The global Glacial Acetic Acid Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Grade (Food, Industrial, Pharmaceutical), By Application (Vinyl Acetate Monomer, Ester Production, Acetic Anhydride, Solvent, Food Additive, Textile, Others).
The future of the glacial acetic acid market is influenced by trends such as chemical synthesis, industrial applications, and environmental regulations driving innovation in production methods, purity standards, and application versatility. Glacial acetic acid, a clear, colorless liquid with a pungent odor, is a vital chemical intermediate used in various industries such as chemicals, pharmaceuticals, and textiles. Key trends shaping this market include advancements in acetic acid production technologies such as methanol carbonylation, fermentation, and catalytic oxidation to improve efficiency, yield, and environmental sustainability while minimizing by-products and waste generation, the development of high-purity glacial acetic acid formulations to meet stringent quality standards and regulatory requirements for diverse industrial applications, and the adoption of innovative applications such as solvent extraction, chemical synthesis, and pH adjustment in manufacturing processes to optimize efficiency, reduce costs, and enhance product quality. As industries seek efficient, sustainable solutions for chemical synthesis and manufacturing processes, the demand for glacial acetic acid that offers high purity, reliability, and performance characteristics is expected to drive market growth and stimulate further innovation in production technology and applications.
The market report analyses the leading companies in the industry including Akshar Enterprises, Ashok Alco-Chem Ltd, Celanese Corp, Daicel Corp, Eastman Chemical Company, GNFC, INEOS, Jiangsu Thorpe Co. Ltd, KH Chemicals, Lyondellbasell Industries Holdings BV, Merck KgaA, PCCA, Reliance Industries Ltd, SABIC, Shanghai Wujing Chemical Co. Ltd, Spectrum Chemical Manufacturing Corp, Tan Hung Phu Chemical, Thana Acid and Chemical Company.
A significant trend in the glacial acetic acid market is the increasing demand for industrial chemicals and solvents. Glacial acetic acid, with its versatile properties as a solvent, reagent, and intermediate in various chemical processes, is witnessing growing demand across industries such as pharmaceuticals, textiles, plastics, and food processing. It is used in the production of numerous chemicals, including acetate esters, vinyl acetate monomer (VAM), and acetic anhydride, which find applications in the manufacturing of adhesives, coatings, resins, and pharmaceuticals. The trend towards industrialization and chemical manufacturing drives market growth for glacial acetic acid, as it serves as a vital raw material in diverse industrial processes, fostering opportunities for market expansion and product innovation.
The primary driver for the glacial acetic acid market is the expansion of chemical and pharmaceutical industries worldwide. Glacial acetic acid is a key component in the production of various chemicals, pharmaceuticals, and intermediates, making it an essential ingredient for chemical manufacturers and pharmaceutical companies. With increasing demand for chemicals and pharmaceuticals driven by population growth, urbanization, and economic development, there is a growing need for glacial acetic acid in the synthesis of pharmaceuticals, dyes, polymers, and other specialty chemicals. The expansion of chemical and pharmaceutical industries drives market demand for glacial acetic acid, creating opportunities for suppliers and manufacturers to meet the growing requirements of industrial customers and capitalize on emerging market trends.
An opportunity exists for companies operating in the glacial acetic acid market to develop green and sustainable processes for acetic acid production. As environmental concerns and regulatory requirements become increasingly stringent, there is a growing focus on sustainable manufacturing practices and the reduction of carbon emissions in chemical production. Companies can explore alternative feedstocks and innovative technologies such as bio-based fermentation, catalytic oxidation, and methanol carbonylation to produce glacial acetic acid using renewable resources and minimizing environmental impact. By adopting green and sustainable processes, companies can differentiate their products, reduce their carbon footprint, and appeal to environmentally conscious customers, opening up new opportunities for market growth and market leadership in the glacial acetic acid industry.
