Acetic Acid Market Size & Share, by Application (Vinyl Acetate Monomer [VAM], Purified Terephthalic Acid [PTA], Ester Solvents, Acetic Anhydride); End-user (Plastics & Polymers, Food & Beverages, Inks, Paints, & Coatings, Chemicals, Pharmaceuticals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4490
  • Published Date: Feb 27, 2023
  • Report Format: PDF, PPT

Companies Dominating the Acetic Acid Landscape

    • BP p.l.c
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • LyondellBasell Industries Holdings B.V.
    • Daicel Corporation
    • Shandong Hualu-Hengsheng Chemical Co., Ltd.
    • Jiangsu SOPO (Group) Co., Ltd.
    • Kingboard Holdings Limited
    • Eastman Chemical Company
    • Lonza
    • Wacker Chemie AG
    • Celanese Corporation

Browse Key Market Insights with Data Illustration:


In The News

  • BP p.l.c. and Lotte together agreed to expand the production capacity of their joint venture BP Lotte Chemical Company Limited in Ulsan of South Korea. This is estimated to double the current 200,000 tons per year of vinyl acetate monomer (VAM) and add 100,000 tons per year of acetic acid capacity.

  • INEOS Capital Limited to build a world-scale acetic plant and related derivatives on the US Gulf Coast.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4490
  • Published Date: Feb 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for vinegar, increasing photography and filmmakers are the major factors driving the growth of the acetic acid market.

The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2033.

Harmful effects of acetic acid and the reduction in consumption of vinyl acetate monomer are the challenges affecting the market growth.

The market in North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are BP p.l.c, LyondellBasell Industries Holdings B.V., Daicel Corporation, Shandong Hualu-Hengsheng Chemical Co., Ltd., Jiangsu SOPO (Group) Co., Ltd., Kingboard Holdings Limited, Eastman Chemical Company, Lonza, Wacker Chemie AG, and Celanese Corporation.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, end-user, and by region.

The paints and coatings segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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