The global Acetic Acid market has swelled to reach demand of approximately 17 million tonnes in 2024 and is expected to grow at a CAGR of 4.24% during the forecast period until 2035.
Acetic acid is a colourless organic compound with a distinctive odor, sour taste, and smell. Acetic acid is produced industrially via two routes which are methanol carbonylation, and ethylene oxidation. Methanol carbonylation is the preferred route for oven ethylene oxidation. Major technology licensors for acetic acid production technologies include British Petroleum, Celanese, Eastman's acetyls technology, and LyondellBasell. Like ethanol, acetic acid is a hydrophilic solvent. It easily mixes with water, chloroform, and hexane and dissolves substances like oils, sulphur, and iodine. Acetic acid is employed as a chemical reagent to produce numerous chemical compounds like acetic anhydride, ester, vinyl acetate monomer (VAM), and several other polymeric materials. Acetic acid is also used to make vinegar which contains 5 percent acetic acid and 95 percent water which finds application in the food & beverage sector in marinades, pickling solutions, and other salad dressings. In order to reduce contamination in meat and poultry products, vinegar can also be added during food preparation.
The primary market driver for the global Acetic Acid market is its usage for the synthesis of Vinyl Acetate Monomer (VAM). VAM is used for the production of vinyl acetate homopolymers, vinyl acetate/ethylene (VAE), ethylene/vinyl acetate (EVA) copolymers, polyvinyl alcohol (PVOH), and ethylene vinyl alcohol (EVOH). These chemicals are further used in various sectors like paints, textiles, wire and cable polyethylene (PE) compounds, layered safety glass, and packaging materials. Growing demand for these chemicals by numerous industries such as plastic and polymer, and food and beverage packaging is expected to drive the demand for acetic acid during the forecast period. Due to its use in the production of pharmaceutical chemicals, such as acetylsalicylic acid (aspirin), and other pharmaceuticals, the pharmaceutical industry is a significant user of acetic anhydride, which further augments the market expansion. The global Acetic Acid market is expected to expand significantly and touch nearly 27 million tonnes by 2035.
Based on demand by region, Asia Pacific dominates the global Acetic Acid market. In 2024, Asia Pacific consumed approximately 63% of total Acetic Acid globally produced. This region is anticipated to foresee a market expansion that is linked to the rising demand for acetic acid by polymer and chemical manufacturing which are used in a number of sectors, including textiles, medicines, construction, and automobiles. Asia Pacific also holds the majority production capacity of Acetic Acid with China being the key player. Furthermore, China is the hub of polymers and plastics, and many companies have set up manufacturing plants. However, North America is the second largest consumer of acetic acid followed by Europe.
Based on the end-user industry, the global Acetic Acid market is segmented into Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ethyl Acetate, Acetic anhydride, and Others. Although, Vinyl Acetate Monomer (VAM) is the biggest end-user industry in the market. This industry consumed approximately 37% of the market in 2024 and is anticipated to domain the market in the forecast period as well. Vinyl acetate is employed to make polyvinyl acetate, a polymer frequently used in paints, adhesives, plasticizers, and textile finishes. Acetic anhydride is used to manufacture cellulose acetate fibers and other plastics used for photographic film, clothing, and paints & coatings. Purified Terephthalic Acid (PTA), is used to manufacture PET plastic resin, further used in food containers, synthetic fibers, bottles, and plastic films for packaging purposes.
Major players in the production of Global Acetic Acid are Celanese Corporation, Eastman Chemical Company, Chang Chun Petrochemical, Yankuang Cathay Coal Chemical Co. Ltd., Jiangsu Sopo Group Co., Ltd and Others.
Years considered for this report:
Historical Period: 2015- 2023
Base Year: 2024
Estimated Year: 2025
Forecast Period: 2026-2035
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Objective of the Study:
• To assess the demand-supply scenario of Acetic Acid which covers production, demand and supply of Acetic Acid market in the globe.
• To analyse and forecast the market size of Acetic Acid
• To classify and forecast Global Acetic Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetic Acid market in the globe.
To extract data for Global Acetic Acid market, primary research surveys were conducted with Acetic Acid manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Acetic Acid market over the coming years.
ChemAnalyst calculated Acetic Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Acetic Acid across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Acetic Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Acetic Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acetic Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Acetic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2024
17 million tonnes
Market size Volume by 2035
27 million tonnes
Growth Rate
CAGR of 4.24% from 2025 to 2035
Base year for estimation
2025
Historic Data
2015 – 2024
Forecast period
2026 – 2035
Quantitative units
Demand in million tonnes and CAGR from 2025 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Country-wise import, country-wise export
Segments covered
By End-Use: [Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ethyl Acetate, Acetic anhydride, and Others]
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Acetic Acid market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Acetic Acid.
3. Capacity By Location
To better understand the regional supply of Acetic Acid by analyzing its manufacturers' location-based capacity.
4. Production By Company
Study the historical annual production of Acetic Acid by the leading players and forecast how it will grow in the coming years.
5. Demand by End- Use
Discover which end-user industry [Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ethyl Acetate, Acetic anhydride, and Others] are creating a market and the forecast for the growth of the Acetic Acid market.
6. Demand by Region
Analysing the change in demand of Acetic Acid in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
7. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Acetic Acid. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
8. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Acetic Acid.
9. Company Share
Figure out what proportion of the market share of Acetic Acid is currently held by leading players across the globe.
10. Country-wise Export
Get details about quantity of Acetic Acid exported by major countries.
11. Country-wise Import
Get details about quantity of Acetic Acid imported by major countries.
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supply of the product in the market at a Global level.
What is the expected demand by volume of the global Acetic Acid market by 2035?
Ans:
It is expected that the demand by volume of the global Acetic Acid market will reach approximately 27 million tonnes by 2035.
Q2.
What are the major end-use industries utilizing Acetic Acid?
Ans:
The majority of the global Acetic Acid is consumed by Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ethyl Acetate, and Acetic anhydride end-use industries.
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