The glacial acetic acid Market Ecosystem encompasses diverse critical stages, beginning with production by chemical manufacturers employing methods including carbonylation of methanol or acetate ester hydrolysis. Major players including Celanese Corporation, BASF SE, and LyondellBasell Industries dominate this stage. Following production, purification and concentration processes ensure the high purity required for most applications, typically integrated into production at manufacturing facilities.
Further, specialized storage and handling by chemical storage terminals, provided by large chemical logistics companies including Brenntag and Vopak, ensure safe transportation and storage due to glacial acetic acid's corrosive nature. Distribution and sales are managed by chemical distributors including Brenntag AG, Univar Solutions Inc., and McKesson Corporation, catering to various industrial users. Further, glacial acetic acid serves as a crucial raw material in the chemical industry for producing various chemicals including vinyl acetate monomer and cellulose acetate, while in the food and beverage industry, its diluted form (vinegar) is utilized as an acidulant and preservative.
The industrial grade segment is the largest segment in the Glacial Acetic Acid Market. This dominance is driven by industrial-grade glacial acetic acid is extensively used in various industrial applications such as the production of vinyl acetate monomer (VAM), acetate esters, acetic anhydride, and cellulose acetate. These industrial processes require large quantities of glacial acetic acid as a key raw material, driving significant demand for the industrial-grade variant. Additionally, industrial-grade glacial acetic acid is utilized in industries such as textiles, dyes and pigments, plastics, and rubber manufacturing, where it serves as a solvent, catalyst, or intermediate in chemical synthesis processes. In addition, industrial-grade glacial acetic acid is relatively cost-effective compared to pharmaceutical or food-grade variants, making it the preferred choice for bulk applications where high purity is not essential. Further, the consistent quality and availability of industrial-grade glacial acetic acid from manufacturers and suppliers contribute to its dominance in the market. As industrial activities continue to expand globally, driven by economic growth and industrialization, the demand for industrial-grade glacial acetic acid is expected to remain strong, solidifying its position as the largest segment in the Glacial Acetic Acid Market.
The Vinyl Acetate Monomer (VAM) segment is the fastest-growing segment in the Glacial Acetic Acid Market. This rapid growth is driven by VAM is a key intermediate chemical used in the production of polyvinyl acetate (PVA) and other vinyl-based polymers, which are widely utilized in the manufacture of adhesives, coatings, paints, and polymer emulsions. As construction, automotive, and packaging industries continue to expand globally, the demand for VAM and its derivatives grows, driving the demand for glacial acetic acid as a primary raw material. In addition, the versatility of VAM in various applications such as architectural coatings, packaging adhesives, and textile finishes further fuels its demand. Additionally, advancements in polymer technology and increasing investments in research and development contribute to the growth of VAM consumption, thereby boosting the demand for glacial acetic acid. Further, the growth of the construction and automotive sectors, particularly in emerging economies, stimulates the demand for VAM-containing products, driving the rapid expansion of the Vinyl Acetate Monomer segment in the Glacial Acetic Acid Market.
