Acetic Acid Market Research Report 2019, Industry Trends, Share, Size, Demand and Future Scope
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. Some of the top manufacturers/ Key players in Acetic Acid Market Include: ...