South Korea Acetic Acid Market Overview,2030

South Korea’s acetic acid market has developed in parallel with the nation’s rapid industrialization and chemical sector growth. In the mid-20th century, domestic production was limited, primarily focusing on small-scale fermentation for food applications and limited chemical use. The 1970s and 1980s marked significant expansion with the establishment of petrochemical complexes in Ulsan, Yeosu, and Daesan, introducing methanol carbonylation and acetaldehyde oxidation as primary production methods for synthetic acetic acid. These facilities supplied growing downstream industries, including vinyl acetate monomer (VAM), purified terephthalic acid (PTA), esters, and acetic anhydride. Integration with Korea’s textiles, adhesives, and packaging sectors accelerated during the 1990s, supporting both domestic consumption and export-oriented industrial growth. The 2000s witnessed modernization and process optimization, improving energy efficiency, yield, and environmental compliance. South Korea’s chemical industry also invested in R&D for high-purity and specialty grades to serve pharmaceutical, food, and electronic applications. More recently, environmental regulations, energy efficiency mandates, and sustainability initiatives have encouraged the development of bio-based acetic acid through fermentation and renewable methanol carbonylation pilot projects. Today, South Korea balances domestic synthetic production with import supplementation, catering to a diverse industrial base while gradually introducing renewable and low-emission production technologies to align with national carbon neutrality goals.

According to the research report “South Korea Acetic Acid Market Overview, 2030,”published by Bonafide Research, the South Korea Acetic Acid market is expected to reach a market size of USD 510 Million by 2030.The South Korean acetic acid market is driven by growing downstream industrial demand, strategic integration of chemical production, government environmental policies, and the emergence of renewable feedstock initiatives. Vinyl acetate monomer (VAM) is the largest application, used extensively in adhesives, paints, coatings, and packaging films, supported by industrial sectors such as construction, automotive, electronics, and flexible packaging. Purified terephthalic acid (PTA) consumption fuels polyester fiber and PET resin production, reflecting South Korea’s strong textile and packaging industries. The pharmaceutical and food & beverage sectors drive demand for high-purity and certified acetic acid, particularly for active pharmaceutical ingredient (API) synthesis, preservatives, and flavoring applications. Opportunities exist in bio-based acetic acid, supported by government incentives, sustainability policies, and growing corporate commitments to low-carbon chemical production. Industrial integration with methanol and downstream derivative facilities ensures cost-effective supply, while export opportunities to Asia-Pacific neighbors create additional market potential. Challenges include feedstock price volatility, energy costs, and competition from imported acetic acid and derivatives from China and Southeast Asia. Nevertheless, ongoing R&D, pilot-scale bio-based production, and environmental regulations provide avenues for market growth. Over the next decade, the South Korean acetic acid market is expected to expand steadily, with synthetic production maintaining volume dominance while bio-based variants gain traction in high-value, sustainable, and niche applications.

Synthetic acetic acid dominates the South Korean market, primarily produced through methanol carbonylation in large-scale integrated petrochemical complexes located in Ulsan, Yeosu, and Daesan. These facilities supply VAM, PTA, esters, and acetic anhydride production lines serving adhesives, coatings, textiles, packaging, and pharmaceuticals. Synthetic acetic acid offers scalability, consistent quality, and cost efficiency, leveraging domestic methanol imports and petrochemical feedstocks. Bio-based acetic acid is an emerging segment, driven by environmental regulations, corporate sustainability initiatives, and consumer demand for renewable chemicals. Pilot-scale production utilizes ethanol fermentation, biomass conversion, and renewable methanol carbonylation to produce low-carbon acetic acid suitable for food, pharmaceutical, and specialty chemical applications. While production costs for bio-acetic acid are higher than synthetic methods, government incentives, industrial R&D programs, and academic partnerships support process optimization and scale-up feasibility. Over the next decade, the market is expected to maintain a dual-supply structure: synthetic acetic acid meeting commodity demand, and bio-based variants expanding in certified, high-value, and environmentally-conscious segments. Integration of upstream methanol supply, advanced catalysts, and low-emission production technologies positions South Korea to maintain industrial competitiveness while gradually incorporating renewable acetic acid into its market portfolio.

Vinyl acetate monomer (VAM) is the largest application of acetic acid in South Korea, primarily used in adhesives, paints, coatings, and packaging films, driven by construction, automotive, electronics, and industrial demand. Purified terephthalic acid (PTA) is another significant application, supporting polyester fiber, PET bottle, and film production for textiles, apparel, and flexible packaging. Acetic anhydride is used in cellulose acetate production, pharmaceutical synthesis, and specialty chemical intermediates, reflecting the growing pharmaceutical and fine chemical sectors. Esters and solvents, such as ethyl acetate and butyl acetate, are widely used in coatings, printing inks, and industrial cleaning operations. The food and beverage sector consumes acetic acid in vinegar, preservatives, and flavorings, though industrial applications account for the majority of volume. Other applications include agrochemicals, dyes, and fine chemicals. Emerging trends include adoption of bio-based acetic acid for food, pharmaceutical, and specialty applications, and low-emission chemical processes driven by national carbon neutrality initiatives. Industrial integration ensures reliable supply to diverse applications, while innovation in renewable acetic acid and sustainable chemical practices supports high-value sectors. Application diversity strengthens market resilience, balancing volume-driven industrial consumption with niche, environmentally-conscious demand.

South Korea’s acetic acid end-use industries are diverse, reflecting strong industrialization and technological capability. Packaging and textiles represent the largest segment, with PTA- and VAM-derived products used in polyester fibers, PET bottles, films, and flexible packaging for domestic and export markets. Adhesives and coatings are significant consumers of VAM and acetate esters, supplying construction, automotive, electronics, and industrial manufacturing sectors. Pharmaceuticals form a high-value segment, requiring high-purity acetic acid and acetic anhydride for API synthesis, intermediates, and specialty chemicals. The food and beverage industry consumes acetic acid for vinegar, preservatives, and flavoring, with quality, traceability, and food-grade certification increasingly important. Other sectors, including agrochemicals, dyes, and fine chemicals, contribute smaller but stable demand. Government policies promoting low-carbon chemicals, energy efficiency, and sustainability drive adoption of renewable feedstocks and bio-based acetic acid. Vertical integration of methanol, acetic acid, and derivative plants ensures supply chain efficiency and cost competitiveness. Over the next decade, industrial growth in packaging, textiles, adhesives, and pharmaceuticals will continue to drive synthetic acetic acid demand, while bio-based acetic acid is expected to expand in environmentally-conscious, high-margin applications. Overall, South Korea’s acetic acid market is characterized by robust industrial consumption, diversification across end-use sectors, and gradual incorporation of sustainable chemical practices.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Acetic Acid Interior Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Synthetic Acetic Acid
• Bio-Based Acetic Acid

By Application
• Vinyl Acetate Monomer (VAM)
• Purified Terephthalic Acid (PTA)
• Acetic Anhydride
• Esters & Solvents
• Food & Beverage (Vinegar, Preservatives)
• Others

By End-Use Industry
• Packaging & Textiles
• Adhesives & Coatings
• Pharmaceuticals
• Food & Beverage
• Others Show more