pacific Acetic Acid Revenue (USD Million) By Country (2023-2030)
Figure 36 Asia Pacific Acetic Acid Revenue (USD Million) By Type (2023-2030)
Figure 37 Asia Pacific Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Figure 38 South America Acetic Acid Revenue (USD Million) By Country (2023-2030)
Figure 39 South America Acetic Acid Revenue (USD Million) By Type (2023-2030)
Figure 40 South America Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Figure 41 Middle East and Africa Acetic Acid Revenue (USD Million) By Region (2023-2030)
Figure 42 Middle East and Africa Acetic Acid Revenue (USD Million) By Region (2023-2030)
Figure 43 Middle East and Africa Acetic Acid Revenue (USD Million) By Type (2023-2030)
Figure 44 Middle East and Africa Acetic Acid Revenue (USD Million) By Applications (2023-2030)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
By Derivative
By Application
By Region