Chemicals

Vinyl Acetate Monomer (VAM) Is The Fastest Growing Segment Fueling The Growth Of Acetic Acid Market

Ashish Thapa

Vinyl Acetate Monomer (VAM) Is The Fastest Growing Segment Fueling The Growth Of Acetic Acid Market

The global Acetic Acid Market is estimated to be valued at US$ 14.63 Bn in 2023 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview

Acetic acid, also known as ethanoic acid, is a colorless liquid organic compound produced through carbon monoxide oxidation of an ethanol or methanol feedstock. It is mainly used in the production of vinyl acetate monomer (VAM), purified terephthalic acid (PTA), and acetate esters. The unique advantages of acetic acid include application in food additives, fragrances, medicines, and more.

Market key trends

One of the key trends driving the growth of the acetic acid market is the growing demand for vinyl acetate monomer (VAM). VAM is a derivative of acetic acid and finds major application in the production of textiles, paints & coatings, adhesives & sealants, and other end-use industries. The increasing construction activities along with the rising household and industrial usage of paints and textiles are fueling the demand for vinyl acetate monomer, thereby boosting the consumption of acetic acid across the globe.

Segment Analysis

The global acetic acid market is dominated by the vinyl acetate monomer (VAM) sub-segment. About 60% of acetic acid produced globally is used to manufacture VAM, which is primarily used to produce polyvinyl acetate (PVA) polymers. These polymers find application in adhesives, paints, coatings and paper processing industries. The VAM sub-segment is dominating due to the high demand for PVA polymers from these end-use industries.

Key Takeaways

The global Acetic Acid Market Share is expected to witness high growth, exhibiting CAGR of 9.7% over the forecast period, due to increasing demand from food and beverage industry.

Regional analysis - Asia Pacific dominates the global acetic acid market and is expected to maintain its dominance throughout the forecast period. China, India and Japan are the fastest growing markets in the region due to presence of large end-use industries in these countries. North America and Europe hold a significant share due to high demand from food and beverage industries in these regions.

Key players - Key players operating in the acetic acid market are Celanese Corporation, British Petroleum, Eastman Chemical Company, Jiangsu Sopo (Group) Co., Ltd., China Petroleum & Chemical Corporation (Sinopec), Lyondell Basell Industries, Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Company, PetroChina Co. Ltd., PetroChina Co. Ltd., BASF SE. Celanese Corporation is the largest producer of acetic acid globally.

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Ashish Thapa

Acetic Acid Market Trends by Key Players, End User, Demand, Analysis Growth and Forecast 2030 - ChemAnalyst

ChemAnalyst 2021-12-22

According to ChemAnalyst report, “Acetic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. com/industry-report/acetic-acid-market-609Acetic acid, known also as glacial acetic acid (100% pure) or ethanoic acid. Industrially, Acetic acid is produced via two processes such as methanol carbonylation (Synthetically), and ethylene oxidation (by Bacterial fermentation). Majority of the Acetic Acid produce worldwide is through carbonylation of Methanol while Acetic Acid synthesized by ethylene oxidation is around 10% only and prominently for vinegar production. For acetic acid production technologies, major technology licensors include Eastman, British Petroleum, Celanese, and LyondellBasell.

Acetic Acid Market Challenges, Trends & Growth Report by 2032: AMR

amol 2023-08-03

Allied Market Research published a new report, titled, Acetic Acid Market. The report provides revenue forecast with sales, and sales growth rate of the global Acetic Acid market. com/acetic-acid-market/purchase-options Key Benefits: The report provides a qualitative and quantitative analysis of the current Acetic Acid market trends, forecasts, and market size from 2023 to 2032 to determine the prevailing opportunities. reqfor=covid About Us: Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. com Follow us on LinkedIn and Twitter

(U.S Acetic Acid Market) 2022 Strategic And Tactical Decision-Making Support With Risk Side Analysis

damini 2023-01-01

It also includes detailed analysis of Acetic Acid market, including key factors influencing the market growth. com/sample/665141The Acetic Acid market report is segmented by types and applications alongside the contemporary analysis regarding the current global market scenario, the latest trends and the overall market surrounding. Regions covered in the “Acetic Acid market” report:The countries covered in the Acetic Acid market report are U. Besides, the market study affirms the leading players worldwide in the Global Acetic Acid market. Their key marketing strategies and advertising techniques have been highlighted to offer a clear understanding of the Global Acetic Acid market.

Forecasting the Growth of the Acetic Acid Market during 2023-2030

Pooja salve 2023-07-28

The Acetic Acid Market has witnessed significant growth over the years, driven by its diverse applications in numerous industries. To make an accurate forecast, analyzing the historical growth trajectory of the Acetic Acid Market is essential. Shift towards Bio-based Acetic Acid: Environmental concerns and sustainability initiatives have led to a rise in demand for bio-based acetic acid, derived from renewable sources, which is likely to impact the market dynamics. Based on the current trends and growth drivers, the Acetic Acid Market is projected to experience steady growth in the coming years. Forecasting the growth of the Acetic Acid Market involves a comprehensive analysis of various factors influencing its trajectory.

Acetic Acid Market Segmentation, Industry Analysis, Top Key Players

gogo 2023-06-12

According to the research report, the global acetic acid market was valued at USD 21. Additionally, the SWOT analysis method is used in the study to evaluate the growth of the most Acetic Acid Market key players. In addition, suggestions and guidance for new entrants in the market have been given that carefully directs existing businesses for accelerated Acetic Acid Market expansion. com/industry-analysis/acetic-acid-marketAbout Us:Polaris Market Research is a worldwide market research and consulting organization. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

Plant-Based Foods Is Fastest Growing Segment Fueling The Growth Of Acetic Acid Market

Ashish Thapa 2023-12-01

Production of plant-based meat alternatives such as tofu, tempeh and seitan involves coagulation process which requires acetic acid. The global Acetic Acid Market Growth is estimated to be valued at US$ 14. This is because synthetic acetic acid is more cost effective and offers better purity levels as compared to natural acetic acid. Key Takeaways The global acetic acid market is expected to witness high growth, exhibiting CAGR of 9. Europe dominated the acetic acid market in 2023 and accounted for more than 30% of the global acetic acid consumption.

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