Acetic Acid Market was estimated at USD 6,251 Million in 2020 and projected to grow at 5.6% CAGR during the forecast period.

Introduction of the Acetic Acid Market Report

Acetic Acid is a clear, colourless, organic liquid with a strong odour similar to household vinegar. Acetic acid has various uses in different industries such as food and beverages, paint and coatings, chemical, and pharmaceutical industries. Acetic acid is the most commercially important organic acid used to manufacture a broad range of chemical products such as plastic and insecticide.

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Market Dynamic

Key Drivers and Emerging Trends

One of the factors driving the Acetic Acid market include the rising vinegar consumption. Vinegar is diluted acetic acid and the main component of vinegar is acetic acid, which gives sour taste and pungent aroma. In addition, A classic example is the apple cider vinegar products. People are consuming vinegar for several benefits such as it maintains blood pressure, regulating blood sugar, control cholesterol level, and also helps in reduce weight. For instance, according to WHO, in 2020, over 39 million children under the age of 5 years are overweight and obese.

Acetic acid has witnessed growth in the manufacturing of coating, greases, polyesters, and sealants which further finds application in different industries such as electronic, automobile, textile, and packaging. For instance, Celanese company uses acetic acid for the production of a wide variety of products for different industries using acetic acid such as vitamins, antibiotics and more.

Restraint in the Acetic Acid Market

However, stringent regulations can hamper the growth of the Acetic acid market. For instance, according to European Chemicals Agency (ECHA), the substance is categorized as hazardous to human health, as it causes eye damage, skin burns, and more if not used under permissible limits.

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Application – Segment Analysis

Based on the Application, vinyl acetate monomer is expected to grow at a higher CAGR rate during the forecast period. Acetic Acid is largely used in VAM, which further used in producing water-based paints, adhesive, waterproofing coating and paper and paperboard coatings. For instance, companies such as Celanese Corporation produce acetic Acid, which can be further used to produce a variety of products essentials like cosmetics, hair conditioners, shampoos, mouthwashes, and can also be used as window cleaner or surface cleaner acts as vinegar.

End User – Segment Analysis

Based on the End User, Pharmaceuticals is expected to grow at a higher CAGR rate during the forecast period. Pharmaceuticals industry uses Acetic Acid as a high-end medical product. Acetic Acid is an antibiotic that treats infection caused by bacteria or fungus. For example, Acetic Acid Otic (for the ear) is used to treat infection in ear canal. For instance, Devats India Private Limited, manufacturer of tablets, capsules, dry syrups use acetic acid for production. Furthermore, acetic Acid can be used to produce vitamins, antibiotics, and other products.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate during the forecast period. Asia Pacific is the largest consumer of acetic acid it is a key substance used across all industries such as Chemical, Pharmaceutical, Textile, and paints and coating in the country like China, India, and Japan. In addition, China is a hub for chemical processing, companies operating are Celanese and BP both are world first and second largest producer of acetic acid respectively.

Top Market Players

Various notable players operating in the market, include, Eastman Chemical Company, British Petroleum, LyondellBasell Industries Holdings B.V, Celanese, Gujarat Narmada Valley Fertilizers & Chemicals Limited, HELM AG, Pentoky Organy, Dow, Yankuang Group, Jiangsu SOPO (Group) Co, among others. 

Key Developments:

• • In 2019, British Petroleum extended its Petrochemical presence in Korea. The expansion is expected to add 100000 tonnes in a year of Acetic acid capacity.

Segments covered in the Report:

The global Acetic Acid market has been segmented on the basis of Application, End User and key regions. Based on Application, the market is segmented VAM vinyl acetate monomer, PTA, Anhydride, Ethyl Acetate, Butyl Acetate, and Others. Based on End User, the market is segmented into Food & Beverage, Pharmaceuticals, Chemicals, Plastics & Polymers, Paints & Coatings, and Others. Based on region market are segmented into Asia Pacific, Europe, North America, and RoW. 

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Key questions answered in this research report:

• • At what pace is global Acetic Acid market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Acetic Acid market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Acetic Acid market?
  • Which Application generated maximum revenues in 2020 and identify the most promising Application during the forecast period?
  • What are the various End User areas of global Acetic Acid market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 6,251 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Application, By End User, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Eastman Chemical Company, British Petroleum, LyondellBasell Industries Holdings B.V, Celanese, Gujarat Narmada Valley Fertilizers & Chemicals Limited, HELM AG, Pentoky Organy, Dow, Yankuang Group, Jiangsu SOPO (Group) Co, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Acetic Acid Market by Application

• • VAM vinyl acetate monomer
  • PTA
  • Anhydride
  • Ethyl Acetate
  • Butyl Acetate
  • Others

Global Acetic Acid Market by End User

• • Food & Beverage
  • Pharmaceuticals
  • Chemicals
  • Plastics & Polymers
  • Paints & Coatings
  • Others

Global Acetic Acid Market by Region

• • North America Acetic Acid Market (Option 1: As a part of the free 25% customization)
    • North America Acetic Acid Market by Application
    • North America Acetic Acid Market by End User
    • US Acetic Acid Market All-Up
    • Canada Acetic Acid Market All-Up
  • Europe Acetic Acid Market (Option 2: As a part of the free 25% customization)
    • Europe Acetic Acid Market by Application
    • Europe Acetic Acid Market by End User
    • UK Acetic Acid Market All-Up
    • Germany Acetic Acid Market All-Up
    • France Acetic Acid Market All-Up
    • Spain Acetic Acid Market All-Up
    • Rest of Europe Acetic Acid Market All-Up
  • Asia-Pacific Acetic Acid Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Acetic Acid Market by Application
    • Asia-Pacific Acetic Acid Market by End User
    • China Acetic Acid Market All-Up
    • India Acetic Acid Market All-Up
    • Japan Acetic Acid Market All-Up
    • Rest of APAC Acetic Acid Market All-Up
  • RoW Acetic Acid Market (Option 4: As a part of the free 25% customization)
    • RoW Acetic Acid Market by Application
    • RoW Acetic Acid Market by End User
    • Brazil Acetic Acid Market All-Up
    • South Africa Acetic Acid Market All-Up
    • Saudi Arabia Acetic Acid Market All-Up
    • UAE Acetic Acid Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Acetic Acid Market All-Up

Major Players Operating in the Acetic Acid (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Eastman Chemical Company
  • British Petroleum
  • LyondellBasell Industries Holdings B.V
  • Celanese
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited
  • HELM AG
  • Pentoky Organy
  • Dow
  • Yankuang Group
  • Jiangsu SOPO (Group)