The global Acetic Acid market is projected to grow from USD 19.99 Bn in 2021 to 30.22 Bn by 2030, at a CAGR of 4.7% in forecast period, 2022-2030.
The increased adoption of Acetic Acid in the Organic Chemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Acetic Acid also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Acetic Acid in many sectors also boosts the market growth during the forecast period.
Acetic acid (CH3COOH), also known as ethanoic acid or methane carboxylic acid, is a colourless organic chemical with a pungent, harsh, and sour odour. It is a major chemical reagent and industrial chemical used in the production of volatile organic esters such as ethyl and butyl acetates, vinyl acetate, cellulose acetate, and metal acetates. The increasing use of acetic acid in the production of terephthalic acid is expected to drive market growth over the forecast period.
Acetic Acid Market Research Report” was just released by Market Research Community. It is divided into several categories, including End-Use (Food and beverages, Paints and coating, Plastics & Polymers, Pharmaceutical, Chemicals, Others), application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ester Solvents, Acetic Anhydride, Others), and companies (Gujrat Narmada Valley Fertilizers & Chemicals Limited; Pentokey Organy, Ashok Alco Chem Limited; DAICEL CORPORATION; The Dow Chemical Product; DubiChem; INEOS, Eastman Chemical Company; Celanese Corporation; LyondellBasell Industries Holding B.V.; SABIC; HELM AG; Airedale Chemical Company Limited; Indian Oil Corporation Ltd), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.7%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||30.22 Billion|
|By End-Use||Food and beverages, Paints and coating, Plastics & Polymers, Pharmaceutical, Chemicals, Others|
|By Application||Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ester Solvents, Acetic Anhydride, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Gujrat Narmada Valley Fertilizers & Chemicals Limited; Pentokey Organy, Ashok Alco Chem Limited; DAICEL CORPORATION; The Dow Chemical Product; DubiChem; INEOS, Eastman Chemical Company; Celanese Corporation; LyondellBasell Industries Holding B.V.; SABIC; HELM AG; Airedale Chemical Company Limited; Indian Oil Corporation Ltd|
The COVID-19 pandemic has had a substantial negative influence on the Acetic Acid market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Gujrat Narmada Valley Fertilizers & Chemicals Limited; Pentokey Organy, Ashok Alco Chem Limited; DAICEL CORPORATION; The Dow Chemical Product; DubiChem; INEOS, Eastman Chemical Company; Celanese Corporation; LyondellBasell Industries Holding B.V.; SABIC; HELM AG; Airedale Chemical Company Limited; Indian Oil Corporation Ltd
Market Segment Analysis:
- Vinyl Acetate Monomer (VAM)
- Purified Terephthalic Acid (PTA)
- Ester Solvents
- Acetic Anhydride
- Food and beverages
- Paints and coating
- Plastics & Polymers
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Acetic Acid industries in the region.
Key Acetic Acid Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Acetic Acid Market segments.
– Largest Market Share Held by Industry to Industry for Acetic Acid
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Acetic Acid Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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