openPR Logo
Press release

Global Acetic Acid Market to Reach USD 11.27 Billion by 2030

05-03-2023 06:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports And Data

Global Acetic Acid Market to Reach USD 11.27 Billion by 2030

According to a new report by Reports and Data, the global acetic acid market is projected to reach USD 11.27 Billion by 2030. The report suggests that the growing use of acetic acid in the production of different products such as purified terephthalate acid and vinyl acetate monomers (VAM) is expected to drive the market size of acetic acid in the forecast period.

Acetic acid is a vital ingredient in the production of VAM, which is further used in manufacturing various resins and polymers for adhesives, films, paints, coatings, textiles, and other end-user products. Two major derivatives manufactured using Vinyl Acetate Monomers (VAM) are Polyvinyl Alcohol (PVOH) and Polyvinyl acetate (PVA). PVA is extensively employed in adhesives, textiles, photosensitive coatings, packaging films, and thickeners, while PVOH is used in paper coatings, industrial coatings, and paints due to its ideal adhesion properties.

The increasing investments in infrastructure across the world are expected to propel the demand for coatings and sealants, which in turn, is expected to contribute towards the growth of the acetic acid market. Furthermore, the rising application of acetic acid in the manufacture of terephthalic acid is also anticipated to drive the market during the forecast period.

The Asia-Pacific region dominates the global market for acetic acid. The region is projected to be the largest market for the textile industry, owing to its strong industrial base. The increase in population and improving economic conditions are also driving the market in the region. China is the largest market for acetic acid globally, accounting for more than 30% of the global consumption.

Access Full Report Description with Research Methodology and Table of Content @ https://www.reportsanddata.com/report-detail/acetic-acid-market

Acetic Acid Market Segments:

Reports and Data have segmented the global Acetic Acid market for the purpose of this report on the basis of form, manufacturing process, application, end-users, and region.
In terms of Derivative Outlook, the report provides revenue and volume forecasts (USD Billion and Kilo Tons, respectively) for the following derivatives from 2019-2030: Diclofenac, Tolmetin, and Indomethacin.
The report also provides revenue and volume forecasts (USD Billion and Kilo Tons, respectively) for the Manufacturing Process Outlook, which includes Synthetic Route, Biological Route, Paraffin Oxidation, Methanol Carbonylation, Olefin Oxidation, and Terephthalic/Isophthalic Acid Coproduct from 2019-2030.
Furthermore, the report offers revenue and volume forecasts (USD Billion and Kilo Tons, respectively) for the Application Outlook, which covers Acetic Anhydride, Monochloroacetic Acid, Terephthalic acid, Vinyl Acetate Monomer, Ketene, Dimethylacetamide, and Others from 2019-2030.
The End-Use Outlook section provides revenue and volume forecasts (USD Billion and Kilo Tons, respectively) for various sectors, including Food and Beverage, Cosmetics, Chemicals, Textile, Inks, Paints, and Coatings, Pharmaceuticals, and Others from 2019-2030.
Finally, the report analyzes the Acetic Acid market across various regions, including North America (U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, Spain, Sweden, BENELUX, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of APAC), Latin America (Brazil and Rest of LATAM), and the Middle East & Africa (Saudi Arabia, UAE, South Africa, Israel, and Rest of MEA) from 2019-2030. The report provides revenue forecasts (USD Billion) for each region.

Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/2327

Acetic Acid Market: Strategic Developments

Acetic acid has various applications in different industries, such as the manufacture of synthetic materials like bottles and pigments, dyes, and paint additives. Additionally, it is used in printing on fabric and as a solvent for cleaning and degreasing. One of the significant applications of acetic acid is in the textile industry, where it is used as a buffering agent for dyeing cloth with specific colors. The growing textile industry, driven by the increasing global population and disposable income, is expected to contribute to the growth of the acetic acid market.

Acetic acid is produced through bacterial and synthetic fermentation, and approximately 75% of the acetic acid used in the chemical industry is produced through Methanol Carbonylation. This process is catalyzed by homogeneous metal complexes and has several advantages, including high product yield and reactant conversion. However, the process also has disadvantages such as high catalyst cost and severe corrosion to equipment by the cocatalyst iodide
The European region is expected to see a CAGR of 5.7% during the forecast period due to increasing investments in healthcare, growing health concerns, and rising vinegar consumption.

