The production of acetic acid is diluted and often finds its application in household applications as a disinfectant agent whereas in the industry it is broadly utilized as an important chemical reagent that is used to formulate complex substances

Description

Acetic Acid Market- by Application (Vinyl Acetate Monomer, Acetic Anhydride, Acetate Esters, Purified Terephthalic Acid and Ethanol), by End-user Industry (Plastics and Polymers, Water treatment, Chemicals and Others) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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The acetic acid market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of acetic acid industry

Acetic Acid Market Introduction

The acetic acid market size is valued at USD 8.9 billion in 2019 and estimated to register a CAGR of 5.4% during the forecast period (2020-2025). Acetic acid is one of the necessary raw materials which is used in the manufacturing of complex chemicals for various end-use industries. Also, demand from wastewater treatment plants has increased the mass production of acetic acid and the growth of new separation technologies to increase efficiency is expected to create new opportunities in the acetic acid market.

Factors Affecting the Acetic Acid Industry Over the Forecast Period

The production of acetic acid is diluted and often finds its application in household applications as a disinfectant agent whereas in the industry it is broadly utilized as an important chemical reagent that is used to formulate complex substances

Favorable chemical properties has to lead to an increase in production which can be used for domestic and industrial areas

Acetic acid has a major demand in chemical laboratories which involves testing and experimenting with other chemical substances

The substance is categorized as hazardous to human health by classifying and labeling of the European chemicals agency (echa) as it causes severe eye damage, skin burns

High exposure of acetic acid may cause burning effects and irritation, this is expected to hamper the market growth

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Impact of COVID-19 on Acetic Acid Market:

During the COVID 19 pandemic, the global acetic acid market has witnessed a substantial supply-demand gap, which results in a drop in the overall sales. End-use industries are going through huge setbacks that affect the overall demand for acetic acid.

Scope of the Report

The report outlines the global acetic acid market study based on application and end-use industry

Acetic Acid Market: Regional Outlook

Based on the region, the global Acetic Acid Market

 has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2019, Asia Pacific held the largest share in the global acetic acid market, followed by North America and Europe. China is expected to drive the growth of the Asia Pacific acetic acid market over the forecast period. Moreover, North-America is expected to project the highest CAGR globally over the forecast period.

Key Global Acetic Acid Market Competitors Includes –

The global acetic acid market is highly fragmented, with the presence of a large number of small players across the globe. The key companies operating in the global acetic acid market are

• • Eastman Chemical Company
  • British Petroleum
  • LyondellBasell
  • Celanese Corporation
  • Gujarat Narmada Valley Fertilizers & Chemicals
  • Helm AG
  • Pentoky Organy
  • Dow Chemicals

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