The global market for Acetic Acid is estimated at US$20.1 Billion in 2023 and is projected to reach US$28.0 Billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the acetic acid market is driven by several factors. Technological advancements in production processes enhance efficiency and yield, meeting the increasing demand for high-quality acetic acid. The expansion of industries such as chemicals, textiles, food and beverage, and pharmaceuticals drives the demand for acetic acid. The growing emphasis on sustainability and the development of bio-based production methods address environmental concerns and regulatory requirements.
The rising use of acetic acid in emerging applications, such as in the production of renewable chemicals and materials, further propels market growth. Additionally, investments in research and development by manufacturers foster innovation and the introduction of advanced production technologies. These factors collectively drive the dynamic and rapidly evolving acetic acid market.
The growth in the acetic acid market is driven by several factors. Technological advancements in production processes enhance efficiency and yield, meeting the increasing demand for high-quality acetic acid. The expansion of industries such as chemicals, textiles, food and beverage, and pharmaceuticals drives the demand for acetic acid. The growing emphasis on sustainability and the development of bio-based production methods address environmental concerns and regulatory requirements.
The rising use of acetic acid in emerging applications, such as in the production of renewable chemicals and materials, further propels market growth. Additionally, investments in research and development by manufacturers foster innovation and the introduction of advanced production technologies. These factors collectively drive the dynamic and rapidly evolving acetic acid market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the VAM End-Use segment, which is expected to reach US$10.3 Billion by 2030 with a CAGR of a 4.9%. The Acetates End-Use segment is also set to grow at 3.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $5.4 Billion in 2023, and China, forecasted to grow at an impressive 8.1% CAGR to reach $6.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Acetic Acid Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Acetic Acid Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Acetic Acid Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BP p.l.c., BP PETRONAS Acetyls Sdn Bhd, Celanese Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 17 Featured):
- BP p.l.c.
- BP PETRONAS Acetyls Sdn Bhd
- Celanese Corporation
- Chang Chun Petrochemical Co., Ltd.
- China Petrochemical Development Corporation, Ltd.
- Daicel Corporation
- Eastman Chemical Company
- Gujarat Narmada Valley Fertilizers Company Limited
- Jiangsu Sopo (Group) Co., Ltd
- Jubilant Life Sciences Limited
- Kuraray Co., Ltd.
- Lotte BP Chemicals Co., Ltd.
- LyondellBasell Industries
- Showa Denko K.K.
- Sinopec Sichuan Vinylon Works
- Wacker Chemie AG
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned
- BP p.l.c.
- BP PETRONAS Acetyls Sdn Bhd
- Celanese Corporation
- Chang Chun Petrochemical Co., Ltd.
- China Petrochemical Development Corporation, Ltd.
- Daicel Corporation
- Eastman Chemical Company
- Gujarat Narmada Valley Fertilizers Company Limited
- Jiangsu Sopo (Group) Co., Ltd
- Jubilant Life Sciences Limited
- Kuraray Co., Ltd.
- Lotte BP Chemicals Co., Ltd.
- LyondellBasell Industries
- Showa Denko K.K.
- Sinopec Sichuan Vinylon Works
- Wacker Chemie AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 263 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 20.1 Billion |
Forecasted Market Value ( USD | $ 28 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |
No. of Companies Mentioned | 16 |