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Jan 20, 2021 (The Expresswire) —
Global Acetic Acid Market research report provides a Point-by-Point In-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
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Acetic Acid Market competition is assessed by top manufacturers, with production, price, revenue (value), and market share for each manufacturer. It offers a complete evaluation of every area including the volume of the global Acetic Acid market in that area in the estimated duration. This well-drafted report entails the existing market status, historical data, and projection outlook. A detailed segmentation analysis of the market is done on regions, types, and applications in the report. The report tracks primary trends that decide future growth prospects in the global market.
Acetic Acid Market Report Overview includes major players of the global Acetic Acid Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report.The research report explores the Acetic Acid market across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Acetic Acid Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Acetic Acid.
The global acetic acid market is expected progress at a CAGR of 4.30% during the forecast period, (2018 Ã¢â¬â 2023). The Asia-Pacific region is estimated to lead the market, due to its rapid growth in the global textile market.
Acetic acid is a key building block in the production of various chemicals, such as, vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters, and acetic anhydride that are further used by a wide range of end-user industries, including synthetic fibers, textiles, inks, and pesticides. VAM is used to produce a variety of polymer and adhesives, while polyethylene terephthalate (PET), being a derivative of terephthalic acid, is predominantly used to produce polyester for textiles and plastic bottles.
Soaring Demand in Textile Market
The global textile market is expected to witness a significant growth during the forecasted period, attributed to factors, such as, increasing disposable income and standard of living of the people. The Asia-Pacific market is anticipated to be the largest market for textile industry, due to the strong industrial base of the region. The adoption of innovative and path-breaking technologies is providing a competitive edge to the companies, to enhance their profit margins. Furthermore, increasing population, improving economic condition such as rising GDP and disposable income of the people, drives the market in the region and blooming manufacturing sector
Vinyl Acetate Monomer (VAM) to Dominate the Market
Among all the acetic acid derivatives, VAM led the market with the highest global consumption in 2017. VAM is a key raw material in the manufacturing of water-based adhesives, which accounts for significant use in the global adhesive and sealants market. The increasing demand from Asia-Pacific is expected to boost the demand for acetic acid, during the forecast period. Additionally, the acetate esters segment is expected to be the fastest growth segment of the market, which is primarily driven by the growing demand from the coatings industry.
Asia-Pacific to Lead the Market
Asia-Pacific is the largest consumer of acetic acid in the market, and accounts a share of 34% of the total global demand, followed by North America, in 2017. The growing population coupled, with improving economic conditions, such as, the rising GDP and disposable income of the people, are some of the factors contributing to the growth of the Asia-Pacific market. China is the biggest consumer, and is among the fastest-growing markets of manufacturing sector of this region.
Notable Developments in the Market
Jan 2018: Celanese Corporation, a global chemistry and specialty materials company, delivered technical expertise and engineering support to enable the art of material selection.
Oct 2017: PetroChina maintained a stable improvement in the operational efficiency, in the first three quarters, achieving results that were better than expected.
Major Players: British Petroleum, Celanese Corporation, DuPont Corporation, Eastman Chemical Co., PetroChina, and Showa Denko K.K, among others.
Reasons to Purchase the Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of PorterÃ¢â¬â¢s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Acetic Acid Market for 2021-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Acetic Acid.
The market is divided into the following segments based on geography:
● North America ● United States ● Canada ● Mexico ● Europe ● France ● Germany
Global Acetic Acid Market 2021-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
● Growing research activities coupled with new product launches. ● For a full, detailed list, view our report
● High Opportunity in the Industry ● For a full, detailed list, view our report
● Complications associated with Acetic Acid procedures. ● For a full, detailed list, view our report
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Key questions answered in this report
● What will the market size be in 2024 and what will the growth rate be? ● What are the key market trends? ● What is driving this market? ● What are the challenges to market growth? ● Who are the key vendors in this market space? ● What are the market opportunities and threats faced by the key vendors? ● What are the strengths and weaknesses of the key vendors?
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness â Porterâs Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth and Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
6.2.2 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
6.2.4 South America
18.104.22.168 Rest of South America
6.2.5 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East and Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
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Market Reports Worldis the Credible Source for Gaining the Market Reports that will Provide you with the Lead Your Business Needs. Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors.
Name: Ajay More
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