Press release
Acetic Acid Market 2024 key players Saudi International Petrochemicals, Wacker Chemie, DuPont, Sinopec, PetroChina, LyondellBasell Industries, HELM AG , and Mitsubishi Chemical.
Acetic Acid Market
Acetic Acid Market size will cross USD 16 billion by 2024. The acetic acid market will witness substantial gains due to increased demand in the manufacturing of purified terephthalic acid (PTA) and vinyl acetate monomer (VAM). It is majorly consumed in producing photographic chemicals, diketene, camphor, and mono chloroacetic acid that drives its market. Global chemical industry was above USD 5 trillion in 2013, its size has almost doubled in the last decade. This, positive outlook of chemical industry will boost product’s consumption.
Sample copy of this Report @
https://www.gminsights.com/request-sample/detail/1594
Acetic acid is used as a raw material in an array of downstream chemicals. Vinegar is one such chemical, commonly used for cooking, and has recently developed as a food ingredient. Consumer awareness related to health benefits by consumption of vinegar in recommended quantity is rising its demand in food items. The global food market will grow at a CAGR of above 4% till 2024, escalating food industry and vinegar usage in these products will complement acetic acid market growth.
Certain health hazards and operational snags associated with the acid are irritation to skin, corrosive to metals, reduced performance at low temperature, and decreased compatibility with quarts. Further, fluctuating methanol prices, a major raw material for formulation of the acid leads to unstable acetic acid market price trend.
Acetic anhydride had a size of more than 1,400 kilo tons in 2016 in acetic acid market. Its extensive applications are in the production of medicines such as acetaminophen and aspirin. It is consumed in producing modified starches, that act as a food preservative as it is stable against mild acids and heat. These starches are ingredients of food products viz muesli bars, mayonnaises, sauces, flavored toppings, cake mixes, frozen cakes, ice-cream and frozen foods.
China Acetic acid market accounted above 35% share in terms of consumption in 2016 and will maintain its significance till 2024. China acetic acid market growth is attributed to its flourishing industrial sectors of polymers, food products, chemicals, and adhesives. The country exports the acid to a limited extent as major produce gets consumed domestically.
Browse Report Summery @
https://www.gminsights.com/industry-analysis/acetic-acid-market
The Acetic Acid Market is fragmented in nature with small and medium scale manufacturers including Saudi International Petrochemicals, Wacker Chemie, DuPont, Sinopec, PetroChina, LyondellBasell Industries, HELM AG, GNFC Limited, Daicel Corporation, and Mitsubishi Chemical. Major companies dominating the market are Sopo, Celanese, Eastman Chemicals and Bharat Petroleum.
Producers are developing bio-based acetic acid market to achieve a competitive edge. For instance, In March 2010, Wacker Chemie started its bio-based acetic acid plant in Germany, having an annual capacity of 500 tons. It is indulged in developing new techniques of producing the product such as converting butanediol to ketone and ultimately acetic acid, or formulating acetate from biomass.
The industry will witness some consolidation in future owing to mergers and acquisition. For instance, In 2011, Eastman acquired Sterling Chemical’s acetic acid production division. Companies are indulged in purchasing shares of other organizations such as Saudi International Petrochemical Company planned to acquire equities of International Acetyl Company, Ikarus Petroleum Industries Company and International Vinyl Acetate Company.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Acetic acid industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Regional trends
Chapter 3. Acetic Acid Industry Insights
3.1. Acetic Acid Industry segmentation
3.2. Acetic Acid Industry landscape, 2013 – 2024
3.3. Acetic Acid Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Acetic Acid Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing usage of VAM in multiple industries
3.4.1.2. Consumption of purified terephthalic acid (PTA) in PET bottles
3.4.2. Industry pitfalls & challenges
3.4.2.1. Wavering prices of methanol
3.5. Regional price trends
3.5.1. Cost structure analysis
3.5.2. Raw material trends
3.6. Growth potential analysis
Make an Inquiry for purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/1594
3.7. Technology & innovation landscape
3.7.1. Synthesis of acetic acid from bio-based materials gaining impetus
3.8. Bio-based acetic acid market potential & scope
3.8.1. Feedstocks analysis
3.8.1.1. Sugar
3.8.1.2. Corn
3.8.1.3. Cheese whey waste
3.8.1.4. Poplar trees
3.8.1.5. Others (food waste, corn mill stillage, bakery residual etc.)
3.8.2. Raw material analysis
3.8.2.1. Bio-ethanol
3.8.2.2. Bio-methanol
3.8.2.3. Biomass-based butanediol
3.8.2.4. Bio-derived syngas
3.8.2.5. Others
3.8.3. Technology landscape
3.8.4. Penetration price
3.8.5. Commercialization status
3.8.6. Addressable market potential
3.8.6.1. Market estimates and forecasts, 2013 – 2024
3.8.6.2. Market estimates and forecasts by region, 2013 – 2024
3.8.7. List of bio-acetic acid manufacturers
3.8.8. Potential customers
3.9. Regulatory trends
3.9.1. U.S.
3.9.2. Europe
3.9.3. China
3.10. Porter’s analysis
3.11. Company market share analysis, 2016
3.11.1. Strategy dashboard
3.12. PESTEL analysis
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Acetic Acid Market 2024 key players Saudi International Petrochemicals, Wacker Chemie, DuPont, Sinopec, PetroChina, LyondellBasell Industries, HELM AG , and Mitsubishi Chemical. here
News-ID: 1133627 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Acetic
Acetic Acid Price Report, Index, Chart and Forecast
Acetic Acid Industrial Grade Price Trends and Outlook (Ex-Works China)
The industrial-grade acetic acid market in China has experienced notable price fluctuations over the past two years. A year-on-year (YoY) comparison of prices from October to December shows a consistent decline from 2023 to 2024. In October 2023, the price stood at 550 USD/MT, dropping by 21% to 435 USD/MT in October 2024. This sharp decrease is indicative of weakened demand,…
Acetic Acid Prices, Index, Chart and Forecast
Acetic Acid Pricing Analysis - North America Last Quarter
Acetic Acid Prices in United States:
During the last quarter, Acetic Acid Prices in USA remained stable at $727 per metric ton, supported by a balanced supply and demand environment. Despite trade disputes and production challenges in vinyl acetate and PTA sectors, the market showed resilience. The Acetic Acid Price Index reflected minimal fluctuations, as moderate methanol cost increases were offset by steady…
Acetic Acid Market Projected to Show Strong Growth
The "Acetic Acid Market" intelligence report, just published by USD Analytics Market, covers insurers' micro-level study of important market niches, product offers, and sales channels. In order to determine market size, potential, growth trends, and competitive environment, the Acetic Acid Market provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the…
Usage of Acetic Anhydride Increasing in Pharmaceutical Sector
In the recent years, the healthcare sector has surged sharply in the developing nations of Asia-Pacific (APAC) such as India, China, Indonesia, and Thailand, primarily because of the huge research and development (R&D) investments and the expanding operations of various leading medical drug producing companies. In addition to these, the abundant availability of raw materials and low-cost labor also contributed toward the expansion of the healthcare sector in this region.
Download…
Acetic Anhydride Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Acetic Anhydride Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Acetic Anhydride players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Acetic Anhydride with respect to individual growth…
Acetic Acid Market Research & Development | Industry Report, 2022
The global acetic acid market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015…
