Asia Pacific Acetic Acid Market Size & Outlook, 2026-2033
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Asia Pacific acetic acid market highlights
- The Asia Pacific acetic acid market generated a revenue of USD 4,674.0 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, vinyl acetate monomer was the largest revenue generating application in 2023.
- Vinyl Acetate Monomer is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,674.0 million |
| Market revenue in 2030 | USD 8,194.4 million |
| Growth rate | 8.4% (CAGR from 2024 to 2030) |
| Largest segment | Vinyl acetate monomer |
| Fastest growing segment | Vinyl Acetate Monomer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vinyl Acetate Monomer, Acetate Esters, Purified Terephthalic Acid, Ethanol, Acetic Anhydride, Other Application |
| Key market players worldwide | Eastman Chemical Co, Celanese Corp Class A, LyondellBasell Industries NV Class A, SABIC, Helm AG, Daicel Corp, Dow Inc, INEOS, Indian Oil Corporation, Gujarat Narmada Valley Fertilizers & Chemicals |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.9% of the global acetic acid market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,194.4 million by 2030.
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Acetic Acid Market Scope
Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gujarat Narmada Valley Fertilizers & Chemicals | View profile | 1001-5000 | Bharuch, Gujarat, India, Asia | https://www.gnfc.in |
| Indian Oil Corporation | View profile | 10001+ | New Delhi, Delhi, India, Asia | https://www.iocl.com/ |
| Helm AG | View profile | 1001-5000 | Hamburg, Hamburg, Germany, Europe | https://www.helmag.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Daicel Corp | View profile | 12480 | Grand Front Osaka Tower-B, 3-1, Ofuka-cho, Kita-ku, Osaka, Japan | http://www.daicel.com |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
Asia Pacific acetic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to acetic acid market will help companies and investors design strategic landscapes.
Vinyl acetate monomer was the largest segment with a revenue share of 44.39% in 2025. Horizon Databook has segmented the Asia Pacific acetic acid market based on vinyl acetate monomer, acetate esters, purified terephthalic acid, ethanol, acetic anhydride, other application covering the revenue growth of each sub-segment from 2021 to 2033.
The growth of the acetic acid market is directly related to the development of region’s pharmaceutical, industrial, and chemical sectors as well as the overall economic growth of the region. According to the International Monetary Fund forecast, the Asia Pacific region is expected to register a high growth rate of 6.4% in 2022 as compared to the 4.9% global rate.
Vinyl acetate monomer is an application of acetic acid which is used in the manufacturing process of polyvinyl acetate resins which is primarily used in paints and coatings industry. The rapid urbanization and robust building sector growth in several APAC countries provide abundant prospects for vinyl acetate monomer market players.
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Target buyers of Asia Pacific acetic acid market databook
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Our clientele includes a mix of acetic acid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific acetic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific acetic acid market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Asia Pacific acetic acid market size, by country, 2021-2033 (US$M)
Asia Pacific Acetic Acid Market Outlook Share, 2025 & 2033 (US$M)
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