#Vinyl Acetate Monomer Market Analysis

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Acetic Acid Market - Forecast(2024 - 2030)

Acetic Acid Market Overview

Acetic Acid Market Size is forecast to reach $14978.6 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Acetic acid, also known as ethanoic acid, is a colorless organic liquid with a pungent odor. The functional group of acetic acid is methyl and it is the second simplest carboxylic acid. It is utilized as a chemical reagent in the production of many chemical compounds. The major use of acetic acid is in the manufacturing of vinyl acetate monomer, acetic anhydride, easter and vinegar. It is a significant industrial chemical and chemical reagent used in the production of photographic film, fabrics and synthetic fibers. According to the Ministry of Industry and Information Technology, from January to September 2021, the combined operating revenue of 12,557 major Chinese garment companies was US$163.9 billion, showing a 9% increase. Thus, the growth of the textile industry is propelling the market growth for Acetic Acid.

Report Coverage

The “Acetic Acid Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Acetic Acid industry.

By Form: Liquid and Solid.

By Grade: Food grade, Industrial grade, pharmaceutical grade and Others.

By Application: Vinyl Acetate Monomer, Purified Terephthalic Acid, Ethyl Acetate, Acetic Anhydride, Cellulose Acetate, Acetic Esters, Dyes, Vinegar, Photochemical and Others 

By End-use Industry: Textile, Medical and Pharmaceutical, Oil and Gas, Food and Beverages, Agriculture, Household Cleaning Products, Plastics, Paints & Coating and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

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Key Takeaways

The notable use of Acetic Acid in the food and beverages segment is expected to provide a significant growth opportunity to increase the Acetic Acid Market size in the coming years. As per the US Food and Agriculture Organization, world meat production reached 337 million tonnes in 2019, up by 44% from 2000.

The notable demand for vinyl acetate monomer in a range of industries such as textile finishes, plastics, paints and adhesives is driving the growth of the Acetic Acid Market. 

Increase in demand for vinegar in the food industry is expected to provide substantial growth opportunities for the industry players in the near future in the Acetic Acid industry.

Acetic Acid Market Segment Analysis – by Application

The vinyl acetate monomer segment held a massive 44% share of the Acetic Acid Market share in 2021. Acetic acid is an important carboxylic acid and is utilized in the preparation of metal acetates and printing processes, industrially. For industrial purposes, acetic acid is manufactured by air oxidation of acetaldehyde with the oxidation of ethanol, butane and butene. Acetic acid is extensively used to produce vinyl acetate which is further used in formulating polyvinyl acetate. Polyvinyl acetate is employed in the manufacturing of plastics, paints, textile finishes and adhesives. Thus, several benefits associated with the use of vinyl acetate monomer is boosting the growth and is expected to account for a significant share of the Acetic Acid Market.

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Acetic Acid Market Segment Analysis – by End-use Industry

The food and beverages segment is expected to grow at the fastest CAGR of 7.5% during the forecast period in the Acetic Acid Market. Acetic Acid is also known as ethanoic acid and is most extensively used in the production of vinyl acetate monomer. Vinyl acetate is largely used in the production of cellulose acetate which is further used in several industrial usage such as textiles, photographic films, solvents for resins, paints and organic esters. PET bottles are manufactured using acetic acid and are further utilized as food containers and beverage bottles. In food processing plants, acetic acid is largely used as cleaning and disinfecting products. Acetic acid is extensively used in producing vinegar which is widely used as a food additive in condiments and the pickling of vegetables. According to National Restaurant Association, the foodservice industry is forecasted to reach US$898 billion by 2022. Thus, the advances in the food and beverages industry are boosting the growth of the Acetic Acid Market. 

Acetic Acid Market Segment Analysis – by Geography

Asia-Pacific held a massive 41% share of the Acetic Acid Market in 2021. This growth is mainly attributed to the presence of numerous end-use industries such as textile, food and beverages, agriculture, household cleaning products, plastics and paints & coatings. Growth in urbanization and an increase in disposable income in this region have further boosted the industrial growth in this region. Acetic acid is extensively used in the production of metal acetates, vinyl acetate and vinegar which are further utilized in several end-use industries. Also, Asia-Pacific is one of the major regions in the domain of plastic production which provides substantial growth opportunities for the companies in the region. According to Plastic Europe, China accounted for 32% of the world's plastic production. Thus, the significant growth in several end-use industries in this region is also boosting the growth of the Acetic Acid Market.

Acetic Acid Market Drivers 

Growth in the textile industry:

Acetic Acid, also known as ethanoic acid, is widely used in the production of metal acetate and vinyl acetate which are further used in the production of chemical reagents in textiles, photographic films, paints and volatile organic esters. In the textile industry, acetic acid is widely used in textile printing and dyes. According to China’s Ministry of Industry and Information Technology, in 2020, textile and garment exports from China increased by 9.6% to US$291.22 billion. Also, according to the U.S. Department of Commerce, from January to September 2021, apparel exports increased by 28.94% to US$4.385 billion, while textile mill products rose by 17.31% to US$12.365 billion. Vinyl acetate monomer is utilized in the textile industry to produce synthetic fibers. Thus, the global growth in demand for textiles is propelling the growth and is expected to account for a significant share of the Acetic Acid Market size.

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Surge in use of vinegar in the food industry:

The rapid surge in population along with the adoption of a healthy and sustainable diet has resulted in an increase in demand for food items, thereby increasing the global production level of food items. As per US Food and Agriculture Organization, in 2019, global fruit production went up to 883 million tonnes, showing an increase of 54% from 2000, while global vegetable production was 1128 million tonnes, showing an increase of 65%. Furthermore, world meat production reached 337 million tonnes in 2019, showing an increase of 44% from 2000. Acetic acid is majorly used in the preparation of vinegar which is further widely utilized as a food ingredient and in personal care products. Vinegar is used in pickling liquids, marinades and salad dressings. It also helps to reduce salmonella contamination in meat and poultry products. Furthermore, acetic acid and its sodium salts are used as a food preservative. Thus, the surge in the use of vinegar in the food industry is boosting the growth of the Acetic Acid Market.

