Global Acetic Acid Market Size to Expand At 7.3% CAGR Through 2028 | Mitsubishi Chemical Company, Celanese Corporation, INEOS Styrolution, Eastman Chemical Company, Jiangsu Sopo

Market Study Report recently added a new title on 2022-2028 Global Acetic Acid Market Report from its database. The report provides study with in-depth overview, describing about the Product, Size, Share, Industry Scope and elaborates market outlook and status to 2028.

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The global Acetic Acid market was valued at over US$ 11.0 billion in 2021 and is expected to grow at a CAGR of 7.3% over the forecast period of 2022-2028.

The report also provides analysis of the key companies of the industry and their detailed company profiles including Celanese Corporation, INEOS Styrolution, Eastman Chemical Company, Jiangsu Sopo (Group) Co., Ltd., China Petroleum & Chemical Corporation (Sinopec), Lyondell Basell Industries, Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Company, PetroChina Co. Ltd., BASF SE, Daicel Corporation and Kingboard Chemical Holdings.

Market Scope & Overview

The global Acetic Acid market study comprises comprehensive market analysis and insights across the key market segments and geography. The market report analyzes the global market for the historical period of 2019-2021 and the forecast period of 2022-2028 based on the product installed base, key forecasting factors impacting the market conditions, and major market developments happening in the market throughout the analysis period. practices primary and secondary research for conducting an insightful market study. Various market parameters such as macroeconomic conditions, market environment, government policies, and competitive landscape are thoroughly studied and taken into account while analyzing the market.

The global Acetic Acid market report also covers value chain and supply chain analysis that provides in-depth information about the value addition at each stage of the product. Market dynamics incorporated in the market study include drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period. The market study also covers the pricing analysis of each product based on its types and regions.

The global Acetic Acid market includes a market share analysis and market structure overview with detailed company profiling of leading players with their financials, product offerings, major developments, etc. It also covers the capacity analysis of each industry player operating in the market. This enables, clients and report buyers to make strong, precise, and timely decisions.

State of Global Economy, COVID-19 Outbreak, and the Russo-Ukraine War Impact

The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdue growth, while other countries continued to grapple with economic slowdowns. Also, intensifying tension between the US and Iran along with the tightening sanctions on Venezuela by the US further hampered global economic growth in 2019. Moreover, the heightened trade war between the US and China and the rising trade uncertainty continued to exert adverse effects on the global economy. Amid all these, the COVID-19 outbreak at the end of the year 2019 in Wuhan, China further deteriorated global economic growth.

The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, UK, Germany, India, Japan, South Korea, the UK, and many others. Many of these countries had announced partial or complete nationwide lockdowns. The governments of several nations have called on people to shelter in place at home, travel restrictions, shut down local businesses, and prohibited social gatherings.

The rapid spread of the virus in the early month of 2020 followed by a second wave of COVID-19 caused a significant change in management strategies of the leading industries which have affected the market or industry at a significant level. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.

Key Market Segmentation and Companies segmented the global Acetic Acid market based on organization size, deployment, and region.
By Form
• Powder
• Liquid

By Derivative
• Vinyl Acetate Monomer (VAM)
• Purified Terephthalic Acid (PTA)
• Ester Solvents
• Acetic Anhydride
• Ethyl Acetate
• Ethanol

By End User Industry
• Plastics and Polymers
• Food and Beverage
• Adhesives, Paints, and Coatings
• Chemicals
• Textile
• Pharmaceuticals
• Other End-user Industries

By Region
North America, US, Canada, Latin America, Brazil, Mexico, Rest of Latin America, Western Europe, Germany, UK, France, Spain, Italy, Benelux, Nordic, Rest of Western Europe, Eastern Europe, Russia, Poland, Rest of Eastern Europe, Asia Pacific, China, Japan, India, South Korea, Australia, ASEAN (Indonesia, Vietnam, Malaysia, etc.), Rest of Asia Pacific, Middle East & Africa, GCC, South Africa, Turkey and Rest of the Middle East & Africa.

Questions And Answers: Global Acetic Acid Market

Q1. How much CAGR is the Acetic Acid market projected to record over the forecast spell?

Answer: Expected CAGR that Acetic Acid market is estimated to register is 7.3% over 2022-2028.

Q2. What was the remuneration of the Acetic Acid market in the year 2021?

Answer: The overall Acetic Acid market acquired a revenue share of 11.0 billion in 2021.

Q4. Which Are the Key Players in Global Acetic Acid Market?

Answer: Celanese Corporation, INEOS Styrolution, Eastman Chemical Company, Jiangsu Sopo (Group) Co., Ltd., China Petroleum & Chemical Corporation (Sinopec), Lyondell Basell Industries, among others are the leading players in worldwide Acetic Acid Market.

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