Acetic acid has been classified as a weak acid and has numerous applications in various industries like pharmaceutical, construction, water treatment, rubber, plastics, etc. Vinegar, which is dilute acetic acid, is used as a food ingredient in kitchen. Acetic acid is also used in the manufacture of vinyl acetate monomer (VAM), purified terepthalic acid (PTA), acetate esters, etc. According to a new report by Expert Market Research, the global acetic acid market reached a volume of 17.28 Million Tons in 2019 and is further expected to reach a volume of around 24.51 Million Tons by 2025.
The production of acetic acid has observed a significant growth during 2015-2019. VAM, the largest end-use industry of acetic acid, is used in manufacture of a number of polymers and resins for coatings, adhesives, paints, etc. As a result, the production of acetic acid is booming. Moreover, the rise in the production of other end-products such as PTA, ethylene-vinyl acetate (EVA) copolymers, ethyl acetate and butyl acetate, etc. involving the consumption of acetic acid has also led to an increase in its demand. Population growth, emerging markets and government policies are some of the other factors stimulating the market growth.
Key findings from the report:
Expert Market Research has analysed the global acetic acid market according to end-use, major regions and top players:
Market breakup by End-use
Market breakup by Region
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"Acetic Acid Market: By Region: China, North America, Western/Eastern Europe, North East Asia, South East Asia, Middle East & Africa; By End-Use Industries: Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Anhydride, Ethyl Acetate, Butyl Acetate; Value Chain Analysis; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); Competitive Landscape; Market Analysis"
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