Germany Acetic Acid Market Size & Outlook, 2022-2030
Germany acetic acid market, 2018-2030 (US$M)
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Germany acetic acid market highlights
- The Germany acetic acid market generated a revenue of USD 537.6 million in 2022 and is expected to reach USD 1,036.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.6% 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 537.6 million |
| Market revenue in 2030 | USD 1,036.5 million |
| Growth rate | 8.6% (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, Germany accounted for 4.2% 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 Europe, Germany acetic acid market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,036.5 million by 2030.
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Acetic Acid Market Scope
Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 40.59% in 2022. Horizon Databook has segmented the Germany 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.
Germany is among the largest markets for acetic acid in the European region, which can be attributed to the increasing demand for acetic acid from the food & beverage industry. The presence of several major food processing companies and exporters, such as Andresen Trading GmbH & Co. and H.-P. Klughardt GmbH, among others, is expected to drive the market growth in the coming years.
On the other hand, Germany has one of the top pharmaceutical industries in the world. The country has strong healthcare infrastructure and services, driven by constant progress of the healthcare system and multiple ongoing R&D activities.
The growing need for protein-based food products, rising consumer preference for ready to cook food products, and rising consumption of poultry meat are the main drivers of this industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into Germany acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany acetic acid market size, by application, 2018-2030 (US$M)
Germany Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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