Saudi Arabia Acetic Acid Market Size & Outlook, 2022-2030
Saudi Arabia acetic acid market, 2018-2030 (US$M)
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Saudi Arabia acetic acid market highlights
- The Saudi Arabia acetic acid market generated a revenue of USD 554.8 million in 2022 and is expected to reach USD 917.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.5% 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 554.8 million |
| Market revenue in 2030 | USD 917.2 million |
| Growth rate | 6.5% (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, Saudi Arabia accounted for 4.3% 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 Middle East & Africa, Saudi Arabia acetic acid market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 917.2 million by 2030.
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Acetic Acid Market Scope
Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 40.66% in 2022. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia has some acetic acid production capacity, primarily through companies like Saudi International Petrochemical Company (Sipchem) and others. The demand for acetic acid in Saudi Arabia is influenced by various factors such as the expansion of the petrochemical industry, the growth of industries such as electronics, automobiles, textiles, and packaging, and the demand for medicines in the country. It serves as a key raw material in the production of various chemicals, plastics, and synthetic fibers.
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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 Saudi Arabia acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia acetic acid market size, by application, 2018-2030 (US$M)
Saudi Arabia Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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