Acetic Acid Market Outlook To 2023 - Celanese, BP, Eastman, LyondellBasell, Sipchem, Daicel, CCP, Wacker Chemie, CPDC, GNFC, MSK a.d.Kikinda, Jiangsu Sopo, Wujing Chemical, Hualuhengsheng, Kingboard Chemical

Dec 2018, New York USA (News) - Global Acetic Acid Market to reach USD 14.10 billion by 2025.
Global Acetic Acid Market valued approximately USD 9.4 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2018-2025. The major driving factors of global acetic acid market are growing demand for vinyl acetate monomer, increasing disposable income, standard of living of the people and rising use of ester solvents in paints and coatings industry which fueling the demand of acetic acid. The global textile market is expected to witness a significant growth of acetic acid market over the coming years. The major restraining factor of acetic acid market are several environment concern and volatility in raw material prices. Reduced performance at low temperatures, low compatibility with quartz, and irritation to skin and corrosive to metals are factors expected to hamper the growth of acetic acid consumption during the forecast period. Acetic acid systematically named ethanoic acid. It is a colorless liquid organic compound with the chemical formula CH3COOH (also written as CH3CO2H or C2H4O2).In making process of acetic acid, the main component is vinegar apart from water. It has a distinctive sour taste and pungent smell. There are many benefits of acetic acid such as benefit of having acetic acid in a food or beverage is that it keeps other unwanted pathogenic organisms from growing, acetic acid can be used as an antiseptic and acetic acid is also used in making perfume.

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Major Market Players
• Celanese
• BP
• Eastman
• LyondellBasell
• Sipchem
• Daicel
• CCP
• Wacker Chemie
• CPDC
• GNFC
• MSK a.d.Kikinda
• Jiangsu Sopo
• Wujing Chemical
• Hualuhengsheng
• Kingboard Chemical

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
• Food Grade
• Industrial Grade

By Application:
• Paints and Coatings
• Pharmaceuticals
• Food & Beverages

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Target Audience of the Global Acetic Acid Market in Market Study:
• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

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