Global Acetic acid Market 2018-2029 - Trends, COVID-19 impact and Growth Forecasts to 2029
Global Acetic acid Market by application (Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Acetic Anhydride, and Others), by end-use (Plastics and Polymers, Food and Beverage, Adhesives, Paints and Coatings, Chemicals, Textiles, Healthcare, and Others), by region (Asia-Pacific, North America, Europe, South America, Middle East and Africa), with forecasts till 2029 (value and volume)
ChemIntel360’s global Acetic Acid market study is a 141 slide report containing in-depth analysis on historical and forecasted spending, consumption patterns in the sector, and related market dynamics such as trends, drivers, and challenges. The study offers granular value and volume data from a global, regional, applications, and end-use industry perspective.
The global Acetic Acid market is valued at US$13.4 billion in 2021. It is expected to grow at a CAGR of 4.2% during the forecast period (2022-2029). Acetic Acid (CH3COOH), also known as Ethanoic Acid, Ethylic Acid, Vinegar Acid, or Methane Carboxylic Acid is a colorless liquid with a distinctive pungent smell, mainly used in the adhesives, paints and coatings industry.
For the purpose of this study, we have considered the historical period to run through 2018-2021 and the forecast period from 2022-2029.
Figure 1: Global Acetic Acid Market during 2018-2029 in US$ billion
Key insights from the Global Acetic Acid report
Insights by Application
The global Acetic Acid market has been classified into Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetate Esters, Acetic Anhydride, and Others based on its applications.
VAM is a major application segment of Acetic Acid, being widely used in producing water-based paints, waterproofing coatings, paper and paperboard coatings, and adhesives. Additionally, VAM is used to make Polyvinyl Alcohol and Polyvinyl Acetate. Polyvinyl Alcohol (PVA) is the primary derivative of VAM owing to its adhesive properties to substrates such as metals, paper, wood, and plastic films. It is used in producing water-soluble packaging, coatings, adhesives, textile warp sizing, etc. On the other hand, Polyvinyl Acetate is used in textile treatment, adhesives, paints, paper coatings, etc.
Purified Terephthalic Acid (PTA) inherent characteristics such as flexibility, toughness, and dimensional stability make it ideal for usage in photographic films, data storage tapes, and sheet material. Additionally, PTA is used to produce carbonated plastic bottles as a carrier in paints and as fiber glass reinforced plastics in unsaturated polyesters.
Furthermore, PTA is used in making Acetate Esters, Acetic Anhydride, etc. Acetate Ester is extensively used as a solvent in printing ink, adhesives, and sealants. Acetic Anhydride is extensively used for oil spill cleanup, synthesizing aspirin, acetylation of salicylic acid, wood preservation, etc.
Figure 2: Global Acetic Acid Market by Application in 2021
Insights on End-Use Industry
Polymerizing Purified Terephthalic Acid (PTA) and Ethylene Glycol produces Polyethylene Terephthalate, commonly known as PET, extensively used in synthetic fibers, food containers, beverage bottles, packing trays, cosmetic jars, and plastic films.
Acetic Acid is the main component in vinegar, comprising of 3 – 18% of vinegar’s volume; the rest is water. Vinegar is used as a condiment in pickling liquids, vinaigrettes, marinades, and other salad dressings. It is also used in food preparation to prevent Salmonella contamination in meat and poultry products. Additionally, Acetic Acid is used as a cleaner and disinfectant in food processing units. Vinyl acetate, a derivative of Acetic Acid, is used as a coating in plastic films for food packaging and as a modifier of food starch.
Adhesives are used in automobiles for various applications. It is used in assembling windshields, brakes, thread lockers, and other interior and exterior applications.
Moreover, 99.5% concentrated Acetic Acid, referred to as glacial Acetic Acid, is widely used in industrial applications as a solvent to produce other chemical products. When used in a lower concentration, it is used as a disinfectant to clean kitchen countertops, bathrooms, or lavatories.
Further, in the pharmaceutical industry, Acetic Acid is used as an intermediate chemical to manufacture active pharmaceutical ingredients such as vitamins, antibiotics, hormones, etc.
Figure 3: Global Acetic Acid Market by End-use industry in 2021
Insights on Region
Asia-Pacific dominates the Acetic Acid market, with China, Japan, and India being the key countries. This can be attributed to the increasing demand for Acetic Acid from end-use industries such as plastics and polymers, food and beverage, adhesives, paints and coatings, and healthcare.
The region is also witnessing increasing demand for adhesives, paints, and coatings from the construction industry, which is projected to boost the market for end-use products of Acetic Acid positively.
Moreover, India is witnessing strong growth in the printing ink market due to the rise in demand from package printing, newsprint, publishing, and other commercial printing sectors, which are expected to drive the demand for Acetic Acid during the forecast period.
