Global Acetic Acid Industry to reach USD 14.10 billion by 2025.
Global Acetic Acid Industry valued approximately USD 9.4 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2019-2025. The major driving factors of global acetic acid Industry are growing demand for vinyl acetate monomer, increasing disposable income, standard of living of the people and rising use of ester solvents in paints and coatings industry which fueling the demand of acetic acid. The global textile Industry is expected to witness a significant growth of acetic acid Industry over the coming years. The major restraining factor of acetic acid Industry are several environment concern and volatility in raw material prices. Reduced performance at low temperatures, low compatibility with quartz, and irritation to skin and corrosive to metals are factors expected to hamper the growth of acetic acid consumption during the forecast period. Acetic acid systematically named ethanoic acid. It is a colorless liquid organic compound with the chemical formula CH3COOH (also written as CH3CO2H or C2H4O2).In making process of acetic acid, the main component is vinegar apart from water. It has a distinctive sour taste and pungent smell. There are many benefits of acetic acid such as benefit of having acetic acid in a food or beverage is that it keeps other unwanted pathogenic organisms from growing, acetic acid can be used as an antiseptic and acetic acid is also used in making perfume.
The regional analysis of Global Acetic Acid Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific accounted dominating share in total generating revenue in 2017. China, Japan, India, South-Korea, Taiwan, etc. are few countries in Asia Pacific that are estimated to hold a significant Industry share in the overall consumption and production of acetic acid. North America is projected grow at a significant rate during the forecast period as the U.S. is estimated to be the prominent producer and consumer of acetic acid in the global acetic Industry. Europe is expected to witness the rise for the acetic acid consumption attributing to the growing concerns towards the health coupled with increasing expenditure which pumps the growth of acetic acid. Latin America and the Middle East & Africa are expected to witness the demand for acetic acid during the forecast period, which can be attributed to the increasing usage of polyester in the textile industry.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Acetic Acid Industry Share and Size by 2019-2025
Acetic Acid Market Segmentation:
* Food Grade
* Industrial Grade
* Paints and Coatings
* Food & Beverages
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Acetic Acid Market are as follows: