Acetic Acid Market Development Trends, Industry Size and Demand Forecast to 2029
Global Acetic Acid Market Poised for Growth, Expected to Reach US$ 14.80 Bn by 2029
Summary: The Global Acetic Acid Market is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2029, with market size expected to reach nearly US$ 14.80 billion by 2029, up from US$ 10.37 billion in 2022. The market is driven by growing demand across various sectors, including plastics and polymers, food and beverages, and pharmaceuticals.
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Market Size:
The global Acetic Acid market size was valued at US$ 10.37 billion in 2022. The market is forecasted to grow at a CAGR of 5.2% from 2023 to 2029, reaching nearly US$ 14.80 billion by the end of the forecast period. This growth is largely attributed to the increasing demand for acetic acid in key applications such as vinyl acetate monomer, acetic anhydride, and acetate esters.
Overview:
The "Global Acetic Acid Market Analysis" offers an in-depth examination of the current trends and future projections within the acetic acid industry. This study is particularly focused on global market trends, providing detailed insights into market segmentation, and highlighting the market's potential for rapid growth during the forecast period. The report is crucial for understanding the competitive landscape, identifying key players, and exploring new opportunities within the acetic acid market.
Market Scope:
The market size estimations are validated using both top-down and bottom-up approaches, with the report focusing on market segments and their utilization rates. The segmentation is comprehensive, covering various aspects such as end-use, derivative outlook, manufacturing processes, and applications. The market analysis also includes a regional breakdown to give a clear picture of the geographical distribution of market demand.
Segmentation:
The acetic acid market is segmented based on the following:
By End-Use:
Plastics and Polymers
Food and Beverage
Adhesives
Paints and Coatings
Pharmaceuticals
By Derivative Outlook:
Diclofenac
Ketorolac
Tolmetin
Indomethacin
By Manufacturing Process:
Biological Route
Synthetic Route
Paraffin Oxidation
Methanol Carbonylation
Olefin Oxidation
Terephthalic/Isophthalic Acid Coproduct
By Application:
Vinyl Acetate Monomer
Acetic Anhydride
Acetate Esters
Purified Terephthalic Acid
Ethanol
Others
Major Manufacturers:
Wacker Chemie
Saudi International Petrochemicals
DuPont
Eastman Chemical Company
Jiangsu Sopo (Group) Co., Ltd.
British Petroleum
Celanese Corporation
Mitsubishi Chemical Corporation
Daicel Corporation
GNFC Limited
HELM AG
LyondellBasell Industries N.V.
PetroChina
Sinopec
Indian Oil Corporation
Dow Chemicals
Regional Analysis:
The report provides a detailed regional analysis, covering North America, Europe, Asia Pacific, the Middle East, Africa, and South America. Each region's market share, growth rate, and potential for future development are analyzed, offering a comprehensive understanding of the global distribution of the acetic acid market.
COVID-19 Impact Analysis:
The COVID-19 pandemic significantly impacted the global Acetic Acid market, altering consumer behavior and disrupting supply chains. However, the market is expected to recover, with businesses adapting to the new norms and adjusting their strategies accordingly. This section of the report provides a detailed analysis of the pandemic's impact and how it has shaped the future of the acetic acid market.
Key Questions Answered:
What is the market potential for acetic acid?
Which regional market will emerge as a leader in the coming years?
Which application segment is expected to see the fastest growth?
What are the key challenges the acetic acid market may face in the future?
Who are the major players in the acetic acid market?
What are the primary trends driving market growth?
Table of Contents:
Overview
Global Market Status and Forecast by Regions
Global Market Status and Forecast by Types
Global Market Status and Forecast by Downstream Industry
Market Driving Factor Analysis
Market Competition Status by Major Manufacturers
Major Manufacturers Introduction and Market Data
Upstream and Downstream Market Analysis
Cost and Gross Margin Analysis
Marketing Status Analysis
Market Report Conclusion
Research Methodology and Reference
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