Acetic Acid Market Research Report By IMARC Group Till 2024

Business Chemicals and Material News

According to the latest report by IMARC Group titled, “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 11.4 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 291 Billion by 2024, exhibiting a CAGR of around 2.68% during 2019-2024.

Acetic acid (CH3COOH), or ethanoic acid, is a transparent organic compound with a sour and pungent odor that is produced via the carbonylation of methanol. It acts as an important reagent in the manufacturing of coatings, greases, polyesters and sealants, along with various synthetic chemicals and volatile organic esters, such as ethyl and butyl acetates. It is also utilized as a solvent in various industrial processes and as an additive in the food and beverage industry.

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Market Segmentation

Breakup by Region

  • China
  • North America
  • Western/Eastern Europe
  • North East Asia
  • South East Asia
  • Middle East & Africa

Breakup by Application

  • VAM
  • PTA
  • Anhydride
  •  Ethyl Acetate
  • Butyl Acetate
  • Others

Breakup by End Use Industry

  • Plastics & Polymers
  • Food & Beverage
  • Inks, Paints & Coatings
  • Chemicals
  • Pharmaceuticals
  • Others

Competitive Landscape

The report has also examined the competitive landscape of global acetic acid market. Some of the major players in the market are British Petroleum Plc, Celanese Corporation, Daicel Corporation, DuPont, Eastman Chemical Company, GNFC Limited, HELM AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, PetroChina, SABIC, Showa Denko K.K., Sinopec, Svensk Etanolkemi AB (SEKAB), Wacker Chemie AG, etc.

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Competitive Structure
  • Profiles of Key Players

Read full report summary with Table of Content: https://www.imarcgroup.com/acetic-acid-technical-material-market-report

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