Acetic Acid Market
Acetic Acid Market Size And Forecast
According to Verified Market Research, the Global Acetic Acid Market was valued at USD 7.6 Billion in 2018 and is projected to reach USD 9.3 Billion by 2026, growing at a CAGR of 2.5% from 2019 to 2026.
Global Acetic Acid Market Outlook
The factors contributing to the growth of the global acetic acid market include the rising demand for acetic acid in plastics, rubber, construction, pharmaceutical, paint and in many other industries. Also, increasing demand for Vinyl acetate monomer (VAM) and Purified Terephthalic Acid (PTA) in the textile and packaging industry, is also boosting the acetic acid market growth. Moreover, the health benefits such as maintaining cholesterol, and blood pressure levels, regulation of blood sugar, proffered by acetic acid in the form of vinegar is further expected to fuel the market growth. However, the harmful effects on environment and health issues concerning with misleading of acetic acid, volatility in the prices of raw materials such as methanol, and the government rules and regulations on the use of the acetic acid in various end-use applications are the factors that might respond to restrain the market growth.
Global Acetic Acid Market Competitive Landscape
The Global Acetic Acid Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as 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.
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