Market revenue in 2022 | USD 2,746.4 million |
Market revenue in 2030 | USD 4,651.1 million |
Growth rate | 6.8% (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 |
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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 41.32% in 2022. Horizon Databook has segmented the North America 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.
The North American acetic acid market growth is majorly driven by the food and beverage industry. Other factors contributing to the growth of the acetic acid market in the region is the increasing demand from the paints and coatings industries. Acetic acid is used in water-based paints, coatings, and adhesives in the form of vinyl acetate monomer.
Overall economic growth in the region, increase in household income, as well as consumer expenditure, and changes in consumer lifestyle, have led to the changes in the dietary patters of the population. This has positively impacted the demand for meat products in North America. The application of acetic acid in meat industry has witnessed exceptional rise and this has become one of the prominent application markets in the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America acetic acid market , including forecasts for subscribers. This continent databook contains high-level insights into North America acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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