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Acetic Acid Products: Analyzing Current Size, Share, and Growth Trends
The global acetic acid market size is expected to reach USD 23.02 billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030, as per the new report by Grand View Research, Inc. The growth of the market can be attributed to the rising demand for the product in industries such as construction, pharmaceuticals, and textiles. Acetic acid is widely used in the production of paints and coatings, which are in high demand due to the increasing desire to elevate the aesthetics of houses worldwide. The paints and coatings market are expected to grow significantly in the coming years, driven by factors such as increasing demand from various end-use industries, rising construction activities, and growing urbanization.
Acetic Acid Market Report Highlights
Based on application, the vinyl acetate monomer segment is expected to witness the fastest growth rate with a CAGR of 7.8% globally. This is attributed to its wide utilization in the paints & coating industry. Acetic acid is an essential raw material for the production of vinyl acetate monomers. Hence, the increasing demand for vinyl acetate monomer is directly influencing the product demand
Asia Pacific dominated the market with a revenue share of 33.9% in 2023 and is predicted to remain on top over the forecast period. This is attributed to the rising demand for the product in the pharmaceutical industry. Acetic acid is widely consumed in the development of medicinal drugs such as aspirins to cure headaches. Increasing number of patients in the region is driving demand for medicines, which is directly impacting the product demand in the industry
North America is the second largest region and captured 21.2% of the market in 2023. This is attributed to the increased demand for the product in the food & beverage industry in the region. Acetic acid is a less toxic and low-cost chemical that is widely used in the food industry. The market is anticipated to see significant growth owing to its increased demand in the food industry over the predicted years
In September 2023, INEOS announced the acquisition of Eastman Chemical Company's Eastman Texas city site which also includes an acetic acid plant of 600 kilotons
In January 2023, Kingboard Holdings Limited announced that its subsidiary, Hebei Kingboard Energy Development Co., Ltd., plans to submit the "Environmental Impact Report of Hebei Kingboard Energy Development Co., Ltd. Acetic Acid Expansion and Transformation Project" for approval
For More Details or Sample Copy please visit link @: Acetic Acid Market Report
The demand for vinyl acetate monomers is rising in industries such as paints and coatings, paper coatings, and printed products. The market has considered an essential raw material for the production of vinyl acetate monomer, directly increasing the demand for the product. Acetic acid is widely used in the food and beverage industry in North America, where the increasing consumption of food directly influences the demand for the product. The region's demand for acetic acid is driven by its various applications in the food and beverage sector.
In the global product industry, competition is fierce due to the presence of multinational corporations. Eastman Chemical Company, SABIC, HELM AG, and Indian Oil corporations are among the prominent players in this industry. These companies are committed to continuous research and development efforts in order to improve their operational efficiency. Additionally, they actively pursue joint ventures and expand their production capacities to gain a competitive advantage.
List of major companies in the Acetic Acid Market
Eastman Chemical Company
Celanese Corporation
LynodellBasell Industries Holding B.V.
SABIC
HELM AG
Indian Oil Corporation Ltd
Gujrat Narmada Valley Fertilizers & Chemicals Limited
DAICEL CORPORATION
Dow
INEOS
Gain deeper insights on the market and receive your free copy with TOC now @: Acetic Acid Market Analysis Report
We have segmented the global acetic acid market based on application and region.
#AceticAcidMarket#GlacialAceticAcid#TerephthalicAcid#EthanoicAcid#CarboxylicAcid#Polymers#Paints&Coatings#FoodAndBeverage#MedicinalDrugs#FoodAdditive
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Acetic Acid Market Trends by Key Players, End User, Demand, Analysis Growth and Forecast 2030 - ChemAnalyst
According to ChemAnalyst report, “Acetic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Acetic Acid market witnessed a demand around 11.9 million tons in 2020 and is anticipated to grow at a healthy CAGR of 4.83% until 2030, owing to its demand by several end use industries as an important chemical or industrial reagent such as a food acidity regulator, an antimicrobial food preservative and protic solvent, etc.
