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report thumbnailAcetic Acid Market

Acetic Acid Market Decade Long Trends, Analysis and Forecast 2025-2033

Acetic Acid Market by Application (Vinyl Acetate Monomer (VAM), by End-use Industry (Plastics & Polymers, Food & Beverages, Adhesives, Paints, Coatings, Textile, Others), by North America (U.S., Canada) Forecast 2026-2034

Feb 10 2025

Base Year: 2025

180 Pages

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Acetic Acid Market Decade Long Trends, Analysis and Forecast 2025-2033

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Acetic Acid Market Decade Long Trends, Analysis and Forecast 2025-2033


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Key Insights

The Acetic Acid Marketsize was valued at USD 6.90 USD Billion in 2023 and is projected to reach USD 9.77 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period.Acetic acid, which is a clear, colorless liquid, is an important organic compound with a pungent smell and sour taste. The molecular formula itself, namely CH3COOH, indicates it is made up of 2 carbons, 4 hydrogens, and 2 oxygen elements. This well-known substance (a diluted solution of acetic acid) is fundamental to different sectors (such as medical and manufacturing) and household tasks. Being a significant chemical reagent, it is used in the manufacturing of vinyl acetate monomer, which in turn is converted into polyvinyl acetate for the production of adhesives and coatings. This aspect is also the reason why it is used as a solvent in the manufacture of dyes and perfumes. In food preservation, acetic acid is a standout element as it helps to prevent microbial growth and prolong the shelf life. In addition, it is used in the pharmaceutical industry to synthesize different drugs. As acetic acid's various forms and wide applicability make it effective in industrial processes and daily life, it is an indispensable substance in such fields.

Acetic Acid Market Research Report - Market Overview and Key Insights

Acetic Acid Market Market Size (In Million)

25.0M
20.0M
15.0M
10.0M
5.0M
0
15.41 M
2022
16.74 M
2023
18.15 M
2024
19.64 M
2025
21.22 M
2026
22.89 M
2027
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Acetic Acid Trends

  • Growing demand for vinyl acetate monomer (VAM) in the production of polyvinyl acetate (PVAc) and ethylene-vinyl acetate (EVA)
  • Increasing use of acetic acid in the manufacture of cellulose acetate, which is used in the production of cigarette filters, textiles, and photographic film
  • Rising demand for acetic acid in the food and beverage industry as a flavoring and preservative
Acetic Acid Market Market Size and Forecast (2024-2030)

Acetic Acid Market Company Market Share

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Driving Forces: What's Propelling the Acetic Acid Market

  • Expansion of the textile industry in emerging markets
  • Increasing adoption of acetic acid in the pharmaceutical industry
  • Growing demand for bio-based acetic acid as a sustainable alternative to traditional fossil fuel-based acetic acid

Challenges and Restraints in Acetic Acid Market

  • Price volatility of raw materials such as methanol and carbon monoxide
  • Environmental impact related to acetic acid production, including greenhouse gas emissions and wastewater discharge
  • Strict regulations governing the handling and disposal of acetic acid to minimize potential risks to human health and the environment

Emerging Trends in Acetic Acid

  • Development of bio-based acetic acid production technologies
  • Increasing use of acetic acid in the production of biodegradable plastics
  • Growing adoption of acetic acid in the electronics industry

Growth Catalysts in Acetic Acid Industry

  • Growing demand for vinegar in food and beverage industries, driven by changing consumer preferences and the health benefits associated with vinegar
  • Shift towards bio-based acetic acid production, supported by environmental concerns and government initiatives promoting sustainable practices
  • Increasing use of acetic acid in the production of cellulose acetate, a versatile material used in various applications such as cigarette filters, photographic films, and packaging
  • Expansion of end-use industries for cellulose acetate, including electronics, automotive, and construction sectors
  • Market Segmentation: Acetic Acid Analysis

    Type

    • Glacial Acetic Acid
    • Diluted Acetic Acid

    Application

    • Vinyl Acetate Monomer (VAM)
    • Chemical Intermediates (Pharmaceuticals & Industrial Chemicals)
    • Food & Beverage
    • Textiles
    • Others (Paper & Pulp, Paints & Coatings, Metal Treatments)

    Leading Players in the Acetic Acid Market

    • BP Plc (U.K.)
    • Shanghai Huayi (Group) Company (China)
    • LyondellBasell Industries (Netherlands)
    • Daicel Corporation (Japan)
    • Shandong Hualu-Hengsheng Chemical Co. Ltd. (China)
    • Kingboard Chemical Holdings Ltd. (Hong Kong)
    • Eastman Chemical Company (U.S.)
    • Lonza (Switzerland)
    • Wacker Chemie AG (Germany)
    • Celanese Corporation (U.S.)

