South Africa Acetic Acid Market Size & Outlook, 2022-2030
South Africa acetic acid market, 2018-2030 (US$M)
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South Africa acetic acid market highlights
- The South Africa acetic acid market generated a revenue of USD 216.3 million in 2022 and is expected to reach USD 351.0 million by 2030.
- The South Africa 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 216.3 million |
| Market revenue in 2030 | USD 351.0 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, South Africa accounted for 1.7% 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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South Africa 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 40.92% in 2022. Horizon Databook has segmented the South Africa 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.
South Africa has a well-established pharmaceutical manufacturing sector that produces a wide range of pharmaceutical products, including generic medicines, vaccines, and over-the-counter drugs. Several local pharmaceutical companies operate manufacturing facilities in the country.
The industry is highly regulated by the South African Health Products Regulatory Authority (SAHPRA), which ensures the safety, efficacy, and quality of pharmaceutical products. The development of the pharmaceutical industry in the country is expected to fuel the growth of acetic acid market over the forecast period.
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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 South Africa acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into South Africa acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa acetic acid market size, by application, 2018-2030 (US$M)
South Africa Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
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