Read Full Report Here @ https://www.chemanalyst.com/industry-report/acetic-acid-market-609
Acetic acid, known also as glacial acetic acid (100% pure) or ethanoic acid. It is a colorless, liquid organic compound with a slightly pungent vinegar like odor and sour taste. Industrially, Acetic acid is produced via two processes such as methanol carbonylation (Synthetically), and ethylene oxidation (by Bacterial fermentation). Majority of the Acetic Acid produce worldwide is through carbonylation of Methanol while Acetic Acid synthesized by ethylene oxidation is around 10% only and prominently for vinegar production. For acetic acid production technologies, major technology licensors include Eastman, British Petroleum, Celanese, and LyondellBasell.
Read Free Sample Report Online @ https://www.chemanalyst.com/ChemAnalyst/RequestForm
Major application of Acetic Acid includes the manufacturing of vinyl acetate monomer (VAM) which consumes almost 34% of the total Acetic acid produced globally and is further used in the production of other Polymers. Acetic Acid also finds application in the production of purified terephthalic acid (PTA), ethylene acetate, acetic anhydride and others which consumes 23%, 20% 9% and 14% of the Acetic Acid respectively. Among these purified terephthalic acid is the fastest growing segment owing to consumption as a precursor to polyethylene terephthalate (PET) which is further employed to make plastic bottles and clothing.
In the first half of 2020, COVID-19 outbreak across the global caused impositions of nationwide lockdowns and slowdown or halt in the manufacturing activities of many industries. It resulted into the decline in the demand of Acetic Acid as some its end use industries such as plastics, polymer, adhesives, paints, and coatings were badly impacted during the first wave of pandemic due to hit in the automotive and construction sectors. Although, even in the pandemic there was a constant demand for Acetic Acid from Food & Beverage and Pharmaceuticals. Moreover, since the latter half of 2020, after the relaxation in lockdown coupled with the resumption in industrial operations, a speedy recovery in the demand for Acetic Acid was witnessed and is expected to propel in the forthcoming years.
Asia Pacific region accounted for the major share of global Acetic Acid market and is anticipated to grow significantly over the forecast period owing to the surging demand for Polymers, Plastics from the growing sectors such as construction, Automotive and household in the region. Additionally, China is the leading manufacturer and consumer of plastics and polymers as well as a booming automobile hub. Moreover, several end use industries are investing in this region (China, India, south Korea, Japan, Vietnam) to set up their manufacturing plants which consequently increasing the market growth of Acetic Acid in Asia pacific.
Key Players:
Jiangsu Sopo (Group) Co.Ltd,
Shanghai Wujing Chemical
Yankuang Cathay Coal Chemicals Co.Ltd.
Henan Shunda Chemical Technology Co
Assam Petrochemicals
Indian Oil Corporation
DuPont
Eastman Chemical Company
Celanese Corporation
Lyndell Basell
Sasol, and Others.
“Acetic Acid and its derivatives, finds applications in various industries such as Plastics and Polymers, Food and Beverages, Adhesives, Pharmaceuticals, Paints and Coatings and Others. Growing automobile, Construction and Household sectors consequently drive the market for Polymers, adhesives, sealants, paints and coatings that directly fuels the demand for Acetic Acid. All these applications are likely to offer new opportunities for the major players to expand their capacities as well as investing in the greenfield projects to meet the rising demand for Acetic acid which ultimately boost Acetic acid market in the forecast years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
Report Scope:
In this report, Acetic Acid Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.
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Global Acetic Acid Market Industry
According to a new report by Expert Market Research titled, 'Acetic Acid Market Size, Share, Price, Report & Forecast 2019-2024', the global acetic acid market reached a volume of 16.3 Million Tons in 2018 and is further expected to reach a volume of around 20.3 Million Tons by 2024.
Get a free Sample Report For Market Study – https://www.expertmarketresearch.com/request?type=report&id=25&flag=B
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The global acetic acid market size at $9 billion in 2018 and projects the acetic acid market demand to grow at a CAGR of around 4% during the forecast period of 2019 to 2025.
