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

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 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

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

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.