North America was the second-largest market for Acetic Acid globally in terms of volume. The growing demand from the food and beverage industry in the U.S., Canada, and Mexico is expected to boost the market positively. Additionally, the increasing demand for Ethanol, a derivative of Acetic Acid in the U.S. automotive sector, is likely to increase the chemical consumption during the forecast period.
Figure 4: Global Acetic Acid Market by Region in 2021
Insights on Key Markets:
The Chinese market was valued at US$4.5 billion in 2021. This can be attributed to the growing demand of glacial acetic acid in the industrial sector in China.
Meanwhile, the U.S. market was valued at US$1.5 billion in 2021. Increasing demand for acetic acid in automobile sector in the country would contribute to the growth of the U.S. Acetic Acid market.
Figure 5: Global Acetic Acid Market by Key Countries in 2021
Market Trends
Trend
Investment in new separation technologies by major Acetic Acid manufacturers is expected to increase their plants' production output and improve cost-efficiency. For instance, Celanese, one of the world's largest Acetic Acid manufacturers, has developed proprietary manufacturing technology, AOPlus, to increase the production capacity of its manufacturing units.
Meanwhile, manufacturers are also focusing on developing new methods of Acetic Acid production, apart from bacterial fermentation and synthetic techniques. Other Acetic Acid production methods include Acetaldehyde or Ethylene Oxidation, Oxidative or Anaerobic Fermentation, and Methanol Carbonylation. These enhancements in production methods are expected to create more opportunities for the market players.
Drivers
The growing demand from Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) producers is expected to be a key driver for the market. A significant portion of Acetic Acid is used in producing VAM, which is further used to manufacture Polyvinyl Acetate, one of the main ingredients of the paints and coatings industry. The growing demands of paints and coatings from various end-use industries drive the Acetic Acid market growth. Meanwhile, increasing demand for Polyester, a PTA derivative, from the textile and packaging industry is also expected to boost market growth.
Besides, diluted Acetic Acid is often used as a descaling agent and as a condiment and acidity regulator in the food and beverages industry, which is expected to driver the market positively.
Opportunities
The rise in construction activities in the Middle Eastern countries and emerging economies of Asia Pacific is expected to remain a vital factor driving the market growth. The increasing inflow of foreign and domestic investments to set up commercial and residential projects and industrial units is expected to drive the demand for paints, coatings, and adhesives, which will boost the demand for Acetic Acid.
Challenges
The European Chemical Agency has categorized Acetic Acid as potentially hazardous to human health. Direct exposure to Acetic Acid can cause severe eye damage, skin burns, irritation, and corrosive damage. Acetic Acid based products such as Vinegar is reactive, and when mixed with bleach, releases toxic Chlorine gas. Acetic Acid is released into the environment through industrial discharges and emissions, burning of plastic or rubber, and even from vehicular fumes. Growing environmental and health concerns due to the detrimental effects of Acetic Acid may negatively affect the market growth.
COVID-19 Impact
The global Acetic Acid market was adversely affected due to the COVID-19 pandemic due to a sudden fall in demand from major end-use industries and supply chain bottlenecks caused by border closures and strict lockdowns. The decline in demand for paints, adhesives, and coatings and the indefinite halt in construction activities globally negatively impacted the demand for Acetic Acid.
However, as the world emerges from the worst phase of the pandemic, Acetic Acid demand from end-use industries such as textiles, food and beverage, automotive, and construction is expected to reach pre-pandemic levels.
Key Companies
The key companies operating in this market are Celanese Corporation, DuPont Corporation, BP Plc., Eastman Chemical Co., Daicel Corporation, Shandong Hualu-Hengsheng Chemical Co. Ltd., LyondellBasell Industries N.V., Yankuang Cathay Coal Chemicals Co. Ltd., and Jiangsu Sopo Co. Ltd.
Development
In January 2021, INEOS acquired BP’s global Aromatics & Acetyls business, comprising of 15 production sites globally and 10 joint ventures, to further strengthen its geographic reach and enhance its product portfolio.
In June 2020, Celanese Corporation and Southwest Institute of Chemical Co. Ltd signed an agreement to develop large-scale Acetic Acid manufacturing using Acetic Acid as key raw material in June 2020.
Scope of the Global Acetic Acid report
This report provides analysis of the latest industry trends and estimates revenue and volume growth at global, regional, and country levels. For this report, ChemIntel360 has segmented the global Acetic Acid market based on application, end use and region.
