Global Acetic Acid Market size is valued at US$ 10.23 Bn in 2018 and expected to grow at a CAGR of XX % in the forecasting period.
Acetic acid acts as an intermediary for formulating coatings, greases, polyester, and sealants that have applications in diversified industries such as electronics, automotive, textiles, and packaging. Increasing trend amongst youngsters for fashionable apparels and superior quality fabrics produced by mills is augmenting the textile industry. Bio-based chemicals are gaining acceptance as these can act as a complete replacement for fossil-based feed stocks. Product synthesis with bio-based materials is also gaining momentum. Bio-based acetic acid may be manufactured by fermenting corn starch, sugar for ethanol etc. Manufacturers are scouting for bio-based pathways for better understanding of the relative costs of manufacturing the product from biomass as compared to petroleum-based feed stocks.
The Global Acetic Acid Market dynamics are thoroughly studied and explained in the report, which helps reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at global and regional level for the Global Acetic Acid Market.
Global Acetic Acid Market is studied by Various Segments:
The report from Maximize market research provides the detail study of the market by various segments. Acetic Acid market is majorly segmented by the application and region wise. Based on applications, the market is segmented as vinyl acetate monomer [VAM], purified terephthalic acid [PTA], acetate esters, and acetic anhydrid. Under this, Vinyl Acetate Monomer (VAM) contributes significantly in the application segment of the acetic acid market. It is consumed widely in making several resins and polymers for textiles, films, paints, coatings, adhesives, and other such products.
Global Acetic Acid Market Region wise Market Analysis & Forecast:
The report covers a geographic breakdown and a detailed analysis of each of the segments across several regions and each countries under it. Geographically, the market is segmented as North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia Pacific had witnessed a surge in the demand of acetic acid in recent years. The development of manufacturing industries in Indonesia, Laos, Thailand, Cambodia, Vietnam, Japan, and India has boosted the market for acetic acid in the region.
Global Acetic Acid Market: Competition Landscape
The Global Acetic Acid Market has the presence of a large number of players. Major players in the Global Acetic Acid Market are concentrating on developing new technologies to facilitate the industry with lowest time and low expenditure consuming technologies. In the recent years there are many discoveries in the field of technologies with regards to Global Acetic Acid Market, which in turn will help the industry to grow resulting in boost to the competition too. Detailed analysis of competition, new entrants, strategic alliances, mergers and acquisition in the Global Acetic Acid Market is covered in the report.
The report covers the market leaders and followers in the industry with the market dynamics by region. It will also help to understand the position of each player in the market by region, by segment with their expansion plans, R&D expenditure and organic & in-organic growth strategies. Long term association, strategic alliances, supply chain agreement and mergers & acquisition activities are covered in the report in detail from 2014 to 2019. Expected alliances and agreement in forecast period will give future course of action in the market to the readers. All major & important players are profiled, benchmarked in the report on different parameters that will help reader to gain insight about the market in minimum time.
Objective of the Report:
The objective of the report is to present a comprehensive analysis of Global Acetic Acid Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Acetic Acid Market dynamics, structure by analyzing the market segments and project the Global Acetic Acid Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Acetic Acid Market make the report investor’s guide.
Key Players Profiled and Analised
Key player across the Acetic Acid industry are Mitsubishi Chemical Corporation, Daicel Corporation, GNFC Limited, HELM AG, LyondellBasell Industries N.V., PetroChina and Sinopec. The market is witnessing the trend of mergers & acquisitions. For instance, Eastman Chemical acquired Sterling Chemicals in 2011.
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The Scope of Global Acetic Acid Market:
Global Acetic Acid Market, By Application
• Vinyl Acetate Monomer [VAM]
• Purified Terephthalic Acid [PTA]
• Acetate Esters
• Acetic Anhydride
Global Acetic Acid Market, By Geography
• North America
• Middle East & Africa
• Latin America
Key Players operating in the Global Acetic Acid Market:
• Wacker Chemie
• Saudi International Petrochemicals
• Eastman Chemical Company
• Jiangsu Sopo (Group) Co., Ltd.
• British Petroleum
• Celanese Corporation
• Mitsubishi Chemical Corporation
• Daicel Corporation
• GNFC Limited
• HELM AG
• LyondellBasell Industries N.V.
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