The Asia Pacific Acetic Acid Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 8,101.5 Kilo Tonnes, showcasing a growth of 2.6% (2019-2022).
The versatility of acetic acid as a preservative, flavor enhancer, and essential ingredient in popular products such as vinegar, combined with shifting consumer preferences and expanding the food and beverage industry in upcoming markets, ensures a steady demand for acetic acid in this industry. However, other acids or chemicals may be substituted for specific applications for acetic acid. In the food & beverage industry, citric acid, lactic acid, and other organic acids can sometimes supplant acetic acid in particular applications.
The product sector is highly competitive due to the presence of multinational corporations. A few major corporations, like SABIC, Eastman Chemical Company, HELM AG, and Indian Oil, are continually investing in research and development to improve their competitiveness. These businesses engage in collaborative ventures and production capacity expansion to obtain a competitive advantage.
Regional participants, notably in Asia, play a significant role in addition to the global powers. For example, numerous acetic acid manufacturers in China serve the domestic market and export to neighboring nations. The demand for acetic acid is moderately consolidated, with a small number of market leaders controlling a substantial share. This concentration can result in aggressive pricing strategies and entry barriers for newer or lesser competitors.
The Asia Pacific market, vibrant and dynamic, stands as a testament to the region's rapidly burgeoning industrial capabilities and its strategic positioning in the global chemical industry. With a blend of established economies like Japan and rapidly growing giants like China and India, the market in this region is multifarious, characterized by a vast spectrum of production scales, technological sophistication, and consumption patterns. It reflects the interplay of traditional industries with cutting-edge innovations, vast production scales with intricate trade dynamics, and established economies with emerging powerhouses. In the coming years, the market's adaptability, resilience, and commitment to growth will shape its path, reinforcing Asia Pacific's position as a leader in the market.
The China market dominated the Asia Pacific Acetic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.3 billion by 2029. The India market is estimated to witness a CAGR of 5% during (2023 - 2030). Additionally, The Japan market would register a CAGR of 4.1% during (2023 - 2030).
Based on Type, the market is segmented into Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid, Ethanol, and Others. Based on countries, the market is segmented into China, India, Japan, South Korea, Indonesia, Australia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Acetic Acid Market is Projected to reach USD 28.4 Billion by 2030, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eastman Chemical Company, Celanese Corporation, The Dow Chemical Company (Dow Corning Ltd.), Indian Oil Corporation Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Limited, Daicel Corporation, Airedale Chemical Holdings Limited, Helm AG, SABIC (Saudi Arabian Oil Company), and LyondellBasell Industries Holdings B.V.
Scope of the Study
Market Segments Covered in the Report:
By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
- Vinyl Acetate Monomer
- Acetic Anhydride
- Acetate Esters
- Purified Terephthalic Acid
- Ethanol
- Others
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
- China
- India
- Japan
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Eastman Chemical Company
- Celanese Corporation
- The Dow Chemical Company (Dow Corning Ltd.)
- Indian Oil Corporation Ltd.
- Gujarat Narmada Valley Fertilizers & Chemicals Limited
- Daicel Corporation
- Airedale Chemical Holdings Limited
- Helm AG
- SABIC (Saudi Arabian Oil Company)
- LyondellBasell Industries Holdings B.V.
TABLE 1 Asia Pacific Acetic Acid Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Acetic Acid Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Vinyl Acetate Monomer Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Vinyl Acetate Monomer Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Vinyl Acetate Monomer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Vinyl Acetate Monomer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Acetic Anhydride Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Acetic Anhydride Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Acetic Anhydride Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Acetic Anhydride Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Acetate Esters Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Acetate Esters Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Acetate Esters Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Acetate Esters Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Purified Terephthalic Acid Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Purified Terephthalic Acid Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Purified Terephthalic Acid Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Purified Terephthalic Acid Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Ethanol Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Ethanol Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Ethanol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Ethanol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Acetic Acid Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Acetic Acid Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Acetic Acid Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Acetic Acid Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 China Acetic Acid Market, 2019 - 2022, USD Million
TABLE 38 China Acetic Acid Market, 2023 - 2030, USD Million
TABLE 39 China Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 40 China Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 41 China Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 42 China Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 43 China Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 44 China Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 45 India Acetic Acid Market, 2019 - 2022, USD Million
TABLE 46 India Acetic Acid Market, 2023 - 2030, USD Million
TABLE 47 India Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 48 India Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 49 India Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 50 India Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 51 India Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 52 India Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 53 Japan Acetic Acid Market, 2019 - 2022, USD Million
TABLE 54 Japan Acetic Acid Market, 2023 - 2030, USD Million
TABLE 55 Japan Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Japan Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Japan Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 58 Japan Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 59 Japan Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 60 Japan Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 61 South Korea Acetic Acid Market, 2019 - 2022, USD Million
TABLE 62 South Korea Acetic Acid Market, 2023 - 2030, USD Million
TABLE 63 South Korea Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 64 South Korea Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 65 South Korea Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 66 South Korea Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 67 South Korea Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 68 South Korea Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 69 Indonesia Acetic Acid Market, 2019 - 2022, USD Million
TABLE 70 Indonesia Acetic Acid Market, 2023 - 2030, USD Million
TABLE 71 Indonesia Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Indonesia Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Indonesia Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 74 Indonesia Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 75 Indonesia Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 76 Indonesia Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 77 Australia Acetic Acid Market, 2019 - 2022, USD Million
TABLE 78 Australia Acetic Acid Market, 2023 - 2030, USD Million
TABLE 79 Australia Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Australia Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Australia Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 82 Australia Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 83 Australia Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 84 Australia Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of Asia Pacific Acetic Acid Market, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Acetic Acid Market, 2023 - 2030, USD Million
TABLE 87 Rest of Asia Pacific Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of Asia Pacific Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of Asia Pacific Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of Asia Pacific Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 94 Key Information – Celanese Corporation
TABLE 95 Key Information – The Dow Chemical Company
TABLE 96 Key Information – Indian Oil Corporation Ltd.
TABLE 97 Key Information – Gujarat Narmada Valley Fertilizers & Chemicals Limited
TABLE 98 Key Information – Daicel Corporation
TABLE 99 Key Information – Airedale Chemical Holdings Limited
TABLE 100 Key Information – Helm AG
TABLE 101 Key Information – SABIC
TABLE 102 Key Information – LyondellBasell Industries Holdings B.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Acetic Acid Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Acetic Acid Market
FIG 4 Porter’s Five Force Analysis: Acetic Acid Market
FIG 5 Asia Pacific Acetic Acid Market share by Type, 2022
FIG 6 Asia Pacific Acetic Acid Market share by Type, 2030
FIG 7 Asia Pacific Acetic Acid Market by Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Acetic Acid Market share by Country, 2022
FIG 9 Asia Pacific Acetic Acid Market share by Country, 2030
FIG 10 Asia Pacific Acetic Acid Market by Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: Eastman Chemical Company
FIG 12 SWOT Analysis: Celanese Corporation
FIG 13 SWOT Analysis: The Dow Chemical Company
FIG 14 SWOT Analysis: Indian Oil Corporation Ltd.
FIG 15 SWOT Analysis: Gujarat Narmada Valley Fertilizers & Chemicals Limited
FIG 16 SWOT Analysis: Daicel Corporation
FIG 17 SWOT Analysis: Airedale Chemical Holdings Limited
FIG 18 SWOT Analysis: HELM AG
FIG 19 SWOT Analysis: SABIC
FIG 20 SWOT Analysis: LyondellBasell Industries Holdings B.V.