Insights on Application (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Vinyl Acetate Monomer
- Purified Terephthalic Acid
- Acetate Esters
- Acetic Anhydride
- Others
Insights on End-use (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Plastics and Polymers
- Food and Beverage
- Adhesives
- Paints and Coatings
- Chemicals
- Textiles
- Healthcare
- Others
Insights on Regional market (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary methodology
1.7 Data collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 impact
Chapter 2: Market Overview
2.1 Introduction
2.2 Covid impact on the market
2.3 Market Dynamics
2.3.1 Drivers
2.3.2 Restraints
2.3.3 Opportunities
2.3.4 Challenges
2.4 Key Players
2.5 Trends
2.6 Recent Developments
Chapter-3: Segment Analysis
3.1.1 Market overview, 2018-2029 (US$ Billion)
3.1.2 Market overview, 2018-2029 (Million tons)
3.2.1 Acetic acid market: Vinyl acetate (US$ billion)
3.2.2 Acetic acid market: Vinyl acetate (Million tons)
3.3.1 Acetic acid market: Purified Terephthalic Acid (PTA) (US$ billion)
3.3.2 Acetic acid market: Purified Terephthalic Acid (PTA) (Million tons)
3.4.1 Acetic acid market: Acetate esters (US$ billion)
3.4.2 Acetic acid market: Acetate esters (US$ Million tons)
3.5.1 Acetic acid market: Acetic anhydride (US$ billion)
3.5.2 Acetic acid market: Acetic anhydride (Million tons)
3.6.1 Acetic acid market: Others (US$ billion)
3.6.2 Acetic acid market: Others (Million tons)
Chapter-4: Regional Analysis
4.1 Market overview, 2018-2029
4.2.1 Market overview, 2018-2029 (US$ Billion)
4.2.2 Market overview, 2018-2029 (Million tons)
4.3.1 Acetic acid market: Asia Pacific (US$ billion)
4.3.2 Acetic acid market: Asia Pacific (Million tons)
4.4.1 Acetic acid market: North America (US$ billion)
4.4.2 Acetic acid market: North America (US$ billion)
4.5.1 Acetic acid market: Europe (US$ billion)
4.5.2 Acetic acid market: Europe (Million tons)
4.6.1 Acetic acid market: South America (US$ billion)
4.6.2 Acetic acid market: South America (Million tons)
4.7.1 Acetic acid market: Middle East & Africa (US$ billion)
4.7.2 Acetic acid market: Middle East & Africa (Million tons)
Chapter-5: Regional market Analysis by Application
5.1 Acetic acid regional market application composition
5.1.1 Acetic acid market: APAC Purified Terephthalic Acid (PTA) (US$ billion)
5.1.2 Acetic acid market: APAC Purified Terephthalic Acid (PTA) (Million Tons)
5.2.1 Acetic acid market: APAC Acetate esters (US$ billion)
5.2.2 Acetic acid market: APAC Acetate esters (Million Tons)
5.3.1 Acetic acid market: APAC Vinyl acetate (US$ billion)
5.3.2 Acetic acid market: APAC Vinyl acetate (Million Tons)
5.4.1 Acetic acid market: APAC Acetic anhydride (US$ billion)
5.4.2 Acetic acid market: APAC Acetic anhydride (Million Tons)
5.5.1 Acetic acid market: APAC others (US$ billion)
5.5.2 Acetic acid market: APAC others (Million Tons)
5.6.1 Acetic acid market: North America Acetate esters (US$ billion)
5.6.2 Acetic acid market: North America Acetate esters (Million Tons)
5.7.1 Acetic acid market: North America Purified Terephthalic Acid (PTA) (US$ billion)
5.7.2 Acetic acid market: North America Purified Terephthalic Acid (PTA) (Million Tons)
5.8.1 Acetic acid market: North America Vinyl acetate (US$ billion)
5.8.2 Acetic acid market: North America Vinyl acetate (Million Tons)
5.9.1 Acetic acid market: North America Acetic anhydride (US$ billion)
5.9.2 Acetic acid market: North America Acetic anhydride (Million Tons)
5.10.1 Acetic acid market: North America others (US$ billion)
5.10.2 Acetic acid market: North America others (Million Tons)
5.11.1 Acetic acid market: Europe Acetate esters (US$ billion)
5.11.2 Acetic acid market: Europe Acetate esters (Million Tons)
5.12.1 Acetic acid market: Europe Purified Terephthalic Acid (PTA) (US$ billion)
5.12.2 Acetic acid market: Europe Purified Terephthalic Acid (PTA) (Million Tons)
5.13.1 Acetic acid market: Europe Vinyl acetate (US$ billion)
5.13.2 Acetic acid market: Europe Vinyl acetate (Million Tons)
5.14.1 Acetic acid market: Europe Acetic anhydride (US$ billion)
5.14.2 Acetic acid market: Europe Acetic anhydride (Million Tons)
5.15.1 Acetic acid market: Europe others (US$ billion)
5.15.2 Acetic acid market: Europe others (Million Tons)
5.16.1 Acetic acid market: South America Acetate esters (US$ billion)
5.16.2 Acetic acid market: South America Acetate esters (Million Tons)
5.17.1 Acetic acid market: South America Purified Terephthalic Acid (PTA) (US$ billion)
5.17.2 Acetic acid market: South America Purified Terephthalic Acid (PTA) (Million Tons)
5.18.1 Acetic acid market: South America Vinyl acetate (US$ billion)
