Acetic Acid: Derivatives and Global Markets to 2023 Summary Acetic acid is one of the simplest carboxylic acids which is a colorless organic compound. It has two carbon (C) atoms, four hydrogen (H) atoms and two oxygen (O) atoms, and consists of a methyl group which is attached to a carboxyl acid. It is also known as ethanoic acid or methanecarboxylic acid and is mainly produced by fermentation, followed by oxidation of ethanol. Acetic acid, at present, is used widely in various industries, the major ones being the production of polymers, pharmaceuticals, as solvents, food additives, lubricants, soaps and detergents, agrochemicals, animal feed, textiles, plastics, lubricant, varnishes, resins, transparent adhesives, cosmetics, personal care products, coatings, rubber, and paint. The global acetic acid market has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years, mainly driven by the growth of vinyl acetate monomer (VAM) in the food and beverage industry (food packaging, food preservatives). Key Factors Driving the Growth of the Acetic Acid Market ● Increasing Demand for Vinyl Acetate Monomer (VAM) in Developing Countries ● Increasing Demand for Acetic Acid as Vinegar ● Increasing Demand for Packaged/Processed Food ● Increasing Consumption of PET ● Increasing Textile Industry Key Factors Restraining the Growth of the Acetic Acid Market ● Mature Market of Acetic Anhydride in Developed Regions ● Saturation of VAM in Developed Regions Request a free sample report: https://www.jsbmarketresearch.com/sample-request/acetic-acid-derivatives-and-global-marke ts
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Global Acetic Acid Market by Derivatives By derivative, the global acetic acid market is segmented into these categories: vinyl acetate monomer, purified terephthalic acid, acetate esters, acetic anhydride and monochloroacetic acid. Vinyl acetate monomer had the highest share in 2017, accounting for REDACTED% in terms of value. It is expected to grow at a CAGR of REDACTED% from 2018 to 2023. Consumption volume of vinyl acetate monomer was REDACTED kilotons in 2017. It was estimated to stand at REDACTED kilotons in 2018 and is forecast to reach REDACTED kilotons by 2023. Acetic acid is the main feedstock to manufacture vinyl acetate monomer. Global Acetic Acid Market by Regions By region, the global acetic acid market is segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. In terms of value and volume, Asia-Pacific had the highest share in 2017, accounting for REDACTED% in terms of value. The value market in Asia-Pacific stood at nearly $REDACTED billion in 2017. It is further estimated to record a value of nearly $REDACTED billion in 2018, and is forecast to reach $REDACTED billion by 2023, growing at a CAGR of REDACTED% from 2018 to 2023. Consumption volume in Asia-Pacific was REDACTED kilotons in 2017. It was estimated at REDACTED kilotons in 2018 and is forecast to reach REDACTED kilotons by 2023. The dynamics of each region are different, with many industrial application production platforms having migrated from North America and Europe to Asia-Pacific countries,changing the consumption pattern and product flow in each region.
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