Brazil Acetic Acid Market Size & Outlook, 2022-2030
Brazil acetic acid market, 2018-2030 (US$M)
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Brazil acetic acid market highlights
- The Brazil acetic acid market generated a revenue of USD 478.5 million in 2022 and is expected to reach USD 796.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.6% from 2023 to 2030.
- In terms of segment, vinyl acetate monomer was the largest revenue generating application in 2022.
- Vinyl Acetate Monomer is the most lucrative application segment registering the fastest growth during the forecast period.
Acetic acid market data book summary
| Market revenue in 2022 | USD 478.5 million |
| Market revenue in 2030 | USD 796.0 million |
| Growth rate | 6.6% (CAGR from 2022 to 2030) |
| Largest segment | Vinyl acetate monomer |
| Fastest growing segment | Vinyl Acetate Monomer |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol |
| 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, Brazil accounted for 3.7% of the global acetic acid market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil acetic acid market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 796.0 million by 2030.
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Acetic Acid Market Scope
Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 40.67% in 2022. Horizon Databook has segmented the Brazil acetic acid market based on vinyl acetate monomer, acetic anhydride, acetate esters, purified terephthalic acid, ethanol covering the revenue growth of each sub-segment from 2018 to 2030.
According to IMF World Economic Outlook, Brazil is expected to have a moderate growth rate of 1.9% in 2022 in terms of real GDP. The overall growth of the country’s economy is expected to have a positive impact on each industry of the country.
The growing demand for acetic acid from industries like meat, processed food, and the easy availability of raw material are expected to fuel the growth of the acetic acid market in the region. The food and beverage segment is anticipated to witness a significant growth in the country over the forecast period. The growth is due to a change in consumer preference to ready-to-eat food.
The processed food market is expected to boost as the young and working populations of the country are consuming processed food owing to their easy availability at local retail outlets. Processed food can be consumed anytime and be easily stored for a longer time. Keeping the processed food fresh and consumable is creating demand for acetic acid which is used as preservative and also during the manufacturing process of processed food.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into Brazil acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil acetic acid market size, by application, 2018-2030 (US$M)
Brazil Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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