Press release
Acetic Acid Market Growth and Size Analysis: Anticipated Rapid Expansion with Celanese Corporation Jiangsu SOPO Co. Ltd, Eastman Chemical Company
Acetic Acid Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Acetic Acid market from 2024 to 2031, and what is the market value expected to change by 2031?
The Acetic Acid Market is expected to reach at a high CAGR 5.4% by 2031
What is Acetic Acid Market?
Acetic Acid is a colorless, organic compound with the chemical formula CH₃COOH. It is a weak acid and the primary component of vinegar, where it typically constitutes about 4-8% of the solution. Acetic acid has a distinctive pungent odor and sour taste and is widely used in food preservation, flavoring, and as a condiment. Beyond culinary uses, it serves as a key chemical feedstock in the production of various industrial products, including solvents, plastics, and synthetic fibers. Acetic acid also plays a significant role in chemical synthesis and is utilized in laboratories for various reactions and processes.
Growth Driver
The growing demand for biobased chemicals across various industries is a key driver of market growth, particularly in the sales of sugar-based bio-acetic acid. The increase in production of bio-based acetic acid can be attributed to the rising acceptance and use of biobased chemicals in sectors such as chemicals and personal care.
Key Players:
Profiles of some of the major players in the global Acetic Acid market, which include:
Celanese Corporation Jiangsu SOPO Co. Ltd, Eastman Chemical Company, Daicel Corporation, INEOS, Jiangsu Sopo Co. Ltd., Shandong Hualu-Hengsheng Chemical Co. Ltd., Shanghai Huayi Company, LyondellBasell Industries Holdings BV, Yankuang Cathay Coal Chemicals Co. Ltd., Kingboard Chemical Holdings Ltd
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Acetic Acid market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Derivative: Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, Ester Solvents, Ethyl Acetate, Others
By Form: Powder, Liquid
By End-User: Plastics & Polymers, Food & Beverage, Paints & Coatings, Chemicals, Pharmaceuticals, Others
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
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➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
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