Glacial Acetic Acid Market will grow at a CAGR of 6% during 2020-2026
Posted On July 02, 2020
The Global Glacial Acetic Acid Market is foreseen to grow at a remarkable CAGR of 6% during the year 2020-2026, as estimated by the report from Value Market Research. Glacial acetic acid is an anhydrous or waterless form of acetic acid. It is called glacial acetic acid as at around 16°C temperature it freezes to ice-like crystals. The colourless undiluted acetic acid offers a broad range of pharmaceuticals, food & beverages, inks, paints, and coatings. In vinegar glacial acetic acid is a key ingredient. In many food and beverages, glacial acetic acid is used as a preservative and an acidity regulator. It is used in photographic films and synthetic textiles. In the petrochemical industry, glacial acetic acid is applied as a key chemical for a variety of reactions.
In acetic anhydride production, glacial acetic acid is used as a condensing agent. The prime reason behind the increasing demand is the wide range of applications provided by glacial acetic acid. The factors that are accelerating the global market include increasing consumption of vinegar, growing demand for specialty foods, increasing range of applications in the textile and petrochemical industry.
During COVID-19 pandemic the global glacial acetic acid market is expected to grow at a steady pace as acetic acid is a basic chemical. A wide range of household applications offered by acetic acid is likely to stimulate the market.
The market dynamics covered in the report "Global Glacial Acetic Acid Market Report By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), By End-Use Application (Food Additive, Solvent, Photographic Chemical, Paints & Coating, Textile, Cosmetics, Pharmaceutical Intermediate, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" gives a holistic scope of the market along with the market forecasts. The study researches the historical trends of the industry along with understanding all the geo-economic conditions related to the glacial acetic acid market, thus making the foundation of the report strong and reliable.
By grade the market is segmented into food grade, industrial grade and pharmaceutical grade. On the basis of end-use application the glacial acetic acid market is segmented into food additive, solvent, photographic chemical, paints & coating, textile, cosmetics, pharmaceutical intermediate and others.
The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the glacial acetic acid market.
The Report Segments Global Glacial Acetic Acid Market -
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
By End-Use Application
- Food Additive
- Photographic Chemical
- Paints & Coating
- Pharmaceutical Intermediate
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Celanese Corporation, LyondellBasell Industries Holdings B.V., