The global acetic acid market size was valued at USD 16.13 billion in 2023 and is projected to grow from USD 17.20 billion in 2024 to USD 29.05 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period. As per the research team, development and increasing applications in several industries such as adhesives & sealants, paints & coatings, and textiles are likely to amplify the market growth globally. The utilization of Vinyl Acetate Monomer (VAM) is powered by the rising demand for paints and coatings across the world, which nurtures the demand and growth of the market.

Source: https://www.fortunebusinessinsights.com/acetic-acid-market-103386

The report on the acetic acid market involves:

• Greater insights into the market
• Profound analysis of the segments
• Market drivers and restraints
• Comprehensive information about prominent players
• Dominant regions
• COVID-19 drastic effect on the market

Report Coverage

The market report highlights leading regions across the world to offer a better understanding of the user. Furthermore, the report provides insights into the latest industry trends and analyzes technologies deployed at a rapid pace at the global level. The report examines various paradigm shifts associated with the transformation of software.

It further highlights some of the growth-stimulating factors and restraints, helping the reader gain in-depth knowledge about the human capital management market.

Segmentation

On the basis of application, the market is segregated into Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), ester solvents, acetic anhydride, and others. The vinyl acetate monomer (VAM) segment held a principal share in the market.

Geographically, the global market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Drivers and Restraints

Growing Demand for Vinyl Acetate Monomer to Assist Market Growth

VAM is a transition that is utilized for manufacturing resins and polymers for films, textiles, coatings, adhesives, paints, and other end-products. VAM is utilized in barrier resins for plastic bottles. It also has uses in adhesive owing to union properties to diverse substrates that involve wood, metals, paper, and plastic films.

Moreover, growth in the above-mentioned industries is resulting in a rise in demand for vinyl acetate monomer. This is further expected to bolster the acetic acid market growth during the forecast period.