Trichy Daily

Acetic Acid Market Share, Outlook, Trends, Industry Analysis, Opportunities and Forecast 2022-2027

 Breaking News
  • No posts were found

Acetic Acid Market Share, Outlook, Trends, Industry Analysis, Opportunities and Forecast 2022-2027

September 09
22:01 2022
Acetic Acid Market Share, Outlook, Trends, Industry Analysis, Opportunities and Forecast 2022-2027
The Acetic Acid Market to reach US$ 15.5 Billion by 2027, exhibiting at a CAGR of 6.5% during 2022-2027. 

The latest report published by IMARC Group, titled “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the acetic acid market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global acetic acid market size reached a value of US$ 10.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.5 Billion by 2027, exhibiting at a CAGR of 6.5% during 2022-2027. 

Industry Overview and Application:

Acetic acid refers to a solution that is generally extracted naturally by Clostridium acetobutylicum and Acetobacter genus bacteria. Additionally, it is produced synthetically via the oxidation and fermentation of natural carbohydrates that is widely utilized in the preparation of vinegar. It is characterized by a clear, colorless liquid, has a strong odor of vinegar and is corrosive to tissues and metals. Besides this, it is used in the production of metal, vinyl and cellulose acetates and volatile organic esters that are used in the formulation of coatings and lubricants.     

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request to get the sample report: https://www.imarcgroup.com/acetic-acid-technical-material-market-report/requestsample

Market Trends and Business SWOT:

The global market is primarily driven by significant growth in the chemical industry. Coupled with the widespread utilization of acetate acid as a chemical reagent that is utilized used to formulate cellulose acetate is creating a positive market outlook. Moreover, the extensive adoption of vinegar in a wide range of food preparation across the food and beverage industry is providing a boost to the demand for acetic acid across the globe. Additionally, the growing adoption of acetic acid-based solvents in the manufacturing of adhesives and sealants, paints and coatings and textiles is impacting the product uptake favorably. Furthermore, the escalating need for sanitization on account of the rapid outbreak of coronavirus disease (COVID-19) has led to an increase in the sales of acetic acid on the global level. Other factors, including continuous technological advancements in the product manufacturing processes, continual improvements in the distribution and supply chain systems, and extensive research and development (R&D) activities conducted by key players, are also influencing the market growth.

Acetic Acid Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global acetic acid market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players 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

 

Key Market Segmentation:

The report has segmented the global acetic acid market on the basis of application, end-use and region.

Breakup by Application:

  • VAM
  • PTA
  • Anhydride
  • Ethyl Acetate
  • Butyl Acetate
  • Others

 

Breakup by End-Use:

  • Plastics & Polymers
  • Food & Beverage
  • Inks, Paints & Coatings
  • Chemicals
  • Pharmaceuticals
  • Others

 

Regional Insights:

  • China
  • North America
  • Western/Eastern Europe
  • North East Asia
  • South East Asia
  • Middle East & Africa

 

Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=591&flag=C

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • 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.

Browse More Related Reports: 

North America Acetic Acid Market: https://bit.ly/3PVskk3

Aluminium Powder Market: https://bit.ly/3BC0TIl

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com

Related Articles