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Acetic Acid Market Research Report- Opportunities & Challenges in Near Future by with Different Segments, Forecast- 2027
The Report Acetic Acid Market: Global Industry Analysis and Opportunity Assessment 2017-2027 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.bizAcetic acid, also known as ethanoic acid is a colourless liquid, which has a sour smell and distinct and strong pungent. Acetic acid is mainly produced by methanol carbonylation technique. Acetic acid is also used for producing chemical contents including Vinyl acetate monomer (VAM), Purified Terephthalic Acid (PTA), etc. Acetic acid is used in various industries such as rubber, plastics, pharmaceutical, construction, paint and other industries. It is also used for water treatment and in vinegar as a key ingredient.
Global Acetic Acid Market: Drivers and Restraints
Growing demand for acetic acid in rubber, plastics, pharmaceutical, construction, paint and other industries is driving the growth of global acetic acid market. In addition, increasing demand for Purified Terephthalic Acid (PTA) and Vinyl acetate monomer (VAM) in packaging and textile industry (polyester manufacturing), is also resulting into increasing demand for acetic acid. Increasing demand for acetic acid as vinegar due to various health benefits associated with it is also expected to accelerate the growth of global acetic acid market during the forecast period. Moreover, the expansion of new separation technologies to improve the production efficiency is also can be an opportunity for the global acetic acid market. Furthermore, being an industrial chemical and chemical reagent, acetic acid is also used in making cellulose acetate for the photographic film.
Growth of acetic acid market is comparatively low in some regions however the market is already in its maturity stage in those regions. High concentration of acetic acid can be harmful for aquatic life, animals, and plants, which can be a restraint for the global acetic acid market in forecast period. Furthermore, the volatile prices of raw material such as methanol also can be a limiting factor for the acetic acid market.
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Global Acetic Acid Market: Segmentation
On the basis of application, the global acetic acid market is segmented into:-
Acetic anhydride
Vinyl acetate monomer (VAM)
Acetate esters
Purified Terephthalic Acid (PTA)
On the basis of end-use, the global acetic acid market is segmented into:-
Paints and Coating
Pharmaceuticals
Food and Beverages
Global Acetic Acid Market: Region wise Outlook
The global acetic acid market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Asia pacific is one of the largest market of acetic acid. Taiwan and china are the key markets of acetic acid in Asia pacific region. Owing to increasing demand for paints & coatings, demand for acetic acid is witnessing surge in Asia Pacific region. India will also register a remarkable growth in the global acetic acid market in forecast period due to rising investments, increasing population, favourable government initiatives, constantly enhancing demand from end-use sectors, and expanding industries in the region. China is the largest market of acetic acid. North America and Europe are also the major markets for the acetic acid.
Global Acetic Acid Market: Key Players
Some of the key players in the global acetic acid market are-
E & C chemicals Inc.
Seidler Chemical Company
Parchem – fine & specialty chemicals
Gujarat Narmada valley fertilizers & chemicals limited (GNFC)
GFS chemicals Inc.
Scientific solutions LLC
KAP Techno Chem. USA Inc.
U.S. Chemicals Inc.
Tedia Company Inc.
Hydrite chemical company
Jiangsu Sopo (Group) Co.
Eastman Chemicals
Wacker Chemie
WEGO CHEMICAL GROUP
The global woodworking machines market is highly fragmented due to the presence of large number of regional and global players. Regional players choose quality service and competitive pricing as their winning strategy over global players. In response to this, global players are largely involved in merger & acquisition and partnership activities in order to enhance their profitability margin and market share.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
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