Acetic Acid Market Challenge

Adverse impact of acetic acid on human health:

Acetic Acid is considered a strong irritant to the eye, skin and mucous membrane. Prolong exposure to and inhalation of acetic acid may cause irritation to the nose, eyes and throat and can also damage the lungs. The workers who are exposed to acetic acid for more than two or three years have witnessed upper respiratory tract irritation, conjunctival irritation and hyperkeratotic dermatitis. The Occupational Safety and Health Administration (OSHA) reveals that the standard exposure to airborne acetic acid is eight hours. Furthermore, a common product of acetic acid i.e., vinegar can cause gastrointestinal tract inflammatory conditions such as indigestion on excess consumption. Thus, the adverse impact of Acetic Acid may hamper the market growth. 

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Acetic Acid Industry Outlook

The top 10 companies in the Acetic Acid Market are:

Celanese Corporation

Eastman Chemical Company

LyondellBasell

British Petroleum

Helm AG

Pentoky Organy

Dow Chemicals

Indian Oil Corporation

Daicel Corporation

Jiangsu Sopo (Group) Co. Ltd.

Recent Developments

In March 2021, Celanese Corporation announced the investment to expand the production facility of vinyl portfolio for the company’s acetyl chain and derivatives in Europe and Asia.

In April 2020, Celanese Corporation delayed the construction of its new acetic acid plant and expansion of its methanol production by 18 months at the Clear Lake site in Texas.

In October 2019, BP and Chian’s Zhejiang Petroleum and Chemical Corporation signed MOU in order to create a joint venture to build a 1 million tonne per annum Acetic Acid plant in eastern China.

Key Market Players:

The Top 5 companies in the Acetic Acid Market are:

Celanese Corporation

Ineos Group Limited

Eastman Chemical Company

LyondellBasell Industries N.V.

Helm AG

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Acetic Acid Market Size and Share Analysis: Key Growth Trends and Projections

Acetic Acid Market Strategies: Taking Advantage of Trends to Drive Growth in 2032

The Acetic Acid Market Report provides essential insights for business strategists, offering a comprehensive overview of industry trends and growth projections. It includes detailed historical and future data on costs, revenues, supply, and demand, where applicable. The report features an in-depth analysis of the value chain and distributor networks.

According to Straits Research, the global Acetic Acid Market market size was valued at USD 21.10 Billion in 2022. It is projected to reach from USD XX Billion in 2024 to USD 31.37 Billion by 2031, growing at a CAGR of 4.5% during the forecast period (2024–2031).

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TOP Key Industry Players of the Acetic Acid Market

British Petroleum Plc

Celanese Corporation

Daicel Corporation

DuPont de Nemours, Inc.

Eastman Chemical Company

LyondellBasell Industries N.V

GNFC Limited

HELM AG

Mitsubishi Chemical Corporation

PetroChina

SABIC

Showa Denko K.K.

Sinopec

SvenskEtanolkemi AB (SEKAB)

Wacker Chemie AG

Global Acetic Acid Market: Segmentation

As a result of the Acetic Acid market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts. 

By Manufacturing Process

Synthetic

Natural

By Application

Vinyl Acetate Monomer

Cellulose Acetate

Acetate Esters

Acetic Anhydride

Chloroacetic Acid

Terephthalic Acid

By End User

Adhesives & Paints

Pharmaceutical

Food & Beverages

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Reasons for Buying This Report:

Provides an analysis of the evolving competitive landscape of the Automatic Rising Arm Barriers market.

Offers analytical insights and strategic planning guidance to support informed business decisions.

Highlights key market dynamics, including drivers, restraints, emerging trends, developments, and opportunities.

Includes market estimates by region and profiles of various industry stakeholders.

Aids in understanding critical market segments.

Delivers extensive data on trends that could impact market growth.

Research Methodology:

Utilizes a robust methodology involving data triangulation with top-down and bottom-up approaches.

Validates market estimates through primary research with key stakeholders.

Estimates market size and forecasts for different segments at global, regional, and country levels using reliable published sources and stakeholder interviews.

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Acrylic Fiber Market Overview

Acrylic fibers are a type of synthetic fiber that is made of polyacrylonitrile and a comonomer. For a synthetic fiber to be called “acrylic”, it must contain at least 85% of acrylonitrile monomer. Typical comonomers that are used in acrylic fibers are vinyl acetate and vinyl bromide, among others. The increasing demand for the textiles and apparels, along with a rising trend in e-commerce for furniture and upholstery, proves to be great drivers for the acrylic fiber market. Meanwhile, the availability of substitutes can hinder the growth of the market during the forecast period of 2024–2030. In this report, we will take an in-depth look at the acrylic fiber industry outlook and analyse the market share of the acrylic fiber top 10 companies.

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Acrylic fabric is generally not sustainable. The manufacturing process is energy-intensive and chemically hazardous. Acrylic fiber is 30% more energy intensive than polyester. Acrylic fabric is also not biodegradable, and its environmental impact is largely negative. The production processes used to make acrylic fabric harm workers and the ecosystems surrounding manufacturing facilities. Acrylic clothing is one of the major sources of microplastics in the ocean, even higher than other synthetic fibers such as polyester. However, acrylic is recyclable, and increased emphasis is being put to use more and more recycled acrylic fiber to meet today’s standard set by the eco-friendly mindset.

Technological advancements are revolutionizing the acrylic fiber industry, particularly in terms of product innovation and performance enhancements. Companies such as Japan Exlan Co. Ltd. Are using nanotechnology also being increasingly utilized to engineer acrylic fibers with specific functionalities, such as antimicrobial properties or moisture management capabilities, expanding the application possibilities across various industries including apparel, automotive, and home furnishings. Japan Exlan Co., Ltd. successfully developed a photocatalytic deodorant acrylic fiber “SELFCLEAR”, having unique nano-voids and nano-sized photocatalysts in the fiber structure. Malodorous substances are efficiently adsorbed through the nano-voids, and then immediately decomposed by photocatalysis. “SELFCLEAR” shows an excellent odor-eliminating effect on various malodorous substances such as ammonia, aldehydes, acetic acid, hydrogen sulfide and BTX gases.

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COVID-19 Impact

During the COVID-19 pandemic, many industries had suffered a tumultuous time, and it was no different for the acrylic fiber market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed lockdown protocols. According to Textile Exchange, the global fiber production volume had decreased from 111 million metric tonnes in FY 2019 to 109 million metric tonnes in FY 2020. 