5.18.2 Acetic acid market: South America Vinyl acetate (Million Tons)
5.19.1 Acetic acid market: South America Acetic anhydride (US$ billion)
5.19.2 Acetic acid market: South America Acetic anhydride (Million Tons)
5.20.1 Acetic acid market: South America others (US$ billion)
5.20.2 Acetic acid market: South America others (Million Tons)
5.21.1 Acetic acid market: Middle east& Africa Acetate esters (US$ billion)
5.21.2 Acetic acid market: Middle east& Africa Acetate esters (Million Tons)
5.22.1 Acetic acid market: middle east& Africa Purified Terephthalic Acid (PTA) (US$ billion)
5.22.2 Acetic acid market: Middle east& Africa Purified Terephthalic Acid (PTA) (Million Tons)
5.23.1 Acetic acid market: Middle east& Africa Vinyl acetate (US$ billion)
5.23.2 Acetic acid market: Middle east& Africa Vinyl acetate (Million Tons)
5.24.1 Acetic acid market: Middle east& Africa Acetic anhydride (US$ billion)
5.24.2 Acetic acid market: Middle east& Africa Acetic anhydride (Million Tons)
5.25.1 Acetic acid market: Middle east & Africa others (US$ billion)
5.25.2 Acetic acid market: Middle east & Africa others (Million Tons)
Chapter-6: Key Markets Analysis
6.1 Acetic acid key market size composition
6.1.1 Market overview, 2018-2029 (US$ Billion)
6.1.2 Market overview, 2018-2029 (million tons)
6.2.1 Acetic acid market: US, North America (US$ billion)
6.2.2 Acetic acid market: US, North America (Million Tons)
6.3.1 Acetic acid market: Canada, North America (US$ billion)
6.3.2 Acetic acid market: Canada, North America (Million Tons)
6.4.1 Acetic acid market: Mexico, North America (US$ billion)
6.4.2 Acetic acid market: Mexico, North America (Million Tons)
6.5.1 Acetic acid market: Germany, Europe (US$ billion)
6.5.2 Acetic acid market: Germany, Europe (Million Tons)
6.6.1 Acetic acid market: Italy, Europe (US$ billion)
6.6.2 Acetic acid market: Italy, Europe (Million Tons)
6.7.1 Acetic acid market: France, Europe (US$ billion)
6.7.2 Acetic acid market: France, Europe (Million Tons)
6.8.1 Acetic acid market: China, Asia Pacific (US$ billion)
6.8.2 Acetic acid market: China, Asia Pacific (Million Tons)
6.9.1 Acetic acid market: India, Asia Pacific (US$ billion)
6.9.2 Acetic acid market: India, Asia Pacific (Million Tons)
6.10.1 Acetic acid market: Japan, Asia Pacific (US$ billion)
6.10.2 Acetic acid market: Japan, Asia Pacific (Million Tons)
6.11.1 Acetic acid market: Brazil, South America (US$ billion)
6.11.2 Acetic acid market: Brazil, South America (Million Tons)
6.12.1 Acetic acid market: Argentina, South America (US$ billion)
6.12.2 Acetic acid market: Argentina, South America (Million Tons)
6.13.1 Acetic acid market: Colombia, South America (US$ billion)
6.13.2 Acetic acid market: Colombia, South America (Million Tons)
6.14.1 Acetic acid market: South Africa, Middle east& Africa (US$ billion)
6.14.2 Acetic acid market: South Africa, Middle east& Africa (Million Tons)
6.15.1 Acetic acid market: UAE, Middle east& Africa (US$ billion)
6.15.2 Acetic acid market: UAE, Middle east& Africa (Million Tons)
6.16.1 Acetic acid market: Saudi Arabia, Middle east& Africa (US$ billion)
6.16.2 Acetic acid market: Saudi Arabia, Middle east& Africa (Million Tons)
Chapter 7: Company Profile
7.1 Celanese Corporation
7.2 DuPont Corporation
7.3 BP Plc
7.4 Eastman Chemical Co
7.5 Daicel Corporation
7.6 Shandong Hualu-Hengsheng Chemical Co. Ltd.
7.7 LyondellBasell Industries N.V.
7.8 Yankuang Cathay Coal Chemicals Co. Ltd.
7.9 Jiangsu Sopo Co. Ltd
Appendix
Glossary of terms
Disclaimer
About Us
List of Tables
Table 1: By value: Acetic acid market by application during 2018-2029 in US$ billion
Table 2: By volume: Acetic acid market by segment during 2018-2029 in million tons
Table 3: By value: Acetic acid Market by region during 2018-2029 in US$ Billion
Table 4: By volume: Acetic acid Market by region during 2018-2029 in
Million tons
Table 5: By Value: key Acetic acid markets in US$ Billion
Table 6: By Volume: key Acetic acid markets in million tons
List of Figures
Figure 1: By value: Acetic acid market segment share during 2018-2029 in %
Figure 2: By volume: Acetic acid market segment share during 2018-2029 in %
Figure 3: By value: Share of Vinyl acetate in Acetic acid market during 2018-2029 in %
Figure 4: By value: Vinyl acetate in Acetic acid market during 2018-2029 in US$ Billion
Figure 5: By volume: Share of Vinyl acetate market during 2018-2029 in %
Figure 6: By volume: Vinyl acetate market during 2018-2029 in million tons
Figure 7: By value: Share of Purified Terephthalic Acid (PTA) market during 2018-2029 in %
