Mexico Acetic Acid Market Size & Outlook, 2022-2030
Mexico acetic acid market, 2018-2030 (US$M)
Related Markets
Mexico acetic acid market highlights
- The Mexico acetic acid market generated a revenue of USD 150.6 million in 2022 and is expected to reach USD 242.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% 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 150.6 million |
| Market revenue in 2030 | USD 242.9 million |
| Growth rate | 6.2% (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, Mexico accounted for 1.2% 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 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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Mexico 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 40.64% in 2022. Horizon Databook has segmented the Mexico 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.
Mexico exports significantly to the U.S., and thus, the outlook for economic growth in the country is affected by changes in the U.S. economy. As a result of the weak housing sector and labor market and the start of moderate fiscal consolidation in the U.S., there has been a slowdown in the Mexican economy.
There is a housing deficit in the country because of the poor performance of the construction sector during the economic slowdown, which is expected to encourage new construction in the residential segment in the near future, which is driving the paints & coatings segment which is one of the major end-use industries of 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 Mexico acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into Mexico acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico acetic acid market size, by application, 2018-2030 (US$M)
Mexico Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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