North America Acetic Acid Market to Grow at 6.4% During 2025-2033, Propelled by the Rising Construction Activities

August 08, 2022 | Chemical & Materials

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The latest report by IMARC Group, titled “North America Acetic Acid Market Report by Application (VAM, PTA, Anhydride, Ethyl Acetate, Butyl Acetate, and Others), End-Use Industry (Plastics and Polymers, Food and Beverages, Inks, Paints and Coatings, Chemicals, Pharmaceuticals, and Others), and Country 2025-2033“, finds that the North America acetic acid market size reached USD 3.2 Billion in 2024. Acetic acid (CH₃COOH), also known as ethanoic acid, is an organic compound containing two carbons. It is a clear, colorless liquid possessing a strong, pungent odor. It can be obtained through carbonylation of methanol, oxidation of acetaldehyde and ethylene, and bacterial fermentation. It is used as a chemical reagent in the production of vinyl acetate monomers (VAMs), esters, and acetic anhydride. It is extensively used in manufacturing pesticides, wood glues, synthetic fibers, and inks and dyes. In recent years, acetic acid has gained traction due to its widespread application as a pH regulator in the textile industry, an acidity regulator in the food industry, and a solvent in the pharmaceutical industry.

North America Acetic Acid Market Trends:

One of the primary factors driving the market is the extensive utilization of acetic acid in numerous industries. For instance, it is employed in the production of sealants and adhesives used in the automotive industry. Additionally, an increase in the number of construction activities due to the rapidly growing population is boosting the demand for acetic acid and its derivatives as it is utilized in various construction products such as thinners, glues, and paints, thus creating a positive market outlook. Besides this, the widespread application of acetic acid for the early hydration of off-white Portland cement in North America is strengthening the market growth. Furthermore, its utilization in preparing vinegar that is used in various cuisines is propelling the market growth. Moreover, the adoption of new technologies, such as BP’s Cativa and Celanese’s AO-plus (Acid Optimization Plus), has resulted in increased production efficiency of acetic acid with reduced variable costs and lower capital costs for the construction of new plants. Looking forward, the market value is projected to reach USD 6.0 Billion by 2033, expanding at a CAGR of 6.4% during 2025-2033.

Market Summary:

Based on the application, the market has been segmented into VAM, PTA, anhydride, ethyl acetate, butyl acetate, and others. At present, VAM is the largest application segment.
On the basis of the end-use industry, inks, paints and coatings account for the majority of the overall market share. Other major segments include plastics and polymers, food and beverages, chemicals, pharmaceuticals, and others.
Based on the country, the market has been divided into the United States and Canada. The United States holds the leading position in the market.
The competitive landscape of the market has also been analyzed, along with the profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million Tons, Billion USD
Segment Coverage	Application, End-Use Industry, Country
Countries Covered	United States, Canada
Customization Scope	10% Free Customization
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)

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North America Acetic Acid Market to Grow at 6.4% During 2025-2033, Propelled by the Rising Construction Activities

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