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According to IMARC Group’s latest report, titled “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, offers a comprehensive analysis of the industry, which comprises insights on the acetic acid market share.
The global acetic acid market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028. Acetic acid, or ethanoic acid (CH3COOH), is a clear, colorless, organic monocarboxylic compound that comprises antifungal and antibacterial properties. It is commercially formulated on an industrial scale through the air oxidation of acetaldehyde and the carbonylation of methanol. It can be further discovered in animal secretions and numerous plants, where it is mixed with the esters of different alcohols. Unlike nitric, formic, or sulfuric acid, acetic acid has lower density, and its melting point is significantly higher. Currently, It is widely used in manufacturing vinyl acetate monomer (VAM) and purified terephthalic acid (PTA). Apart from this, acetic acid finds extensive applications as an essential chemical reagent to produce diverse chemicals used, which are employed extensively in industries to manufacture textiles, inks, rubber, and plastic materials.
Get a Free Sample Copy of this Report: https://www.imarcgroup.com/acetic-acid-technical-material-market-report/requestsample
Acetic Acid Market Trends:
The widespread adoption of acetic acid across various industrial verticals in vinyl acetate monomer (VAM) form and derivatives to manufacture resins, ethylene vinyl alcohol (EVOH) paints, paper-board coatings, and adhesives is primarily driving the market growth. Furthermore, the extensive uptake of acetic acids in the food and beverage (F&B) industry as a souring agent to pickle vegetables and add flavor in apple cider vinegar is favoring the market growth. It further offers various benefits, such as it kills bacteria, reduces blood pressure, decreases inflammation, and supports weight loss. Apart from this, the rising utilization of acetic acid to manufacture polyester, sealants, and greases that further finds applications in diverse industries, such as electronics, textiles, and packaging, ar,e contributing to the market growth.
Competitive Landscape With Key Players:
The competitive landscape of the acetic acid market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- British Petroleum Plc
- Celanese Corporation
- Daicel Corporation
- Eastman Chemical Company
- GNFC Limited
- HELM AG
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Corporation
- PetroChina
- SABIC
- Showa Denko K.K.
- Sinopec
- Svensk Etanolkemi AB (SEKAB)
- Wacker Chemie AG
Key Market Segmentation:
The report has segmented the global acetic acid market on the basis of application, end-use and region.
Breakup by Application:
- VAM
- PTA
- Anhydride
- Ethyl Acetate
- Butyl Acetate
- Others
Breakup by End-Use:
- Plastics & Polymers
- Food & Beverage
- Inks, Paints & Coatings
- Chemicals
- Pharmaceuticals
- Others
Breakup by Region:
- China
- North America
- Western/Eastern Europe
- North East Asia
- South East Asia
- Middle East & Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/acetic-acid-technical-material-market-report
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
Article source: https://article-realm.com/article/Finance/34157-Acetic-Acid-Market-2023-Price-Trends-Industry-Overview-Analysis-and-Forecast-to-2028.html
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