U.S. Acetic Acid Market Size & Outlook, 2022-2030
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U.S. acetic acid market highlights
- The U.S. acetic acid market generated a revenue of USD 1,886.8 million in 2022 and is expected to reach USD 3,212.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, vinyl acetate monomer was the largest revenue generating application in 2022.
- Vinyl Acetate Monomer is the most lucrative application segment registering the fastest growth during the forecast period.
Acetic acid market data book summary
| Market revenue in 2022 | USD 1,886.8 million |
| Market revenue in 2030 | USD 3,212.3 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Vinyl acetate monomer |
| Fastest growing segment | Vinyl Acetate Monomer |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol |
| Key market players worldwide | Eastman Chemical Co, Celanese Corp Class A, LyondellBasell Industries NV Class A, SABIC, Helm AG, Daicel Corp, Dow Inc, INEOS, Indian Oil Corporation, Gujarat Narmada Valley Fertilizers & Chemicals |
Other key industry trends
- In terms of revenue, U.S. accounted for 14.6% of the global acetic acid market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. acetic acid market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,212.3 million by 2030.
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Acetic Acid Market Scope
Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gujarat Narmada Valley Fertilizers & Chemicals | View profile | 1001-5000 | Bharuch, Gujarat, India, Asia | https://www.gnfc.in |
| Indian Oil Corporation | View profile | 10001+ | New Delhi, Delhi, India, Asia | https://www.iocl.com/ |
| Helm AG | View profile | 1001-5000 | Hamburg, Hamburg, Germany, Europe | https://www.helmag.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Daicel Corp | View profile | 12480 | Grand Front Osaka Tower-B, 3-1, Ofuka-cho, Kita-ku, Osaka, Japan | http://www.daicel.com |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
U.S. acetic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to acetic acid market will help companies and investors design strategic landscapes.
Vinyl acetate monomer was the largest segment with a revenue share of 41.59% in 2022. Horizon Databook has segmented the U.S. acetic acid market based on vinyl acetate monomer, acetic anhydride, acetate esters, purified terephthalic acid, ethanol covering the revenue growth of each sub-segment from 2018 to 2030.
The acetic acid market in the U.S. is driven by the increase in demand from the pharmaceutical, food & beverage, and paints & coatings industries. The U.S. is also home to several leading acetic acid manufacturers and suppliers like LyondellBasell Acetyls, LLC and Silverline Chemicals. The presence of these key manufacturing companies is expected to further boost the market.
In addition, the U.S. is one of the leading consumers of VAM due to being the leading consumer of paints and coatings. The coatings segment is expected to be the major market in the U.S. due to the increasing residential and non-residential constructions after its recovery from the global economic crisis.
Recently, paints & coatings market in the U.S. has benefited from low raw material costs and crude oil prices. The market is also growing due to the government stimulus packages and rising employment rates. Therefore, the growth of acetic acid market can be attributed to the growth of VAM application segments in the region.
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Our clientele includes a mix of acetic acid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into U.S. acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. acetic acid market size, by application, 2018-2030 (US$M)
U.S. Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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