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Soaring Acetic Acid Market: Industry Growth Driven by Bio-based Production, Robust CAGR and Financial Trends
Soaring Acetic Acid Market
What Is The Projected Market Size Of The Global Acetic Acid Market And Its Growth Rate?
Acetic Acid Market, a booming segment within the chemical industry, exhibits robust growth:
• Market size rose from $16.16 billion in 2024 to $17.09 billion in 2025, reflecting a 5.8% CAGR.
• Factors contributing to this growth include expansion in chemical industry, textile and fiber production, surface coating applications, and increasing use in pharmaceuticals, paper and pulp industry and water treatment.
• Future projections indicate a strong growth trajectory reaching $22.18 billion in 2029 at a 6.7% CAGR.
• This potential growth is associated with bio-based acetic acid production, increasing demand for ethyl acetate, expansion of packaging industry, focus on green chemistry, increasing demand for acetic anhydride and use in automotive coatings.
What Is Driving The Growth In The Acetic Acid Market?
The acetic acid market growth is being driven by a surge in the textile sector. Acetic acid finds extensive use in the textile industry, contributing to the production of rayon, latex, artificial materials, and fabric dyeing. According to a report by Royale International, the predicted size of the global textile market was $993.6 billion in 2021, projected to grow to $1,032.1 billion in 2022. This expansion of the textile sector is boosting the growth of the acetic acid market.
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Who Are the Key Players Driving Acetic Acid Market Growth?
Dominant players in the acetic acid market include:
• Eastman Chemical Company
• LyondellBasell Industries NV
• Daicel Corporation
• Shanghai Huayi Group Corporation Limited
• Celanese Corporation
• BP PLC
• Saudi Basic Industries Corporation (SABIC)
• HELM AG
• Airedale Chemical Company Limited
• Indian Oil Corporation Limited
• Wacker Chemie AG
• DuPont de Nemours Inc.
• Mitsubishi Chemical Corporation
• Showa Denko K.K.
• Kingboard Chemical Holdings Ltd.
• Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
• Jubilant Life Sciences Limited
• China Petroleum & Chemical Corporation (Sinopec)
• PetroChina Company Limited
• Jiangsu Danhua Group Co. Ltd.
• Chang Chun Group
• Chongqing Chuandong Chemical (Group) Co. Ltd.
• China National Chemical Corporation
• Yankuang Cathay Coal Chemicals Co. Ltd.
• Sinochem Group
• Sichuan Vinylon Works
• Shandong Yankuang Group Co. Ltd.
• Sasol Limited
• Saudi International Petrochemical Company
• Solvay SA
• Kuraray Co. Ltd.
• The Procter & Gamble Company
What Are The Key Trends In The Acetic Acid Market?
The acetic acid market projects a series of key trends:
• Investments in research and development.
• Market consolidation and mergers & acquisitions.
• Advancements in food preservation technologies.
• Global economic trends and trade dynamics.
• Strategic collaborations and partnerships.
What Are The Segments Of The Global Acetic Acid Market?
The acetic acid market is divided into the following segments:
1) By Sales Channel: Direct Company Sale, Direct Import, Distributors And Traders, Retailers
2) By Application: Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol, Other Applications
3) By End-Use: Food And beverages, Paints And coating, Plastics And Polymers, Pharmaceutical, Chemicals, Other End-Uses
Which Region Leads The Acetic Acid Market?
Asia-Pacific stood as the largest region in the acetic acid market in 2024 and is expected to remain the fastest-growing region in the forecast period. The report provides an analysis of various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Acetic Acid Market Global Market Report?
- Market Size Analysis: Analyze the Acetic Acid Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Acetic Acid Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Acetic Acid Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Acetic Acid Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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