However, the 2022 Materials Market Report from Textile Exchange shows that global fiber production increased to a record 116 million tonnes in 2022. The situation is now improving as the world population is undergoing vaccination and governments across the globe are lifting lockdown protocols. As such, the acrylic fiber industry is projected to grow in the forecast period of 2024–2030.

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Report Coverage

The report: “Acrylic Fiber Market Report — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the acrylic fiber industry.

By Form: Continuous/Filament Fiber, and Non-continuous/Staple Fiber.

By Blend: Acrylic-Wool, Acrylic-Viscose, Acrylic-Nylon, Acrylic-Cotton, and Others.

By End-Use Industry: Textiles & Apparel, Furniture & Upholstery, Industrial, Building & Construction, Automotive, and Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Takeaways

•The Asia-Pacific region dominates the acrylic fiber market primarily due to the growing textile & apparel industry in the region, especially in China, Japan, India, and Bangladesh.

•Acrylic fibers are primarily used as linings in the production of textiles and fabrics. This is because they provide superior resistant properties and have excellent wicking ability that offer moisture absorption properties.

•The increase in demand of the global textile and apparel industry, as well as the furniture and upholstery sector, prove to be great drivers for the growth of the acrylic fiber market within the forecast period of 2024–2030.

•The availability of substitutes like polyester, polyamide and polypropylene amongst synthetic fibers can prove to be a restraint for the growth of the acrylic fiber market within the forecast period.

Acrylic Fiber Market Analysis — By Blend

The Acrylics-wool blends segment held the largest share in the acrylic fiber market in 2023 with a share of 23%. Acrylic fibers are blended with other different types of fibers such as wool, nylon, and cotton, to enhance its properties and produce more resilient fiber. Acrylic-wool blends provide excellent durability, washability, resistance to shrinkage and so on. It is widely used in making sportswear and are used to make circular knitted goods in the textile industry. According to Textile Exchange, wool is the most preferred animal fiber with a total production of 1.2 million tons in 2023. New developments in the production of wool are also propelling the segment. For instance, Responsible Wool Standard (RWS) certified wool has recached a share of 24.3% in the global wool market in 2023.

Acrylic Fiber Market Analysis — By End-Use Industry

The textile & apparel industry held the largest share in the acrylic fiber market in 2023 and is expected to grow at a CAGR of 4.5% during 2024–2030. Acrylic fibers are primarily used as linings for textiles and furnishing fabrics in the textile and apparel industry. It is manufactured as a filament, then cut into short staple lengths, and is spun into yarn. Acrylic fibers are resistant to moths, oils, and chemicals and also provides a soft and warm feel while also being lightweight. It also has excellent wicking ability, which lets the acrylic fiber fabric absorb moisture from sweating and transfer it to the outer surface where it is evaporated. The readymade apparel market is estimated to be growing at a CAGR of 8.3% and reach a value of US$ 1.612 trillion by 2030. Thus, it would also propel the acrylic fiber market growth within the forecast period of 2024–2030.

Acrylic Fiber Market Analysis — By Geography

Asia-Pacific region dominated the acrylic fiber market with a share of 59.4% in the year 2023. Due to the rising growth of the textile industry, especially in countries such as China, India, Malaysia, Australia, and Korea, the demand for acrylic fiber has seen a rise in the region. According to Textile Technology, the production of fiber in India is estimated to have been 1.5 million tonnes in FY 2023. The Indian textiles and apparel industry also contributed to 2% of the GDP and 7% of the total industry output. It also holds 5% of the world’s textile and clothing trade and contributes 12% to export earnings in the year 2023. China is the world’s leading producer of acrylic fibers accounting for over 30% of the global production. Additionally, according to the Malaysian Investment Development Authority, there has been an increase in investment in the textile and apparel industry in Malaysia, which was estimated to be about USD $ 3.3 billion in 2023.

Acrylic Fiber Market Drivers

The growing demand for fashion and the global apparel market:

The demand for clothing and apparels has seen a tremendous rise in the last few years with a change in the financial landscape and the introduction of fast fashion being some of the primary catalysts for the market. Clothing item consumption in developing countries are especially picking up the pace due to a rapid increase in their GDP. China, and India are projected to be the fastest growing countries in the industry as they are investing heavily in the market. Schemes, such as the USD $ 1.44 billion Production Linked Incentive (PLI) schemes by the Indian government, greatly helps the textile manufacturers in the country. According to TEXtalks China’s garment export also reached USD $ 223.14 billion in 2023. Additionally, according to Business Finland, the global apparel market is estimated to be growing at a CAGR of 3.6% and reach a value of US$ 3.22 trillion by 2030. Acrylic fibers are one of the key providers for the textile and apparel market and the growing demand for the textile and apparel market proves to be a great driver for the global apparel industry.

The increase in e-commerce for the furniture & upholstery market:

Acrylic fibers are widely used in the furniture and upholstery market as one of the staple fabrics used in furnishing. One of the key driving factors for the acrylic fiber market is the increase in demand for the furniture & upholstery market. The e-commerce space for furniture & upholstery has seen a steady rise due to the ease of viewing products and availability. This was further bolstered by the Covid-19 pandemic as stay-at-home culture and social distancing became common norms. This led to an increase in sales of furniture and upholstery online. According to India Brand Equity Foundation (IBEF), the online retail market in India is estimated to reach 37% of the total retail market by 2030, the furniture eCommerce market revenue will reach $252 billion in 2023. Along with that, an increased interest in eco-friendly furniture and flexible workspaces have garnered more investment in the industry. Hence, this is a key driving factor for the acrylic fiber market within the forecast period of 2024–2030.

Acrylic Fiber Market Challenges

Availability of substitutes for acrylic fibers:

Acrylic fiber is one of many different types of synthetic fiber used in the market. As such, there is a wide variety of substitutes for the material. For instance, some of the commonly used synthetic fibers are polyester, polyamide, and polypropylene. Polyester fibers are the most widely used synthetic fiber in the world, primarily due to its durability, lightweight form factor, and strong fastness to dyes. According to Textile Exchange, polyester fibers hold the largest share in the synthetic fiber space, with a market share of 60% in 2023. As such, the biggest challenge for the acrylic fiber market is the availability of substitutes for acrylic fiber during the forecast period of 2024 to 2030.

