Worldwide Acetic Acid Market Size to Surpass $32.68 Billion By 2032, With CAGR of 4.4%

Acetic Acid Market Size Worth $32.68 Billion By 2032 | CAGR: 4.4%

acetic acid market size is expected to reach USD 32.68 Billion by 2032, according to a new study by Polaris Market Research. The report Acetic Acid Market Share, Size, Trends, Industry Analysis Report, By Application; (Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Acetic Anhydride); By End Use; By Region; Market size & Forecast To, 2024 - 2032 gives a detailed insight into current market dynamics and provides analysis on future market growth.

Acetic acid as a chemical reagent, it is utilized in the production of a variety of chemical compounds. Acetic acid makes vinegar, acetic anhydride, vinegar, and vinyl acetate monomer. It is used in producing synthetic fibers, textiles, and photographic film as an industrial chemical and chemical reagent. As a consequence of the rise of the textile sector, the acetic acid market is rising.

Acetate esters are derived from acetic acid and are widely used in the production of paints and coatings, and printing inks. Consumers' increased desire to improve the beauty of their homes is impacting global demand for paint and coatings. Because of growing car sales, the automotive industry is also driving up demand for paints. This has a direct influence on the global market demand for acetate esters.

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Acetic acid is mainly utilized in the production of vinegar, which is a popular component in meals and personal care products. Vinegar is found in pickling solutions, marinades, and salad dressings. Furthermore, it reduces the risk of salmonella contamination in meat and poultry products.

However, ethanoic acid usage is increasing due to expansion in the chemical industry and increased demand from end-use sectors such as the building and textile industries. Growing investments and development of manufacturing facilities by major firms such as Celanese and BP Plc have resulted in market growth for ethanoic acid.

Acetic Acid Market Report Highlights

  • Purified Terephthalic Acid (PTA) chemical is expected to largest market share over the forecast period, due to its largely used in production of polyester products.
  • North America dominated the industry globally and is likely to maintain its dominance over the anticipated period, due to in high uses of acetic acids in food and beverages, pharmaceuticals, etc.
  • The global key market players include Helm AG, Indian Oil Corporation, Jiangsu SOPO (Group) Co. Ltd, Daicel Corporation, Pentoky, Organy India Limited, Eastman Chemical Company, Celanese Corporation, and INEOS Group.

Polaris Market Research has segmented acetic acid market report based on application, end use and region:

Acetic acid Market Application Outlook (Revenue - USD Billion, 2019-2032)

  • Vinyl Acetate Monomer (VAM)
  • Purified Terephthalic Acid (PTA)
  • Acetate Ester
  • Acetic Anhydride

Acetic acid, End Use Outlook (Revenue - USD Billion, 2019-2032)

  • Food and beverages
  • Paints and coating
  • Plastics & Polymers
  • Pharmaceutical
  • Chemicals
  • Others

Acetic acid, Regional Outlook (Revenue - USD Billion, 2019-2032)

  • North America
  • U.S.
  • Mexico
  • Canada
  • Europe
  • Germany
  • UK
  • Italy
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Latin America
  • Argentina
  • Brazil
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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