Acetic Acid Market Share, Size, Growth, Demand and Forecast Till 2024: IMARC Group

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Acetic acid is a two-carbon carboxylic acid which is most commonly associated with vinegar. Also known as ethanoic acid, it is a colourless liquid with a pungent odour and represents an essential chemical reagent. Acetic acid is produced through the carbonylation of methanol and is used for treating several medical conditions such as ear canal infections. It is also used as a feedstock in the production of several synthetic chemicals which range from polymers to esters. A new research report by IMARC Group, titled “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global acetic acid market was worth US$ 8.1 Billion in 2018, registering a CAGR of 2.68% during the year 2011-2018. The report further anticipates the market to reach a value of US$ 11.4 Billion by 2024, at a projected CAGR of 5.8% over the forecast period.
Request to get the sample report: https://www.imarcgroup.com/acetic-acid-technical-material-market-report/requestsample
Global Acetic Acid Market Drivers/Constraints:
·      There has been a rise in the demand for vinegar owing to its health benefits such as regulating blood sugar and cholesterol levels, maintaining blood pressure and reducing weight. This has majorly driven the growth of the global acetic acid market.
·      Acetic acid is used for dyeing purposes and also acts as a building block for various packaging materials. Therefore, a significant growth in the textile and packaging industries is positively contributing to the market growth.
·      There has also been an increase in the industrialisation and urbanisation rates in developing regions including Asia-Pacific, the Middle-East, and Latin America. This has resulted in an augmented demand for acetic acid and its derivatives across several end-use industries.
·      Another factor positively influencing the growth of the market is the initiatives taken by the manufacturers towards product innovation which is facilitating improved production process and assured quality.

Explore full report with table of contents: https://www.imarcgroup.com/acetic-acid-technical-material-market-report

End-Use Insights:
On the basis of end-use, the report finds that vinyl acetate monomer (VAM) currently represents the largest end-use segment of acetic acid. It is followed by PTA, anhydride, ethyl acetate and butyl acetate.
Regional Insights:
On a geographical front, China represents the largest market for acetic acid owing to rapid industrialisation and a strong growth in the end-use industries. China is followed by North America,  North East Asia, Western/Eastern Europe, South East Asia, and Middle East and Africa.
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
·      BP Chemicals
·      Celanese
·      Shanghai Wujing
·      Jiangsu Sopo
·      Reliance

Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert @  https://www.imarcgroup.com/request?type=report&id=591&flag=C

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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