Acetic Acid Market by Application (Vinyl Acetate Monomer (VAM), by End-use Industry (Plastics & Polymers, Food & Beverages, Adhesives, Paints, Coatings, Textile, Others), by North America (U.S., Canada) Forecast 2024-2032
The Acetic Acid Marketsize was valued at USD 6.90 USD Billion in 2023 and is projected to reach USD 9.77 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period.Acetic acid, which is a clear, colorless liquid, is an important organic compound with a pungent smell and sour taste. The molecular formula itself, namely CH3COOH, indicates it is made up of 2 carbons, 4 hydrogens, and 2 oxygen elements. This well-known substance (a diluted solution of acetic acid) is fundamental to different sectors (such as medical and manufacturing) and household tasks. Being a significant chemical reagent, it is used in the manufacturing of vinyl acetate monomer, which in turn is converted into polyvinyl acetate for the production of adhesives and coatings. This aspect is also the reason why it is used as a solvent in the manufacture of dyes and perfumes. In food preservation, acetic acid is a standout element as it helps to prevent microbial growth and prolong the shelf life. In addition, it is used in the pharmaceutical industry to synthesize different drugs. As acetic acid's various forms and wide applicability make it effective in industrial processes and daily life, it is an indispensable substance in such fields.
Type
Application
The comprehensive market report on Acetic Acid provides detailed insights into the key factors driving and restraining the market growth. It also provides an in-depth analysis of the industry's competitive landscape, regional and country-level market trends, and detailed forecasts.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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