Top Acetic Acid Companies and Leaders by Market Share
This report provides a comprehensive
analysis of the top companies in the Acetic Acid market, their market share, and the competitive
landscape. It includes global and regional market
size data, market dynamics, company profiles
by technology and products, company financials,
strategic moves, and market competitiveness.
The forecast period covered in this report is
from 2023 to 2030.
In 2023, the global
Acetic Acid market was valued at approximately
$$12 Billion, with
an expected CAGR of 9.5% over the forecast period.
Market Leaders & Key Players
Eastman Chemical Company
Eastman Chemical Company specializes in specialty chemicals, polymers, and copolymers, providing innovative solutions across various industries, including automotive, construction, and consumer products.
Celanese Corporation
Celanese Corporation is a global technology and specialty materials company, producing high-performance engineered polymers, known for their applications in automotive, consumer goods, and medical sectors.
BP Chemicals
BP Chemicals is a division of British Petroleum, focusing on the production of petrochemicals and polymers essential for various applications in manufacturing and chemical industries worldwide.
Jiangsu Sopo (Group) Co., Ltd.
Jiangsu Sopo Group is a leading Chinese manufacturer specializing in the production of chemical products, focusing on textile, plastics, and pharmaceuticals, with a commitment to sustainable development.
Wacker Chemie AG
Wacker Chemie AG is a global chemical company from Germany, known for its silicon products and polymers that cater to diverse sectors, including construction, automotive, and electronics.
LyondellBasell Industries
LyondellBasell Industries is one of the world's largest plastics, chemicals, and refining companies, producing a wide range of products essential for everyday needs and innovations.
Daicel Corporation
Daicel Corporation is a Japanese chemical manufacturer, producing products ranging from cellulose-based materials to automotive safety systems, with an emphasis on advanced technology and innovation.
SABIC
SABIC is a global leader in diversified chemicals, based in Saudi Arabia, providing innovative solutions in plastics, agri-nutrients, metals, and specialty chemicals to various industries.
Solvay
Solvay is a Belgian multinational chemical company offering innovative solutions in chemicals and advanced materials across several industries, including aerospace, automotive, and electronics.
DuPont
DuPont is a science and technology company that develops solutions in fields such as agriculture, biotechnology, and materials science, integrating sustainable practices into its innovative product offerings.
Huntsman Corporation
Huntsman Corporation specializes in differentiated and specialty chemicals, providing innovative solutions across diverse industries, including textiles, automotive, and construction with a focus on sustainability.
BASF SE
BASF SE is the largest chemical producer globally, offering a broad range of products and solutions across various sectors, including agriculture, automotive, and construction, emphasizing sustainable practices.
Mitsubishi Chemical Corporation
Mitsubishi Chemical Corporation is Japan's largest chemical company, focusing on innovative solutions in performance products, healthcare, and advanced materials while pursuing sustainable development initiatives.
PetroChina Company Limited
PetroChina Company Limited is one of the largest oil and gas producers in China, engaged in exploration, production, refining, and marketing of petrochemical products on a global scale.
Arkema
Arkema is a French specialty chemicals company focused on the development and production of advanced materials, including high-performance polymers and industrial chemicals for various applications.
Formosa Plastics Corporation
Formosa Plastics Corporation is a leading Taiwanese manufacturer specializing in the production of plastics and petrochemicals, catering to industries such as packaging, automotive, and electronics.
LG Chem
LG Chem is a South Korean chemical company known for its advanced materials and chemicals, including batteries, specialty chemicals, and plastics, driven by innovation and sustainability.
Sumitomo Chemical Co., Ltd.
Sumitomo Chemical Co., Ltd. is a leading Japanese chemical manufacturer providing a broad range of chemicals and materials for agriculture, healthcare, and electronics while emphasizing sustainability.
INEOS Group
INEOS Group is a global manufacturer of petrochemicals, specialty chemicals, and polymers, operating a range of diverse businesses in oil and gas, with a focus on innovation and sustainability.
Exxon Mobil Corporation
Exxon Mobil Corporation is one of the world's largest publicly traded oil and gas companies, involved in all facets of the industry, including exploration, production, refining, and marketing.
Quick Summary of the Top Acetic Acid Market Companies and Market Leaders
The Acetic Acid market is dominated by companies like Eastman Chemical Company, Celanese Corporation, and BP Chemicals. These companies have a strong presence in the market and offer a wide range of acetic acid products and services.
Acetic Acid Market Company Profile Analysis Report
In-depth profiles and strategic insights
Market dynamics
The Acetic Acid market is driven by the increasing demand for vinyl acetate monomer, acetic anhydride, and other downstream products in various industries.
Company Landscape
The market is highly competitive with companies like INEOS Group, Arkema, and Formosa Plastics Corporation leading the way with their innovative acetic acid products.
Company financials
Companies like LyondellBasell Industries and BASF SE have strong financial performance and a global footprint in the chemical industry.
Global market size data
The global Acetic Acid market is estimated to reach $16 billion by 2025, with a CAGR of 4.5% from 2020 to 2025.
Regional market size report
Asia Pacific dominates the Acetic Acid market, followed by North America and Europe.
Market competitiveness landscape
Market leaders like SABIC and Wacker Chemie AG are constantly innovating to maintain their market share and competitiveness.
Strategic moves of market leaders
Top companies in the Acetic Acid market are focusing on capacity expansions, acquisitions, and R&D investments to stay competitive.
Company profile report by-products
Eastman Chemical Company and Celanese Corporation offer a wide range of acetic acid derivatives for different industrial applications.
Company profile report by technology
Companies like DuPont and Huntsman Corporation are known for their advanced technology in acetic acid production and processing.
Market share analysis of top companies
Eastman Chemical Company, Celanese Corporation, and BP Chemicals hold a significant share in the Acetic Acid market, with a strong presence in various industries.