Acetic Acid Market 2023 | Size, Price Trends, Industry Overview, Latest Insights, Opportunities and Forecast to 2028

The Acetic Acid Market will reach US$16.1 Billion by 2028, growing at a CAGR of 6.2% during the period 2023-2028.

Sheridan, Wy, USA, November 20, 2022 / โ€“ According to the last report of the Imarc group, entitled โ€œ๐—”๐—ฐ๐—ฒ๐˜๐—ถ๐—ฐ ๐—”๐—ฐ๐—ถ๐—ฑ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜: ๐—š๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ๐˜€, ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ, ๐—ฆ๐—ถ๐˜‡๐—ฒ, ๐—ข๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐˜† ๐—ข๐—ฝ๐—ฝ๐—ผ๐—ฟ๐˜๐˜‚๐—ป๐—ถ๐˜๐˜† ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ3-๐Ÿฎ๐Ÿฌ๐Ÿฎ8โ€, Le Monde la Acetic acid market size reached US$11.2 billion in 2022. Looking ahead, IMARC Group expects the market to reach US$16.1 billion by 2028, with a CAGR of 6.2% in 2023-2028.

Acetic acid, or ethanoic acid (CH3COOH), is a clear, colorless organic monocarboxylic compound that has antifungal and antibacterial properties. It is commercially formulated on an industrial scale by the air oxidation of acetaldehyde and the carbonylation of methanol. It is still found in animal secretions and in many plants, where it is mixed with the esters of various alcohols. Unlike nitric, formic or sulfuric acid, acetic acid has a lower density and its melting point is significantly higher. Currently, it is widely used in the manufacture of vinyl acetate monomer (VAM) and purified terephthalic acid (PTA). Apart from this, acetic acid finds many applications as an essential chemical reagent to produce various used chemicals, which are widely used in industries to manufacture textiles, inks, rubber and plastics.

๐—š๐—ฒ๐˜ ๐—ฎ ๐—™๐—ฟ๐—ฒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:

๐—”๐—ฐ๐—ฒ๐˜๐—ถ๐—ฐ ๐—”๐—ฐ๐—ถ๐—ฑ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜:

The widespread adoption of acetic acid in various industrial sectors as vinyl acetate monomer (VAM) and derivatives to make resins, ethylene vinyl alcohol (EVOH) paints, paperboard coatings and adhesives is mainly driving the growth of the market. Additionally, the massive adoption of acetic acids in the food and beverage (F&B) industry as an acidifying agent to pickle vegetables and add flavor to apple cider vinegar is driving the market growth. It further offers various benefits, such as killing bacteria, reducing blood pressure, decreasing inflammation, and promoting weight loss. Apart from this, the increasing use of acetic acid to manufacture polyester, sealants and greases which further find applications in various industries, such as electronics, textiles and packaging, contribute to the market growth.

๐—–๐—ต๐—ฒ๐—ฐ๐—ธ๐—ผ๐˜‚๐˜ ๐—ก๐—ผ๐˜„:

Competitive landscape with key players:

The competitive landscape of the Acetic Acid market has been studied in the report along with the detailed profiles of the major players operating in the market.

Some of these key players include:

โ€ข British Petroleum Plc
โ€ข Celanese Corporation
โ€ข Daicel Corporation
โ€ข Eastman Chemical Company
โ€ข GNFC limited
โ€ข LyondellBasell Industries NV
โ€ข Mitsubishi Chemical Corporation
โ€ข PetroChina
โ€ข Showa Denko KK
โ€ข Sinopec
โ€ข Svensk Etanolkemi AB (SEKAB)
โ€ข Wacker Chemie AG

๐—ž๐—ฒ๐˜† ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐˜๐—ถ๐—ผ:

The report has segmented the global acetic acid market on the basis of application, end-use, and region.

Breakdown by application:

โ€ข VAM
โ€ข APT
โ€ข Anhydride
โ€ข Ethyl acetate
โ€ข Butyl acetate
โ€ข Others

Breakdown by end use:

โ€ข Plastics and polymers
โ€ข Food and drinks
โ€ข Inks, paints and coatings
โ€ข Chemical products
โ€ข Pharmaceutical products
โ€ข Others

Breakdown by region:

โ€ข China
โ€ข North America
โ€ข Western/Eastern Europe
โ€ข Northeast Asia
โ€ข South East Asia
โ€ข Middle East and Africa

๐—”๐˜€๐—ธ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—˜๐˜…๐—ฝ๐—น๐—ผ๐—ฟ๐—ฒ ๐—™๐˜‚๐—น๐—น ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐˜„๐—ถ๐˜๐—ต ๐—ง๐—ข๐—– & ๐—Ÿ๐—ถ๐˜€๐˜ ๐—ผ๐—ณ ๐—™๐—ถ๐—ด๐˜‚๐—ฟ๐—ฒ๐˜€:

Main highlights of the report:

โ€ข Market performance (2017-2022)
โ€ข Market Outlook (2023-2028)
โ€ข Market trends
โ€ข Market drivers and success factors
โ€ข Impact of COVID-19
โ€ข Value chain analysis
โ€ข Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€

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Elena Anderson
IMARC Services Private Limited
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