Insights on the Acetic Acid Market to 2019 - Advancements in Supply Chain Management, Industry Presents Opportunities, Business Strategy By 2029 | British Petroleum Plc, Celanese Corporation, Daicel Corporation

Acetic Acid Market Snapshot:

The acetic acid market is projected to grow at a significant rate during the forecast period on account of the rapid expansion of textile, pharmaceutical, and food and beverage industries. Rising disposable income, increasing the standard of living in developing countries, and changing consumer preferences provide an impetus to market growth.

Acetic acid is extensively used for dyeing, printing, and designing fabric in the textile industry. Debouching fashion trends has compelled the manufacturers to adopt advanced technologies in order to address customer demand. Apart from this, rising demand for polymers, such as terephthalic acid, and PET bottles for its durability, lightweight, and recyclability drive the market growth.

The global Acetic Acid Market is expected to grow at a steady growth during the forecast period 2019-2029, Acetic Acid Market report offers insights into the latest trends. It summarizes key aspects of the market, with a focus on leading key player’s areas that have witnessed the highest demand, leading regions, and applications. It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2019-2029. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2029. Every organization partaking within the global production of the Acetic Acid market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.

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The Major Prominent Players Covered in this Report:
British Petroleum Plc, Celanese Corporation, Daicel Corporation, DuPont de Nemours, Inc., Eastman Chemical Company, GNFC Limited, HELM AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, PetroChina, SABIC, Showa Denko K.K., Sinopec, SvenskEtanolkemi AB (SEKAB), Wacker Chemie AG & More.

The Acetic Acid Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments. The report focuses on regional development status, which includes the market size, share, and volume. Each section of the report reveals critical information about the global Acetic Acid market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Acetic Acid market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.

By Manufacturing Process
Synthetic
Natural

By Application
Vinyl acetate monomer (VAM)
Cellulose acetate
Acetate esters
Acetic anhydride
Chloroacetic acid
Terephthalic acid

By End-User
Adhesives and paints
Pharmaceutical
Food and beverages

Impact of COVID-19 -
The COVID-19 outbreak has caused volatility in raw material prices due to disruption in the supply chain. The chemical industries in China, India, and Japan are largely hit by the coronavirus and have adversely impacted global production activities. However, the rising demand for packaging material to prevent contamination of food, medicine, personal care, and other essential products provide an impetus to the market growth.

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Acetic Acid in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Acetic Acid market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Acetic Acid and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Acetic Acid. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Acetic Acid market growth rate?
What are the key factors driving the global Acetic Acid market?
Who are the key manufacturers in the Acetic Acid market space?
What are the market opportunities, market risk, and market overview of the Acetic Acid market?
What are sales, revenue, and price analysis of top manufacturers of the Acetic Acid market?
Who are the distributors, traders, and dealers of the Acetic Acid market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Acetic Acid Industry?
What are sales, revenue, and price analysis by regions of the Acetic Acid industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Highlights -
The acetic acid market is expected to grow with a CAGR of xx% owing to its wide array of applications as raw material across several industries.

The vinyl acetate monomer (VAM) segment is projected to hold a 20–30% of the market share as acetic acid is a prime ingredient of VAM

The food and beverage segment holds the largest market share due to rising use of acetic acid as an additive, flavoring, and preservative agent in the industry

Asia-Pacific dominates the acetic acid market, with China accounting for more than 50% of the world’s acetic acid production capacity.

Key Acetic Acid Market Trends:
- The report identifies, determines, and forecasts the Global Acetic Acid Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Acetic Acid Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Acetic Acid Market.

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This release was published on openPR.