Acetic Acid Market – Snapshot on Global Benefits 2031

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Report Description

A recent market intelligence report that is published by Data Insights Partner on Acetic Acid Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international ABC Market. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Acetic Acid Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Acetic Acid Market is offered.

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Market Insights:

In accordance with the report, the Acetic Acid Market is projected to expand at a CAGR of X.X% over the period of forecast.  The global Acetic Acid Market was valued at USD XX.X Mn in 2021 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. During the forecast period, the acetic acid market is expected to increase significantly. In addition, the increased use of acetic acid in the production of various products such as vinyl acetate monomers (VAM) and refined terephthalate acid is expected to raise market demand during the forecast period from 2021-2030. VAM is made from acetic acid, which is then used to make a variety of resins and polymers for use in adhesives, films, paints, coatings, textiles, and other end-user goods. The increasing construction activities in emerging economies of Asia-Pacific are expected to drive the demand for adhesives, paints, and coating among others. This, in turn, is expected to have a beneficial impact on the market for acetic acid end-use products. Growing infrastructure developments around the world are expected to boost demand for coatings and sealants, which will help to drive demand for acetic acid monomers higher over the forecast period. Furthermore, the increasing use of acetic acid in the production of terephthalic acid is expected to boost market growth throughout the forecast period. Moreover, the price volatility of traditional raw materials like methanol is expected to accelerate the transition to bio-based acetic acid in the future years. China is the market leader among all countries. In 2020, the country consumed the most of this product. The ROW region has a small market for acetic acid and its numerous derivatives, but it is expected to develop at the fastest CAGR from 2021 to 2031, followed by the Asia-Pacific region.

Research Methodology:

To compile the detailed study of the global Acetic Acid market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Acetic Acid Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Acetic Acid Market.

COVID-19 Scenario Analysis:

The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Acetic Acid market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.

Segment Covered:

Acetic Acid Market report has been segmented By Application Type, End use Industry and geography also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2021 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments:

Acetic Acid Market research report includes an in-depth coverage of the industry with estimates & forecast from 2021 to 2031, for the following segments:

Acetic Acid Market, By Application Type, 2021-2031 (USD Million)

 

Vinyl Acetate Monomer
Purified Terephthalic Acid
Acetate Ester
Acetate anhydride
Others

Acetic Acid Market, By Application Type, 2021-2031 (USD Million)

 

Plastics and Polymers
Food and Beverage
Adhesives, Paints, and Coatings
Chemicals
Textile
Medical
Other End-user Industries

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Report Highlights:

The prime objective of the Acetic Acid market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.

Acetic Acid Market, By Region, 2021-2031 (USD Million)

 

North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)

Companies Profiled:

To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Acetic Acid market:

Celanese Corporation
INEOS
Jiangsu SOPO (Group) Co. Ltd
Eastman Chemical Company
LyondellBasell Industries Holdings BV
Others.

 Acetic Acid Market Report Highlights:

Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.

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