Acetic Acid Market Projected to Grow from USD 10.90 Billion in 2023 to USD 15.55 Billion by 2030, With a CAGR of 5.2%
Acetic Acid Market Valued at USD 10.90 Billion in 2023, Projected to Expand at a 5.2% CAGR through 2030
Summary: The Acetic Acid market was valued at USD 10.90 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.2%, reaching nearly USD 15.55 billion by 2030. A comprehensive market analysis by Maximize Market Research explores the factors influencing market dynamics, segments, and competitive landscape.
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Market Size: The Acetic Acid market size in 2023 stood at USD 10.90 billion, with forecasts indicating significant growth. The anticipated CAGR of 5.2% suggests a robust upward trajectory, driven by increasing demand across various end-use industries.
Scope and Research Methodology: Maximize Market Research conducted extensive primary and secondary research to compile a comprehensive report on the Acetic Acid market. This involved analyzing market dynamics, trends, and competitive landscapes to offer valuable insights for stakeholders.
Report Coverage: The report covers key aspects of the Acetic Acid market, including its size, share, growth trends, demand forecasts, leading players, and opportunities for investment. A detailed analysis of market segments and sub-segments provides a complete picture of the market landscape.
Overview: Acetic Acid is a vital chemical used in various applications, including plastics, food and beverages, adhesives, paints, coatings, and pharmaceuticals. Its versatility and significance in industrial processes contribute to the market's growth potential.
Dynamics: Key drivers of the Acetic Acid market include the increasing demand for vinyl acetate monomer, rising applications in the food and beverage industry, and the expansion of the plastics sector. Economic factors and technological advancements also play critical roles in shaping the market landscape.
Segmentation: The Acetic Acid market can be segmented as follows:
- By End Use:
- Plastics and Polymer
- Food and Beverage
- Adhesives
- Paints and Coatings
- Pharmaceuticals
- By Derivative Outlook:
- Diclofenac
- Ketorolac
- Tolmetin
- Indomethacin
- By Manufacturing Process:
- Biological Route
- Synthetic Route (including Paraffin Oxidation, Methanol Carbonylation, Olefin Oxidation, and Terephthalic/Isophthalic Acid Coproduct)
- By Application:
- Vinyl Acetate Monomer
- Acetic Anhydride
- Acetate Esters
- Purified Terephthalic Acid
- Ethanol
- Others
Key Players Include:
- Wacker Chemie
- Saudi International Petrochemicals
- DuPont
- Eastman Chemical Company
- Jiangsu Sopo (Group) Co., Ltd.
- British Petroleum
- Celanese Corporation
- Mitsubishi Chemical Corporation
- Daicel Corporation
- GNFC Limited
- HELM AG
- LyondellBasell Industries N.V.
- PetroChina
- Sinopec
- Indian Oil Corporation
- Dow Chemicals
Key Offerings: The report emphasizes the competitive environment, profiling key players based on market share, growth potential, and operational capabilities. It also includes insights into product portfolios and strategic initiatives undertaken by leading companies.
Table of Contents:
- Executive Summary
- Market Size and Forecast
- Scope and Methodology
- Overview of Acetic Acid
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Key Players
- Conclusion
- About Us
For further details, feel free to reach out to us at any time: https://www.maximizemarketresearch.com/market-report/acetic-acid-market/13313/
About Us: Maximize Market Research is a leading market research and business consulting firm that provides insights and strategies to clients across various industries, including chemicals, IT, and healthcare. Our focus on delivering practical solutions has earned us the trust of numerous Fortune 500 companies.
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