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Acetic Acid Market : Projection of Each Major Segment over the Forecast Period 2018
The strong outlook of the global adhesives industry combined with the increasing demand for polyethylene terephthalate (PET) will drive demand for acetic acid in the coming years, finds Transparency Market Research in its latest report. The market study, titled ‘Acetic Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,’ states that the market will log a 9.3% CAGR through the report’s forecast period. While the global acetic acid market was valued at US$5.93 bn in 2011, it will stand at US$10.31 bn by 2018.
Browse the full Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018report at https://www.transparencymarketresearch.com/acetic-acid-market.html
The report also estimates the global acetic acid market in volume terms. When studied thus, the report notes that the demand for acetic acid was 9,612.5 kilo tons in 2011 globally. In terms of volume, the global acetic acid market is expected to post a 4.8% CAGR over the report’s forecast period. Although projected to exhibit good growth in terms of both revenue and volume, the volatility in raw material prices will adversely impact the global acetic acid market. However, the impact of this restraint can potentially be alleviated by the emerging opportunity of TCX technology, which marks a breakthrough in the production of fuel ethanol.
Acetic acid witnesses a high demand from various chemical processes as it is an important chemical reagent. Besides industrial uses, acetic acid also finds applications in the form of a condiment, food additive, as well as a descaling agent. Acetic acid is produced either via methanol carbonylation or acetaldehyde oxidation. The former method is used for producing about 75% of acetic acid globally.
On the basis of applications, the report segments the global acetic acid market into vinyl acetate monomer (VAM), acetate esters, purified terephthalic acid (PTA), and acetic anhydride. Of these, VAM and PTA are the leading applications of acetic acid, collectively accounting for more than 55% of the total acetic acid consumption globally in 2011. End-use industries such as adhesives and sealants and packaging are seen to stimulate the demand for both of these applications over the report’s forecast period. The demand for VAM is projected to remain strong through 2018 thanks primarily to high demand from end-use industries. TMR analysts expect PTA to show the highest rate of growth till 2018 among all application types in the global acetic acid market.
Likewise, the study also segments the global acetic acid market on the basis of geography for an in-depth analysis. Segmented thus, the market is composed of North America, Europe, China, Rest of Asia Pacific, and Rest of the World. In 2011, China consumed an estimated 36.2% of all acetic acid produced globally, making it the single-largest market for acetic acid. China’s leading position in the acetic acid market can be credited to a high degree of industrialization in the country, backed duly by strong economic progress. The China acetic acid market is projected to log a CAGR of 5.4% between 2012 and 2018. The growth of the acetic acid market will not be as promising in North America and Europe because demand from end-use industries here nearing a point of saturation.
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From the competitive standpoint, the global acetic acid market is characterized by the dominance of the four top market players, who collectively hold over 60% of the market. Leading players in the acetic acid market are: Celanese Corporation, British Petroleum PLC, Eastman Chemical, JinagsuSopo, SABIC, and LyondellBasell.
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Acetic Acid Market, 2030: Analysis, Trends, and Forecasts
According to ChemAnalyst report, “Acetic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Acetic Acid market witnessed a demand around 11.9 million tons in 2020 and is anticipated to grow at a healthy CAGR of 4.83% until 2030, owing to its demand by several end use industries as an important chemical or industrial reagent such as a food acidity regulator, an antimicrobial food preservative and protic solvent, etc.
Read Full Report Here: https://www.chemanalyst.com/industry-report/acetic-acid-market-609
Acetic acid, known also as glacial acetic acid (100% pure) or ethanoic acid. It is a colorless, liquid organic compound with a slightly pungent vinegar like odor and sour taste. Industrially, Acetic acid is produced via two processes such as methanol carbonylation (Synthetically), and ethylene oxidation (by Bacterial fermentation). Majority of the Acetic Acid produce worldwide is through carbonylation of Methanol while Acetic Acid synthesized by ethylene oxidation is around 10% only and prominently for vinegar production. For acetic acid production technologies, major technology licensors include Eastman, British Petroleum, Celanese, and LyondellBasell.