Acrylic Fiber Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the acrylic fiber market. The key companies in the acrylic fiber market are:

1. Aditya Birla Group (Thai Acrylic Fibre Co. Ltd.)

2. Aksa Akrilik Kimya Sanayii A.S.

3. Kairos Industries (Dralon GmbH)

4. Jilin Qifeng Chemical Fiber Company Ltd.

5. Indian Acrylics Ltd.

6. Taekwang Group (Taekwang Industry Co, Ltd.)

7. Kaneka Corporation

8. Japan Exlan Co. Ltd.

9. M&G Group (Chemtex Group)

10. SINOPEC

Recent Developments

• On 18 October, 2023, Thai Acrylic Fibre Co. Ltd.’s showcased Regel™, which is a recycled acrylic fibre, and other sustainable innovations in the Textile Exchange Conference 2023, London.

• In March 2023, Indian Acrylics Ltd. Announced that it has commissioned a new plant for acrylic fiber manufacturing. They claim that that the plant has a capacity of 50,000 tonnes per year.

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Acetic Acid Market Forecast: Insights into Future Growth

Overview 

Acetic Acid Market size is expected to be worth around USD 35.2 billion by 2032 from USD 21.8 billion in 2022, growing at a CAGR of 4.90% during the forecast period from 2022 to 2032.

The high-purity acetic acid market is set to grow significantly due to its crucial role as a foundational element in the production of various chemicals and utilities across multiple industries. This includes plastics, rubber, inks, and textiles, where acetic acid serves as an essential building block. 

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The anticipated growth in end-use industries such as plastics, textiles, and chemicals is expected to drive demand for acetic acid in the forecast year. Additionally, the shift from PET bottles to glass bottles for alcoholic beverages is projected to boost the demand for terephthalic acid, positively impacting the acetic acid market. 

The presence of multinational companies and their continuous expansion efforts and joint ventures further support market growth. The product's designation as "food grade" when used according to good manufacturing practices and compliance with the Food Chemical Code emphasizes its safety for food applications, enhancing its appeal in the food industry.

The global acetic acid market is highly competitive, with numerous multinational companies engaged in extensive research and development activities. These companies often pursue expansion, collaboration, and joint venture initiatives to gain a competitive edge. As a result, the competitive landscape is expected to remain intense throughout the forecast period. The increasing demand for food and food safety also contributes to the anticipated growth of acetic acid products.

Key Market Segments

Based on Application

Vinyl Acetate Monomer (VAM)

Purified Terephthalic Acid (PTA)

Ester Solvents

Acetic Anhydride

Others

Based on End-User

Food and beverages

Paints and coating

Plastics & Polymers

Pharmaceutical

Chemicals

Others

Application Analysis: 

In 2022, the vinyl acetate monomer application segment held a 44.5% market share due to rising demand for printed goods, paints, coatings, and paper coatings. Acetic anhydride, used in photographic films, cigarette filters, and pharmaceuticals, held the second largest market share at 19%.

End-User Analysis: 

The food and beverage segment leads the market, driven by acetic acid's use in manufacturing plastic bottles, serving as a cleaning agent, and being a key ingredient in vinegar for cooking and pickling.

Market Key Players

Eastman Chemical Company

Celanese Corporation

LyondellBasell Industries Holding B.V.

SABIC

HELM AG

Airedale Chemical Company Limited

Indian Oil Corporation Ltd

Gujarat Narmada Valley Fertilizers & Chemicals Limited

Pentokey Organic

Ashok Alco Chem Limited

DAICEL CORPORATION

The Dow Chemical Product

DubiChem

INEOS

Other Key Players

Driving Factors: 

The increasing demand for vinyl acetate monomer (VAM) is boosting the acetic acid market. VAM is essential in producing resins and polymers for coatings, adhesives, films, paints, and textiles. Its application as a barrier resin in PET bottles and its ability to adhere to various substrates support market growth.

Restraining Factors: 

The harmful effects of acetic acid, including its corrosiveness to skin and eyes and potential internal damage if ingested or inhaled, pose significant safety concerns. Growing consumer awareness of these risks may reduce chemical adoption, limiting market expansion.

Opportunities: 

Technological advancements in developing polymers and products using VAM as a raw material are driving demand. Innovations in the production of ethylene vinyl alcohol (EVOH) for food packaging and other applications present significant growth opportunities.

Challenges: 

The mature nature of the VAM market, with its fluctuating consumption patterns, poses a challenge to sustained growth. Any decline in VAM usage can hinder the acetic acid market, acting as a barrier to continuous expansion.

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Vinyl Acetate Monomer Prices, Price Trend, News, Analysis & Forecast

Vinyl Acetate Monomer (VAM) Prices: During the first quarter of 2024

Vinyl acetate monomer (VAM) prices are a critical indicator within the chemical industry, impacting various sectors including adhesives, coatings, and polymers. Understanding the dynamics of VAM pricing involves delving into the intricate balance between supply and demand, as well as the broader economic landscape. VAM, a key raw material in the production of polyvinyl acetate (PVA) and other copolymers, experiences fluctuations influenced by multiple factors.

One significant determinant of VAM prices is the supply chain dynamics. VAM production is primarily carried out through the ethylene-based process or the acetylene-based process. Ethylene, a crucial feedstock, experiences its own price variations influenced by factors like crude oil prices, geopolitical tensions, and supply disruptions. Consequently, any fluctuations in ethylene availability can directly impact VAM prices. Additionally, factors affecting the production capacity and efficiency of VAM plants, such as maintenance shutdowns or technological advancements, contribute to supply-side fluctuations.

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Demand dynamics play an equally crucial role in shaping VAM prices. The demand for VAM is closely tied to downstream industries such as construction, automotive, and textiles. Economic indicators like GDP growth, consumer spending, and construction activity heavily influence the demand for VAM-based products. For instance, during periods of economic expansion, the demand for adhesives and coatings used in construction and manufacturing tends to rise, subsequently driving up the demand for VAM. Conversely, economic downturns can lead to reduced demand for VAM-based products, exerting downward pressure on prices.

Global market trends and trade dynamics also impact VAM prices. The chemical industry is inherently globalized, with producers and consumers spread across different regions. Changes in trade policies, tariffs, and currency exchange rates can affect the flow of VAM between countries, thereby influencing its pricing dynamics. Moreover, shifts in demand patterns or the emergence of new markets can lead to changes in trade flows, impacting regional supply-demand balances and ultimately, prices.