Figure 8: By value: Purified Terephthalic Acid (PTA) market during 2018-2029 in US$ Billion
Figure 9: By volume: Share of Purified Terephthalic Acid (PTA) market during 2018-2029 in %
Figure 10: By volume: Purified Terephthalic Acid (PTA) market during 2018-2029
in million tons
Figure 11: By value: Share of Acetate esters market during 2018-2029 in %
Figure 12: By value: Acetate esters market during 2018-2029 in US$ Billion
Figure 13: By volume: Share of Acetate esters market during 2018-2029 in %
Figure 14: By volume: Acetate esters market during 2018-2029 in million tons
Figure 15: By value: Share of Acetic anhydride market during 2018-2029 in %
Figure 16: By value: Acetic anhydride market during 2018-2029 in US$ Billion
Figure 17: By volume: Share of Acetic anhydride market during 2018-2029 in %
Figure 18: By volume: Acetic anhydride market during 2018-2029 in million tons
Figure 23: By value: Others market during 2018-2029 in US$ Billion
Figure 24: By value: Share of Others market during 2018-2029 in %
Figure 25: By volume: Others market during 2018-2029 in million tons
Figure 26: By volume: Others market during 2018-2029 in million tons
Figure 27: By Value: key Acetic acid regional markets in US$ Billion
Figure 28: By Volume: key Acetic acid regional markets in million tons
Figure 29: By value: Acetic acid market region share during 2018-2029 in %
Figure 30: By volume: Acetic acid market region share during 2018-2029 in %
Figure 31: By value: Share of Asia Pacific market during 2018-2029 in %
Figure 32: By value: Asia Pacific market during 2018-2029 in US$ Billion
Figure 33: By volume: Share of Asia Pacific market during 2018-2029 in %
Figure 34: By volume: APAC market during 2018-2029 in million tons
Figure 35: By value: Share of North America market during 2018-2029 in %
Figure 36: By value: North America market during 2018-2029 in US$ Billion
Figure 37: By volume: Share of North America market during 2018-2029 in %
Figure 38: By volume: North America market during 2018-2029 in million tons
Figure 39: By value: Share of Europe market during 2018-2029 in
Figure 40: By value: Europe market during 2018-2029 in US$ Billion
Figure 41: By volume: Share of Europe market during 2018-2029 in %
Figure 42: By volume: Europe market during 2018-2029 in million tons
Figure 43: By value: Share of South America market during 2018-2029 in %
Figure 44: By value: South America market during 2018-2029 in US$ Billion
Figure 45: By volume: Share of South America market during 2018-2029 in %
Figure 46: By volume: South America market during 2018-2029 in million tons
Figure 47: By value: Share of middle east& Africa market during 2018-2029 in %
Figure 48: By value: Middle east& Africa market during 2018-2029 in US$ Billion
Figure 49: By volume: Share of Middle east& Africa market during
2018-2029 in %
Figure 50: By volume: Middle east& Africa market during 2018-2029
in million tons
Figure 51: By value: Share of APAC Purified Terephthalic Acid (PTA) market during 2018-2029 in %
Figure 52: By value: APAC Purified Terephthalic Acid (PTA) market during 2018-2029 in US$ Billion
Figure 53: By volume: Share of APAC Purified Terephthalic Acid (PTA) market during 2018-2029 in %
Figure 54: By volume: APAC Purified Terephthalic Acid (PTA) market during 2018-2029 in million tons
Figure 55: By value: Share of APAC Acetate esters market during 2018-2029 in %
Figure 56: By value: APAC Acetate esters market during 2018-2029 in US$ Billion
Figure 57: By volume: Share of APAC Acetate esters market during 2018-2029 in %
Figure 58: By volume: APAC Acetate esters market during 2018-2029 in million tons
Figure 59: By value: Share of APAC Vinyl acetate market during 2018-2029 in %
Figure 60: By value: APAC Vinyl acetate market during 2018-2029 in US$ Billion
Figure 61: By volume: Share of APAC Vinyl acetate market during 2018-2029 in %
Figure 62: By volume: APAC Vinyl acetate market during 2018-2029 in million tons
Figure 63: By value: Share of APAC Acetic anhydride market during 2018-2029 in %
Figure 64: By value: APAC Acetic anhydride market during 2018-2029 in US$ Billion
Figure 65: By volume: Share of APAC Acetic anhydride market during 2018-2029 in %
Figure 66: By volume: APAC Acetic anhydride market during 2018-2029 in million tons
Figure 71: By value: Share of APAC others market during 2018-2029 in %
Figure 72: By value: APAC others market during 2018-2029 in US$ Billion
Figure 73: By volume: Share of APAC others market during 2018-2029 in %
Figure 74: By volume: APAC others market during 2018-2029 in million tons
Figure 75: By value: Share of North America Acetate esters market during 2018-2029 in %
