The Acetic Acid Market to reach US$ 16.1 Billion by 2028, exhibiting at a CAGR of 6.2% during 2023-2028.
SHERIDAN, WY, USA, November 21, 2022 /
EINPresswire.com/ -- According to IMARC Groupโs latest report, titled โ๐๐ฐ๐ฒ๐๐ถ๐ฐ ๐๐ฐ๐ถ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐, ๐ฆ๐ต๐ฎ๐ฟ๐ฒ, ๐ฆ๐ถ๐๐ฒ, ๐๐ฟ๐ผ๐๐๐ต, ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฎ๐ฌ๐ฎ3-๐ฎ๐ฌ๐ฎ8โณ, the
global acetic acid market size reached US$ 11.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.1 Billion by 2028, exhibiting at a CAGR of 6.2% during 2023-2028.
Acetic acid, or ethanoic acid (CH3COOH), is a clear, colorless, organic monocarboxylic compound that comprises antifungal and antibacterial properties. It is commercially formulated on an industrial scale through the air oxidation of acetaldehyde and the carbonylation of methanol. It can be further discovered in animal secretions and numerous plants, where it is mixed with the esters of different alcohols. Unlike nitric, formic, or sulfuric acid, acetic acid has lower density, and its melting point is significantly higher. Currently, It is widely used in manufacturing vinyl acetate monomer (VAM) and purified terephthalic acid (PTA). Apart from this, acetic acid finds extensive applications as an essential chemical reagent to produce diverse chemicals used, which are employed extensively in industries to manufacture textiles, inks, rubber, and plastic materials.
๐๐ฒ๐ ๐ฎ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
https://www.imarcgroup.com/acetic-acid-technical-material-market-report/requestsample
๐๐ฐ๐ฒ๐๐ถ๐ฐ ๐๐ฐ๐ถ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐:
The widespread adoption of acetic acid across various industrial verticals in vinyl acetate monomer (VAM) form and derivatives to manufacture resins, ethylene vinyl alcohol (EVOH) paints, paper-board coatings, and adhesives is primarily driving the market growth. Furthermore, the extensive uptake of acetic acids in the food and beverage (F&B) industry as a souring agent to pickle vegetables and add flavor in apple cider
vinegar is favoring the market growth. It further offers various benefits, such as it kills bacteria, reduces blood pressure, decreases inflammation, and supports weight loss. Apart from this, the rising utilization of acetic acid to manufacture polyester, sealants, and greases that further finds applications in diverse industries, such as electronics, textiles, and packaging, are contributing 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 with the detailed profiles of the key 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 N.V.
โข Mitsubishi Chemical Corporation
โข PetroChina
โข SABIC
โข Showa Denko K.K.
โข Sinopec
โข Svensk Etanolkemi AB (SEKAB)
โข Wacker Chemie AG
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป:
The report has segmented the global acetic acid market on the basis of application, end-use and region.
Breakup by Application:
โข VAM
โข PTA
โข Anhydride
โข Ethyl Acetate
โข Butyl Acetate
โข Others
Breakup by End-Use:
โข Plastics & Polymers
โข Food & Beverage
โข Inks, Paints & Coatings
โข Chemicals
โข Pharmaceuticals
โข Others
Breakup by Region:
โข China
โข
North America
โข Western/Eastern Europe
โข North East Asia
โข South East Asia
โข Middle East & 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
Key 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 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.
๐๐ฏ๐ผ๐๐ ๐จ๐
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.
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