Environmental regulations and sustainability initiatives represent another significant factor affecting VAM prices. With increasing emphasis on environmental stewardship and sustainability, regulatory changes aimed at reducing emissions and promoting eco-friendly materials can impact the production processes and costs associated with VAM. Compliance with stringent environmental standards may require investments in cleaner technologies or alternative feedstocks, potentially leading to higher production costs and, consequently, higher prices for VAM.

Market sentiment and speculative activities also contribute to price volatility in the VAM market. Traders, investors, and speculators closely monitor market trends, news, and geopolitical developments to anticipate future price movements. Sentiment-driven factors, such as market rumors, supply concerns, or geopolitical tensions, can trigger speculative buying or selling, amplifying price fluctuations in the short term.

In conclusion, Vinyl acetate monomer (VAM) prices are influenced by a complex interplay of factors including supply chain dynamics, demand trends, global market conditions, regulatory environment, and market sentiment. Understanding these dynamics is essential for stakeholders in the chemical industry to make informed decisions regarding production, procurement, pricing, and risk management strategies. As the chemical industry continues to evolve in response to economic, environmental, and technological changes, monitoring and analyzing VAM prices will remain crucial for businesses to navigate the challenges and opportunities in the global marketplace.

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Vinyl Acetate Monomer Market Report: Trends, Analysis, and Projections

Vinyl Acetate Monomer (VAM) is a key chemical intermediate used in the production of various polymers and resins, offering versatility in applications across industries. This blog explores the dynamics of the global VAM market, analyzing key drivers, applications, emerging trends, and future growth prospects.

Understanding the VAM Market:

Vinyl Acetate Monomer (VAM) Is an organic compound produced by the reaction of acetylene and acetic acid. It serves as a crucial building block in the synthesis of polyvinyl acetate (PVAc), ethylene-vinyl acetate (EVA) copolymers, and other vinyl acetate-based polymers and resins.

Market Dynamics:

Polymer Production: VAM is primarily used in the production of PVAc, a versatile polymer used in adhesives, paints, coatings, textiles, and packaging materials due to its adhesive properties, flexibility, and film-forming capabilities.

Adhesives and Sealants: PVAc-based adhesives and sealants find applications in woodworking, paper packaging, construction, and consumer goods industries, offering strong bonding, versatility, and ease of use.

Coatings and Emulsions: VAM-based polymers are used in paints, coatings, and emulsions for architectural, automotive, and industrial coatings, providing adhesion, durability, and weather resistance properties.

Textile and Nonwoven Applications: VAM polymers are utilized in textile finishes, nonwoven binders, and fiber treatments, enhancing fabric properties such as softness, water repellency, and strength.

Applications Across Industries:

Adhesives: Woodworking, paper packaging, construction.

Coatings: Paints, architectural coatings, industrial coatings.

Textiles: Finishes, nonwoven binders, fiber treatments.

Packaging: PVAc films, adhesives for flexible packaging.

Market Trends:

Green and Sustainable Solutions: Increasing demand for eco-friendly adhesives, coatings, and polymers drives the development of bio-based VAM and sustainable formulations using recycled materials, aligning with environmental regulations and market preferences.

High-Performance Applications: Innovations in VAM-based copolymers such as EVA copolymers and VAM-acrylic copolymers cater to specialized applications in automotive, electronics, and medical sectors requiring enhanced properties such as heat resistance, flexibility, and chemical resistance.

Technological Advancements: Advances in VAM production processes, catalyst technologies, and polymerization techniques improve efficiency, product quality, and cost-effectiveness, driving market competitiveness.

Future Prospects:

The global VAM market is poised for significant growth, driven by the expanding demand for polymers, adhesives, coatings, and specialty materials across industries. Investments in R&D, sustainability initiatives, and market diversification strategies will shape the market's evolution and unlock new opportunities for stakeholders.

Conclusion:

Vinyl Acetate Monomer (VAM) plays a vital role in the production of polymers, adhesives, coatings, and specialty materials essential for diverse industries. Understanding market trends, technological advancements, and sustainability imperatives is crucial for stakeholders in the VAM market to leverage growth opportunities and address evolving industry needs effectively. With a focus on innovation, sustainability, and customized solutions, the VAM market presents promising prospects for continued growth and development in the global chemical and materials industry landscape.

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Analyzing the Impact of Industrial Uses on Acetylene Price Chart

Acetylene or Ethyne (C2H2) is a colourless gas that has a faint garlicky odour. It is one of the simplest and widely known members of the hydrocarbon series containing one or more pairs of carbon atoms linked to triple bonds called the acetylenic series, or alkynes. It is a terminal acetylenic compound which is produced using calcium carbide and has traces of phosphine. The gas is easily combustible and burns with a sooty flame. Acetylene Price chart, including India Acetylene price, USA Acetylene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

It is lighter than air in weight and has the respective boiling and melting point of -84.7°C and −80.8 °C. The top Acetylene importers are China, and its top exporters are India and Italy.

Key Details About the Acetylene Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Acetylene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

Request for Real-Time Acetylene Prices: https://www.procurementresource.com/resource-center/acetylene-price-trends/pricerequest

Industrial Uses Impacting Acetylene Price Trend:

Acetylene, a versatile hydrocarbon gas, finds extensive application across various industries, including metal fabrication, chemical synthesis, and welding. Understanding the relationship between industrial uses and acetylene price trends is crucial for stakeholders to anticipate market dynamics and make informed decisions. In this analysis, we delve into the industrial uses impacting acetylene price trends, elucidating key factors driving price fluctuations and future outlooks for the acetylene market.

Industrial Uses of Acetylene

Metal Fabrication

Acetylene serves as a primary fuel gas in oxy-acetylene welding and cutting processes employed in metal fabrication and construction industries. It provides high flame temperature and localized heating, making it ideal for cutting, brazing, and welding ferrous and non-ferrous metals. The demand for acetylene in metal fabrication is influenced by construction activities, infrastructure development, and manufacturing trends, driving seasonal and cyclical fluctuations in acetylene prices.

Chemical Synthesis

Acetylene is a crucial feedstock in chemical synthesis processes, serving as a precursor for various organic compounds, including vinyl acetate monomer (VAM), acrylic acid, and polyvinyl chloride (PVC). Chemical industries utilize acetylene in the production of plastics, solvents, pharmaceuticals, and specialty chemicals. The demand for acetylene in chemical synthesis is influenced by factors such as technological advancements, market demand for downstream products, and regulatory standards, impacting price dynamics.

