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/ โ According to the last report of the Imarc group, entitled โ๐๐ฐ๐ฒ๐๐ถ๐ฐ ๐๐ฐ๐ถ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ, ๐ฆ๐ถ๐๐ฒ, ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฎ๐ฌ๐ฎ3-๐ฎ๐ฌ๐ฎ8โ, 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.
๐๐ฒ๐ ๐ฎ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/acetic-acid-technical-material-market-report/requestsample
๐๐ฐ๐ฒ๐๐ถ๐ฐ ๐๐ฐ๐ถ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐:
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.
๐๐ต๐ฒ๐ฐ๐ธ๐ผ๐๐ ๐ก๐ผ๐: 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:
โข British Petroleum Plc
โข Celanese Corporation
โข Daicel Corporation
โข Eastman Chemical Company
โข GNFC limited
โข HELM AG
โข LyondellBasell Industries NV
โข Mitsubishi Chemical Corporation
โข PetroChina
โข SABIC
โข Showa Denko KK
โข Sinopec
โข Svensk Etanolkemi AB (SEKAB)
โข Wacker Chemie AG
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ:
The report has segmented the global acetic acid market on the basis of application, end-use, and region.
Breakdown by application:
โข VAM
โข APT
โข Anhydride
โข Ethyl acetate
โข Butyl acetate
โข Others
Breakdown by end use:
โข Plastics and polymers
โข Food and drinks
โข Inks, paints and coatings
โข Chemical products
โข Pharmaceutical products
โข Others
Breakdown by region:
โข China
โข North America
โข Western/Eastern Europe
โข Northeast Asia
โข South East Asia
โข Middle East and Africa
๐๐๐ธ ๐๐ป๐ฎ๐น๐๐๐ ๐ณ๐ผ๐ฟ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐๐ ๐ฝ๐น๐ผ๐ฟ๐ฒ ๐๐๐น๐น ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ถ๐๐ต ๐ง๐ข๐ & ๐๐ถ๐๐ ๐ผ๐ณ ๐๐ถ๐ด๐๐ฟ๐ฒ๐: https://www.imarcgroup.com/request?type=Report&id=591&flag=c
Main highlights of the report:
โข Market performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market trends
โข Market drivers and success factors
โข Impact of COVID-19
โข Value chain analysis
โข 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.
๐๐ฏ๐ผ๐๐ ๐จ๐
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