Acetic Acid Market Segmentation:
Grade Segment Analysis
The industrial-grade segment is expected to hold a 40.5% acetic acid market share during the forecast period, as it is widely utilized as a primary feedstock for the production of a diverse range of industrial chemicals and products. Uniformity of industrial-grade acetic acid purity and quality is critical to the performance of final products in the plastics, textile, and paint industries. Shandong Aojin Chemical Technology Co., Ltd. has been issued an SGS-certified test report in January 2024 for its acetic acid, which claimed a 99.8% purity and was in accordance with high GB/T 1628-2008 standards. This emphasis on purity further underscores the significance of the segment in industrial applications. The demand for high-purity reagents is a consistent growth driver, and the guarantee of reliability makes it a pillar of the acetic acid market that supports large-scale industrial applications as well as specialized scientific applications.
Application Segment Analysis
The vinyl acetate monomer (VAM) segment is projected to hold a 34.5% share through 2037, reflecting its dominant role as an intermediate chemical used in the production of paints, adhesives, coatings, and textiles. The demand and performance of these end products are dependent directly on the supply and quality of VAM, making it a significant acetic acid consumer. In June 2024, Wacker Chemie AG highlighted its closed-loop manufacturing process, where in-house recycling streams efficiently recover acetic acid and yield VAM. The closed-loop process minimizes raw material dependency and enables green manufacturing, making the segment sustainable in the long term. With urbanization and infrastructure development continuing globally, VAM and, therefore, acetic acid demand are expected to be robust.
End use Segment Analysis
The plastics and polymers segment is predicted to retain a 31.5% share by 2037, driven by the widespread application of acetic acid in the manufacture of key polymers, including polyethylene terephthalate (PET) and polyvinyl alcohol (PVA). These products are the backbone of the packaging, textile, and electronics industries. Eastman Chemical Company in January 2022 said it had signed a deal with the French government to invest as much as $1 billion in a material-to-material molecular recycling plant. This convergence in the circular economy is expected to generate new growth opportunities and ensure long-term sustainability going ahead.
Our in-depth analysis of the acetic acid market includes the following segments:
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