According to the latest report by IMARC Group titled, “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 11.4 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 291 Billion by 2024, exhibiting a CAGR of around 2.68% during 2019-2024.

Acetic acid (CH3COOH), or ethanoic acid, is a transparent organic compound with a sour and pungent odor that is produced via the carbonylation of methanol. It acts as an important reagent in the manufacturing of coatings, greases, polyesters and sealants, along with various synthetic chemicals and volatile organic esters, such as ethyl and butyl acetates. It is also utilized as a solvent in various industrial processes and as an additive in the food and beverage industry.

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Market Segmentation

Breakup by Region

China
North America
Western/Eastern Europe
North East Asia
South East Asia
Middle East & Africa
Breakup by Application

VAM
PTA
Anhydride
Ethyl Acetate
Butyl Acetate
Others
Breakup by End Use Industry

Plastics & Polymers
Food & Beverage
Inks, Paints & Coatings
Chemicals
Pharmaceuticals
Others
Competitive Landscape

The report has also examined the competitive landscape of global acetic acid market. Some of the major players in the market are British Petroleum Plc, Celanese Corporation, Daicel Corporation, DuPont, Eastman Chemical Company, GNFC Limited, HELM AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, PetroChina, SABIC, Showa Denko K.K., Sinopec, Svensk Etanolkemi AB (SEKAB), Wacker Chemie AG, etc.

Key highlights of the report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
Read full report summary with Table of Content: https://www.imarcgroup.com/acetic-acid-technical-material-market-report

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