According to the report, the Ethanoic Acid market is predicted to achieve USD 17,279 million by 2026. This report examines the status quo and projections of the global Ethanoic Acid market and analyzes the Ethanoic Acid market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
Ethanoic acid or acetic acid is majorly produced by methanol carbonylation technique, and is a colorless liquid and has a strong distinct and pungent smell. It is traditionally used for pickling vegetables and as a food preservative. Acetic acid is an important chemical and industrial chemical.
The Ethanoic Acid market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include Celanese Corporation, BP Chemicals, Eastman Chemical Company, Kyodo Sakusan, Hebei Zhongxin Chemical, Hualu Hengsheng Chemical, Shandong Yankuang Chemical, Wujing Shanghai Chemical, Jiangsu SOPO, Chongqing Yangtze River Chemical, etc.
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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Value:
It is estimated that the total market value of the Ethanoic Acid global market is poised to reach USD 17,279 million in 2026 from USD 9,574 million in 2019, with a CAGR of 8.80%.
Facilitating and Limiting Factors:
The Ethanoic Acid market is expected to register substantial growth in the coming years, owing to a wide area of application of acetic acid in Chemical & Material and Food & Beverages industries. In addition, growing demand for Ethanoic Acid as vinegar on account of various health benefits associated with it is also projected to stimulate the growth of the market. Yet, unstable prices of methanol and unfavorable effects caused to the environment by using Acetic acid are expected to impede the growth of the market. Emerging technologies and shift in production towards bio-based acetic acid will bring some new growth opportunities to the growth of the market in the forthcoming years.
The global Ethanoic Acid market is broadly divided based on type, application, and region:
By type - Cativa Technology, AOPlus Technology
By application - Chemical & Material, Food & Beverages, Others
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
Asia-Pacific held the largest market share of 29.86% in 2018 and is expected to show the same trend during the forecast period. The dominance in this region can be attributed to the emergence of manufacturing hubs in China, India, and other Asian countries. In Asia-Pacific, increased investment, growing population, and government initiatives, increasing end-user demand, and expanding industries are expected to boost the growth of the market in this region. North America is currently leading Europe with a market share of 29.41% and 26.44%, are anticipated to show moderate growth in the following years.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Ethanoic Acid Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Ethanoic Acid Market by Types
4 Segmentation of Ethanoic Acid Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Ethanoic Acid Market in Major Countries
7 North America Ethanoic Acid Landscape Analysis
8 Europe Ethanoic Acid Landscape Analysis
9 Asia Pacific Ethanoic Acid Landscape Analysis
10 Latin America, Middle East & Africa Ethanoic Acid Landscape Analysis
11 Major Players Profile
11.1 Celanese Corporation
11.1.1 Celanese Corporation Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 BP Chemicals
11.3 Eastman Chemical Company
11.4 Kyodo Sakusan
11.5 Hebei Zhongxin Chemical
11.6 Hualu Hengsheng Chemical
11.7 Shandong Yankuang Chemical
11.8 Wujing Shanghai Chemical
11.9 Jiangsu SOPO
11.10 Chongqing Yangtze River Chemical
…
Audience:
l Ethanoic Acid manufacturers
l Ethanoic Acid importers and exporters
l Ethanoic Acid traders, distributors, and suppliers
l Raw material suppliers of Ethanoic Acid
l Ethanoic Acid industry associations
l Product managers, Ethanoic Acid industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
What Information does this report contain?
l The report covers the prediction and analysis of the global Ethanoic Acid market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
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