Market Summary of Acetic Acid

Acetic Acid, also named ethanoic acid, is a colourless liquid organic compound with the chemical formula CH3COOH. The undiluted form is also called Glacial Acetic Acid. Acetic acid has a particularly harsh taste and sharp smell. Acetic acid is the second most straightforward carboxylic acid (after formic acid). It is an important chemical reagent and industrial chemical, used primarily in the production of ester solvents, purified terephthalic acid (PTA), acetic anhydride, diketene derivatives, drugs & pharmaceuticals, dyes & intermediates, textiles, etc.

This report covers the market outlook and growth prospects of the global Acetic acid market for 2018-2023. The global Acetic acid market was valued at US$ 7.0 billion in 2018, growing at a CAGR of more than 4.5% during 2012-2018. The Global Acetic acid Market is assessed to develop at CAGR of 3% to reach US$ 8.2 billion by the end of 2023, driven by the growth.

The Main applications of acetic acid are VAM which is used in adhesive and coatings. Other applications are PTA, acetic acid, acetic anhydride etc. Other small application area of acetic acid finds place in monochloro acetic acid, butyl acetates and ethanol.

Some crucial players in the Acetic acid market are Mitsubishi Chemical Corporation, Jiangsu Sopo (Group), Sinopec, GNFC Limited, Saudi International Petrochemicals, Daicel Corporation, DuPont, British Petroleum, LyondellBasell, Wacker Chemie, Celanese Corporation, HELM AG, Eastman Chemical Company and PetroChina.

This report covers the global scenario on Acetic acid Industry, Region-wise Supply Demand Analysis and Future Demand Projections for the Africa, South America, North America, Indian Subcontinent, North East Asia, China, South East Asia, Middle East, Europe and Australia. For Indian scenario this report covers major producers, Supply, Demand, Market Drivers and Future Projection.