Glacial acetic acid Market Size, Share, Industry Analysis, Trends, Growth, 2030

 

The  global glacial acetic acid market  is projected to experience significant growth over the next several years. The market, valued at USD 10.26 billion in 2022, is expected to reach approximately USD 15.80 billion by 2030, with a compound annual growth rate (CAGR) of around 5.55%​.

Key Market Drivers:

  1. Growing Demand from End-Use Industries: The demand for glacial acetic acid is driven by its use in producing vinyl acetate monomer (VAM), which is vital for producing adhesives, paints, and coatings. The increased consumption of purified terephthalic acid (PTA), especially in the packaging industry, also contributes to market growth​.

Global Glacial Acetic Acid Market Size

  1. Geographical Insights:

    • Asia-Pacific: This region dominates the market, with significant consumption in countries like China and India. Factors such as rising disposable income, expanding middle-class population, and industrial growth are pivotal in driving demand​.
    • North America and Europe: These regions are also notable markets, with ongoing investments and technological advancements, particularly in sustainable and bio-based acetic acid production​.

Challenges:

Health hazards associated with glacial acetic acid pose a challenge to market growth. Additionally, environmental regulations in various regions may impact production and usage​.

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Major Players:

Key players in the market include Celanese Corporation, Eastman Chemical Company, INEOS, LyondellBasell Industries Holdings B.V., and Daicel Corporation​.

The market's expansion is influenced by innovations, growing industrial applications, and a focus on sustainable practices, especially in developed and rapidly developing regions.

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