PUBLISHER: Value Market Research | PRODUCT CODE: 1547894
PUBLISHER: Value Market Research | PRODUCT CODE: 1547894
The global demand for Glacial Acetic Acid Market is presumed to reach the market size of nearly USD 19.72 Billion by 2032 from USD 11.56 Billion in 2023 with a CAGR of 6.12% under the study period 2024-2032.
Ethanoic acid, known as acetic acid, is one of the most widely used acids in the food industry. Glacial acetic acid is the anhydrous form of the same. Glacial acetic acid can be converted into crystals, which provides an added advantage of them being packed into bottles. Glacial acetic acid is used in major portions of food preservatives, beverages, vinegar, paints, coatings, and ink, even in some pharmaceuticals. Out of the total global glacial acetic acid consumption throughout the year, 20%-25% is recycled. They have important uses in the production of synthetic camphor, terephthalic acid, aniline, propylene terephthalate, and others like these.
The coronavirus outbreak has caused a surge in demand for added pharmaceuticals in food ingredients for maintaining a healthy immune system. This in turn, has caused a growth in the market for glacial acetic acid. The major driver for glacial acetic acid is its application as a flavoring agent in various foods and beverages. Glacial acetic acid is mainly used in the mass production of vinyl acetate monomer, which has a wide range of uses in the paints, coatings, and textile processing. Therefore, the rise in disposable incomes and the tendency to have a better lifestyle drive the market for glacial acetic acid.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Glacial Acetic Acid. The growth and trends of Glacial Acetic Acid industry provide a holistic approach to this study.
This section of the Glacial Acetic Acid market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Glacial Acetic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Glacial Acetic Acid market include Celanese Corporation, Qingdao Huatuo Chemicals Co. Ltd., Zhengzhou Kelai Chemical Co. Ltd., Ultra Chemical Works, Akchem Eastman Chemical Company, Henan CXH Purity Industrial And Trading Co. Ltd., HarvinImpex Pvt. Ltd., Chemical Point UG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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