Acetic Acid Market Size, Share & Trends Analysis Report By Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid), By Region, And Segment Forecasts, 2023 - 2030

Market Segmentation

• Acetic Acid Application Outlook (Volume, Kilo Tons; Revenue; USD Million, 2018 - 2030)
  • Vinyl Acetate Monomer
  • Acetic Anhydride
  • Acetate Esters
  • Purified Terephthalic Acid
  • Ethanol
  • Other Applications
• Acetic Acid Regional Outlook (Volume, Kilo Tons; Revenue; USD Million, 2018 - 2030)
  • North America
    • North America Acetic Acid Market, By Application
      • Vinyl Acetate Monomer
      • Acetic Anhydride
      • Acetate Esters
      • Purified Terephthalic Acid
      • Ethanol
      • Other Applications 
    • U.S.
      • U.S. Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • Canada
      • Canada Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • Mexico
      • Mexico Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
  • Europe
    • Europe Acetic Acid Market, By Application
      • Vinyl Acetate Monomer
      • Acetic Anhydride
      • Acetate Esters
      • Purified Terephthalic Acid
      • Ethanol
      • Other Applications
    • Germany
      • Germany Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • Netherlands
      • Netherlands Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • Belgium
      • Belgium Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
  • Asia Pacific
    • Asia Pacific Acetic Acid Market, By Application
      • Vinyl Acetate Monomer
      • Acetic Anhydride
      • Acetate Esters
      • Purified Terephthalic Acid
      • Ethanol
      • Other Applications
    • China
      • China Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • India
      • India Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • Japan
      • Japan Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • South Korea
      • South Korea Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
  • Central & South America
    • Central & South America Acetic Acid Market, By Application
      • Vinyl Acetate Monomer
      • Acetic Anhydride
      • Acetate Esters
      • Purified Terephthalic Acid
      • Ethanol
      • Other Applications
    • Brazil
      • Brazil Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • Argentina
      • Argentina Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
  • Middle East & Africa
    • Middle East & Africa Acetic Acid Market, By Application
      • Vinyl Acetate Monomer
      • Acetic Anhydride
      • Acetate Esters
      • Purified Terephthalic Acid
      • Ethanol
      • Other Applications
    • Saudi Arabia
      • Saudi Arabia Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • South Africa
      • South Africa Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications
    • Egypt
      • Egypt Acetic Acid Market, By Application
        • Vinyl Acetate Monomer
        • Acetic Anhydride
        • Acetate Esters
        • Purified Terephthalic Acid
        • Ethanol
        • Other Applications

Acetic Acid Market Dynamics

Driver: Growing demand for vinyl acetate monomer

Vinyl acetate monomer (VAM) is a colorless fluid having a pungent odor. It is preferably stored in reconditioned steel drums and is transported in bulk vessels and tank trucks. The major application of VAM is in producing polyvinyl acetate and polyvinyl alcohol, which accounts for over 80% of its utilization globally. VAM possesses various properties such as optical clarity, fiber-forming, adhesion, and others, which enables its application in several end-use industries such as construction, packaging, cosmetics, and textile. The growing demand for construction and packaging, as well as the high demand for cosmetics owing to the increasing awareness about personal grooming across the globe, is anticipated to fuel the demand for VAM, which, in turn, is expected to drive the demand for acetic acid in the coming years. Polyvinyl alcohol (PVA) is majorly used in water-soluble packaging, textile warp sizing, coatings, and adhesives. PVA is water-soluble and thus, can be used to make biodegradable bags that can dissolve in water within a few minutes or weeks, thereby reducing the waste. Furthermore, polyvinyl acetate is a thermoplastic polymer that is commonly used in glues and industrial adhesives. It is predominantly utilized in paints, paper coatings, adhesives, and textile treatment. Wide usage of VAM in numerous industrial applications is likely to bolster the growth of the acetic acid market over the forecast period.

Driver: Rising product demand in Asia Pacific

Vinyl acetate monomer is a major application segment of acetic acid in Asia Pacific, with China and India holding the majority share of the acetic acid market. China is a major producer and consumer of VAM in the world. The country has planned capacity additions of VAM with major players such as Shenghong Petrochemical Group Co., Ltd., ShengHong Holding Group, and others. VAM is a lucrative market in India as the majority of the product demand is currently met through imports. This is likely to provide an opportunity for new players to enter the market. The demand has increased at a CAGR of 9.9% over the past few years. The imports of VAM have witnessed a significant growth of over 19% in the last decade. The high demand for VAM from the two major markets of Asia Pacific is anticipated to bolster the demand for acetic acid over the forecast period.

Restraint: Potential risk of side-effects

One can get exposed to acetic acid by ingesting, breathing, or coming into skin contact. Exposure to the dilute solution of acetic acid can cause irritation. Inhalation of its vapors can cause cough along with eyes, nose, and throat irritation. Breathing vapors containing high levels of acetic acid can cause fever, chest tightness, headache, and confusion. Exposure to a concentrated solution of acetic acid can lead to corrosive damage. Prolonged contact with the product can result in tissue destruction, conjunctival irritation, hyperkeratotic dermatitis, and upper respiratory tract irritation. Regulatory authorities including the Occupational Safety and Health Administration (OSHA), the American Conference of Governmental Industrial Hygienists (ACGIH), and the U.S. Food and Drug Administration (FDA) have set standards for the exposure to acetic acid to avoid the risk associated with the product. Thus, the risk associated with the acetic acid is likely to act as a restraining factor of the market growth.

What Does This Report Include?

This section will provide insights into the contents included in this acetic acid market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Acetic acid market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

Acetic acid market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance