IMARC Group, a leading market research company, has recently releases report titled “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The study provides a detailed analysis of the industry, including the global acetic acid market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the acetic acid market?

What is acetic acid?

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.

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What are the growth prospects and trends in the acetic acid industry?

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.

Who are the key players operating in the industry?

The report covers the major market players including:

• British Petroleum Plc
• Celanese Corporation
• Daicel Corporation
• Eastman Chemical Company
• GNFC Limited
• HELM AG
• LyondellBasell Industries N.V.
• Mitsubishi Chemical Corporation
• PetroChina
• SABIC
• Showa Denko K.K.
• Sinopec
• Svensk Etanolkemi AB (SEKAB)
• Wacker Chemie AG

Key Market Segmentation:

The report has segmented the global acetic acid market on the basis of application, end-use and region.

Breakup by Application:

• VAM
• PTA
• Anhydride
• Ethyl Acetate
• Butyl Acetate
• Others

Breakup by End-Use:

• Plastics & Polymers
• Food & Beverage
• Inks, Paints & Coatings
• Chemicals
• Pharmaceuticals
• Others

Breakup by Region:

• China
• North America
• Western/Eastern Europe
• North East Asia
• South East Asia
• Middle East & Africa

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