Figure 76: By value: North America Acetate esters market during 2018-2029 in US$ Billion
Figure 77: By volume: Share of North America Acetate esters market during 2018-2029 in %
Figure 78: By volume: North America Acetate esters market during 2018-2029 in million tons
Figure 79: By value: Share of North America Purified Terephthalic Acid (PTA)
market during 2018-2029 in %
Figure 80: By value: North America Purified Terephthalic Acid (PTA) market during
2018-2029 in US$ Billion
Figure 81: By volume: Share of North America Purified Terephthalic Acid (PTA)
market during 2018-2029 in %
Figure 82: By volume: North America Purified Terephthalic Acid (PTA) market
during 2018-2029 in million tons
Figure 83: By value: Share of North America Vinyl acetate market
during 2018-2029 in %
Figure 84: By value: North America Vinyl acetate market during 2018-2029
in US$ Billion
Figure 85: By volume: Share of North America Vinyl acetate market during
2018-2029 in %
Figure 86: By volume: North America Vinyl acetate market during 2018-2029
in million tons
Figure 87: By value: Share of North America Acetic anhydride market during
2018-2029 in %
Figure 88: By value: North America Acetic anhydride market during 2018-2029
in US$ Billion
Figure 89: By volume: Share of North America Acetic anhydride market during
2018-2029 in %
Figure 90: By volume: North America Acetic anhydride market during 2018-2029
in million tons
Figure 95: By value: North America others market during 2018-2029 in %
Figure 96: By value: North America others market during 2018-2029
in US$ Billion
Figure 97: By volume: Share of North America others market during
2018-2029 in %
Figure 98: By volume: North America others market during 2018-2029
in million tons
Figure 99: By value: Share of Europe Acetate esters market during 2018-2029 in %
Figure 100: By value: Europe Acetate esters market during 2018-2029 in US$ Billion
Figure 101: By volume: Share of Europe Acetate esters market during 2018-2029 in %
Figure 102: By volume: Europe Acetate esters market during 2018-2029 in million tons
Figure 103: By value: Share of Europe Purified Terephthalic Acid (PTA) market during
2018-2029 in %
Figure 104: By value: Europe Purified Terephthalic Acid (PTA) market during 2018-2029
in US$ Billion
Figure 105: By volume: Share of Europe Purified Terephthalic Acid (PTA) market
during 2018-2029 in %
Figure 106: By volume: Europe Purified Terephthalic Acid (PTA) market during
2018-2029 in million tons
Figure 107: By value: Share of Europe Vinyl acetate market during 2018-2029 in %
Figure 108: By value: Europe Vinyl acetate market during 2018-2029 in US$ Billion
Figure 109: By volume: Share of Europe Vinyl acetate market during
2018-2029 in %
Figure 110: By volume: Europe Vinyl acetate market during 2018-2029
in million tons
Figure 111: By value: Share of Europe Acetic anhydride market during
2018-2029 in %
Figure 112: By value: Europe Acetic anhydride market during 2018-2029
in US$ Billion
Figure 113: By volume: Share of Europe Acetic anhydride market during
2018-2029 in %
Figure 114: By volume: Europe Acetic anhydride market during 2018-2029
in million tons
Figure 115: By value: Share of Europe others market during 2018-2029 in %
Figure 116: By value: Europe others market during 2018-2029 in US$ Billion
Figure 117: By volume: Share of Europe others market during 2018-2029 in %
Figure 118: By volume: Europe others market during 2018-2029 in million tons
Figure 119: By value: Share of South America Acetate esters market during
2018-2029 in %
Figure 120: By value: South America Acetate esters market during 2018-2029
in US$ Billion
Figure 121: By volume: Share of South America Acetate esters market during
2018-2029 in %
Figure 122: By volume: South America Acetate esters market during 2018-2029
in million tons
Figure 123: By value: Share of South America PurifiedTerephthalic Acid (PTA)
market during 2018-2029 in %
Figure 124: By value: South America PurifiedTerephthalic Acid (PTA) market
during 2018-2029 in US$ Billion
Figure 125: By volume: Share of South America PurifiedTerephthalic Acid (PTA)
market during 2018-2029 in %
Figure 126: By volume: South America PurifiedTerephthalic Acid (PTA) market
during 2018-2029 in million tons
Figure 127: By value: Share of South America Vinyl acetate market
during 2018-2029 in %
Figure 128: By value: Share of South America Vinyl acetate market
during 2018-2029 in million tons
Figure 129: By volume: Share of South America Vinyl acetate market
during 2018-2029 in %
Figure 130: By volume: South America Vinyl acetate market during
2018-2029 in million tons
