Press Release

Acetic Acid Market to be Dominated by Vinyl Acetate Monomer Segment Through 2027

Rising population & rapid growth of the packaging industries to drive the demand for the Acetic Acid market in the forecast period, 2023-2027.

According to TechSci Research report, Acetic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The Global Acetic Acid Market is anticipated to increase at an impressive scale in the forecast period, 2023-2027. There is a particular product that is required by every industry for smooth production. As the acetic acid product is used for different purposes, it is also in demand in various sectors, such as sealant, coating, grease, and polyester. Thus, slight fluctuation in related markets can impact the growth of the acetic acid market. For example, an increase in the EV vehicle market will positively impact acetic market share as acetic acid is used in the production of paint and coats. Due to the versatile uses of acetic acid in the food industry, medical industrial, household, industrial chemical, for study purposes in laboratories and schools, infrastructure projects, and other proposes make this product demandable to growing population needs. Thus, these trends are going to impact the market in terms of value and volume.

Due to rapidly growing EV vehicle industries, food & medicinal demand, packaging of foods, and the textile sector, we can expect an increase in demand that directly impacts the demand for acetic acid across the industries. Thus, it is likely that the demand for Acetic acid is going to increase in the projected year. In 2020, the market share as per revenue of the paints and coatings industry in the United States amounted to approximately 25.2 billion U.S. dollars. Thus, we are going to experience the growth in market share of the acetic acid market to maintain the existing assets and development of the upcoming infra projects and its accessories or vehicles.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Acetic Acid Market"

The Global Acetic Acid Market is segmented based on application type, and end user industry:

Based on application type, the market is divided into vinyl acetate monomer, purified terephthalic acid, acetate esters, ethanol, and others. Vinyl acetate monomer is expected to hold the largest market share in the forecast period, 2023-2027. Among all its categories, it is used in diverse ways as resins and polymers for coating, films, textiles, paints, and adhesives, which helps VAM to target more niches. Thus, VAM holds the largest market share.

Based on End User Industry Type, the market is divided into food & beverage, plastic & polymers, paints & coatings, pharmaceutical, and others. As per estimates, paints & coatings will experience the highest market share during the forecast period. As the population grows, demand for more infrastructure and automobiles is increasing to fulfill their needs. Hence, this segment is dominated by paints & coatings.

Major operating companies operating in Global Acetic Acid Market are:

  • Celanese Corporation
  • INEOS Group
  • Eastman Chemical Company
  • Jiangsu SOPO (Group) Co. Ltd
  • Daicel Corporation
  • Gujarat Narmada Valley Fertilizers & Chemicals Limited
  • Helm AG
  • Pentoky Organy India Limited
  • Dow Chemicals Company
  • Indian Oil Corporation


Download Free Sample Report

Customers can also request for 10% free customization on this report.
 

“The Asia-pacific region dominates the market and is expected to maintain its dominance in the coming years because it has more developing economies and a growing population. Ongoing development projects, growing innovation in new sectors, and increasing demand for existing product goods that require Acetic products directly influence the growth of the market segment compound. According to Statista, the Global average demand for packaging will be 500 billion in revenue in the year 2027. Thus, this increasing trend is expected to positively impact the acetic acid market's market growth.

The Asia-Pacific region has one of the biggest suppliers of acetic acid, with almost 70% of trade worldwide. Thus, this region is the highest producer and consumer of acetic acid. The above data indicate and make this market more lucrative in market share. Countries in this region are getting additional FDI from western enterprises to boost acetic acid production, consumption, and import. Increasing demand for EV vehicles, food & medicinal packaging of foods, and the textile sector propels the Global Acetic Acid Market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Acetic Acid Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented by Application (Vinyl Acetate Monomer, Purified Terephthalic Acid, Acetate Esters, Ethanol, Others), by End User Industry (Food & Beverage, Plastic & Polymers, Paints & Coatings, Pharmaceutical, Others), has evaluated the future growth potential of Global Acetic Acid Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Acetic Acid Market.


Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com

Relevant News