Specialty Gas Applications

Acetylene finds niche applications in specialty gas mixtures used in analytical laboratories, semiconductor manufacturing, and medical applications. Its unique properties, such as high reactivity and flame stability, make it suitable for gas chromatography, semiconductor etching, and medical gas formulations. The demand for high-purity acetylene in specialty gas applications is driven by advancements in analytical techniques, semiconductor fabrication processes, and healthcare technologies, affecting price trends in niche markets.

Factors Influencing Price Trends

Feedstock Costs

The price of acetylene is closely tied to the cost of its primary feedstock, calcium carbide, which is produced by reacting coke and limestone in an electric arc furnace. Fluctuations in coke and limestone prices, influenced by factors such as energy costs, mining activities, and environmental regulations, impact the overall cost structure of calcium carbide production and, consequently, acetylene prices. Additionally, changes in electricity prices and availability affect the economics of calcium carbide production and acetylene pricing.

Supply-Demand Dynamics

Supply-demand dynamics play a significant role in determining acetylene prices, with supply shortages or surpluses exerting upward or downward pressure on prices, respectively. Production capacity expansions, plant shutdowns, and unplanned outages in acetylene manufacturing facilities can disrupt supply chains and lead to price volatility. Changes in demand from industrial sectors, seasonal variations, and market uncertainties influence market dynamics and affect pricing trends.

Regulatory Environment

Regulatory standards and environmental regulations governing acetylene production, storage, and transportation impact production costs and market dynamics. Compliance with safety regulations, emission standards, and workplace safety guidelines necessitates investments in infrastructure, technology upgrades, and regulatory compliance measures, affecting operating costs for acetylene producers. Additionally, changes in regulatory frameworks, such as carbon pricing mechanisms and emission trading schemes, may influence the long-term sustainability and competitiveness of acetylene production.

Future Outlook

Emerging Applications

The future outlook for acetylene is shaped by emerging applications in sectors such as additive manufacturing, renewable energy, and carbon capture and utilization (CCU). Innovations in 3D printing technologies, hydrogen production, and carbon sequestration present new opportunities for acetylene utilization and market expansion. Moreover, advancements in gas storage and distribution systems, coupled with the transition towards cleaner energy sources, may drive demand for acetylene in niche applications and sustainable technologies.

Technological Advancements

Technological advancements, such as alternative production methods, gas purification technologies, and process optimization techniques, are expected to enhance the efficiency and sustainability of acetylene production. Research efforts towards electrochemical acetylene synthesis, biomass-derived feedstocks, and carbon-neutral production pathways offer potential solutions to mitigate feedstock dependency and reduce environmental footprint. Integration of digitalization, automation, and artificial intelligence (AI) in acetylene production processes may improve productivity, safety, and cost competitiveness in the future.

Key Players:

BASF SE

Gulf Cryo

Linde

Praxair Technology Inc.

SINOPEC

Chengdu Xinju Chemical Co. Ltd.

Conclusion

In conclusion, the industrial uses of acetylene play a pivotal role in shaping price trends and market dynamics in the acetylene industry. Understanding the interplay between industrial applications, feedstock costs, supply-demand dynamics, and regulatory environment is essential for stakeholders to anticipate market fluctuations and make informed decisions. Proactive risk management, strategic partnerships, and technological innovations are key strategies to navigate challenges and capitalize on emerging opportunities in the dynamic acetylene market.

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Acetic Acid Market Size and Share Analysis: Key Growth Trends and Projections

Global Acetic Acid Market Report

The Acetic Acid Market research report offers an in-depth analysis of market dynamics, competitive landscapes, and regional growth patterns. This comprehensive report provides businesses with the strategic insights necessary to identify growth opportunities, manage risks, and develop effective competitive strategies in an ever-evolving market.

According to Straits Research, the global Acetic Acid Market market size was valued at USD 21.10 Billion in 2022. It is projected to reach from USD XX Billion in 2024 to USD 31.37 Billion by 2031, growing at a CAGR of 4.5% during the forecast period (2024–2031).

Request a Sample Report Today @ https://straitsresearch.com/report/acetic-acid-market/request-sample

Global Acetic Acid Market Segmental Analysis

As a result of the Acetic Acid market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

By Manufacturing Process

Synthetic

Natural

By Application

Vinyl Acetate Monomer

Cellulose Acetate

Acetate Esters

Acetic Anhydride

Chloroacetic Acid

Terephthalic Acid

By End User

Adhesives & Paints

Pharmaceutical

Food & Beverages

You can check In-depth Segmentation from here:

Why Invest in this Report?

Leverage Data for Strategic Decision-Making: Utilize detailed market data to make informed business decisions and uncover new opportunities for growth and innovation.

Craft Expansion Strategies for Diverse Markets: Develop effective expansion strategies tailored to various market segments, ensuring comprehensive coverage and targeted growth.

Conduct Comprehensive Competitor Analysis: Perform in-depth analyses of competitors to understand their market positioning, strategies, and operational strengths and weaknesses.

Gain Insight into Competitors' Financial Metrics: Acquire detailed insights into competitors' financial performance, including sales, revenue, and profitability metrics.

Benchmark Against Key Competitors: Use benchmarking to compare your business's performance against leading competitors, identifying areas for improvement and potential competitive advantages.

Formulate Region-Specific Growth Strategies: Develop geographically tailored strategies to capitalize on local market conditions and consumer preferences, driving targeted business growth in key regions.

List of Top Leading Players of the Acetic Acid Market -

British Petroleum Plc

Celanese Corporation

Daicel Corporation

DuPont de Nemours, Inc.

Eastman Chemical Company

LyondellBasell Industries N.V

GNFC Limited

HELM AG

Mitsubishi Chemical Corporation

PetroChina

SABIC

Showa Denko K.K.

Sinopec

SvenskEtanolkemi AB (SEKAB)

Wacker Chemie AG

Reasons to Purchase This Report:

Access to Comprehensive Information: Gain access to an extensive collection of analysis, research, and data that would be challenging to acquire independently. This report offers valuable insights, saving you considerable time and effort.

Enhanced Decision-Making: Equip yourself with detailed insights into market trends, consumer behavior, and key industry factors. This report provides essential information for strategic planning, including decisions on investments, product development, and marketing strategies.

Achieving Competitive Advantage: Stay ahead in your industry by understanding market dynamics and competitor strategies. This report delivers deep insights into competitor performance and market trends, enabling you to craft effective business strategies and maintain a competitive edge.

