Acetic Acid Market Analysis, Status, Business Outlook 2022-2027


Posted February 10, 2022 by RupeshBidkar

Acetic acid, also known as ethanoic acid is a colourless liquid, which has a sour smell and distinct and strong pungent. Acetic acid is mainly produced by methanol carbonylation technique.
 
Acetic acid, also known as ethanoic acid is a colourless liquid, which has a sour smell and distinct and strong pungent. Acetic acid is mainly produced by methanol carbonylation technique. Acetic acid is also used for producing chemical contents including Vinyl acetate monomer (VAM), Purified Terephthalic Acid (PTA), etc. Acetic acid is used in various industries such as rubber, plastics, pharmaceutical, construction, paint and other industries. It is also used for water treatment and in vinegar as a key ingredient.

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Global Acetic Acid Market: Drivers and RestraintsGrowing demand for acetic acid in rubber, plastics, pharmaceutical, construction, paint and other industries is driving the growth of global acetic acid market. In addition, increasing demand for Purified Terephthalic Acid (PTA) and Vinyl acetate monomer (VAM) in packaging and textile industry (polyester manufacturing), is also resulting into increasing demand for acetic acid. Increasing demand for acetic acid as vinegar due to various health benefits associated with it is also expected to accelerate the growth of global acetic acid market during the forecast period. Moreover, the expansion of new separation technologies to improve the production efficiency is also can be an opportunity for the global acetic acid market. Furthermore, being an industrial chemical and chemical reagent, acetic acid is also used in making cellulose acetate for the photographic film.Growth of acetic acid market is comparatively low in some regions however the market is already in its maturity stage in those regions. High concentration of acetic acid can be harmful for aquatic life, animals, and plants, which can be a restraint for the global acetic acid market in forecast period. Furthermore, the volatile prices of raw material such as methanol also can be a limiting factor for the acetic acid market.

Global Acetic Acid Market: Region wise OutlookThe global acetic acid market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Asia pacific is one of the largest market of acetic acid. Taiwan and china are the key markets of acetic acid in Asia pacific region. Owing to increasing demand for paints & coatings, demand for acetic acid is witnessing surge in Asia Pacific region. India will also register a remarkable growth in the global acetic acid market in forecast period due to rising investments, increasing population, favourable government initiatives, constantly enhancing demand from end-use sectors, and expanding industries in the region. China is the largest market of acetic acid. North America and Europe are also the major markets for the acetic acid.

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Global Acetic Acid Market: Key PlayersSome of the key players in the global acetic acid market are-E & C chemicals Inc.Seidler Chemical CompanyParchem - fine & specialty chemicalsGujarat Narmada valley fertilizers & chemicals limited (GNFC)GFS chemicals Inc.Scientific solutions LLCKAP Techno Chem. USA Inc.U.S. Chemicals Inc.Tedia Company Inc.Hydrite chemical companyJiangsu Sopo (Group) Co.Eastman ChemicalsWacker ChemieWEGO CHEMICAL GROUPThe global woodworking machines market is highly fragmented due to the presence of large number of regional and global players. Regional players choose quality service and competitive pricing as their winning strategy over global players. In response to this, global players are largely involved in merger & acquisition and partnership activities in order to enhance their profitability margin and market share.The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

The report covers exhaustive analysis on:Market SegmentsMarket DynamicsMarket SizeSupply & DemandCurrent Trends/Issues/ChallengesCompetition & Companies involvedTechnologyValue ChainRegional analysis includesNorth America (U.S., Canada)Latin America (Mexico, Brazil and Rest of Latin America)Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)Eastern Europe (Poland, Russia and Rest of Eastern Europe)Asia Pacific (China, India, ASEAN, Australia & New Zealand)JapanMiddle East and Africa (GCC, S. Africa, and Rest of MEA)The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

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Global Acetic Acid Market: Segmentation On the basis of application, the global acetic acid market is segmented into:-Acetic anhydrideVinyl acetate monomer (VAM)Acetate estersPurified Terephthalic Acid (PTA)On the basis of end-use, the global acetic acid market is segmented into:-Paints and CoatingPharmaceuticalsFood and BeveragesReport Highlights:Detailed overview of parent marketChanging market dynamics in the industryIn-depth market segmentationHistorical, current and projected market size in terms of volume and valueRecent industry trends and developmentsCompetitive landscapeStrategies of key players and products offeredPotential and niche segments, geographical regions exhibiting promising growthA neutral perspective on market performanceMust-have information for market players to sustain and enhance their market footprint

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Last Updated February 10, 2022