Acetic Acid Market Share

North America Market Forecast

The North America acetic acid market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the increasing use of paints and coatings as of the growth in construction sector, and the rising disposable income of the population. The disposable personal income of U.S residents raised to 0.1% in Aug 2022 from -0.4% in Jun 2022. Furthermore, increasing investments from prominent players in the market in the expansion of their business rises the construction of new facilities in the region. The increasing textile industry is owing to the growing fashion sector, with more people interested in buying fashion clothes. Moreover, there has been an expanding chemical production to meet the rising demand of the end-users. All these factors are estimated to enhance the market’s growth during the forecast period.