Acetic Acid Market Size, Growth, Report, Trends, Forecast 2027

Report Description

The global acetic acid market is anticipated to grow at an impressive rate through 2027. Methane carboxylic acid and ethanoic acid are known scientific names for acetic acid, a clear and colorless liquid with a pungent odor. The ordinary meaning of acetic acid is “vinegar,” which is very commonly used in the kitchen. The organic compound is made of a carbon atom, and “CH3COOH” is the chemical formula of acetic acid. According to the Department of Health Virginia, acetic acid is 33rd in number, one of the highest in volume among chemicals per production. Acetic acid is low reactive to other molecules in nature. Hence, it is widely used in different industries such as food, industrial purpose, chemical, pharmaceutical, and packaging industries. Therefore, the increase in the population increased the demand for the product and led to the rise in market share of the global acetic market in the projected year.

Growing Demand of Rising Population is Driving Market Share

A growing population means an increase in demand for the product which is needed in daily life. Acetic acid is less reactive than other acids but can react slowly in the long term. Thus, Acetic acid is used by many industries for the production of their final goods. Few products are demanded by many industries for the smooth production of goods. Acetic acid is one of them that is demanded by different industries. Acetic acid is used to manufacture sealants, greases, and polyester. These products are used by many industries, like textiles, packaging, automobiles, and electronics. Hence, there will be a positive impact on the global acetic acid market share.

Due to urbanization and modernization, lifestyle changes drastically, and leisure time is scarce. Thus, the demand for packed foods is increasing to fulfill the need and solve the problem. PET bottles are broadly used for packaging liquid drinks and food because they are flexible, recyclable, and lighter in weight. Industries need PTA (Purified Terephthalic Acid) to produce PET bottles extracted from acetic acid. There is a rise in the consumption of vinegar for curing health issues such as reducing weight, controlling blood pressure and cholesterol levels, and regulating blood sugar. Furthermore, use in medicinal packaging, industrial chemical, edible ingredient, textile compound, and other variables will propel the market share, and it is expected that the global acetic acid market will increase in the forecasted year.

Side-Effect of Acetic Acid on Health is Hindering the Market Growth

Acetic acid can be a hazardous chemical if not handled safely and properly. It is highly acidic when inhaled or contacted with sensitive organs and can lead to organ malfunction or damage. Apart From this, rising consumer awareness about the chemicals can hurdle its adoption rate. Thus, the number of consumers is shifting to a different alternative instead of vinyl acetate monomers. Hence, these factors are going to hurdle growth.

Increasing R&D to Find New Niche is Driving Share

Increasing R&D to find new uses for acetic acid-based products makes this market more attractive. Recently, many companies have set up their R&D plants around the globe to produce innovative products to be first and gain an advantage over this market, as it is expected that the market is going to experience impressive growth in the future. Celanese corporation and other corporations are working on developing new products to increase market revenue.

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Market Segmentation

The global acetic acid market is segmented based on application, and end user industry. Based on application type, market is divided into vinyl acetate monomer, purified terephthalic acid, acetate esters, ethanol, and others. Based on end user industry, market is divided into food & beverage, plastic & polymers, paints & coatings, pharmaceutical, and others, by company.

Market Players

Celanese Corporation, INEOS Group, Eastman Chemical Company, Jiangsu SOPO (Group) Co. Ltd, Daicel Corporation, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Helm AG, Pentoky Organy India Limited, Dow Chemicals Company, Indian Oil Corporation are the key players operating in the Global Acetic Acid Market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Application · End User Industry
Regional scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia;
Key companies profiled	Celanese Corporation, INEOS Group, Eastman Chemical Company, Jiangsu SOPO (Group) Co. Ltd, Daicel Corporation, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Helm AG, Pentoky Organy India Limited, Dow Chemicals Company, Indian Oil Corporation are the key players operating in the Global Acetic Acid Market.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Acetic Acid Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Acetic Acid Market, By Application Type:

Vinyl Acetate Monomer
Purified Terephthalic Acid
Acetate Esters
Ethanol
Others

Acetic Acid Market, By End User Industry:

Food & Beverage
Plastic & Polymers
Paints & Coatings
Pharmaceutical
Others

Acetic Acid Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
Australia
South Korea

Europe & CIS

Germany
France
United Kingdom
Spain
Italy

South America

Brazil
Argentina
Colombia

Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Acetic Acid Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Acetic Acid Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Acetic Acid Market

5. Impact of Russia-Ukraine War Crisis on Global Acetic Acid Market

6. Voice of Customer

7. Global Acetic Acid Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Application (Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Ethanol, Others)