Figure 131: By value: Share of South America Acetic anhydride market
during 2018-2029 in %
Figure 132: By value: South America Acetic anhydride market during 2018-2029
in US$ Billion
Figure 133: By volume: Share of South America Acetic anhydride market
during 2018-2029 in %
Figure 134: By volume: South America Acetic anhydride market during
2018-2029 in million tons
Figure 135: By value: Share of South America others market during
2018-2029 in %
Figure 136: By value: South America others market during 2018-2029
in US$ Billion
Figure 137: By volume: Share of South America others market during 2018-2029
in %
Figure 138: By volume: South America others market during 2018-2029
in million tons
Figure 139: By value: Share of Middle east & Africa Acetate esters market during
2018-2029 in %
Figure 140: By value: Middle east& Africa Acetate esters market during 2018-2029
in US$ Billion
Figure 141: By volume: Share of Middle east & Africa Acetate esters market during
2018-2029 in %
Figure 142: By volume: Middle east& Africa Acetate esters market during
2018-2029 in million tons
Figure 143: By value: Share of Middle east& Africa Purified Terephthalic Acid (PTA)
market during 2018-2029 in %
Figure 144: By value: Middle east& Africa Purified Terephthalic Acid (PTA) market
during 2018-2029 in US$ Billion
Figure 145: By volume: Share of Middle east& Africa Purified Terephthalic Acid (PTA)
market during 2018-2029 in %
Figure 146: By volume: Middle east& Africa Purified Terephthalic Acid (PTA) market
during 2018-2029 in million tons
Figure 147: By value: Share of Middle east& Africa Vinyl acetate market
during 2018-2029 in %
Figure 148: By value: Middle east& Africa Vinyl acetate market during
2018-2029 in million tons
Figure 149: By volume: Share of Middle east& Africa Vinyl acetate
market during 2018-2029 in %
Figure 150: By volume: Middle east& Africa Vinyl acetate market during
2018-2029 in million tons
Figure 151: By value: Share of Middle east& Africa Acetic anhydride market
during 2018-2029 in %
Figure 152: By value: Middle east& Africa Acetic anhydride market during
2018-2029 in US$ Billion
Figure 153: By volume: Share of Middle east& Africa Acetic anhydride
market during 2018-2029 in %
Figure 154: By volume: Middle east& Africa Acetic anhydride market during
2018-2029 in million tons
Figure 155: By value: Share of Middle east& Africa others market during
2018-2029 in %
Figure 156: By value: Middle east& Africa others market during 2018-2029
in US$ Billion
Figure 157: By volume: Share of Middle east& Africa others market during
2018-2029 in %
Figure 158: By volume: Middle east& Africa others market during
2018-2029 in million tons
Figure 159: By Value: key Acetic acid regional markets in US$ billion
Figure 160: By Value: key Acetic acid regional markets in million tons
Figure 161: By value: Share of US market during 2018-2029 in %
Figure 162: By value: US market during 2018-2029 in US$ Billion
Figure 163: By volume: Share of US market during 2018-2029 in %
Figure 164: By volume: US market during 2018-2029 in million tons
Figure 165: By value: Share of Canada market during 2018-2029 in %
Figure 166: By value: Canada market during 2018-2029 in US$ Billion
Figure 167: By volume: Share of Canada market during 2018-2029 in %
Figure 168: By volume: Canada market during 2018-2029 in million tons
Figure 169: By value: Share of Mexico market during 2018-2029 in %
Figure 170: By value: Mexico market during 2018-2029 in US$ Billion
Figure 171: By volume: Share of Mexico market during 2018-2029 in %
Figure 172: By volume: Mexico market during 2018-2029 in million tons
Figure 173: By value: Share of Germany market during 2018-2029 in %
Figure 174: By value: Germany market during 2018-2029 in US$ Billion
Figure 175: By volume: Share of Germany market during 2018-2029 in %
Figure 176: By volume: Germany market during 2018-2029 in million tons
Figure 177: By value: Share of Italy market during 2018-2029 in %
Figure 178: By value: Italy market during 2018-2029 in US$ Billion
Figure 179: By volume: Share of Italy market during 2018-2029 in %
Figure 180: By volume: Italy market during 2018-2029 in million tons
Figure 181: By value: Share of France market during 2018-2029 in %
Figure 182: By value: France market during 2018-2029 in US$ Billion
Figure 183: By volume: Share of France market during 2018-2029 in %
Figure 184: By volume: France market during 2018-2029 in million tons
Figure 185: By value: Share of China market during 2018-2029 in %
Figure 186: By value: China market during 2018-2029 in US$ Billion
Figure 187: By volume: Share of China market during 2018-2029 in %
