Europe Acetic Acid Market Size & Outlook, 2022-2030
Europe acetic acid market, 2018-2030 (US$M)
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Europe acetic acid market highlights
- The Europe acetic acid market generated a revenue of USD 3,160.3 million in 2022.
- The market is expected to grow at a CAGR of 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 3,160.3 million |
| Market revenue in 2030 | USD 5,855.3 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Vinyl acetate monomer |
| Fastest growing segment | Vinyl Acetate Monomer |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 24.5% of the global acetic acid market in 2022.
- 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 |
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Europe 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 40.56% in 2022. Horizon Databook has segmented the Europe 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.
Europe is the third-largest consumer of acetic acid across the globe due to the presence of a huge consumer base for processed food products, resulting in significant demand for acetic acid from the food & beverages industry. The use of acetic acid as a preservative in processed meat is expected to boost its consumption in the region.
The food & beverage industry is one of the largest application segments of the market. This is mostly due to changing eating preferences of consumers. Apart from the use of acetic acid in the food & beverages industry, it is also widely utilized in the paints & coatings and pharmaceutical industries, which is likely to positively impact the growth of the acetic acid market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe acetic acid market , including forecasts for subscribers. This continent databook contains high-level insights into Europe acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe acetic acid market size, by country, 2018-2030 (US$M)
Europe Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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