7.2.2. By End User Industry (Food & Beverage, Plastic & Polymers, Paints & Coatings, Pharmaceutical, Others)

7.2.3. By Region

7.2.4. By Company (2021)

7.3. Product Market Map

8. North America Acetic Acid Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Application

8.2.2. By End User Industry

8.2.3. By Country

8.3. Pricing Analysis

8.4. North America: Country Analysis

8.4.1. United States Acetic Acid Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Application

8.4.1.2.2. By End User Industry

8.4.2. Mexico Acetic Acid Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Application

8.4.2.2.2. By End User Industry

8.4.3. Canada Acetic Acid Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Application

8.4.3.2.2. By End User Industry

9. Europe Acetic Acid Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Application

9.2.2. By End User Industry

9.2.3. By Country

9.3. Pricing Analysis

9.4. Europe: Country Analysis

9.4.1. France Acetic Acid Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Application

9.4.1.2.2. By End User Industry

9.4.2. Germany Acetic Acid Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Application

9.4.2.2.2. By End User Industry

9.4.3. United Kingdom Acetic Acid Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value & Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Application

9.4.3.2.2. By End User Industry

9.4.4. Italy Acetic Acid Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value & Volume

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Application

9.4.4.2.2. By End User Industry

9.4.5. Spain Acetic Acid Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value & Volume

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Application

9.4.5.2.2. By End User Industry

10. Asia-Pacific Acetic Acid Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Application

10.2.2. By End User Industry

10.2.3. By Country

10.3. Pricing Analysis

10.4. Asia-Pacific: Country Analysis

10.4.1. China Acetic Acid Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Application

10.4.1.2.2. By End User Industry

10.4.2. India Acetic Acid Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Application

10.4.2.2.2. By End User Industry

10.4.3. South Korea Acetic Acid Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Application

10.4.3.2.2. By End User Industry

10.4.4. Japan Acetic Acid Market Outlook

10.4.4.1. Market Size & Forecast

10.4.4.1.1. By Value & Volume

10.4.4.2. Market Share & Forecast

10.4.4.2.1. By Application

10.4.4.2.2. By End User Industry

10.4.5. Australia Acetic Acid Market Outlook

10.4.5.1. Market Size & Forecast

10.4.5.1.1. By Value & Volume

10.4.5.2. Market Share & Forecast

10.4.5.2.1. By Application

10.4.5.2.2. By End User Industry

11. South America Acetic Acid Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Application

11.2.2. By End User Industry

11.2.3. By Country

11.3. Pricing Analysis

11.4. South America: Country Analysis

11.4.1. Brazil Acetic Acid Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value & Volume

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Application

11.4.1.2.2. By End User Industry

11.4.2. Argentina Acetic Acid Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value & Volume

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Application

11.4.2.2.2. By End User Industry

11.4.3. Colombia Acetic Acid Market Outlook

11.4.3.1. Market Size & Forecast

11.4.3.1.1. By Value & Volume

11.4.3.2. Market Share & Forecast

11.4.3.2.1. By Application

11.4.3.2.2. By End User Industry

12. Middle East and Africa Acetic Acid Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value & Volume

12.2. Market Share & Forecast

12.2.1. By Application

12.2.2. By End User Industry

12.2.3. By Country

12.3. Pricing Analysis

12.4. MEA: Country Analysis

12.4.1. South Africa Acetic Acid Market Outlook

12.4.1.1. Market Size & Forecast

12.4.1.1.1. By Value & Volume

12.4.1.2. Market Share & Forecast

12.4.1.2.1. By Application

12.4.1.2.2. By End User Industry

12.4.2. Saudi Arabia Acetic Acid Market Outlook

12.4.2.1. Market Size & Forecast

12.4.2.1.1. By Value & Volume

12.4.2.2. Market Share & Forecast

12.4.2.2.1. By Application

12.4.2.2.2. By End User Industry

12.4.3. UAE Acetic Acid Market Outlook

12.4.3.1. Market Size & Forecast

12.4.3.1.1. By Value & Volume

12.4.3.2. Market Share & Forecast

12.4.3.2.1. By Application

12.4.3.2.2. By End User Industry

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends & Developments

15. Competitive Landscape

15.1. Celanese Corporation

15.2. INEOS Group

15.3. Eastman Chemical Company

15.4. Jiangsu SOPO (Group) Co. Ltd

15.5. Daicel Corporation

15.6. Gujarat Narmada Valley Fertilizers & Chemicals Limited

15.7. Helm AG

15.8. Pentoky Organy India Limited

15.9. Dow Chemicals Company

15.10. Indian Oil Corporation

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the global acetic acid market?

Increasing demand of rising population & rapid growth of the packaging industries is expected to drive the demand for the global acetic acid market.

Who are the top players operating in the global acetic acid market?

Who are the top players operating in the global acetic acid market? Celanese Corporation, INEOS Group, Eastman Chemical Company, Jiangsu SOPO (Group) Co. Ltd, Daicel Corporation, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Helm AG, Pentoky Organy India Limited, Dow Chemicals Company, Indian Oil Corporation are the key players operating in the Global Acetic Acid Market.

Which application type is expected to dominate the global acetic acid market in the forecast period?

Based on application type, market is divided into vinyl acetate monomer, purified terephthalic acid, acetate esters, ethanol, and others. Vinyl Acetate Monomer (VAM) segments are expected to capture the highest market share in the forecast period.

Which region is expected to account for the largest global acetic acid market share?

The Asia-Pacific region is dominating the market and is expected to maintain its dominance over the next five years.

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