The North America acetic acid market is expected to exhibit a growth rate (CAGR) of 5.23% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 5.23% |
Acetic acid (CH3COOH) is a colorless liquid with a distinctive pungent odor. It acts as a chemical reagent in the preparation of vinyl acetate monomers (VAMs), acetic anhydride and esters. In addition to this, it is used as a pH regulator in the textile industry, as a solvent in the pharmaceutical industry and as an acidity regulator in the food industry. It is also widely utilized in the manufacturing of wood glues, pesticides, inks and dyes, and synthetic fibers.
The acetic acid market in North America has witnessed a steady growth over the past few years. Acetic acid is utilized in the production of vinegar. Since the consumption of vinegar is associated with maintaining blood sugar levels and reducing weight, growing consciousness regarding these benefits, along with the increasing occurrence of obesity and diabetes in the region, is primarily driving the demand for acetic acid. Apart from this, acetic acid is extensively used for the early hydration of off-white Portland cement in North America owing to the prevalence of cold weather conditions in North America. Additionally, a significant rise in construction activities on account of growing population is impelling the demand for paints and coatings which, in turn, is providing a thrust to the market growth.
IMARC Group’s latest report provides a deep insight into the North America acetic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America acetic acid market in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America acetic acid market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on application and end-use industry.
Report Features | Details |
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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 | United States, Canada |
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) |
We expect the North America acetic acid market to exhibit a CAGR of 5.23% during 2024-2032.
The increasing prevalence of obesity and diabetes, along with the rising demand for acetic acid in producing vinegar, that helps in maintaining blood sugar levels and reducing weight, is primarily driving the North America acetic acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several North American nations resulting in the temporary closure of numerous end-use industries for acetic acid.
Based on the application, the North America acetic acid market has been segregated into VAM, PTA, anhydride, ethyl acetate, butyl acetate, and others. Among these, VAM currently holds the largest market share.
Based on the end-use industry, the North America acetic acid market can be bifurcated into plastics and polymers, food and beverages, inks, paints and coatings, chemicals, pharmaceuticals, and others. Currently, the inks, paints and coatings industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into United States and Canada, where United States currently dominates the North America acetic acid market.