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Global Acetic Acid Market Size Study, by Concentration (Concentrated, Dilute, Glacial 99.5%, Glacial 99.6%, Glacial 99.8%, Glacial 99.9%), by Form (Crystallized, Liquid), by Grade (Food Grade, Industrial Grade, Pharmaceutical Grade, Reagent Grade), by Application (Acetate Esters, Acetic Anhydride, Butyl Acetate, Ethanol, Purified Terephthalic Acid, Vinyl Acetate Monomer), by End User (Agriculture, Chemicals, Food & Beverages, Paints & Coating, Pharmaceutical, Plastics & Polymers), and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: GCE2F6288853EN
Bizwit Research & Consulting LLP

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The Global Acetic Acid Market is valued approximately at USD 7.85 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2024-2032. Acetic acid, an organic compound with a distinct sour taste and pungent smell, is primarily composed of vinegar and water. Its extensive usage in the chemical industry as a precursor for producing compounds such as vinyl acetate monomer, purified terephthalic acid, and acetic anhydride underscores its significance. The burgeoning demand in the food & beverage sector, alongside its expanding application within the pharmaceutical industry, continues to drive the acetic acid market. However, challenges such as raw material price volatility, environmental concerns related to production and disposal, and stringent regulatory frameworks might impede its growth across various end-use applications. Despite these hurdles, advancements in technology paving the way for more sustainable production processes, the exploration of bio-based acetic acid, and its use in manufacturing greener solvents for the paint and coatings industry present promising growth opportunities.
The global acetic acid market is marked by significant adoption of glacial acetic acid, driven by its extensive use in industrial applications. Glacial acetic acid, the anhydrous form containing no water, is highly valued for its purity and efficacy in producing esters for fragrances and flavors and as a solvent in numerous chemical reactions. This pure form, often in concentrations of 99.5% to 99.9%, is critical in applications requiring minimal impurities, such as high-quality solvents and pharmaceutical processes. The preference for concentrated acetic acid solutions in industrial applications further underlines the market's growth trajectory.
Regionally, the acetic acid market's dynamics vary, with the Americas showing stable demand supported by the packaging, textiles, and food industries. In Europe, stringent environmental regulations foster innovation and sustainable production methods. The Asia-Pacific region, particularly China, India, and Japan, exhibits robust demand driven by industrialization and manufacturing expansion, making it a key player in the global market landscape. The Middle East and Africa also present growth opportunities, fueled by industrialization and investments in the chemical sector to diversify economies.
Key market players driving the acetic acid market include
Altiras Chemicals LLC
Anant Pharmaceuticals Pvt. Ltd.
Ashok Alco Chem Limited
Azelis Group NV
BP PLC
Celanese Corporation
Central Drug House (P) Ltd.
China Petroleum & Chemical Corporation
Daicel Corporation
Eastman Chemical Company
Godavari Biorifineries Limited
HELM AG
Indian Oil Corporation Ltd.
INEOS AG
Mitsubishi Chemical Corporation.
The detailed segments and sub-segment of the market are explained below:
By Concentration
• Concentrated
• Dilute
• Glacial 99.5%
• Glacial 99.6%
• Glacial 99.8%
• Glacial 99.9%
By Form
• Crystallized
• Liquid
By Grade
• Food Grade
• Industrial Grade
• Pharmaceutical Grade
• Reagent Grade
By Application
• Acetate Esters
• Acetic Anhydride
• Butyl Acetate
• Ethanol
• Purified Terephthalic Acid
• Vinyl Acetate Monomer
By End User
• Agriculture
• Chemicals
• Food & Beverages
• Paints & Coating
• Pharmaceutical
• Plastics & Polymers
By Region:
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Spain
o Italy
o ROE
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
o RoAPAC
• Latin America
o Brazil
o Mexico
• Middle East & Africa
o Saudi Arabia
o South Africa
o RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL ACETIC ACID MARKET EXECUTIVE SUMMARY

1.1. Global Acetic Acid Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Concentration
  1.3.2. By Form
  1.3.3. By Grade
  1.3.4. By Application
  1.3.5. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL ACETIC ACID MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL ACETIC ACID MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Demand in Food & Beverage Industry
  3.1.2. Expanding Application in Pharmaceutical Industry
  3.1.3. Technological Advancements in Sustainable Production
3.2. Market Challenges
  3.2.1. Volatility in Raw Material Prices
  3.2.2. Environmental Concerns
  3.2.3. Stringent Regulatory Frameworks
3.3. Market Opportunities
  3.3.1. Exploration of Bio-Based Acetic Acid
  3.3.2. Application in Greener Solvents
  3.3.3. Increasing Industrial Applications

CHAPTER 4. GLOBAL ACETIC ACID MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ACETIC ACID MARKET SIZE & FORECASTS BY CONCENTRATION 2022-2032

5.1. Segment Dashboard
5.2. Global Acetic Acid Market: Concentration Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Concentrated
  5.2.2. Dilute
  5.2.3. Glacial 99.5%
  5.2.4. Glacial 99.6%
  5.2.5. Glacial 99.8%
  5.2.6. Glacial 99.9%

CHAPTER 6. GLOBAL ACETIC ACID MARKET SIZE & FORECASTS BY FORM 2022-2032

6.1. Segment Dashboard
6.2. Global Acetic Acid Market: Form Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Crystallized
  6.2.2. Liquid

CHAPTER 7. GLOBAL ACETIC ACID MARKET SIZE & FORECASTS BY GRADE 2022-2032

7.1. Segment Dashboard
7.2. Global Acetic Acid Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Food Grade
  7.2.2. Industrial Grade
  7.2.3. Pharmaceutical Grade
  7.2.4. Reagent Grade

CHAPTER 8. GLOBAL ACETIC ACID MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

8.1. Segment Dashboard
8.2. Global Acetic Acid Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Acetate Esters
  8.2.2. Acetic Anhydride
  8.2.3. Butyl Acetate
  8.2.4. Ethanol
  8.2.5. Purified Terephthalic Acid
  8.2.6. Vinyl Acetate Monomer

CHAPTER 9. GLOBAL ACETIC ACID MARKET SIZE & FORECASTS BY END USER 2022-2032

9.1. Segment Dashboard
9.2. Global Acetic Acid Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  9.2.1. Agriculture
  9.2.2. Chemicals
  9.2.3. Food & Beverages
  9.2.4. Paints & Coating
  9.2.5. Pharmaceutical
  9.2.6. Plastics & Polymers

CHAPTER 10. GLOBAL ACETIC ACID MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Acetic Acid Market
  10.1.1. U.S. Acetic Acid Market
    10.1.1.1. Concentration breakdown size & forecasts, 2022-2032
    10.1.1.2. Form breakdown size & forecasts, 2022-2032
    10.1.1.3. Grade breakdown size & forecasts, 2022-2032
    10.1.1.4. Application breakdown size & forecasts, 2022-2032
    10.1.1.5. End User breakdown size & forecasts, 2022-2032
  10.1.2. Canada Acetic Acid Market
    10.1.2.1. Concentration breakdown size & forecasts, 2022-2032
    10.1.2.2. Form breakdown size & forecasts, 2022-2032
    10.1.2.3. Grade breakdown size & forecasts, 2022-2032
    10.1.2.4. Application breakdown size & forecasts, 2022-2032
    10.1.2.5. End User breakdown size & forecasts, 2022-2032
10.2. Europe Acetic Acid Market
  10.2.1. U.K. Acetic Acid Market
  10.2.2. Germany Acetic Acid Market
  10.2.3. France Acetic Acid Market
  10.2.4. Spain Acetic Acid Market
  10.2.5. Italy Acetic Acid Market
  10.2.6. Rest of Europe Acetic Acid Market
10.3. Asia-Pacific Acetic Acid Market
  10.3.1. China Acetic Acid Market
  10.3.2. India Acetic Acid Market
  10.3.3. Japan Acetic Acid Market
  10.3.4. Australia Acetic Acid Market
  10.3.5. South Korea Acetic Acid Market
  10.3.6. Rest of Asia Pacific Acetic Acid Market
10.4. Latin America Acetic Acid Market
  10.4.1. Brazil Acetic Acid Market
  10.4.2. Mexico Acetic Acid Market
  10.4.3. Rest of Latin America Acetic Acid Market
10.5. Middle East & Africa Acetic Acid Market
  10.5.1. Saudi Arabia Acetic Acid Market
  10.5.2. South Africa Acetic Acid Market
  10.5.3. Rest of Middle East & Africa Acetic Acid Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. Altiras Chemicals LLC
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Anant Pharmaceuticals Pvt. Ltd.
  11.3.3. Ashok Alco Chem Limited
  11.3.4. Azelis Group NV
  11.3.5. BP PLC
  11.3.6. Celanese Corporation
  11.3.7. Central Drug House (P) Ltd.
  11.3.8. China Petroleum & Chemical Corporation
  11.3.9. Daicel Corporation
  11.3.10. Eastman Chemical Company

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Acetic Acid market, report scope
TABLE 2. Global Acetic Acid market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Acetic Acid market estimates & forecasts by Concentration 2022-2032 (USD Billion)
TABLE 4. Global Acetic Acid market estimates & forecasts by Form 2022-2032 (USD Billion)
TABLE 5. Global Acetic Acid market estimates & forecasts by Grade 2022-2032 (USD Billion)
TABLE 6. Global Acetic Acid market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 7. Global Acetic Acid market estimates & forecasts by End User 2022-2032 (USD Billion)
TABLE 8. U.S. Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Canada Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. UK Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Germany Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. France Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Spain Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Italy Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. China Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. India Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. Japan Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. Australia Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. South Korea Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Brazil Acetic Acid market estimates & forecasts, 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Acetic Acid market, research methodology
FIG 2. Global Acetic Acid market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Acetic Acid market, key trends 2023
FIG 5. Global Acetic Acid market, growth prospects 2022-2032
FIG 6. Global Acetic Acid market, porters 5 force model
FIG 7. Global Acetic Acid market, PESTEL analysis
FIG 8. Global Acetic Acid market, value chain analysis
FIG 9. Global Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Acetic Acid market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Acetic Acid market, regional snapshot 2022 & 2032
FIG 15. North America Acetic Acid market 2022 & 2032 (USD Billion)
FIG 16. Europe Acetic Acid market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific Acetic Acid market 2022 & 2032 (USD Billion)
FIG 18. Latin America Acetic Acid market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Acetic Acid market 2022 & 2032 (USD Billion)
FIG 20. Global Acetic Acid market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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