Acetic Acid Market Size, Trends, Growth, Statistics and Latest Research Report 2023-2028

IMARC Group, a leading market research company, has recently released a report titled "𝐀𝐜𝐞𝐭𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the global acetic acid market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the 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.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: 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.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: 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:

• British Petroleum Plc
• Celanese Corporation
• Daicel Corporation
• Eastman Chemical Company
• GNFC Limited
• HELM AG
• LyondellBasell Industries N.V.
• Mitsubishi Chemical Corporation
• PetroChina
• SABIC
• Showa Denko K.K.
• Sinopec
• Svensk Etanolkemi AB (SEKAB)
• Wacker Chemie AG

What is Included in Market Segmentation?

The report has categorized the market based on application and end-use.

Based on Application:
• VAM
• PTA
• Anhydride
• Ethyl Acetate
• Butyl Acetate
• Others

On the Basis of End-Use Insights:
• Plastics and Polymers
• Food and Beverage
• Inks, Paints and Coatings
• Chemicals
• Pharmaceuticals
• Others

Regional Insights:
• China
• North America
• Western/Eastern Europe
• Northeast Asia
• Southeast Asia
• Middle East & Africa

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.imarcgroup.com/request?type=report&id=591&flag=C

Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• 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.

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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.

This release was published on openPR.