Credibility and Reliability: Trust in the expertise of industry professionals and the accuracy of thoroughly researched data. Authored by experts and grounded in rigorous research and analysis, this report enhances credibility and reliability.

Cost-Effective Research: Reduce research expenses by investing in this comprehensive report instead of conducting independent research. It provides a cost-effective means of accessing detailed analysis and insights on a specific topic without requiring extensive resources.

Regional Analysis Acetic Acid Market

The regional analysis section of the report offers a thorough examination of the global Acetic Acid market, detailing the sales growth of various regional and country-level markets. It includes precise volume analysis by country and market size analysis by region for both past and future periods. The report provides an in-depth evaluation of the growth trends and other factors impacting the Acetic Acid market in key countries, such as the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia. Moreover, it explores the progress of significant regional markets, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

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Acetic Acid Market to See Major Growth by 2029

Advance Market Analytics added research publication document on Worldwide Acetic Acid Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Acetic Acid market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2022 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Mitsubishi Chemical Corporation (Japan), British Petroleum (United Kingdom), DuPont (United States), Daicel Corporation (Japan), GNFC Limited (India), HELM AG (Germany), LyondellBasell Industries N.V. (Netherlands), PetroChina (China), Wacker Chemie (Germany), Saudi International Petrochemicals (Saudi Arabia). Get free access to Sample Report in PDF Version along with Graphs and Figures @ https://www.advancemarketanalytics.com/sample-report/37486-global-acetic-acid-market

Acetic acid, also known as ethanoic acid, is an organic chemical compound which is recognized for giving vinegar its sour taste and pungent smell. Acetic acid is one of the simplest carboxylic acids and has the chemical formula CH3COOH. However, it is corrosive, and its vapor irritates the eyes, produces a burning sensation in the nose and can lead to a sore throat and lung congestion. Acetic acid is an essential chemical reagent and industrial chemical useful for the production of various synthetic fibers and other polymeric materials. These polymers are consist of polyethylene terephthalate which is mainly used in soft drink bottles; cellulose acetate, used mainly for photographic film; and polyvinyl acetate, used for wood glue. In households, diluted acetic acid is frequently used in descaling agents.

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Acetic Acid Market various segments and emerging territory. Influencing Market Trend

Increasing Use of Ester Solvents in Paints & Coating Sector

Market Drivers

Rise in Demand for Vinyl Acetate Monomer

Increasing Demand from Textile & Packaging Industry

Opportunities:

The Untapped Market of Developing Countries

Challenges:

Fluctuations in Methanol Prices

Have Any Questions Regarding Global Acetic Acid Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/37486-global-acetic-acid-market Analysis by Type (Trickling Generation, Submerged Liquid Fermentation), Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetate Esters, Acetic Anhydride), End User (Plastics & Polymers, Food & Beverage, Inks)

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution

• % Market Share, Segment Revenue, Swot Analysis for each profiled company [Mitsubishi Chemical Corporation (Japan), British Petroleum (United Kingdom), DuPont (United States), Daicel Corporation (Japan), GNFC Limited (India), HELM AG (Germany), LyondellBasell Industries N.V. (Netherlands), PetroChina (China), Wacker Chemie (Germany), Saudi International Petrochemicals (Saudi Arabia),]

• Business overview and Product/Service classification

• Product/Service Matrix [Players by Product/Service comparative analysis]

• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)

• Consumption, Capacity & Production by Players The regional analysis of Global Acetic Acid Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028. Table of Content Chapter One: Industry Overview Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis Chapter Three: Production Market Analysis Chapter Four: Sales Market Analysis Chapter Five: Consumption Market Analysis Chapter Six: Production, Sales and Consumption Market Comparison Analysis Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis Chapter Eight: Competition Analysis by Players Chapter Nine: Marketing Channel Analysis Chapter Ten: New Project Investment Feasibility Analysis Chapter Eleven: Manufacturing Cost Analysis Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/37486-global-acetic-acid-market Highlights of the Report • The future prospects of the global Acetic Acid market during the forecast period 2023-2028 are given in the report. • The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report. • The emerging technologies that are driving the growth of the market are highlighted in the report. • The market value of the segments that are leading the market and the sub-segments are mentioned in the report. • The report studies the leading manufacturers and other players entering the global Acetic Acid market. Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia. Contact US : Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 sales@advancemarketanalytics.com

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Acetic Acid Market 2019-2028 Size, Share, Global Development, Revenue, Future Analysis, Business Prospects

The global acetic acid market sizeis expected to reach USD 13.79billion by 2027, exhibiting a CAGR of 8.4% during the forecast period. The rising consumption of solvents such as VAM in the chemical industry for paints & coatings, adhesives & sealants will bolster the healthy growth of the market, states Fortune Business Insights, in a report, titled “Acetic Acid Market Size, Share & Industry Analysis, By Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ester Solvents, Acetic Anhydride, Others), and Geography Forecast, 2020-2027.” The market size stood at USD 8.34 billion in 2019.

Market Driver:

Advancements in Polymer Development to Bolster Growth

The growing technological advancements in polymers and products made out of VAM will significantly aid the expansion of the market. The growing demand for VAM in the production of ethylene vinyl alcohol (EVOH), a barrier resin in food packaging, gasoline tanks, and other engineering polymers will have an excellent effect on the market. Some other VAM derivatives such as vinyl chloride-vinyl acetate copolymers have applications in adhesives & sealants, which, in turn, will bolster the health of the market. Moreover, It also has applications in adhesive due to adhesion properties to different substrates that include wood, paper, metals, and plastic films.

Decreased Production to Hamper Market in COVID-19 Pandemic

The reduced production of chemicals has negatively impacted on the market growth. The shutdown of factories due to a shortage of laborers and diminished supply of raw materials can dwindle the sales, in turn, affecting the growth of the market. However, the demand for ethanoic acid alongside the high consumption of sanitizers will subsequently aid in the recovery of the business amid coronavirus. Besides, health and safety concerns in healthcare facilities will further improve the prospects of the market in the near future.

