The Acetic Acid Market will reach US$16.1 Billion by 2028, growing at a CAGR of 6.2% during the period 2023-2028.
Sheridan, Wy, USA, November 20, 2022 /einpresswire.com/ – According to the last report of the Imarc group, entitled “𝗔𝗰𝗲𝘁𝗶𝗰 𝗔𝗰𝗶𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮3-𝟮𝟬𝟮8”, Le Monde la Acetic acid market size reached US$11.2 billion in 2022. Looking ahead, IMARC Group expects the market to reach US$16.1 billion by 2028, with a CAGR of 6.2% in 2023-2028.
Acetic acid, or ethanoic acid (CH3COOH), is a clear, colorless organic monocarboxylic compound that has antifungal and antibacterial properties. It is commercially formulated on an industrial scale by the air oxidation of acetaldehyde and the carbonylation of methanol. It is still found in animal secretions and in many plants, where it is mixed with the esters of various alcohols. Unlike nitric, formic or sulfuric acid, acetic acid has a lower density and its melting point is significantly higher. Currently, it is widely used in the manufacture of vinyl acetate monomer (VAM) and purified terephthalic acid (PTA). Apart from this, acetic acid finds many applications as an essential chemical reagent to produce various used chemicals, which are widely used in industries to manufacture textiles, inks, rubber and plastics.
𝗚𝗲𝘁 𝗮 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/acetic-acid-technical-material-market-report/requestsample
𝗔𝗰𝗲𝘁𝗶𝗰 𝗔𝗰𝗶𝗱 𝗠𝗮𝗿𝗸𝗲𝘁:
The widespread adoption of acetic acid in various industrial sectors as vinyl acetate monomer (VAM) and derivatives to make resins, ethylene vinyl alcohol (EVOH) paints, paperboard coatings and adhesives is mainly driving the growth of the market. Additionally, the massive adoption of acetic acids in the food and beverage (F&B) industry as an acidifying agent to pickle vegetables and add flavor to apple cider vinegar is driving the market growth. It further offers various benefits, such as killing bacteria, reducing blood pressure, decreasing inflammation, and promoting weight loss. Apart from this, the increasing use of acetic acid to manufacture polyester, sealants and greases which further find applications in various industries, such as electronics, textiles and packaging, contribute to the market growth.
𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗡𝗼𝘄: https://www.imarcgroup.com/checkout?id=591&method=1
Competitive landscape with key players:
The competitive landscape of the Acetic Acid market has been studied in the report along with the detailed profiles of the major 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 NV
• Mitsubishi Chemical Corporation
• Showa Denko KK
• Svensk Etanolkemi AB (SEKAB)
• Wacker Chemie AG
𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼:
The report has segmented the global acetic acid market on the basis of application, end-use, and region.
Breakdown by application:
• Ethyl acetate
• Butyl acetate
Breakdown by end use:
• Plastics and polymers
• Food and drinks
• Inks, paints and coatings
• Chemical products
• Pharmaceutical products
Breakdown by region:
• North America
• Western/Eastern Europe
• Northeast Asia
• South East Asia
• Middle East and Africa
𝗔𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗳𝗼𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝘄𝗶𝘁𝗵 𝗧𝗢𝗖 & 𝗟𝗶𝘀𝘁 𝗼𝗳 𝗙𝗶𝗴𝘂𝗿𝗲𝘀: https://www.imarcgroup.com/request?type=Report&id=591&flag=c
Main 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
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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