Asia Pacific Acetic Acid Market Report by Application (VAM, PTA, Anhydride, Ethyl Acetate, Butyl Acetate, and Others), End Use Industry (Plastics & Polymers, Food & Beverage, Inks, Paints & Coatings, Chemicals, Pharmaceuticals, and Others), and Country 2024-2032

Asia Pacific Acetic Acid Market Report by Application (VAM, PTA, Anhydride, Ethyl Acetate, Butyl Acetate, and Others), End Use Industry (Plastics & Polymers, Food & Beverage, Inks, Paints & Coatings, Chemicals, Pharmaceuticals, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A3139

Market Overview:

The Asia Pacific acetic acid market size reached 11.0 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 12.5 Million Tons by 2032, exhibiting a growth rate (CAGR) of 1.4% during 2024-2032.

Report Attribute                                                            
 Key Statistics                   
Base Year
2023 
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 11.0 Million Tons
Market Forecast in 2032 12.5 Million Tons
Market Growth Rate (2024-2032) 1.4%


Acetic acid is a colorless compound produced by the fermentation or oxidation of natural carbohydrates. Also known as ethanoic acid, acetic acid is widely utilized as a cleaning agent in households. Moreover, it is used to produce volatile organic acetate, metal acetate, and vinyl acetate monomer (VAM).

Acetic acid is widely utilized in the production of greases, coatings, polyesters and sealants, which find extensive applications in numerous industries, such as electronics, automobiles, textiles and packaging. The extensive growth in these industries represents one of the major factors driving the market growth in the Asia Pacific region. Moreover, as acetic acid is used in the manufacturing of vinegar, a rise in the consumption of the condiment is strengthening the growth of the market. Apart from this, leading players are investing in research and development (R&D) projects to reduce the energy consumption while producing the acid and minimize the overall operating costs.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific acetic acid market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on application and end use industry.

Breakup by Application:

Asia Pacific Acetic Acid Market

  • VAM
  • PTA
  • Anhydride
  • Ethyl Acetate
  • Butyl Acetate
  • Others
     

Breakup by End Use Industry:

  • Plastics & Polymers
  • Food & Beverage
  • Inks, Paints & Coatings
  • Chemicals
  • Pharmaceuticals
  • Others
     

Breakup by Country:

Asia Pacific Acetic Acid Market by Country

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons
Segment Coverage Application, End Use Industry, Country
Countries Covered China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The Asia Pacific acetic acid market reached a volume of 11.0 Million Tons in 2023. 

We expect the Asia Pacific acetic acid market to exhibit a CAGR of 1.4% during 2024-2032.

The rising demand for acetic acid across various industries, such as electronics, automobiles, textiles, etc., to produce greases, coatings, polyesters, and sealants is primarily driving the Asia Pacific acetic acid market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific nations, resulting in the temporary halt in numerous production activities for acetic acid.

Based on the application, the Asia Pacific acetic acid market has been segmented into VAM, PTA, anhydride, ethyl acetate, butyl acetate, and others. Among these, VAM currently exhibits a clear dominance in the market.

Based on the end use industry, the Asia Pacific acetic acid market can be divided into plastics & polymers, food & beverage, inks, paints & coatings, chemicals, pharmaceuticals, and others. Currently, inks, paints & coatings hold the majority of the total market share.

On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Asia Pacific Acetic Acid Market Report by Application (VAM, PTA, Anhydride, Ethyl Acetate, Butyl Acetate, and Others), End Use Industry (Plastics & Polymers, Food & Beverage, Inks, Paints & Coatings, Chemicals, Pharmaceuticals, and Others), and Country 2024-2032
Purchase Options New Year Sale
Benefits of Customization
  • Personalize this research
  • Triangulate with your data
  • Get data as per your format and definition
  • Gain a deeper dive into a specific application, geography, customer, or competitor
  • Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials