Global Acetic Acid Market Will Cross $16bn By 2024

Share Article

Global Acetic Acid Market Will Cross $16bn By 2024

Acetic Acid Market is expected to hit USD 16 billion by 2024. The acetic acid market will witness substantial gains due to increased demand in the manufacturing of purified terephthalic acid (PTA) and vinyl acetate monomer (VAM). It is majorly consumed in producing photographic chemicals, diketene, camphor, and mono chloroacetic acid that drives its market. Global chemical industry was above USD 5 trillion in 2013, its size has almost doubled in the last decade. This, positive outlook of chemical industry will boost product's consumption.

Acetic anhydride had a size of more than 1,400 kilo tons in 2016 in acetic acid market. Its extensive applications are in the production of medicines such as acetaminophen and aspirin. It is consumed in producing modified starches, that act as a food preservative as it is stable against mild acids and heat. These starches are ingredients of food products viz muesli bars, mayonnaises, sauces, flavored toppings, cake mixes, frozen cakes, ice-cream and frozen foods.

Request for a sample of this research report @

Acetic acid is used as a raw material in an array of downstream chemicals. Vinegar is one such chemical, commonly used for cooking, and has recently developed as a food ingredient. Consumer awareness related to health benefits by consumption of vinegar in recommended quantity is rising its demand in food items. The global food market will grow at a CAGR of above 4% till 2024, escalating food industry and vinegar usage in these products will complement acetic acid market growth.

Europe had a size of above USD 1.4 billion in 2016 in the acetic acid market. Flourishing frozen food market in Spain, Italy and Germany will increase compound's demand as a food preservative.

The market is fragmented in nature with small and medium scale manufacturers including Saudi International Petrochemicals, Wacker Chemie, DuPont, Sinopec, PetroChina, LyondellBasell Industries, HELM AG, GNFC Limited, Daicel Corporation, and Mitsubishi Chemical. Major companies dominating the market are Sopo, Celanese, Eastman Chemicals and Bharat Petroleum.

Make an inquiry for purchasing this report @

Chapter 2.  Executive Summary

2.1.  Acetic acid industry 360° synopsis, 2013 – 2024

2.1.1.    Business trends

2.1.2.    Application trends

2.1.3.    Regional trends

Chapter 3.  Acetic Acid Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2013 - 2024

3.3.  Industry ecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distributor channel analysis

3.4.  Industry impact forces

3.4.1.    Growth drivers    Increasing usage of VAM in multiple industries    Consumption of purified terephthalic acid (PTA) in PET bottles

3.4.2.    Industry pitfalls & challenges    Wavering prices of methanol

3.5.  Regional price trends

3.5.1.    Cost structure analysis

3.5.2.    Raw material trends

3.6.  Growth potential analysis

3.7.  Technology & innovation landscape

3.7.1.    Synthesis of acetic acid from bio-based materials gaining impetus

3.8.  Bio-based acetic acid market potential & scope

3.8.1.    Feedstocks analysis    Sugar    Corn    Cheese whey waste    Poplar trees    Others (food waste, corn mill stillage, bakery residual etc.)

3.8.2.    Raw material analysis    Bio-ethanol    Bio-methanol    Biomass-based butanediol    Bio-derived syngas    Others

3.8.3.    Technology landscape

3.8.4.    Penetration price

3.8.5.    Commercialization status

3.8.6.    Addressable market potential    Market estimates and forecasts, 2013 - 2024    Market estimates and forecasts by region, 2013 – 2024

3.8.7.    List of bio-acetic acid manufacturers

3.8.8.    Potential customers

3.9.  Regulatory trends

3.9.1.    U.S.

3.9.2.    Europe

3.9.3.    China

3.10.  Porter's analysis

3.11.  Company market share analysis, 2016

3.11.1.   Strategy dashboard

3.12.    PESTEL analysis

Read our Blog:

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Media Contact: Jignesh Thakkar, Global Market Insights, Inc., +13028467766,

News distributed by PR Newswire iReach:


SOURCE Global Market Insights, Inc.

Share article on social media or email:

View article via:

Pdf Print