The latest market study, Acetic Acid Market blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2021 –2030 .This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report. Unmatched information on past, present and upcoming market trends covered in the study offer lucidity on the future projection of the industry.
The global acetic acid market size was USD 12.43 Billion in 2022 and is expected to register a rapid revenue CAGR of 7.4% during the forecast period. Rising adoption of acetic acid in manufacturing various specialty chemicals is a key factor driving market revenue growth.
The acetic acid market is a pivotal sector within the chemical industry, serving as a fundamental building block for a wide range of industrial and consumer applications. Acetic acid, a colorless liquid with a sharp odor, is primarily produced through the methanol carbonylation process or fermentation of sugars, offering versatile properties and functionalities that drive its extensive use in various sectors. From manufacturing of vinyl acetate monomer (VAM) and purified terephthalic acid (PTA) for polymers, to production of vinegar, solvents, and food preservatives, acetic acid plays a crucial role in meeting the diverse needs of industries and consumers worldwide.
Drivers Fueling Growth in the Acetic Acid Market:
Several factors contribute to the growth of the acetic acid market. One key driver is the increasing demand for VAM and PTA in the production of polymers such as polyvinyl acetate (PVA), polyethylene terephthalate (PET), and polyester fibers, driven by the growth of construction, packaging, and textile industries. Additionally, the expanding applications of acetic acid in chemical intermediates, solvents, and coatings further propel market growth, fueled by the growing industrialization and urbanization in emerging economies. Moreover, advancements in acetic acid production technologies, including improvements in catalysts, process efficiency, and raw material sourcing, enhance the competitiveness and sustainability of acetic acid manufacturers, supporting market expansion and innovation.
Major Companies and Competitive Landscape
The Acetic Acid Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Gujarat Narmada Valley Fertilizers & Chemicals Limited, INEOS, Jiangsu SOPO (Group) Co., Ltd., Kingboard Holdings Limited, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, PetroChina, Shandong Hualu-Hengsheng Chemical Co., Ltd., Sipchem Company, P. Chemicals, Wacker Chemie AG, Samsung Fine Chemicals, Shanxi Sanwei Group Co., Ltd., Qingdao Hisea Chem Co., Ltd., Shanghai Huayi (Group) Company, Hangzhou Verychem Science and Technology Co., Ltd.
Key inclusions of the Acetic Acid Market report:COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Acetic Acid Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Acetic Acid Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Acetic Acid Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Acetic Acid Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
For the purpose of this report, Emergen Research has segmented the global acetic acid market on the basis of products, route, cargo type, and region:
· Derivative Outlook (Revenue, USD Billion; 2019-2032)
Vinyl Acetate Monomer (VAM)
Purified Terephthalic Acid
Ethyl Acetate
Acetic Anhydride
Others
· Product Outlook (Revenue, USD Billion; 2019-2032)
Synthetic
Bio-Based
· Application Outlook (Revenue, USD Billion; 2019-2032)
Plastics and Polymers
Paints and Coatings
F&B
Pharmaceuticals
Textile
Others
Regional Analysis of the Acetic Acid Market :
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
Analysis and estimation of the Acetic Acid Market size and share for the projected period of 2022-2030
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Strategic recommendations to help readers formulate lucrative business strategies
Identification of the emerging players and their tactical approaches to expand market presence
An extensive study of the product portfolios of the major market players and their regional presence
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Acetic Acid Market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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