Acetic Acid Market size worth $ 8.48 Billion, Globally, by 2028 at 2.62% CAGR: Verified Market Research®

 Increasing applications from industries such as paints and coatings, adhesives and paints, and textile industries will lead to Acetic Acid Market globally.

JERSEY CITY, N.J., May 30, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Acetic Acid Market" By Application (Acetate Esters, Acetic Anhydride), By End-User (Food And Beverages, Paints And Coating), and By Geography. According to Verified Market Research, Acetic Acid Market size was valued at USD 7.07 Billion in 2020 and is projected to reach USD 8.48 Billion by 2028, growing at a CAGR of 2.62% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=30010

Browse in-depth TOC on "Acetic Acid Market"

202 - Pages

126 – Tables

37 – Figures

Global Acetic Acid Market Overview

The rising demand for acetic acid in plastics, rubber, renovation, pharma, paint, and other industries is one of the driving factors in the growth of the global Acetic Acid Market. Additionally, the increased supply of Vinyl Acetate Monomer (VAM) and Purified Terephthalic Acid (PTA) in the textile and packaging industries is boosting the Acetic Acid Market. Moreover, the medical benefits provided by acetic acid in the form of vinegar, including cholesterol and blood pressure maintenance, as well as diabetes control, are expected to boost the market.

In addition, polyethylene terephthalate (PET) bottles are becoming extremely prevalent in the medical and consumer products industries. Because PET bottles are made from purified terephthalic acid (PTA), which is derived from acetic acid, rising demand is driving the market growth. Growing infrastructure investments around the world are expected to drive growth for coatings and sealants, thus also positively supporting the growth of the Acetic Acid Market during the forecast period. Furthermore, the rising use of acetic acid in the production of terephthalic acid is expected to aid market growth. Terephthalic acid is a key part of the production of polyester resins, which are widely used in polyester films, PET resins, as well as polyester fibers leading to the overall growth of the market.

Key Developments

• In January 2021, INEOS acquired BP's global Aromatics & Acetyls business, which included 15 different global production sites and 10 joint ventures, to expand its geographical scope and product offerings.
• In October 2019, BP has signed an agreement (MoU) with China's Zhejiang Petroleum and Chemical Corporation (ZPCC) to form a partnership. The companies decide to launch an acetic acid plant in Zhoushan, China, with a production capacity of one million tonnes per year as part of a collaborative venture (Mtpa).

Key Players

The major players in the market are Daicel Corporation, BP PLC, Celanese Corporation, LyondellBasell Industries N.V., Eastman Chemical Company, Shandong Hualu-Hengsheng Chemical Co. Ltd., Shanghai Huayi (Group) Company, Kingboard Chemical Holdings Ltd, Yankuang Cathay Coal Chemicals Co. Ltd., and Jiangsu Sopo (Group) Co. Ltd.

Verified Market Research has segmented the Global Acetic Acid Market On the basis of Application, End-User, and Geography.

• Acetic Acid Market, By Application
• Acetate esters
• Vinyl acetate monomer (VAM)
• Acetic anhydride
• Purified terephthalic acid (PTA)
• Others
• Acetic Acid Market, By End-User
• Food and beverages
• Paints and coating
• Pharmaceutical
• Others
• Acetic Acid Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Metallic Pigments Market By Type (Copper, Aluminum, Bronze), By Application (Paints & Coatings, Printing Inks, Cosmetics & Personal Care), By Geography, Forecast, 2021-2028

n-Propyl Ester of Acetic Acid Market By Product (Purity≥99.5%, Purity≥ 99.0%), By Application (Paints And Coatings, Printing Ink), By Geography, Forecast, 2021-2028

Acetaldehyde Market By Process (Oxidation of Ethylene, Oxidation of Ethanol, Dehydrogenation of Ethanol, and Others), By Derivative (Pyridine & Pyridine Bases, Pentaerythritol, Ethyl Acetate, Acetic Acid, and Others), By Application (Food & Beverage, Chemicals, Paints & Coatings, Plastics & Synthetic Rubber), By Geography, Forecast, 2021-2028

MonoChloro Acetic Acid Market By Type (Solid (Flake, Bulk)), By Application (Die, Pesticide), By Geography, Forecast, 2021-2028

Top 8 Paints And Coatings Companies painting the global market with a professional touch

Visualize Acetic Acid Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo:  https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg