Acetic Acid Market Size

Acetic Acid Market size was over USD 9.09 billion in 2024 and is poised to reach USD 20.31 billion by the end of 2037, witnessing around 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of acetic acid is assessed at USD 9.56 billion.

The growth of the market can be attributed to the increasing use of acetic acid in the manufacturing of paints, coatings, sealants, greasers, plastics, polyesters, and the rising use of plastic is estimated to fuel the market’s growth during the forecast period. Plastic production in 2019 was more than 360 million tons, which increased from 2 million tons in 1950 across the globe. Also, as per the estimations, most of the plastic production started in the year 2000. The easy production process, stability, and low cost of plastic increase its use across the world. The increasing manufacturing of automobiles, cell phones, the electronic sector, and infrastructure rises the use of plastic, which increases the growth of the market.

Rising demand for polyethylene terephthalate (PET) bottles as they have lightweight and eco-friendly characteristics. PET is made from purified terephthalic acid and ethylene glycol is estimated to rise the growth of the global acetic acid market during the forecast period. PET plastic accounts for 10% of plastic production worldwide in the form of water, soda bottles, and others. PET is recyclable and lightweight, which makes it consumer-and eco-friendly. It is considered ideal for packaging owing to a high preference for quality by manufacturers. Moreover, PET is used in the food and beverage, personal care, and pharmaceutical industries for packaging end products. Hence, the increasing packaging industry is projected to have a positive impact on market growth.