The global Acetic Acid market was valued at US$ 10870 million in 2020 and it is expected to reach US$ 14560 million by the end of 2027, growing at a CAGR of 3.8% during 2021-2027.
Acetic acid is a colourless liquid organic compound with the chemical formula CH3COOH (also written as CH3CO2H or C2H4O2). When undiluted, it is sometimes called glacial acetic acid. Vinegar is roughly 3–9% acetic acid by volume, making acetic acid the main component of vinegar apart from water. Acetic acid has a distinctive sour taste and pungent smell. In addition to household vinegar, it is mainly produced as a precursor to polyvinyl acetate and cellulose acetate. It is classified as a weak acid since it only partially dissociates in solution, but concentrated acetic acid is corrosive and can attack the skin.
China is the world’s largest producer of acetic acid, accounting for 52.70% of the world’s total production capacity in 2017. Besides, Celanese’s acetic acid plant has become the world’s largest acetic acid production plant, its production capacity has reached 3150 K MT. BP-Amoco company is the No.1 of European producers, with the production capacity of 2800 K MT.
Global Acetic Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Acetic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Celanese, Bp, Eastman, Daicel, Lyondellbasell, Jiangsu Sopo, Shanghai Huayi, Kingboard Chemical, Shandong Hualu-Hengsheng, Yankuang Cathay Coal Chemicals, Chongqing Yangtze River Chemical and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-acetic-acid-market-outlook
Segment by Type
- Acetic Acid(36% to 38%)
- Glacial Acetic Acid(More than 98%)
Segment by Application
- Vinyl Acetate Monomer
- Purified Terephthalic Acid
- Acetic Anhydride
Table of Content:
1 Acetic Acid Market Overview
2 Acetic Acid Market Competition by Manufacturers
3 Acetic Acid Retrospective Market Scenario by Region
4 Global Acetic Acid Historic Market Analysis by Type
5 Global Acetic Acid Historic Market Analysis by Application
6 Key Companies Profiled
7 Acetic Acid Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Acetic Acid Market Dynamics
10 Global Acetic Acid Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.