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Glacial Acetic Acid Market In-depth Analysis Report

09-08-2020 06:08 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Global Market Monitor

Glacial Acetic Acid Market In-depth Analysis Report

Latest market research report on Global Glacial Acetic Acid Market published by Global Market Monitor, offers updated COVID-19 Impacts on global or regional Glacial Acetic Acid market.

Due to rapid industrialization in the emerging economies of the world, the consumption of adhesives and sealants has increased over the past three years and hence the demand for vinyl acetate monomer has seen a significant increase. Moreover, increasing use of PET in packaging industry is expected to increase the sales of glacial acetic acid, which is the major raw material (PTA) for the production of terephthalic acid. Moreover, glacial acetic acid is mainly used in household applications as a food additive and a refining agent in flavorings. Currently, China is the largest market for glacial acetic acid and is expected to grow in the future due to the increasing end-use demand in the region. Increasing industrialization in the country is expected to drive the market demand in the coming years. Moreover, China, being one of the largest automotive producers, is expected to have a huge market for sealants and adhesives, thus is expected to drive the demand for glacial acetic acid over the forecast period. The market for glacial acetic acid in China is expected to witness high growth owing to availability of cheap labor and ease of access to raw materials. Asia Pacific is the largest market for glacial acetic acid with growing demand from countries such as India and Japan. Growing health concerns and changing lifestyles in North America are expected to drive the market growth. Moreover, increasing technological innovations in manufacturing process and development of infrastructure are expected to drive the market demand in the region over the next seven years. The EU countries are expected to witness growth owing to increasing application of glacial acetic acid in industries such as textiles, automotive, and pharmaceuticals.

Glacial Acetic Acid is an organic monomeric acid, the main component of vinegar. Glacial acetic acid is a colorless undiluted acetic acid that is widely used in food and beverages as a preservative, in drugs, paints, coatings, inks and vinegars. Glacial acetic acid is essentially alkaline and is considered a good acidity regulator in many foods and beverages.

Demand for Specialty Foods and Growth Beverages is expected to drive the global market demand for glacial acetic acid over the forecast period. Increasing consumption of vinegar in various food products and beverages, coupled with the expanding application of glacial acetic acid in textile manufacturing, is expected to drive the market growth in the coming years. In addition, it is also used in the petrochemical industry as it is a key chemical for various reactions. Increasing number of other petrochemical refineries coupled with expanding household applications are other key factors that are expected to drive the market demand for glacial acetic acid in the coming years. Glacial acetic acid can also be obtained through bacterial fermentation. The cost of raw materials is the major factor determining the demand for glacial acetic acid. Key application markets include its use in the production of vinyl acetate monomer and purified terephthalic acid, which is also used in the manufacturing of PET, sealants, and adhesives, among other applications. A major factor driving the growth of the glacial acetic acid market is the increasing demand from the industry, which has led to an increase in the use of the end product.

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Competition Analysis
Major competitors of the global Glacial Acetic Acid market include:
Eastman Chemical
Qingdao Huatuo Chemicals
LyondellBasell Industries
Wacker Chemie
Henan CXH Purity Industrial And Trading
Svensk Etanolkemi
Mitsubishi Chemical

Application Outline:
Vinyl Acetate Monomer
Ester Production
Acetic Anhydride
Medical Use

Type Outline:

Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Glacial Acetic Acid Market

2 Market Trends and Competitive Landscape
3 Segmentation of Glacial Acetic Acid Market by Types
4 Segmentation of Glacial Acetic Acid Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Glacial Acetic Acid Market in Major Countries
7 North America Glacial Acetic Acid Landscape Analysis
8 Europe Glacial Acetic Acid Landscape Analysis
9 Asia Pacific Glacial Acetic Acid Landscape Analysis
10 Latin America, Middle East & Africa Glacial Acetic Acid Landscape Analysis
11 Major Players Profile

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Glacial Acetic Acid Market: Region Outlook
North America (U.S., Canada, Mexico)
Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe)
Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries)

• Glacial Acetic Acid manufacturers
• Glacial Acetic Acid traders, distributors, and suppliers
• Glacial Acetic Acid industry associations
• Product managers, Glacial Acetic Acid industry administrator, C-level executives of the industries
• Market Research and consulting firms

Key Features of the Glacial Acetic Acid Market Report
-Report customization as per the client’s requirements
-Analysis of product segments for Glacial Acetic Acid market with historical data and forecast
-Learn about the various market strategies that are being adopted by leading companies.
-Global Glacial Acetic Acid market size & trends, drivers, constraints, growth opportunities, regional and country level analysis, investment opportunities, and recommendations
-It provides a six-year forecast based on Glacial Acetic Acid market growth forecasts

Available Customizations – Market Monitor offers customizations according to the company's specific needs.

Get More Information on Global Market Monitor:
Acetic Acid Market Report

Chloroacetic Acid Market Report

Nitric Acid Market Report

Rosin Acids Market Report

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About Global Market Monitor
Global Market Monitor is a professional modern consulting company, engaged in three major business categories such as market research services, business advisory, technology consulting.

We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.

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