Global Acetic Acid Market to Reach $28 Billion by 2030
The global market for Acetic Acid estimated at US$19.2 Billion in the year 2022, is projected to reach a revised size of US$28 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. VAM, one of the segments analyzed in the report, is projected to record a 4.9% CAGR and reach US$10.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Acetates segment is readjusted to a revised 3.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.2 Billion, While China is Forecast to Grow at 8.1% CAGR
The Acetic Acid market in the U.S. is estimated at US$5.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.8 Billion by the year 2030.Select Competitors (Total 17 Featured) -
- BP p.l.c.
- BP PETRONAS Acetyls Sdn Bhd
- Celanese Corporation
- Chang Chun Petrochemical Co., Ltd.
- China Petrochemical Development Corporation, Ltd.
- Daicel Corporation
- Eastman Chemical Company
- Gujarat Narmada Valley Fertilizers Company Limited
- Jiangsu Sopo (Group) Co., Ltd
- Jubilant Life Sciences Limited
- Kuraray Co., Ltd.
- Lotte BP Chemicals Co., Ltd.
- LyondellBasell Industries
- Showa Denko K.K.
- Sinopec Sichuan Vinylon Works
- Wacker Chemie AG
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- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BP p.l.c.
- BP PETRONAS Acetyls Sdn Bhd
- Celanese Corporation
- Chang Chun Petrochemical Co., Ltd.
- China Petrochemical Development Corporation, Ltd.
- Daicel Corporation
- Eastman Chemical Company
- Gujarat Narmada Valley Fertilizers Company Limited
- Jiangsu Sopo (Group) Co., Ltd
- Jubilant Life Sciences Limited
- Kuraray Co., Ltd.
- Lotte BP Chemicals Co., Ltd.
- LyondellBasell Industries
- Showa Denko K.K.
- Sinopec Sichuan Vinylon Works
- Wacker Chemie AG
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 263 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 19.2 Billion |
Forecasted Market Value ( USD | $ 28 Billion |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |