China Acetic Acid Market Size & Outlook, 2022-2030
China acetic acid market, 2018-2030 (US$M)
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China acetic acid market highlights
- The China acetic acid market generated a revenue of USD 2,263.7 million in 2022 and is expected to reach USD 4,295.3 million by 2030.
- The China market is expected to grow at a CAGR of 8.3% 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 2,263.7 million |
| Market revenue in 2030 | USD 4,295.3 million |
| Growth rate | 8.3% (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, China accounted for 17.6% 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 Asia Pacific, China acetic acid market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,709.0 million by 2030.
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Acetic Acid Market Scope
Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 40.66% in 2022. Horizon Databook has segmented the China 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.
China dominated the acetic acid market in the Asia Pacific region in terms of consumption of acetic acid. The growth can be attributed to increasing demand for paints and coatings industry from consumers owing to increasing population, growing household income, and changing lifestyle habits. Acetic acid is also used in the production of paints and coatings.
It is used to enhance adhesion property for paints and coatings for construction and automobile applications. China is experiencing a major manufacturing boom. The country is the world's largest construction market, accounting for 20% of all construction investment worldwide.
According to China State Construction Engineering Corporation (CSCEC), China is predicted to spend about USD 13 trillion on construction. The construction and manufacturing industry has strong growth prospects in the country, which will have a positive impact on the demand for acetic acid.
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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 China acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into China acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China acetic acid market size, by application, 2018-2030 (US$M)
China Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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