Read Free Sample Report Online: https://www.chemanalyst.com/ChemAnalyst/RequestForm
Major application of Acetic Acid includes the manufacturing of vinyl acetate monomer (VAM) which consumes almost 34% of the total Acetic acid produced globally and is further used in the production of other Polymers. Acetic Acid also finds application in the production of purified terephthalic acid (PTA), ethylene acetate, acetic anhydride and others which consumes 23%, 20% 9% and 14% of the Acetic Acid respectively. Among these purified terephthalic acid is the fastest growing segment owing to consumption as a precursor to polyethylene terephthalate (PET) which is further employed to make plastic bottles and clothing.
In the first half of 2020, COVID-19 outbreak across the global caused impositions of nationwide lockdowns and slowdown or halt in the manufacturing activities of many industries. It resulted into the decline in the demand of Acetic Acid as some its end use industries such as plastics, polymer, adhesives, paints, and coatings were badly impacted during the first wave of pandemic due to hit in the automotive and construction sectors. Although, even in the pandemic there was a constant demand for Acetic Acid from Food & Beverage and Pharmaceuticals. Moreover, since the latter half of 2020, after the relaxation in lockdown coupled with the resumption in industrial operations, a speedy recovery in the demand for Acetic Acid was witnessed and is expected to propel in the forthcoming years.
Asia Pacific region accounted for the major share of global Acetic Acid market and is anticipated to grow significantly over the forecast period owing to the surging demand for Polymers, Plastics from the growing sectors such as construction, Automotive and household in the region. Additionally, China is the leading manufacturer and consumer of plastics and polymers as well as a booming automobile hub. Moreover, several end use industries are investing in this region (China, India, south Korea, Japan, Vietnam) to set up their manufacturing plants which consequently increasing the market growth of Acetic Acid in Asia pacific.
According to ChemAnalyst report, “Acetic Acid Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”, Major players for Acetic Acid globally include Jiangsu Sopo (Group) Co.Ltd,, Shanghai Wujing Chemical, Yankuang Cathay Coal Chemicals Co.Ltd., Henan Shunda Chemical Technology Co, Assam Petrochemicals, Indian Oil Corporation, DuPont, Eastman Chemical Company, Celanese Corporation, Lyndell Basell, Sasol, and Others.
“Acetic Acid and its derivatives, finds applications in various industries such as Plastics and Polymers, Food and Beverages, Adhesives, Pharmaceuticals, Paints and Coatings and Others. Growing automobile, Construction and Household sectors consequently drive the market for Polymers, adhesives, sealants, paints and coatings that directly fuels the demand for Acetic Acid. All these applications are likely to offer new opportunities for the major players to expand their capacities as well as investing in the greenfield projects to meet the rising demand for Acetic acid which ultimately boost Acetic acid market in the forecast years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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About Us
ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. The company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. Unlike most of its competitors such as ICIS, IHS & S&P Platts the company doesn’t believe in delivering prices in PDF reports. The company has developed proprietary algorithm based online subscription platform in which users can track years of historical prices of more than 250 chemical commodities. In addition, since it’s all online, the users cannot just compare prices across multiple countries but also with other commodities and play with the data by generating multiple graphs to find out amazing insights. The users get access to grade wise CIF, CFR & Ex Works prices at multiple ports in each country.
ChemAnalyst also provides market analysis for more than 1000+ chemical commodities such as Production, Demand, Supply, Plant Operating Rate, Imports, Exports, Suppliers, Customers and much more. The company has created online interactive dashboard in which customers can access all this data instantly with a click of a button. The users will not only be able to analyse historical data for past years but will also get to analyse short term and long-term forecasts for coming years. With the access to local field teams, the company can provide high quality reliable market analysis data for more than 20 countries.
ChemAnalyst is a one stop solution for all the data related needs. We at ChemAnalyst are committed to assist customers worldwide with their data and insights needs using our comprehensive online platform.
