U.S. Acetic Acid Market Size & Outlook, 2022-2030
U.S. acetic acid market, 2018-2030 (US$M)
Related Markets
U.S. acetic acid market highlights
- The U.S. acetic acid market generated a revenue of USD 1,886.8 million in 2022 and is expected to reach USD 3,212.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.9% 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 1,886.8 million |
| Market revenue in 2030 | USD 3,212.3 million |
| Growth rate | 6.9% (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, U.S. accounted for 14.6% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Acetic Acid Market Scope
Acetic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 41.59% in 2022. Horizon Databook has segmented the U.S. 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 acetic acid market in the U.S. is driven by the increase in demand from the pharmaceutical, food & beverage, and paints & coatings industries. The U.S. is also home to several leading acetic acid manufacturers and suppliers like LyondellBasell Acetyls, LLC and Silverline Chemicals. The presence of these key manufacturing companies is expected to further boost the market.
In addition, the U.S. is one of the leading consumers of VAM due to being the leading consumer of paints and coatings. The coatings segment is expected to be the major market in the U.S. due to the increasing residential and non-residential constructions after its recovery from the global economic crisis. Rising GDP, growing urbanization, and increasing consumption expenditure are also encouraging this growth.
Recently, paints & coatings market in the U.S. has benefited from low raw material costs and crude oil prices. The market is also growing due to the government stimulus packages and rising employment rates. Therefore, the growth of acetic acid market can be attributed to the growth of VAM application segments in the region.
Reasons to subscribe to U.S. acetic acid market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. acetic acid market databook
-
Our clientele includes a mix of acetic acid market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. acetic acid market , including forecasts for subscribers. This country databook contains high-level insights into U.S. acetic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. acetic acid market size, by application, 2018-2030 (US$M)
U.S. Acetic Acid Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
