The North America Acetic Acid Market would witness market growth of 4.5% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 4,585.1 Kilo Tonnes, showcasing a growth of 2.7% (2019-2022).
The development is attributed to the increasing need for products in various industries like construction, pharmaceuticals, and textiles. It is used to manufacture pigments and coatings. The demand for paints & coatings is increasing as the desire to improve the aesthetics of homes increases, thereby driving up the need for the product. In North America, acetic acid is extensively used in the culinary and beverage industry. Increasing food consumption in the region directly affects the product's demand.
As an effective preservative, acetic acid helps extend the expiration life of many of these commodities. There is a growing demand for "clean label" products, in which consumers search out foods with natural constituents and no added chemicals. As a naturally occurring constituent of numerous foods, acetic acid suits well within this paradigm. Food manufacturers are seeking natural alternatives in response to increasing consumer awareness and opposition to synthetic preservatives. As a natural preservative, acetic acid inhibits microbial proliferation in food products.
The region's industrial robustness, advanced manufacturing infrastructure, and strong emphasis on research and development have rendered it a pivotal hub in the acetic acid value chain. At the production front, North America, with the U.S. at its helm, ranks among the world's top-tier acetic acid producers. The exploration of innovative production methods, the discovery of avant-garde applications, and a genuine drive towards sustainable and eco-friendly practices all find their genesis in this research ecosystem. In summation, the North America market, with its intricate interplay of production prowess, consumption dynamics, trade intricacies, and research-centric approach, is a prominent layer in the market globally.
The US market dominated the North America Acetic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.9 billion by 2029. The Canada market is poised to grow at a CAGR of 4.9% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 4.8% 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 U.S., Mexico, Canada, and Rest of North America.
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)
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Acetic Acid Market, by Type
1.4.2 North America Acetic Acid Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. North America Acetic Acid Market by Type
4.1 North America Vinyl Acetate Monomer Market by Country
4.2 North America Acetic Anhydride Market by Country
4.3 North America Acetate Esters Market by Country
4.4 North America Purified Terephthalic Acid Market by Country
4.5 North America Ethanol Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Acetic Acid Market by Country
5.1 US Acetic Acid Market
5.1.1 US Acetic Acid Market by Type
5.2 Canada Acetic Acid Market
5.2.1 Canada Acetic Acid Market by Type
5.3 Mexico Acetic Acid Market
5.3.1 Mexico Acetic Acid Market by Type
5.4 Rest of North America Acetic Acid Market
5.4.1 Rest of North America Acetic Acid Market by Type
Chapter 6. Company Profiles
6.1 Eastman Chemical Company
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.5.2 Acquisition and Mergers:
6.1.6 SWOT Analysis
6.2 Celanese Corporation
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 The Dow Chemical Company (Dow Corning Ltd.)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 SWOT Analysis
6.4 Indian Oil Corporation Ltd.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 SWOT Analysis
6.5 Gujarat Narmada Valley Fertilizers & Chemicals Limited
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 SWOT Analysis
6.6 Daicel Corporation
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 SWOT Analysis
6.7 Airedale Chemical Holdings Limited
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 Helm AG
6.8.1 Company Overview
6.8.2 SWOT Analysis
6.9 SABIC (Saudi Arabian Oil Company)
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 SWOT Analysis
6.1 LyondellBasell Industries Holdings B.V.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expenses
6.10.5 SWOT Analysis
TABLE 1 North America Acetic Acid Market, 2019 - 2022, USD Million
TABLE 2 North America Acetic Acid Market, 2023 - 2030, USD Million
TABLE 3 North America Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 6 North America Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 7 North America Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Vinyl Acetate Monomer Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Vinyl Acetate Monomer Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Vinyl Acetate Monomer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Vinyl Acetate Monomer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Acetic Anhydride Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Acetic Anhydride Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Acetic Anhydride Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Acetic Anhydride Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Acetate Esters Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Acetate Esters Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Acetate Esters Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Acetate Esters Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Purified Terephthalic Acid Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Purified Terephthalic Acid Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Purified Terephthalic Acid Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Purified Terephthalic Acid Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Ethanol Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Ethanol Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Ethanol Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Ethanol Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Acetic Acid Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Acetic Acid Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Acetic Acid Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Acetic Acid Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 US Acetic Acid Market, 2019 - 2022, USD Million
TABLE 38 US Acetic Acid Market, 2023 - 2030, USD Million
TABLE 39 US Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 40 US Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 41 US Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 42 US Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 43 US Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 44 US Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 45 Canada Acetic Acid Market, 2019 - 2022, USD Million
TABLE 46 Canada Acetic Acid Market, 2023 - 2030, USD Million
TABLE 47 Canada Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 48 Canada Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 49 Canada Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 50 Canada Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 51 Canada Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 52 Canada Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 53 Mexico Acetic Acid Market, 2019 - 2022, USD Million
TABLE 54 Mexico Acetic Acid Market, 2023 - 2030, USD Million
TABLE 55 Mexico Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Mexico Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Mexico Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 58 Mexico Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 59 Mexico Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 60 Mexico Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 61 Rest of North America Acetic Acid Market, 2019 - 2022, USD Million
TABLE 62 Rest of North America Acetic Acid Market, 2023 - 2030, USD Million
TABLE 63 Rest of North America Acetic Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 64 Rest of North America Acetic Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 65 Rest of North America Acetic Acid Market by Type, 2019 - 2022, USD Million
TABLE 66 Rest of North America Acetic Acid Market by Type, 2023 - 2030, USD Million
TABLE 67 Rest of North America Acetic Acid Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 68 Rest of North America Acetic Acid Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 70 Key Information – Celanese Corporation
TABLE 71 Key Information – The Dow Chemical Company
TABLE 72 Key Information – Indian Oil Corporation Ltd.
TABLE 73 Key Information – Gujarat Narmada Valley Fertilizers & Chemicals Limited
TABLE 74 Key Information – Daicel Corporation
TABLE 75 Key Information – Airedale Chemical Holdings Limited
TABLE 76 Key Information – Helm AG
TABLE 77 Key Information – SABIC
TABLE 78 Key Information – LyondellBasell Industries Holdings B.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Acetic Acid Market share by Type, 2022
FIG 6 North America Acetic Acid Market share by Type, 2030
FIG 7 North America Acetic Acid Market by Type, 2019 - 2030, USD Million
FIG 8 North America Acetic Acid Market share by Country, 2022
FIG 9 North America Acetic Acid Market share by Country, 2030
FIG 10 North America 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.