The global acetic acid market is expected to exhibit a CAGR of XX% during the forecast period, owing to its rising applications in the paints and paper coatings industry and the manufacturing of synthetic fibers, and others end-use industries.
Market Dynamics
Among the application, the vinyl acetate monomer segment held a dominant position in the global acetic acid market in 2020 and is also expected to retain its dominance during the forecast period. This is owing to its high use in the applications such as packaging films, thickeners, and photosensitive coatings. This trend is further expected to foster demand for acetic acid during the forecast period.
Among regions, Asia Pacific is expected to account for a significant market share during the forecast period (2023-2030), owing to a high number of manufacturing units of fibers and paints and coating products which will increase the overall acid products demand. Acetic acid is primarily used in various applications and various end-use industries as it is a chemical reagent, mainly used in the manufacturing of cellulose acetate, wood glue, and synthetic fibers and fabric. Such trends in the Asia Pacific is expected to boost demand for Acetic Acid in this region during the forecast period.
Key features of the study:
- This report provides in-depth analysis of acetic acid market, and provides market size (US$ Billion and Kilo Tons) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global acetic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Celanese corporation, British petroleum, Eastman chemical company, Jiangsu Sopo (group) co., ltd. , China petroleum & chemical corporation (Sinopec), Lyondell basell industries, Saudi basic industries corporation (Sabic), Mitsubishi chemical company, Petrochina co. Ltd., Petrochina co. Ltd., and Basf SE.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology upgradation, market expansion, and marketing tactics
- The global acetic acid market report caters to various stakeholders in this industry including investors, suppliers, acetic acid manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global acetic acid market
Detailed Segmentation:
- Global Acetic Acid Market, By Application:
- Vinyl acetate monomer
- PTA
- Acetate esters
- Acetic anhydride
- Others
- Global Acetic Acid Market, By Region:
- North America
- Europe
- U.K.
- Italy
- France
- Germany
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Rest of World
- Company Profiles
- Celanese Corporation
- British Petroleum
- Eastman Chemical Company
- Jiangsu Sopo (group) Co., Ltd.
- China Petroleum & Chemical Corporation (Sinopec)
- Lyondell Basell Industries
- Saudi Basic Industries Corporation (Sabic)
- Mitsubishi Chemical Company
- PetroChina Co. Ltd.
- Basf SE
