mirror of https://github.com/Zelo72/adguard
Acetic Acid Market : A Study of the Industry's Key Players and Their Strategies #805
Loading…
Reference in New Issue
No description provided.
Delete Branch "%!s(<nil>)"
Deleting a branch is permanent. Although the deleted branch may continue to exist for a short time before it actually gets removed, it CANNOT be undone in most cases. Continue?
The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
The global acetic acid market size was USD 12.43 Billion in 2022 and is expected to register a rapid revenue CAGR of 7.4% during the forecast period. Rising adoption of acetic acid in manufacturing various specialty chemicals is a key factor driving market revenue growth.Acetic acids are highly procured to manufacture an array of specialty chemicals such as Polyvinyl Acetate (PVA), Vinyl Acetate Monomer (VAM), ethyl acetate, and various other derivatives. These derivatives are highly procured to manufacture an array of industrial chemicals such as adhesives, paints, polymers, and others. PVA is introduced in Three Dimensional (3D) printing owing to their ability to easily dissolv capabilities, which is helping to develop complex geometric 3D parts.
Key participants include
Celanese Corporation Chang Chun Group Daicel Corporation Eastman Chemical Company Gujarat Narmada Valley Fertilizers & Chemicals Limited INEOS Jiangsu SOPO (Group) Co., Ltd. Kingboard Holdings Limited LyondellBasell Industries Holdings B.V. Mitsubishi Chemical Corporation Petrochina Shandong Hualu-Hengsheng Chemical Co., Ltd. Sipchem Company P. Chemicals Wacker Chemie AG Samsung Fine Chemicals Shanxi Sanwei Group Co., Ltd. Qingdao Hisea Chem Co., Ltd. Shanghai Huayi (Group) Company Hangzhou Verychem Science and Technology Co., Ltd.
Request Free Sample @ https://www.emergenresearch.com/request-sample/2694
Drivers:
Several factors are driving the growth of the Acetic Acid Market. Firstly, the increasing demand for VAM, a key intermediate in the production of polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH), is fueling the consumption of acetic acid in the adhesives, paints, and coatings industries. Secondly, the expanding textile industry, particularly in emerging economies, is driving the demand for acetic acid in the production of cellulose acetate fibers and fabrics. Moreover, the growing adoption of acetate esters as solvents in various applications such as pharmaceuticals, fragrances, and flavors is further propelling market growth.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Acetic Acid Market Report:
An all-inclusive analysis and forecast estimation of the market have been included in this report.
The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Acetic Acid Market
and its leading players.
The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
Get access to the full description of the report @ https://www.emergenresearch.com/industry-report/acetic-acid-market
Restraints:
Despite the promising growth prospects, the Acetic Acid Market faces certain restraints. One significant challenge is the volatility in raw material prices, particularly for methanol, which is a key feedstock for acetic acid production via the methanol carbonylation process. Fluctuations in methanol prices can impact the profitability of acetic acid manufacturers and hinder market growth. Additionally, environmental regulations aimed at reducing emissions of volatile organic compounds (VOCs) pose challenges for the use of acetate esters in certain applications, leading to the exploration of alternative solvents.
For the purpose of this report, Emergen Research has segmented the global acetic acid market on the basis of products, route, cargo type, and region:
· Derivative Outlook (Revenue, USD Billion; 2019-2032)
Vinyl Acetate Monomer (VAM)
Purified Terephthalic Acid
Ethyl Acetate
Acetic Anhydride
Others
· Product Outlook (Revenue, USD Billion; 2019-2032)
Synthetic
Bio-Based
· Application Outlook (Revenue, USD Billion; 2019-2032)
Plastics and Polymers
Paints and Coatings
F&B
Pharmaceuticals
Textile
Others
Regional Overview:
The global Acetic Acid Market market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Acetic Acid Market market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Global Acetic Acid Market Report – Table of Contents:
Chapter 1 includes the global Acetic Acid Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Acetic Acid Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Acetic Acid Market market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Acetic Acid Market industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
Find similar reports by emergen research @
Vehicle to Grid Technology Market : https://www.emergenresearch.com/industry-report/vehicle-to-grid-technology-market
Digital Badges Market : https://www.emergenresearch.com/industry-report/digital-badges-market
computational biology market : https://www.emergenresearch.com/industry-report/computational-biology-market
surgical instrument tracking systems market : https://www.emergenresearch.com/industry-report/surgical-instrument-tracking-systems-market
predictive and prescriptive analytics market: https://www.emergenresearch.com/industry-report/predictive-and-prescriptive-analytics-market
iot in education market : https://www.emergenresearch.com/industry-report/iot-in-education-market
About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.