Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Acetic Acid Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Acetic Acid Market Growth?
The market size for acetic acid has been on a consistent growth trajectory. The industry was valued at $16.16 billion in 2024 and is anticipated to reach $16.86 billion in 2025, growing at a compound annual growth rate (CAGR) of 4.4%.
What Is the Predicted Industry Size and CAGR of the Acetic Acid Market in 2029?
The Acetic Acid market is projected to grow to $21.54 billion in 2029, with a compound annual growth rate (CAGR) of 6.3%.
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Which Factors Are Driving Growth in the Acetic Acid Market?
The key Drivers in the acetic acid market are:
• Increased expansion in the textile industry
• Extensive use of acetic acid in the production of textiles and fabrics
• Acetic acid's key role in the manufacturing of artificial materials and dyes
• The predicted growth of the global textile market
Which Segment Trends Are Covered in the Acetic Acid Market Forecast?
The acetic acidmarket covered in this report is segmented –
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
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What Are the Current Market Trends in the Acetic Acid Industry?
The key trends in the acetic acid market are:
• The acetic acid market is experiencing a trend towards the development of sustainable products, specifically green ethanol-based acetic acid.
• Companies are using principles of green chemistry in their production processes.
• There is a rising interest in creating acetic acid products for the growing food preservative market.
• Utilization of natural, bio-based feedstocks over traditional petroleum-derived materials is increasingly favored.
Who are the Key Companies in the Acetic Acid Market?
The key players in the acetic acid market are:
• 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 Regional Trends Across the Acetic Acid Market?
Asia-Pacific was the largest region in the acetic acid market analysis in 2024
