Acetic Acid Market to Reach USD 15.55 Billion by 2030, Growing at a CAGR of 5.2%

Acetic Acid Market to Reach USD 15.55 Billion by 2030, Growing at a CAGR of 5.2%

Summary:

The Acetic Acid Market was valued at USD 10.90 billion in 2023 and is expected to reach USD 15.55 billion by 2030, growing at a CAGR of 5.2% during the forecast period. Increasing demand from industries such as plastics, food & beverage, pharmaceuticals, and adhesives is driving market growth.

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Market Size:

The Acetic Acid Market is witnessing substantial expansion, propelled by the rising demand for vinyl acetate monomers, acetate esters, and purified terephthalic acid. As industries continue adopting synthetic and bio-based acetic acid, market growth is expected to remain robust, reaching USD 15.55 billion by 2030.

Scope and Research Methodology:

This report presents a detailed analysis of the Acetic Acid Market, including market size, segmentation, key players, and regional insights. A bottom-up approach was used to ensure precise market size estimation. Extensive primary and secondary research methodologies were applied to evaluate market trends, opportunities, and challenges.

Report Coverage:

• Market size, share, and revenue forecast (2024–2030).

• Competitive landscape featuring leading market players.

• Analysis of market dynamics, growth drivers, and investment opportunities.

• Market segmentation based on end-use, derivative outlook, manufacturing process, and application.

• Regional industry trends and key market leaders.

Overview:

The Acetic Acid Market is expanding due to its extensive application in plastics, pharmaceuticals, food additives, and chemical industries. The market is driven by the increasing use of acetic acid derivatives and advancements in manufacturing processes such as methanol carbonylation and bio-based synthesis.

Market Dynamics:

• Drivers: Growing demand for acetic acid in plastic and polymer production, increasing applications in food & beverage industries, and technological advancements in acetic acid manufacturing.

• Restraints: Regulatory challenges and environmental concerns related to synthetic acetic acid production.

• Opportunities: Advancements in bio-based acetic acid production and expanding pharmaceutical applications.

Market Segmentation:

• By End Use:

  • Plastics and Polymer

  • Food and Beverage

  • Adhesives

  • Paints and Coatings

  • Pharmaceuticals

• By Derivative Outlook:

  • Diclofenac

  • Ketorolac

  • Tolmetin

  • Indomethacin

• By Manufacturing Process:

  • Biological Route

  • Synthetic Route:

    • Paraffin Oxidation

    • Methanol Carbonylation

    • Olefin Oxidation

    • Terephthalic/Isophthalic Acid Coproduct

• By Application:

  • Vinyl Acetate Monomer

  • Acetic Anhydride

  • Acetate Esters

  • Purified Terephthalic Acid

  • Ethanol

  • Others

Key Players Include:

1. Wacker Chemie

2. Saudi International Petrochemicals

3. DuPont

4. Eastman Chemical Company

5. Jiangsu Sopo (Group) Co., Ltd.

6. British Petroleum

7. Celanese Corporation

8. Mitsubishi Chemical Corporation

9. Daicel Corporation

10. GNFC Limited

11. HELM AG

12. LyondellBasell Industries N.V.

13. PetroChina

14. Sinopec

15. Indian Oil Corporation

16. Dow Chemicals

Reasons to Buy This Report:

✔ Comprehensive insights into industry trends and market growth. ✔ Detailed segmentation and competitive landscape analysis. ✔ Identification of investment opportunities and technological advancements. ✔ Market trends and forecasts for 2024–2030. ✔ Exclusive insights into bio-based acetic acid and its growing applications.

Table of Contents:

1. Introduction

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Market Segmentation

6. Regional Analysis

7. Competitive Landscape

8. Future Outlook

9. Conclusion

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About Maximize Market Research:

Maximize Market Research is a leading business consulting and market research firm specializing in IT, Chemicals, Healthcare, Aerospace & Defense, and Energy & Power. Our data-driven research empowers businesses with actionable insights for strategic decision-making.

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