Glacial Acetic Acid Industry Size, Share, Demand & Growth by 2034
The global glacial acetic acid market size is projected to be valued at USD 8801.6 million in
2024 and further increase at a CAGR of 6.5% during the forecast period. Worldwide sales of
glacial acetic acids are set to total USD 16521.8 million by 2034.
The demand for glacial acetic acid is driven by the growth of the chemical sector, particularly
in Asia, which is essential for manufacturing Purified Terephthalic Acid (PTA) in textiles and
packaging. The market is expected to grow due to its potential as a sustainable solvent.
Companies are investing in research and development to optimize production procedures,
reduce costs, and make domestic production competitive.
Governments worldwide are implementing stringent environmental laws and offering
incentives for bio-based acetic production. Consumers are increasingly aware of
environmental issues, and companies that demonstrate sustainability credentials are likely to
attract eco-conscious consumers. Companies must adapt their products and marketing
strategies to cater to regional market requirements and adhere to regional regulations.
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Key Takeaways from the Market Report

The global glacial acetic acid market is set to reach USD 16521.8 million by 2034,
with a CAGR of 5% in the forecast period.

Based on grade, the industrial grade segment accounted for a market share of 7% in
2024.

By end-use applications, the solvent segment is estimated to lead with a market share
of 4% in 2024.

India is expected to record a CAGR of 7% between 2024 and 2034.

Sales in China are predicted to rise at a CAGR of 3% through 2034.
“There is an increasing demand for high-purity glacial acetic acids in the pharmaceutical
and electronics industry. Manufacturers are therefore investigating novel technologies to
produce such premium quality products,” says a lead analyst at Future Market Insights
(FMI).
Who is Winning?
The glacial acetic acid market is dominated by prominent players like BASF SE, Eastman
Chemical Company, Celanese Corporation, Hawkins, Inc., Sinopec, and Reliance Industries
Ltd. They are investing in new applications and production methods to stay competitive.
They are also researching substitute feedstocks and efficient manufacturing procedures to
reduce costs and environmental impact.
They are focusing on end-use industries with increasing demand for glacial acetic acid.
Environmental regulations and consumer demand are pushing for greener practices in the
industry. Large companies are investing in high-purity glacial acetic acid for electronics and
pharmaceuticals, creating branded products with unique functionalities and environmental
benefits. They are also acquiring smaller enterprises to expand production capacity.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a
member of the Greater New York Chamber of Commerce) offers profound insights into the
driving factors that are boosting demand in the market. FMI stands as the leading global
provider of market intelligence, advisory services, consulting, and events for the Packaging,
Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local
expertise on diverse domains and industry trends across more than 110 countries.
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