By Grade
Food
Industrial
Pharmaceutical
By Application
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Solvent
Food Additive
Textile
Others
Akshar Enterprises
Ashok Alco-Chem Ltd
Celanese Corp
Daicel Corp
Eastman Chemical Company
GNFC
INEOS
Jiangsu Thorpe Co. Ltd
KH Chemicals
Lyondellbasell Industries Holdings BV
Merck KgaA
PCCA
Reliance Industries Ltd
SABIC
Shanghai Wujing Chemical Co. Ltd
Spectrum Chemical Manufacturing Corp
Tan Hung Phu Chemical
Thana Acid and Chemical Company
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Glacial Acetic Acid Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Glacial Acetic Acid Market Size Outlook, $ Million, 2021 to 2030
3.2 Glacial Acetic Acid Market Outlook by Type, $ Million, 2021 to 2030
3.3 Glacial Acetic Acid Market Outlook by Product, $ Million, 2021 to 2030
3.4 Glacial Acetic Acid Market Outlook by Application, $ Million, 2021 to 2030
3.5 Glacial Acetic Acid Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Glacial Acetic Acid Industry
4.2 Key Market Trends in Glacial Acetic Acid Industry
4.3 Potential Opportunities in Glacial Acetic Acid Industry
4.4 Key Challenges in Glacial Acetic Acid Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Glacial Acetic Acid Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Glacial Acetic Acid Market Outlook by Segments
7.1 Glacial Acetic Acid Market Outlook by Segments, $ Million, 2021- 2030
By Grade
Food
Industrial
Pharmaceutical
By Application
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Solvent
Food Additive
Textile
Others
8 North America Glacial Acetic Acid Market Analysis and Outlook To 2030
8.1 Introduction to North America Glacial Acetic Acid Markets in 2024
8.2 North America Glacial Acetic Acid Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Glacial Acetic Acid Market size Outlook by Segments, 2021-2030
By Grade
Food
Industrial
Pharmaceutical
By Application
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Solvent
Food Additive
Textile
Others
9 Europe Glacial Acetic Acid Market Analysis and Outlook To 2030
9.1 Introduction to Europe Glacial Acetic Acid Markets in 2024
9.2 Europe Glacial Acetic Acid Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Glacial Acetic Acid Market Size Outlook by Segments, 2021-2030
By Grade
Food
Industrial
Pharmaceutical
By Application
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Solvent
Food Additive
Textile
Others
10 Asia Pacific Glacial Acetic Acid Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Glacial Acetic Acid Markets in 2024
10.2 Asia Pacific Glacial Acetic Acid Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Glacial Acetic Acid Market size Outlook by Segments, 2021-2030
By Grade
Food
Industrial
Pharmaceutical
By Application
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Solvent
Food Additive
Textile
Others
11 South America Glacial Acetic Acid Market Analysis and Outlook To 2030
11.1 Introduction to South America Glacial Acetic Acid Markets in 2024
11.2 South America Glacial Acetic Acid Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Glacial Acetic Acid Market size Outlook by Segments, 2021-2030
By Grade
Food
Industrial
Pharmaceutical
By Application
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Solvent
Food Additive
Textile
Others
12 Middle East and Africa Glacial Acetic Acid Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Glacial Acetic Acid Markets in 2024
12.2 Middle East and Africa Glacial Acetic Acid Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Glacial Acetic Acid Market size Outlook by Segments, 2021-2030
By Grade
Food
Industrial
Pharmaceutical
By Application
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Solvent
Food Additive
Textile
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Akshar Enterprises
Ashok Alco-Chem Ltd
Celanese Corp
Daicel Corp
Eastman Chemical Company
GNFC
INEOS
Jiangsu Thorpe Co. Ltd
KH Chemicals
Lyondellbasell Industries Holdings BV
Merck KgaA
PCCA
Reliance Industries Ltd
SABIC
Shanghai Wujing Chemical Co. Ltd
Spectrum Chemical Manufacturing Corp
Tan Hung Phu Chemical
Thana Acid and Chemical Company
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Grade
Food
Industrial
Pharmaceutical
By Application
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Solvent
Food Additive
Textile
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Glacial Acetic Acid is forecast to reach $16.8 Billion in 2030 from $12.1 Billion in 2024, registering a CAGR of 5.6% over the outlook period
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Akshar Enterprises, Ashok Alco-Chem Ltd, Celanese Corp, Daicel Corp, Eastman Chemical Company, GNFC, INEOS, Jiangsu Thorpe Co. Ltd, KH Chemicals, Lyondellbasell Industries Holdings BV, Merck KgaA, PCCA, Reliance Industries Ltd, SABIC, Shanghai Wujing Chemical Co. Ltd, Spectrum Chemical Manufacturing Corp, Tan Hung Phu Chemical, Thana Acid and Chemical Company
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume