Acetic acid is a clear, colorless liquid with a strong sour taste and pungent smell at room temperature. It dissolves in water, organic solvents like ethanol, diethyl ether, carbon tetrachloride and glycerol. Acetic acid is flammable. Synthetic fabrics, adhesives, medicines, insecticides, and fuels are all made by using acetic acid. Acetic acid is an excellent organic solvent that is used to make vinyl acetate monomer (VAM), acetic anhydride, acetate esters, and cellulose acetate.
The "Global Acetic Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acetic acid market with detailed market segmentation by application, and geography. The report provides key statistics on the market status of the acetic acid market players and offers key trends and opportunities in the market.
- Based on application , the market is bifurcated into Vinyl acetate monomer (VAM), Purified Terephthalic Acid (PTA), acetate esters, acetic anhydride, and others
- Rising demand for the production of Vinyl Acetate Monomer and acetic anhydride drives the market growth.
- Increasing demand from industries like pharmaceutical, textiles, food processing, fertilizer etc.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acetic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acetic acid in these regions.
IMPACT OF COVID-19 ON ACETIC ACID MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the acetic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acetic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for acetic acid in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acetic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Mitsubishi Chemical Corporation
Eastman Chemical Company
LyondellBasell Industries Holdings B.V.
Gujarat Narmada Valley Fertilizers and Chemicals Limited
Pentokey Organy India Ltd
Jiangsu SOPO (Group) Co., Ltd.
Kingboard Holdings Limited
Kanoria Chemicals and Industries Ltd
Pon Pure Chemicals Group
The Chemical Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.