The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global acetic acid market reached a value of US$ 10.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.5 Billion by 2027, exhibiting at a CAGR of 6.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Acetic acid (CH3COOH), also known as ethanoic acid or methane carboxylic acid, refers to a colorless organic compound which has a strong, sour and pungent smell. It is one of the most important chemical reagents and industrial chemicals that is employed in the production of metal acetates, vinyl acetate, cellulose acetate, and volatile organic esters like ethyl and butyl acetates. Apart from this, the diluted form of acetic acid, produced by the fermentation and oxidation of natural carbohydrates, is widely used as a cleaning agent in households.
IMARC Group provides an analysis of the key trends in each sub-segment of the global acetic acid market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on application and end-use.
Breakup by Application:
On the basis of applications, the market is segregated as VAM, PTA, Anhydride, Ethyl Acetate, Butyl Acetate and others. Amongst this, VAM represented the largest end-use segment of acetic acid as it is used in the manufacturing of numerous polymers and resins used in textiles, paints, coatings and adhesives.
Breakup by End-Use:
Based on end-use, the market is categorized as plastics and polymers; food and beverage; inks, paints and coatings; chemicals; pharmaceuticals and others.
On a geographical front, China enjoys the leading position in the global acetic acid market. Acetic acid is one of the vital organic acids which is extensively used in the chemical industry in China. Other markets include North America, North East Asia, Western/Eastern Europe, South East Asia, and Middle East and Africa.
The market is fragmented in nature with the presence of a large number of players who compete against each other in terms of prices and quality. Some of the leading players operating in the market include:
The report provides a comprehensive insight into the global acetic acid industry including its market breakup by region, market breakup by end-uses, SWOT analysis, Porter’s five forces analysis, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of acetic acid covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials requirements, etc.
The essential aspects of the global acetic acid market evaluated in the report include:
|Base Year of the Analysis||2021|
|Units||US$ Billion, Million Tons|
|Segment Coverage||Application, End-Use, Region|
|Region Covered||China, North America, Western/Eastern Europe, North East Asia, South East Asia, Middle East & Africa|
|Companies Covered||British Petroleum Plc, Celanese Corporation, Daicel Corporation, Eastman Chemical Company, GNFC Limited, HELM AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, PetroChina, SABIC, Showa Denko K.K., Sinopec, Svensk Etanolkemi AB (SEKAB) and Wacker Chemie AG|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global acetic acid market was valued at US$ 10.5 Billion in 2021.
We expect the global acetic acid market to exhibit a CAGR of 6.5% during 2022-2027.
The growing adoption of acetic acid in manufacturing vinegar as its consumption helps in reducing weight, maintaining blood pressure, and regulating blood sugar and cholesterol levels, is primarily driving the global acetic acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries and supply chain disruptions for acetic acid.
Based on the application, the global acetic acid market can be bifurcated into VAM, PTA, anhydride, ethyl acetate, butyl acetate, and others. Among these, VAM currently holds majority of the total global market.
On a regional level, the market has been classified into China, North America, North East Asia, Western/Eastern Europe, South East Asia, and Middle East and Africa, where China currently dominates the global market.
Some of the major players in the global acetic acid market include British Petroleum Plc, Celanese Corporation, Daicel Corporation, Eastman Chemical Company, GNFC Limited, HELM AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, PetroChina, SABIC, Showa Denko K.K., Sinopec, Svensk Etanolkemi AB (SEKAB), Wacker Chemie AG, etc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at