United States Acetic Acid Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 4.75% (2024-2032)
Market Size in 2023: USD 1.8 Billion
Market Forecast in 2032: USD 2.79 Billion
According to the latest United States acetic acid market report by IMARC Group, the market size reached USD 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2.79 Billion by 2032, exhibiting a growth rate (CAGR) of 4.75% during 2024-2032. The market is witnessing several trends including increased demand for its use in the production of vinyl acetate monomer (VAM), which is essential for adhesives, coatings, and paints.
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United States Acetic Acid Industry Trends and Drivers:
Acetic Acid Market Overview
- Growing Application in Food & Beverage Industry:
- Used as a preservative and flavoring agent.
- Rising interest in bio-based acetic acid due to sustainability concerns.
- Increasing Role in PTA (Purified Terephthalic Acid) Manufacturing:
- Expanding demand for PTA in polyester production.
- Growing use of polyester fibers and resins drives acetic acid consumption.
- Industrial Applications:
- Key in solvent and intermediate production for pharmaceuticals, chemicals, and other industrial processes.
U.S. Acetic Acid Market Drivers
- Vinyl Acetate Monomer (VAM) Production:
- Essential for adhesives, paints, and coatings manufacturing.
- Increased demand in construction and packaging industries fuels acetic acid consumption.
- PTA Demand in Polyester Production:
- Acetic acid is crucial in PTA manufacturing.
- Rising textile and packaging industries boost demand for polyester fibers and resins.
- Food & Beverage Sector Growth:
- Acetic acid is a key ingredient in food preservation and flavor enhancement.
- Increased consumption due to the popularity of processed and packaged foods.
- Solvents & Intermediates for Industrial Use:
- Critical in pharmaceutical and chemical manufacturing.
- Growing industrial sectors increase acetic acid demand.
- Shift Toward Bio-Based Acetic Acid:
- Environmental regulations push for sustainable solutions.
- Growing adoption of bio-based acetic acid in response to sustainability goals.
United States Acetic Acid Industry Segmentation:
The report has segmented the market into the following categories:
Application Insights:
- VAM
- PTA
- Anhydride
- Ethyl Acetate
- Butyl Acetate
- Others
End Use Insights:
- Plastics and Polymers
- Food and Beverage
- Inks, Paints and Coatings
- Chemicals
- Pharmaceuticals
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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