    Significant developments in Acetic Acid Sector

    • In 2023, BP Plc announced plans to invest in a new acetic acid plant in China.
    • In 2022, Celanese Corporation acquired the acetic acid business of Eastman Chemical Company.
    • In 2021, LyondellBasell Industries started up a new acetic acid plant in Saudi Arabia.

    Comprehensive Coverage Acetic Acid Market Report

    The comprehensive market report on Acetic Acid provides detailed insights into the key factors driving and restraining the market growth. It also provides an in-depth analysis of the industry's competitive landscape, regional and country-level market trends, and detailed forecasts.

    Geographic Coverage of Acetic Acid Market

    Higher Coverage
    Lower Coverage
    No Coverage

    Acetic Acid Market REPORT HIGHLIGHTS

    AspectsDetails
    Study Period 2020-2034
    Base Year 2025
    Estimated Year 2026
    Forecast Period2026-2034
    Historical Period2020-2025
    Growth RateCAGR of 5.1% from 2020-2034
    Segmentation
      • By Application
        • Vinyl Acetate Monomer (VAM
      • By End-use Industry
        • Plastics & Polymers
        • Food & Beverages
        • Adhesives
        • Paints
        • Coatings
        • Textile
        • Others
    • By Geography
      • North America
        • U.S.
        • Canada

    Table of Contents

    1. 1. Introduction
      • 1.1. Research Scope
      • 1.2. Market Segmentation
      • 1.3. Research Methodology
      • 1.4. Definitions and Assumptions
    2. 2. Executive Summary
      • 2.1. Introduction
    3. 3. Market Dynamics
      • 3.1. Introduction
        • 3.2. Market Drivers
          • 3.2.1. Increasing Demand for Vinyl Acetate Monomer to Aid Growth
        • 3.3. Market Restrains
          • 3.3.1. Harmful Effects of Acetic Acid to Hinder Market Growth
        • 3.4. Market Trends
          • 3.4.1. Growing demand for vinyl acetate monomer (VAM) in the production of polyvinyl acetate (PVAc) and ethylene-vinyl acetate (EVA)
    4. 4. Market Factor Analysis
      • 4.1. Porters Five Forces
      • 4.2. Supply/Value Chain
      • 4.3. PESTEL analysis
      • 4.4. Market Entropy
      • 4.5. Patent/Trademark Analysis
    5. 5. Global Acetic Acid Market Analysis, Insights and Forecast, 2020-2032
      • 5.1. Market Analysis, Insights and Forecast - by Application
        • 5.1.1. Vinyl Acetate Monomer (VAM
      • 5.2. Market Analysis, Insights and Forecast - by End-use Industry
        • 5.2.1. Plastics & Polymers
        • 5.2.2. Food & Beverages
        • 5.2.3. Adhesives
        • 5.2.4. Paints
        • 5.2.5. Coatings
        • 5.2.6. Textile
        • 5.2.7. Others
      • 5.3. Market Analysis, Insights and Forecast - by Region
        • 5.3.1. North America
    6. 6. Competitive Analysis
      • 6.1. Global Market Share Analysis 2025
        • 6.2. Company Profiles
          • 6.2.1 BP Plc (U.K.)
            • 6.2.1.1. Overview
            • 6.2.1.2. Products
            • 6.2.1.3. SWOT Analysis
            • 6.2.1.4. Recent Developments
            • 6.2.1.5. Financials (Based on Availability)
          • 6.2.2 Shanghai Huayi (Group) Company (China)
            • 6.2.2.1. Overview
            • 6.2.2.2. Products
            • 6.2.2.3. SWOT Analysis
            • 6.2.2.4. Recent Developments
            • 6.2.2.5. Financials (Based on Availability)
          • 6.2.3 LyondellBasell Industries (Netherlands)
            • 6.2.3.1. Overview
            • 6.2.3.2. Products
            • 6.2.3.3. SWOT Analysis
            • 6.2.3.4. Recent Developments
            • 6.2.3.5. Financials (Based on Availability)
          • 6.2.4 Daicel Corporation (Japan)
            • 6.2.4.1. Overview
            • 6.2.4.2. Products
            • 6.2.4.3. SWOT Analysis
            • 6.2.4.4. Recent Developments
            • 6.2.4.5. Financials (Based on Availability)
          • 6.2.5 Shandong Hualu-Hengsheng Chemical Co. Ltd. (China)
            • 6.2.5.1. Overview
            • 6.2.5.2. Products
            • 6.2.5.3. SWOT Analysis
            • 6.2.5.4. Recent Developments
            • 6.2.5.5. Financials (Based on Availability)
          • 6.2.6 Jiangsu Sopo (Group) Co. Ltd. (China)
            • 6.2.6.1. Overview
            • 6.2.6.2. Products
            • 6.2.6.3. SWOT Analysis
            • 6.2.6.4. Recent Developments
            • 6.2.6.5. Financials (Based on Availability)
          • 6.2.7 Kingboard Chemical Holdings Ltd. (Hong Kong)
            • 6.2.7.1. Overview
            • 6.2.7.2. Products
            • 6.2.7.3. SWOT Analysis
            • 6.2.7.4. Recent Developments
            • 6.2.7.5. Financials (Based on Availability)
          • 6.2.8 Eastman Chemical Company (U.S.)
            • 6.2.8.1. Overview
            • 6.2.8.2. Products
            • 6.2.8.3. SWOT Analysis
            • 6.2.8.4. Recent Developments
            • 6.2.8.5. Financials (Based on Availability)
          • 6.2.9 Lonza (Switzerland)
            • 6.2.9.1. Overview
            • 6.2.9.2. Products
            • 6.2.9.3. SWOT Analysis
            • 6.2.9.4. Recent Developments
            • 6.2.9.5. Financials (Based on Availability)
          • 6.2.10 Wacker Chemie AG (Germany)
            • 6.2.10.1. Overview
            • 6.2.10.2. Products
            • 6.2.10.3. SWOT Analysis
            • 6.2.10.4. Recent Developments
            • 6.2.10.5. Financials (Based on Availability)
          • 6.2.11 Celanese Corporation (U.S.)
            • 6.2.11.1. Overview
            • 6.2.11.2. Products
            • 6.2.11.3. SWOT Analysis
            • 6.2.11.4. Recent Developments
            • 6.2.11.5. Financials (Based on Availability)

