Acetic Acid Market Analysis, Industry Size, Emerging Trends, Top Manufacturers and Forecast Till 2023

This can be attributed to factors such as rapid industrialisation and urbanisation, product innovations, a strong growth in end-use industries and demand from emerging regions.

Request a free sample report here: https://www.imarcgroup.com/request?type=report&[...]

Acetic acid is a two-carbon carboxylic acid which is most commonly associated with vinegar. Also known as ethanoic acid, it is a colourless liquid with a pungent odour and represents an essential chemical reagent. Acetic acid is produced through the carbonylation of methanol and is used for treating several medical conditions such as ear canal infections. It is also used as a feedstock in the production of several synthetic chemicals which range from polymers to esters. A new research report by IMARC Group, titled “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global acetic acid market was worth more than US$ 9.2 Billion in 2017, registering a CAGR of more than 8% during the year 2010-2017. The report further anticipates the market to cross US$ 12.7 Billion by 2023, at a projected CAGR of 5% over the forecast period.

Global Acetic Acid Market Drivers/Constraints:

Performance of Key Regions

1 China

3 Western/Eastern Europe

5 South East Asia

6 Middle East & Africa

Market by Application

2 Pta

4 Ethyl Acetate

6 Others

1 Plastics & Polymers

2 Food & Beverage

3 Inks, Paints & Coatings

5 Pharmaceuticals

Competitive Landscape

2 Key Players

1 Product Overview

3 Detailed Process Flow

5 Mass Balance and Feedstock Conversion Rate

There has been a rise in the demand for vinegar owing to its health benefits such as regulating blood sugar and cholesterol levels, maintaining blood pressure and reducing weight. This has majorly driven the growth of the global acetic acid market.

Acetic acid is used for dyeing purposes and also acts as a building block for various packaging materials. Therefore, a significant growth in the textile and packaging industries is positively contributing to the market growth.

There has also been an increase in the industrialisation and urbanisation rates in developing regions including Asia-Pacific, the Middle-East, and Latin America. This has resulted in an augmented demand for acetic acid and its derivatives across several end-use industries.

Another factor positively influencing the growth of the market is the initiatives taken by the manufacturers towards product innovation which is facilitating improved production process and assured quality.

End-Use Insights:

On the basis of end-use, the report finds that vinyl acetate monomer (VAM) currently represents the largest end-use segment of acetic acid. It is followed by PTA, anhydride, ethyl acetate and butyl acetate.

Regional Insights:

On a geographical front, China represents the largest market for acetic acid owing to rapid industrialisation and a strong growth in the end-use industries. China is followed by North America, Western/Eastern Europe, North East Asia, South East Asia, and Middle East and Africa.

Competitive Landscape:

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

BP Chemicals

Celanese

Shanghai Wujing

Jiangsu Sopo

Get The Full Toc Report: https://www.imarcgroup.com/acetic-acid-technica[...]

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.

Contact US

IMARCGroup

Stuart Billy

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800 | www.imarcgroup.com

Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331

Linkedin: https://www.linkedin.com/company/imarc-group/