Regional Analysis:

Heavy Investments in Polymers to Promote Growth in Asia Pacific

The market in Asia Pacific is expected to hold the largest share in the global market owing to the rising polymer formulations in the region. The chemical is a key raw material used for the production of polymers in industries across Japan, China, and India. China is a major leader in polymers and chemicals. China's capacity further helps in the high production of ethanoic acid. According, to Chemical Market Associates, Inc. (CMAI) 400,000 tons per year demand is in China, from the global average demand. The improving construction industry in India is expected to further boost growth in the region. Europe is expected to hold a significant share during the forecast period owing to the rising demand from end-use sectors. The growing import activities will aid expansion in Europe. Moreover, the high production of methanol carbonylation, which has accounted for up to 65% of the world capacity, and other process oxidation of acetaldehyde by German producer Wacker will significantly create opportunities for the market in the region.

Information source:

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Acetic Acid Market Analysis 2023-2033

Research Nester published a report titled “Acetic Acid Market”: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global acetic acid market in terms of market segmentation by application, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global acetic acid market is anticipated to grow with a CAGR of ~6% during the forecast period, i.e., 2023-2033. The market is segmented by end-user into plastics & polymers, food & beverages, inks, paints, & coatings, chemicals, and pharmaceuticals. Amongst these, the paints and coatings segment is anticipated to garner the largest revenue by the end of 2033 on the back of rising demand for growing automotive, construction, and architecture fields. The sales and leases of new vehicles in the U.S increased to 57,865 in 2019 up from 57,545 in 2018, according to the U.S Bureau of Transportation Statistics.

The global acetic acid market is estimated to garner a revenue of USD 11 billion by the end of 2033, up from a revenue of USD 8 billion in the year 2022. The market growth is estimated to boost on the account of the rising utilization of acetic acid in paints, coatings, greasers, plastic, sealants, and polyesters. Also, the rapid rise in the use of plastic is expected to boost market growth during the forecast period. The production of plastic was over 360 million tons in 2019 up from only 2 million tons in 1950. It is believed that the rising population and their increasing needs are the reason for growing plastic wastage.

Geographically, the global acetic acid market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America region is anticipated to hold the largest market on the back of the rising construction industry and elevating disposable income of individuals. U.S residents’ disposable income in Aug 2022 was 0.1% which increased from -0.4% in Jun 2022.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Request Report Sample: https://www.researchnester.com/sample-request-4490

Escalating Demand for Vinegar to Drive the Market Growth

Vinegar is used as a preservative in pickles, meat, vegetables, and fish products as it has acetic acid and low pH nature. Also, vinegar enhances the taste and quality of food. The rising interest of consumers and increasing preference for fast foods is boosting the sales of food dressing that includes vinegar.

The vinegar and substitutes of vinegar made from acetic acid reached an imported trade value of USD 890, 601in 2021 raised from 822,566 in 2020.

However, harmful effects of acetic acid and the reduction in consumption of vinyl acetate monomer are expected to operate as key restraints to the growth of global acetic acid market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global acetic acid market which includes company profiling of BP p.l.c, LyondellBasell Industries Holdings B.V., Daicel Corporation, Shandong Hualu-Hengsheng Chemical Co., Ltd., Jiangsu SOPO (Group) Co., Ltd., Kingboard Holdings Limited, Eastman Chemical Company, Lonza, Wacker Chemie AG, and Celanese Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global acetic acid market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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EVA Price, Trend, Prices, Demand & Market Analysis | ChemAnalyst

The Ethylene Vinyl Acetate (EVA) market have witnessed dynamic fluctuations in recent times, influenced by a myriad of factors spanning from raw material costs to global demand trends. EVA, a copolymer of ethylene and vinyl acetate, is a versatile material extensively used in various industries such as packaging, footwear, and solar cell encapsulation, among others.

One key determinant of EVA prices is the cost of its raw materials, primarily ethylene and vinyl acetate monomers. Ethylene, derived from petrochemical sources, is sensitive to crude oil prices, geopolitical events, and supply chain disruptions. Fluctuations in these factors directly impact the overall production cost of EVA. Similarly, the pricing dynamics of vinyl acetate, often tied to ethylene, can also be influenced by factors such as market demand for acetic acid and the availability of feedstocks.

Global demand trends play a pivotal role in shaping the EVA market landscape. The packaging industry, a major consumer of EVA, has experienced increased demand due to the rise in e-commerce activities and the need for efficient and sustainable packaging solutions. Additionally, the footwear industry's growth has contributed to the escalating demand for EVA in shoe soles and midsoles. Solar energy applications, where EVA is used as an encapsulant in photovoltaic modules, have also emerged as a significant driver for market demand.

Market dynamics are further influenced by regulatory changes and environmental considerations. As sustainability becomes a focal point for industries, there is a growing preference for eco-friendly materials, including EVA. Manufacturers are under increasing pressure to adopt green practices, impacting production processes and costs. Additionally, regulatory changes related to product standards and safety can influence market dynamics and prices.

Get Real Time Prices of Ethylene Vinyl Acetate (EVA): https://www.chemanalyst.com/Pricing-data/ethylene-vinyl-acetate-74

The COVID-19 pandemic has introduced a layer of complexity to the EVA market. Disruptions in the global supply chain, production slowdowns, and fluctuations in demand have all contributed to uncertainties in pricing. While certain sectors experienced a surge in demand for EVA-based products, others faced challenges due to lockdowns and restrictions.

Competitive dynamics among key market players also influence EVA prices. Industry consolidation, technological advancements, and innovations in manufacturing processes can impact production efficiency and costs. As companies strive to differentiate themselves, factors such as product quality, brand reputation, and customer service can play a crucial role in shaping market prices.

Currency exchange rates represent another variable impacting the EVA market. As a globally traded commodity, fluctuations in currency values can influence import and export dynamics, subsequently affecting prices. Exchange rate volatility can introduce uncertainties for both producers and consumers in the EVA market.

The future trajectory of EVA prices is likely to be shaped by a combination of these factors. Industry participants are closely monitoring global economic trends, geopolitical developments, and advancements in production technologies to make informed decisions. Sustainability initiatives, market regulations, and shifts in consumer preferences will continue to be key determinants, steering the EVA market in new directions.

The Ethylene Vinyl Acetate (EVA) market is subject to a complex interplay of factors that collectively influence pricing dynamics. From raw material costs and global demand trends to regulatory changes and competitive forces, stakeholders in the EVA market navigate a dynamic landscape. As industries evolve and prioritize sustainability, the EVA market is poised for further transformation, presenting challenges and opportunities for manufacturers, suppliers, and consumers alike.

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