    List of Figures

    1. Figure 1: Global Acetic Acid Market Revenue Breakdown (USD Billion, %) by Region 2025 & 2033
    2. Figure 2: Global Acetic Acid Market Volume Breakdown (K Tons, %) by Region 2025 & 2033
    3. Figure 3: North America Acetic Acid Market Revenue (USD Billion), by Application 2025 & 2033
    4. Figure 4: North America Acetic Acid Market Volume (K Tons), by Application 2025 & 2033
    5. Figure 5: North America Acetic Acid Market Revenue Share (%), by Application 2025 & 2033
    6. Figure 6: North America Acetic Acid Market Volume Share (%), by Application 2025 & 2033
    7. Figure 7: North America Acetic Acid Market Revenue (USD Billion), by End-use Industry 2025 & 2033
    8. Figure 8: North America Acetic Acid Market Volume (K Tons), by End-use Industry 2025 & 2033
    9. Figure 9: North America Acetic Acid Market Revenue Share (%), by End-use Industry 2025 & 2033
    10. Figure 10: North America Acetic Acid Market Volume Share (%), by End-use Industry 2025 & 2033
    11. Figure 11: North America Acetic Acid Market Revenue (USD Billion), by Country 2025 & 2033
    12. Figure 12: North America Acetic Acid Market Volume (K Tons), by Country 2025 & 2033
    13. Figure 13: North America Acetic Acid Market Revenue Share (%), by Country 2025 & 2033
    14. Figure 14: North America Acetic Acid Market Volume Share (%), by Country 2025 & 2033

