Market revenue in 2022 | USD 162.0 million |
Market revenue in 2030 | USD 299.4 million |
Growth rate | 8% (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 |
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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 41.17% in 2022. Horizon Databook has segmented the South Korea 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 chemical sector in South Korea has been rapidly increasing in the recent years. The need for highquality, advanced chemical products, and associated substance production creates an opportunity for chemical manufacturers of the U.S. in South Korea.
While local and third-country providers are becoming increasingly competitive, there is tremendous demand for highly creative raw materials for chemical manufacturing from the U.S. South Korea is a reliable market for raw and intermediate chemicals used in the manufacturing of finished pharmaceutical, cosmetic, and surfactant goods for the U.S.
The growth in chemical industry in the country is leading to the increasing demand for acetic acid market. According to the Korean Statistical Information Service (KOSIS), the construction industry was declining primarily due to the pandemic, due to which the government is taking initiatives to boost the construction industry in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into South Korea acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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