Figure 188: By volume: China market during 2018-2029 in million tons
Figure 189: By value: Share of India market during 2018-2029 in %
Figure 190: By value: India market during 2018-2029 in US$ Billion
Figure 203: By volume: Share of India market during 2018-2029 in %
Figure 204: By volume: India market during 2018-2029 in million tons
Figure 191: By value: Share of Japan market during 2018-2029 in %
Figure 192: By value: Japan market during 2018-2029 in US$ Billion
Figure 193: By volume: Share of Japan market during 2018-2029 in %
Figure 194: By volume: Japan market during 2018-2029 in million tons
Figure 195: By value: Share of Brazil market during 2018-2029 in %
Figure 196: By value: Brazil market during 2018-2029 in US$ Billion
Figure 197: By volume: Share of Brazil market during 2018-2029 in %
Figure 198: By volume: Brazil market during 2018-2029 in million tons
Figure 199: By value: Share of Argentina market during 2018-2029 in %
Figure 200: By value: Argentina market during 2018-2029 in US$ Billion
Figure 201: By volume: Share of Argentina market during 2018-2029 in %
Figure 202: By volume: Argentina market during 2018-2029 in million tons
Figure 203: By value: Share of Colombia market during 2018-2029 in %
Figure 204: By value: Colombia market during 2018-2029 in US$ Billion
Figure 205: By volume: Share of Colombia market during 2018-2029 in %
Figure 206: By volume: Colombia market during 2018-2029 in million tons
Figure 207: By value: Share of South Africa market during 2018-2029 in %
Figure 208: By value: South Africa market during 2018-2029 in US$ Billion
Figure 209: By volume: Share of South Africa market during 2018-2029 in %
Figure 210: By volume: South Africa market during 2018-2029 in million tons
Figure 211: By value: Share of UAE market during 2018-2029 in %
Figure 212: By value: UAE market during 2018-2029 in US$ Billion
Figure 213: By volume: Share of UAE market during 2018-2029 in %
Figure 214: By volume: UAE market during 2018-2029 in million tons
Figure 215: By value: Share of Saudi Arabia market during 2018-2029 in %
Figure 216: By value: Saudi Arabia market during 2018-2029 in US$ Billion
Figure 217: By volume: Share of Saudi Arabia market during 2018-2029 in %
Figure 218: By volume: Saudi Arabia market during 2018-2029 in million tons
Figure 219: Celanese Corporation
Figure 220: DuPont Corporation
Figure 221: BP Plc
Figure 222: Eastman Chemical Co
Figure 223: Daicel Corporation
Figure 224: Shandong Hualu-Hengsheng Chemical Co. Ltd.
Figure 225: LyondellBasell Industries N.V.
Figure 226: Yankuang Cathay Coal Chemicals Co. Ltd.
Figure 227: Jiangsu Sopo Co. Ltd
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
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| Report Parameters | Details |
|---|---|
| Time Period Considered | 2018-2029 |
| Historical Period | 2018-2021 |
| Forecast Period | 2022-2029 |
| Units considered | Volume in kilotons, revenue in US$ million/billion |
| Report Coverage | Value/Revenue forecast, competitive landscape, drivers, challenges, opportunities, and trends |
| COVID-19 | Impact of the COVID-19 pandemic has been factored in the revenue estimations, trends, and drivers |
| Segments | By Application By End-use By Region |
| Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
| Companies Profiled | Celanese Corporation, DuPont Corporation, BP Plc., Eastman Chemical Co., Daicel Corporation, Shandong Hualu-Hengsheng Chemical Co. Ltd., LyondellBasell Industries N.V., Yankuang Cathay Coal Chemicals |
The global Acetic Acid market size was estimated at US$13.4 billion in 2021 and is expected to reach US$14.1 billion in 2022.
The global Acetic Acid market is expected to grow at a compound annual growth rate of 4.2% from 2022 to 2029 to reach US$18.8 billion by 2029.
In 2021, Asia Pacific region led the Acetic Acid market in 2021 with a share of 69.2%.
Vinyl Acetate Monomer segment led the Acetic Acid market with a market share of 35% in 2021.
Some key players operating in the Acetic Acid market include Celanese Corporation, DuPont Corporation, BP Plc., Eastman Chemical Co., Daicel Corporation, Shandong Hualu-Hengsheng Chemical Co. Ltd., LyondellBasell Industries N.V., Yankuang Cathay Coal Chemicals Co. Ltd., and Jiangsu Sopo Co. Ltd.
Key factors that are driving the Acetic Acid market growth include the growing demand from Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) producers is expected to be a key driver for the market. In addition, increased use of Acetic acid in the production of intermediates in the pharmaceutical sector would support the growth of the market.