Canada Acetic Acid Market Size & Outlook, 2022-2030
Canada acetic acid market, 2018-2030 (US$M)
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Canada acetic acid market highlights
- The Canada acetic acid market generated a revenue of USD 709.0 million in 2022 and is expected to reach USD 1,195.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% 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 709.0 million |
| Market revenue in 2030 | USD 1,195.9 million |
| Growth rate | 6.8% (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, Canada accounted for 5.5% 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 North America, U.S. acetic acid market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,212.3 million by 2030.
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Acetic Acid Market Scope
Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 40.73% in 2022. Horizon Databook has segmented the Canada 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.
Canada’s economy is diversified and highly developed, and the backbone of the economy is foreign trade. The U.S. is by far its largest trade partner. Foreign trade is responsible for about 45% of the region’s GDP. Canada is one of the few developed countries that are net exporters of energy.
The high standards of living of the people of Canada have positioned it as an international leader in per capita coatings consumption rates at 8.4 kg per person similar to that of the U.S. Its industrial output, which is directly proportional to the country’s GDP, continues to post good results.
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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 country-level data and insights on the Canada acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into Canada acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada acetic acid market size, by application, 2018-2030 (US$M)
Canada Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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