Acetic Acid Market: Competitive Landscape

The global acetic acid market is highly competitive, with a few key players dominating the market. Some of the leading companies operating in the market include Mitsubishi Chemical Holdings Corporation, Wacker Chemie AG, Gujarat Narmada Valley Fertilizers & Chemicals Limited, DuPont de Nemours, Inc., Eastman Chemical Company, Daicel Corporation, Jiangsu SOPO (Group) Co., Ltd., HELM AG, Celanese Corporation, and Pentokey Organy.

These companies are constantly engaged in research and development activities to develop new products and improve existing ones. They also focus on expanding their geographic presence and strengthening their distribution networks to enhance their market position. In addition, strategic partnerships, collaborations, and mergers and acquisitions are some of the key strategies adopted by these companies to maintain their market dominance.

Mitsubishi Chemical Holdings Corporation is one of the leading companies in the global acetic acid market, offering a wide range of products that cater to various end-use industries. Wacker Chemie AG is another major player in the market, offering high-quality acetic acid products that are used in various applications such as food, pharmaceuticals, and coatings. Gujarat Narmada Valley Fertilizers & Chemicals Limited is also a significant player in the market, with a strong presence in the Asia-Pacific region.
Overall, these key players are expected to continue to drive the growth of the global acetic acid market in the coming years, with a focus on innovation and expansion.

Browse Our Related Links:

Returnable Packaging Market Overview - https://www.marketwatch.com/press-release/returnable-packaging-market-to-reach-usd-5924-billion-by-2026-2023-04-13?mod=search_headline

Textile Chemicals Market Segmentations - https://www.digitaljournal.com/pr/news/global-textile-chemicals-market-size-to-reach-usd-38-66-billion-in

Point of Use Water Treatment Systems Market Application - https://www.digitaljournal.com/pr/news/global-point-of-use-water-treatment-systems-market-size-to-reach-usd-29-63-billion-in-2028

Construction Plastics Market Competition landscape - https://www.digitaljournal.com/pr/news/global-construction-plastics-market-size-to-reach-usd-149-94-billion-in-2028

Power Tools Market Asia Pacific - https://www.marketwatch.com/press-release/global-power-tools-market-size-to-reach-usd-3878-billion-in-2028-2023-04-14?mod=search_headline

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyses consumer behaviour shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

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 Global Acetic Acid Market to Reach USD 11.27 Billion by 2030 here

News-ID: 3039703 • Views:

More Releases from Reports And Data

Global Automotive Variable Geometry Turbocharger Market Insight, Growth, Industry Trends | Reports and Data
Global Automotive Variable Geometry Turbocharger Market Insight, Growth, Industr …
The automotive variable geometry turbocharger (VGT) market is an important segment within the automotive turbocharger industry, focused on advanced turbocharging technology that adjusts turbine geometry to optimize exhaust flow and boost pressure. VGTs enhance engine performance, improve fuel efficiency, and reduce emissions, making them essential in modern internal combustion engines-particularly in downsized gasoline and diesel engines. This technology supports automakers' efforts to meet stringent fuel economy and emission regulations while
Global Automotive Vacuum Pump Market Size, Growth, Industry Trends | Reports and Data
Global Automotive Vacuum Pump Market Size, Growth, Industry Trends | Reports and …
The automotive vacuum pump market is a significant segment within the automotive components industry, focusing on pumps that generate vacuum pressure essential for various vehicle functions such as brake boosters, engine control, HVAC systems, and emission control. These pumps improve vehicle safety, performance, and efficiency and are critical in modern internal combustion engine (ICE) vehicles as well as in hybrid and electric vehicles (EVs), especially as engine downsizing and electrification
Global Automotive Tie Rod Assembly Market Set for Rapid Growth - Reports and Data
Global Automotive Tie Rod Assembly Market Set for Rapid Growth - Reports and Dat …
The automotive tie rod assembly market is a key segment within the automotive steering system components industry, focusing on the manufacture and supply of tie rod assemblies that are essential for precise steering control, vehicle stability, and safety. Tie rod assemblies connect the steering gear to the wheels and play a crucial role in translating driver steering input into wheel movement. These assemblies are widely used across passenger cars, light
Global Automotive Transmission Valve Spool Market Insight, Growth, Industry Trends | Reports and Data
Global Automotive Transmission Valve Spool Market Insight, Growth, Industry Tren …
The automotive transmission valve spool market is a vital segment within the automotive transmission components industry, focusing on manufacturing and supplying valve spools that control hydraulic fluid flow inside transmission systems. These valve spools are critical for enabling smooth gear shifts, optimizing transmission performance, and enhancing overall vehicle efficiency and reliability. They are widely used across automatic and advanced transmission systems in passenger cars, commercial vehicles, and increasingly in hybrid

All 5 Releases


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