For more information, please visit us at www.chemanalyst.com
Contact Us:
Nilesh Vishwakarma
B-44 Sector-57 Noida,
National Capital Region
Tel: 0120-4523948
Mob: +91-8882336899
Email: [email protected]
#aceticacid#aceticacidmarket#aceticacidreport#aceticacidindustry#aceticacidmarketsize#aceticacidmarkettrends#aceticacidmarketgrowth#aceticaciddemand
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Acetic Acid Market : Projection of Each Major Segment over the Forecast Period 2018
The strong outlook of the global adhesives industry combined with the increasing demand for polyethylene terephthalate (PET) will drive demand for acetic acid in the coming years, finds Transparency Market Research in its latest report. The market study, titled ‘Acetic Acid Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,’ states that the market will log a 9.3% CAGR through the report’s forecast period. While the global acetic acid market was valued at US$5.93 bn in 2011, it will stand at US$10.31 bn by 2018.
Browse the full Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018report at https://www.transparencymarketresearch.com/acetic-acid-market.html
The report also estimates the global acetic acid market in volume terms. When studied thus, the report notes that the demand for acetic acid was 9,612.5 kilo tons in 2011 globally. In terms of volume, the global acetic acid market is expected to post a 4.8% CAGR over the report’s forecast period. Although projected to exhibit good growth in terms of both revenue and volume, the volatility in raw material prices will adversely impact the global acetic acid market. However, the impact of this restraint can potentially be alleviated by the emerging opportunity of TCX technology, which marks a breakthrough in the production of fuel ethanol.
Acetic acid witnesses a high demand from various chemical processes as it is an important chemical reagent. Besides industrial uses, acetic acid also finds applications in the form of a condiment, food additive, as well as a descaling agent. Acetic acid is produced either via methanol carbonylation or acetaldehyde oxidation. The former method is used for producing about 75% of acetic acid globally.
On the basis of applications, the report segments the global acetic acid market into vinyl acetate monomer (VAM), acetate esters, purified terephthalic acid (PTA), and acetic anhydride. Of these, VAM and PTA are the leading applications of acetic acid, collectively accounting for more than 55% of the total acetic acid consumption globally in 2011. End-use industries such as adhesives and sealants and packaging are seen to stimulate the demand for both of these applications over the report’s forecast period. The demand for VAM is projected to remain strong through 2018 thanks primarily to high demand from end-use industries. TMR analysts expect PTA to show the highest rate of growth till 2018 among all application types in the global acetic acid market.
Likewise, the study also segments the global acetic acid market on the basis of geography for an in-depth analysis. Segmented thus, the market is composed of North America, Europe, China, Rest of Asia Pacific, and Rest of the World. In 2011, China consumed an estimated 36.2% of all acetic acid produced globally, making it the single-largest market for acetic acid. China’s leading position in the acetic acid market can be credited to a high degree of industrialization in the country, backed duly by strong economic progress. The China acetic acid market is projected to log a CAGR of 5.4% between 2012 and 2018. The growth of the acetic acid market will not be as promising in North America and Europe because demand from end-use industries here nearing a point of saturation.
Get PDF Brochure for more Professional & Technical industry insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1638
From the competitive standpoint, the global acetic acid market is characterized by the dominance of the four top market players, who collectively hold over 60% of the market. Leading players in the acetic acid market are: Celanese Corporation, British Petroleum PLC, Eastman Chemical, JinagsuSopo, SABIC, and LyondellBasell.
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact us:
Transparency Market Research
Permanent magnets are used in a broad range of applications such as, electronic, medical devices, household equipment, electricity generation, and automobiles among many others. These are retentive types of magnetic materials. They own the ability of creating its own magnetic properties even in the lack of an external electric field. Permanent magnets are made from a magnetized material, either forming ferromagnetic or ferromagnetic type of magnetism. These magnets are industrially manufactured through a process of sintering and do not lose their magnetic property unless they are heated above their curie temperature.90 State Street,
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