1 / 5

Acetic Acid Market : Global Market Size, Share, Development, Growth, and Demand Forecast, 2014–2024

Acetic acid is basically an organic compound having the molecular formula CH3COOH, which serves as a precursor for the production of different chemicals used in areas such as textiles manufacturing, inks formulation, and rubbers and plastics manufacturing.

Devanshuraizada
Download Presentation

Acetic Acid Market : Global Market Size, Share, Development, Growth, and Demand Forecast, 2014–2024

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Acetic Acid Market Phenolic Resins Market

  2. Acetic Acid Market by Scope, Growth Prospective, Application & Forecast by 2024 Acetic acid is basically an organic compound having the molecular formula CH3COOH, which serves as a precursor for the production of different chemicals used in areas such as textiles manufacturing, inks formulation, and rubbers and plastics manufacturing. Get a free sample copy of this report @ https://www.psmarketresearch.com/market-analysis/acetic- acid-market/report-sample Based on region, the acetic acid market is categorized into Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa. Among all these regions, Asia-Pacific held a significant share in the market during the historical period. This can be majorly attributed to the rapidly advancing industrial sector in countries such as China and India. Moreover, APAC countries such as China, Japan, India, and Vietnam are the major hubs for the production of different chemicals and textile products, which are the major end-use industries for the acid. Based on application, the acetic acid market is categorized intovinyl acetate monomer, purified terephthalic acid, acetate esters, and acetic anhydride. The market demand for the acid was the highest for vinyl acetate monomer application in 2017. The monomer serves as a major raw material for the production of water-based adhesives, which in particular is a popular form of adhesive in automotive and construction industries. The acetate esters are another leading category in the market. The demand for acetate esters is majorly driven by their high consumption in coatings industry. The major driver identified in the acetic acid market is the rapid expansion of textile industry. Globally, the textile industry continues to witness rapid growth, owing to the rising income levels in the developing countries, increased standard of living, and changing fashion trends and customer preferences. One of the major regions witnessing rapid growth in textile industry is the Asia-Pacific region, owing to vast market for textiles in China and India. 2 © P&S Market Research. All rights reserved

  3. Acetic Acid Market by Scope, Growth Prospective, Application & Forecast by 2024 Access full report with TOC @ https://www.psmarketresearch.com/market-analysis/acetic-acid- market The major driver identified in the acetic acid market is the rapid expansion of textile industry. Globally, the textile industry continues to witness rapid growth, owing to the rising income levels in the developing countries, increased standard of living, and changing fashion trends and customer preferences. One of the major regions witnessing rapid growth in textile industry is the Asia-Pacific region, owing to vast market for textiles in China and India. The acetic acid market is characterized by the presence of multinational corporations, which have presence in more than one country. Some of the major companies operating in the global market are BP Plc, Celanese Corporation, Shanghai Huayi (Group) Company, Daicel Corporation, Eastman Chemical Company, LyondellBasell Industries N.V., Shandong Hualu-Hengsheng Chemical Co. Ltd., Jiangsu Sopo (Group) Co. Ltd., Yankuang Cathay Coal Chemicals Co. Ltd., and Kingboard Chemical Holdings Ltd. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 3 © P&S Market Research. All rights reserved

  4. Acetic Acid Market by Scope, Growth Prospective, Application & Forecast by 2024 Contact: P&S Intelligence Toll-free: +1-888-778-7886 (USA/Canada) International: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com 4 © P&S Market Research. All rights reserved

  5. Acetic Acid Market by Scope, Growth Prospective, Application & Forecast by 2024 Disclaimer: P&S Intelligence always keeps customers interest at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. P&S Intelligence does not endorse any product, service or vendor depicted in its research publications. All intellectual property, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service, report or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including and not limited to, all forms of optical-based media, magnetic, electronic, or digital without a written permission from P&S Intelligence. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 5 © P&S Market Research. All rights reserved

More Related