Japan Acetic Acid Market Size & Outlook, 2022-2030
Japan acetic acid market, 2018-2030 (US$M)
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Japan acetic acid market highlights
- The Japan acetic acid market generated a revenue of USD 287.4 million in 2022 and is expected to reach USD 540.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.2% 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 287.4 million |
| Market revenue in 2030 | USD 540.1 million |
| Growth rate | 8.2% (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, Japan accounted for 2.2% 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 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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Japan 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 40.81% in 2022. Horizon Databook has segmented the Japan 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 the World Economic Forum, Japan is the third-largest economy in the world by nominal gross domestic product (GDP), representing 7.86% of the world’s economy. It is the fourth largest country, in terms of purchasing power parity (PPP), according to the International Monetary Fund (IMF). It is one of the leading countries in in product innovation.
High production of vehicles is expected to spur the demand for paints and coatings in the country which will boost the demand for acetic acid. According to the Japan Paint Manufacturers' Association, Japanese manufacturers create 30% of all global automotive coatings, giving them the market's greatest share, ahead of European manufacturers with 25% and the U.S. with 19%.
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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 Japan acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into Japan acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan acetic acid market size, by application, 2018-2030 (US$M)
Japan Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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