Acetic Acid Market Expected to Boom with Major Giants Celanese, Chang Chun, Daicel

IMR posted new studies guide on Acetic Acid Market Insights with self-defined Tables and charts in presentable format. In the Study you may locate new evolving Trends, Drivers, Restraints, Opportunities generated via targeting market related stakeholders. The boom of the Acetic Acid marketplace became specifically driven with the aid of the growing R&D spending internationally.

Some of the Top Leading Key Players: Celanese Corporation (Dallas, Texas, USA), Chang Chun Group (Taipei, Taiwan), Daicel Corporation (Osaka, Japan), Eastman Chemical Company (Kingsport, Tennessee, USA), GNFC Limited (Gujarat, India), INEOS (London, United Kingdom), Jiangsu SOPO (Group) Co. Ltd. (Nanjing, China), Kingboard Holdings Limited (Hong Kong), LyondellBasell Industries Holdings BV (Houston, Texas, USA), Mitsubishi Chemical Corporation (Tokyo, Japan), PetroChina Company Limited (Beijing, China), Sabic (Riyadh, Saudi Arabia), Shandong Hualu-Hengsheng Chemical Co. Ltd. (Weifang, China), Shanghai Huayi Holding Group Co. Ltd. (Shanghai, China), Sipchem Company (Al Khobar, Saudi Arabia), Svensk Etanolkemi AB (SEKAB) (Örnsköldsvik, Sweden), Tanfac Industries Ltd. (Tamil Nadu, India), Yankuang Group (Jining, China), and Other Key Players

Acetic Acid Market Size Was Valued at USD 8.13 Billion in 2023, and is Projected to Reach USD 13.28 Billion by 2032, Growing at a CAGR of 5.6% From 2024-2032.

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The Acetic Acid Market revolves around the production and application of acetic acid (CH₃COOH), a colorless organic compound with a strong vinegar-like smell. It is widely used in the production of vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetic anhydride, and esters for solvents. The food industry also uses diluted acetic acid as a preservative and flavoring agent. The market is driven by increasing demand for VAM in adhesives, paints, and coatings, as well as PTA in polyester production. The shift toward bio-based acetic acid and concerns over volatile raw material prices impact market dynamics.

Segmentation Analysis of the Acetic Acid Market
By Type:
• Vinyl Acetate Monomer (VAM)
• Purified Terephthalic Acid (PTA)
• Ethyl Acetate
• Acetic Anhydride
• Other Derivatives
By Applications:
• Plastics and Polymers
• Food and Beverage
• Adhesives, Paints, and Coatings
• Textile
• Medical
• Other Applications

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Key Industry Developments in the Acetic Acid Market:
In January 2023, The entire text of the environmental impact study is accessible through the following link. State that, Hebei Kingboard Energy Development Co., LTD., a firm's unit, will send "Environmental Impact Report of Hebei Kingboard Energy Development Co., LTD. Acetic Acid Expansion and Change Project " to obtain approval.
In June 2022, Of the Hebei Kingboard Energy Development Co. Ltd. was starting the construction of a 29,80-ton-per-year acetic acid unit. The original 71398 kg a day project of carbon capture and use was the starting point for the 237. A US$ 3. 6 billion 20 billion project, which means the creation of low-carbon development and less-low-carbon chemical materials production to create a high quality-added carbon neutrality demonstration park.

Regional Analysis
Asia Pacific is Expected to Dominate the Market Over the Forecast period

Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Strategic Points Covered in Table of Content of Acetic Acid Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: Acetic Acid Market Landscape
Chapter Four: Acetic Acid Market by Type
Chapter Five: Acetic Acid Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global Acetic Acid Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology

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