Press release
Acetic Acid Market Size, Trends, Growth, Statistics and Latest Research Report 2023-2028
Acetic Acid Market
Report Highlights
How Big is the Acetic Acid Market?
The global acetic acid market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.1 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/acetic-acid-technical-material-market-report/requestsample
What is Acetic Acid?
Acetic acid, a versatile organic compound, plays a significant role in various industries worldwide. It is a colorless liquid with a pungent odor, also known as ethanoic acid. It is a vital chemical building block, serving as a precursor to produce numerous chemicals and materials. Acetic acid is primarily produced through the methanol carbonylation process or by the oxidation of acetaldehyde. Its uses range from being a key ingredient in the production of vinyl acetate monomer (VAM), which is used in the manufacturing of polymers, adhesives, and coatings, to serving as a food preservative and flavoring agent in the food and beverage industry. Acetic acid is commonly used in industries, such as chemicals, textiles, pharmaceuticals, and food and beverages (F&B).
What are the Growth Prospects and Trends in the Acetic Acid Industry?
The steady expansion of the chemical industry represents one of the key factors driving market growth. In line with this, the rising demand for various downstream chemicals is contributing to the market growth. The continuous development and innovations in chemical manufacturing are creating a strong demand for acetic acid, thereby driving the market forward toward growth. The rising demand for synthetic fibers and the growing textile sector in emerging economies are fueling the demand for acetic acid. Moreover, the rising need for food preservation is acting as a major growth-inducing factor. In line with this, acetic acid is widely utilized as a food preservative, flavoring agent, and acidity regulator in the food and beverage industry, which is contributing to the market growth. The market is also being driven by the growing consumer awareness about food safety.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=591&method=1
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Who are the Key Players Operating in the Acetic Acid Market?
The report has also provided a comprehensive analysis of the competitive landscape in the global acetic acid market. Some of the companies covered in the report include:
โข British Petroleum Plc
โข Celanese Corporation
โข Daicel Corporation
โข Eastman Chemical Company
โข GNFC Limited
โข HELM AG
โข LyondellBasell Industries N.V.
โข Mitsubishi Chemical Corporation
โข PetroChina
โข SABIC
โข Showa Denko K.K.
โข Sinopec
โข Svensk Etanolkemi AB (SEKAB)
โข Wacker Chemie AG
What is Included in Market Segmentation?
The report has categorized the market based on application and end-use.
Based on Application:
โข VAM
โข PTA
โข Anhydride
โข Ethyl Acetate
โข Butyl Acetate
โข Others
On the Basis of End-Use Insights:
โข Plastics and Polymers
โข Food and Beverage
โข Inks, Paints and Coatings
โข Chemicals
โข Pharmaceuticals
โข Others
Regional Insights:
โข China
โข North America
โข Western/Eastern Europe
โข Northeast Asia
โข Southeast Asia
โข Middle East & Africa
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.imarcgroup.com/request?type=report&id=591&flag=C
Key Highlights of the Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com/
Follow us on twitter: @ImarcServices
LinkedIn: https://www.linkedin.com/company/imarc-group
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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