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The global acetic acid market size reached a value of USD 24.41 Billion in 2024 and is projected to grow at a CAGR of 5.10% from 2025-2034, aiming for a value of USD 40.14 Billion by 2034. The remarkable growth of the global acetic acid market is fueled by growing demand in a number of sectors, such as food and beverages, textiles, and pharmaceuticals. Acetic acid is a key raw material in the manufacturing of vinyl acetate monomer (VAM), which is used extensively in adhesives, coatings, and paints. Its increasing usage in food preservation and chemical manufacture is also propelling market growth. Major players such as Celanese Corporation, LyondellBasell Industries, and Eastman Chemical Company are significantly investing in increasing production capacities to address this increasing demand. There is also a growth in the production of bio-based acetic acid, complying with sustainability trends.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Acetic acid is widely used in the food processing sector as a flavouring agent, preservative, and acidulant, especially in dressings, sauces, condiments, and pickles. As per the India Brand Equity Foundation, the India food processing industry reached a value of USD 866 billion in 2022. With the rapid growth of the food processing industry in both developed and developing countries, the demand for raw materials, including acetic acid, is surging.
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The growing environmental consciousness is creating lucrative acetic acid market opportunities. Manufacturers of acetic acid such as Sekab and Lenzing are adopting green production processes and environmentally friendly packaging to meet evolving sustainability needs. They are also integrating circular economy models by recycling acetic acid within production chains, hence promoting sustainable use of resources. In the forecast period, surging investments in alternative feedstocks and green technologies to make acetic acid production more eco-friendly are likely to bolster the market.
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In the pharmaceuticals sector, acetic acid is used in the production of various medicines, including aspirin, paracetamol, and other acetylated compounds. Hence, the robust growth of the pharmaceuticals sector, especially in emerging economies like China and India, is boosting the demand for acetic acid for producing active pharmaceutical ingredients (APIs).
Global Acetic Acid Market Share
As per the acetic acid market analysis, China currently represents a leading market for acetic acid. The growing penetration of polymer manufacturers in the country is contributing to the growth of the market. As acetic acid has applications across an array of industries, including paints and coatings and chemicals, rapid industrialisation and urbanisation observed in China are likely to add to the growth of the acetic acid demand growth. The country is witnessing increasing government investments in the construction sector, along with the expansion of multiple manufacturing projects, which is expected to enhance acetic acid demand across major domains in the forecast period.
Meanwhile, the North America acetic acid market is expected to witness significant growth owing to the increase in acetic acid production in the region. The use of acetic acid in the meat industry has significantly increased and has emerged as one of the region's most important application sectors.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 24.41 Billion.
The market is experiencing steady growth, driven by increasing demand in textiles, pharmaceuticals, and packaging industries, garnering a 5.10% CAGR through 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 40.14 Billion by 2034.
Rising demand for intermediates like acetic acid in pharmaceuticals, plastics, and adhesives is the major market driver.
The key acetic acid market trends include increasing acceptance of bio-based acetic acid, technological advancements, improvements in production capacities, and growing demand for plastics and textiles.
The major regional markets for acetic acid, according to the report, are China, North America, Western/Eastern Europe, North East Asia, South East Asia and the Middle East and Africa.
The different applications of acetic acid in the market are vinyl acetate monomer (VAM), purified terephthalic acid (PTA), anhydride, ethyl acetate, and butyl acetate.
The various end use industries in the market for acetic acid are plastics and polymers, food and beverages, inks, paints, and coatings, chemicals, and pharmaceuticals, among others.
The major players in the market, according to the report are SABIC, Eastman Chemical Company, Gujarat Narmada Valley Fertilizers & Chemicals Limited, Dow, British Petroleum, LyondellBasell Industries Holdings B.V., HELM AG ,Indian Oil Corporation Ltd., Celanese Corporation, Jiangsu Sopo, Chang Chun Group, Daicel Corporation, Mitsubishi Chemical Corporation., Svensk Etanolkemi AB (SEKAB), INEOS Group Holdings S.A, Global Chemical Resources, Altiras Chemicals LLC, Saudi Basic Industries Corporation, and Anant Pharmaceuticals Pvt. Ltd., among others.
The vinyl acetate monomer (VAM) segment holds the largest market share due to its extensive use in adhesives, paints, and coatings.
Growth in pharmaceuticals, textiles, plastics, and food preservation, along with sustainability initiatives, is driving the market.
Asia Pacific held the highest market share due to strong demand from China and India in textiles, packaging, and pharmaceuticals.
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