    List of Tables

    1. Table 1: Global Acetic Acid Market Revenue USD Billion Forecast, by Application 2020 & 2033
    2. Table 2: Global Acetic Acid Market Volume K Tons Forecast, by Application 2020 & 2033
    3. Table 3: Global Acetic Acid Market Revenue USD Billion Forecast, by End-use Industry 2020 & 2033
    4. Table 4: Global Acetic Acid Market Volume K Tons Forecast, by End-use Industry 2020 & 2033
    5. Table 5: Global Acetic Acid Market Revenue USD Billion Forecast, by Region 2020 & 2033
    6. Table 6: Global Acetic Acid Market Volume K Tons Forecast, by Region 2020 & 2033
    7. Table 7: Global Acetic Acid Market Revenue USD Billion Forecast, by Application 2020 & 2033
    8. Table 8: Global Acetic Acid Market Volume K Tons Forecast, by Application 2020 & 2033
    9. Table 9: Global Acetic Acid Market Revenue USD Billion Forecast, by End-use Industry 2020 & 2033
    10. Table 10: Global Acetic Acid Market Volume K Tons Forecast, by End-use Industry 2020 & 2033
    11. Table 11: Global Acetic Acid Market Revenue USD Billion Forecast, by Country 2020 & 2033
    12. Table 12: Global Acetic Acid Market Volume K Tons Forecast, by Country 2020 & 2033
    13. Table 13: U.S. Acetic Acid Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
    14. Table 14: U.S. Acetic Acid Market Volume (K Tons) Forecast, by Application 2020 & 2033
    15. Table 15: Canada Acetic Acid Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
    16. Table 16: Canada Acetic Acid Market Volume (K Tons) Forecast, by Application 2020 & 2033

    Methodology

    Step 1 - Identification of Relevant Samples Size from Population Database

    Step Chart
    Bar Chart
    Method Chart

    Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

    Approach Chart
    Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

    Note*: In applicable scenarios

    Step 3 - Data Sources

    Primary Research

    • Web Analytics
    • Survey Reports
    • Research Institute
    • Latest Research Reports
    • Opinion Leaders

    Secondary Research

    • Annual Reports
    • White Paper
    • Latest Press Release
    • Industry Association
    • Paid Database
    • Investor Presentations
    Analyst Chart

    Step 4 - Data Triangulation

    Involves using different sources of information in order to increase the validity of a study

    These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

    Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

    During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

    Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

    Frequently Asked Questions

    1. What is the projected Compound Annual Growth Rate (CAGR) of the Acetic Acid Market?

    The projected CAGR is approximately 5.1%.

    2. Which companies are prominent players in the Acetic Acid Market?

    Key companies in the market include BP Plc (U.K.), Shanghai Huayi (Group) Company (China), LyondellBasell Industries (Netherlands), Daicel Corporation (Japan), Shandong Hualu-Hengsheng Chemical Co. Ltd. (China), Jiangsu Sopo (Group) Co. Ltd. (China), Kingboard Chemical Holdings Ltd. (Hong Kong), Eastman Chemical Company (U.S.), Lonza (Switzerland), Wacker Chemie AG (Germany), Celanese Corporation (U.S.).

    3. What are the main segments of the Acetic Acid Market?

    The market segments include Application, End-use Industry.

    4. Can you provide details about the market size?

    The market size is estimated to be USD 6.90 USD Billion as of 2022.

    5. What are some drivers contributing to market growth?

    Increasing Demand for Vinyl Acetate Monomer to Aid Growth.

    6. What are the notable trends driving market growth?

    Growing demand for vinyl acetate monomer (VAM) in the production of polyvinyl acetate (PVAc) and ethylene-vinyl acetate (EVA).

    7. Are there any restraints impacting market growth?

    Harmful Effects of Acetic Acid to Hinder Market Growth.

    8. Can you provide examples of recent developments in the market?

    In 2023, BP Plc announced plans to invest in a new acetic acid plant in China. In 2022, Celanese Corporation acquired the acetic acid business of Eastman Chemical Company. In 2021, LyondellBasell Industries started up a new acetic acid plant in Saudi Arabia.

    9. What pricing options are available for accessing the report?

    Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

    10. Is the market size provided in terms of value or volume?

    The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons.

    11. Are there any specific market keywords associated with the report?

    Yes, the market keyword associated with the report is "Acetic Acid Market," which aids in identifying and referencing the specific market segment covered.

    12. How do I determine which pricing option suits my needs best?

    The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

    13. Are there any additional resources or data provided in the Acetic Acid Market report?

    While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

    14. How can I stay updated on further developments or reports in the Acetic Acid Market?

    To stay informed about further developments, trends, and reports in the Acetic Acid Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.