Acetic Acid companies

Key Acetic Acid Market Players:

The acetic acid market is dominated by a group of large multinational chemical companies competing on technology advancements, strategic capacity expansion, and rising emphasis on sustainability. The leading players are heavily investing in conventional and bio-based production technologies to target different end-use markets and meet shifting regulatory needs.

One of the most significant recent news stories in the competitive news is the February 2024 historic 10-year deal between the climate-tech company Again and international chemical distributor HELM AG. The agreement, which involves the supply of 50,000 tonnes of low-carbon acetic acid made through the use of CO₂ fermentation tech, represents a major turning point toward sustainable, price-efficient options. Not only does this partnership disrupt conventional production methods, but it also sets a new standard for environmental stewardship in the industry, illustrating the way innovation in green chemistry is transforming the future of the acetic acid market.

Here are some leading companies in the acetic acid market:

Company	Country of Origin	Market Share 2037 (%) (Projected)
Celanese Corporation	USA	16.5
Eastman Chemical Company	USA	9.0
BP Plc	Europe (UK)	7.5
LyondellBasell Industries N.V.	Europe (Netherlands)	7.2
INEOS	Europe (UK)	7.0
Wacker Chemie AG	Europe (Germany)	xx
Sinopec	Asia (China)	xx
Daicel Corporation	Asia (Japan)	xx
SABIC	Asia (Saudi Arabia)	xx
Indian Oil Corporation Ltd	Asia (India)	xx
Gujarat Narmada Valley Fertilizers & Chemicals	Asia (India)	xx
Lotte Chemical Corporation	Asia (South Korea)	xx
PETRONAS Chemicals Group Berhad	Asia (Malaysia)	xx
HELM AG	Europe (Germany)	xx
Incitec Pivot Limited	Australia	xx

Below are the areas covered for each company in the acetic acid market:

• Company Overview
• Business Strategy
• Key Product Offerings
• Financial Performance
• Key Performance Indicators
• Risk Analysis
• Recent Development
• Regional Presence
• SWOT Analysis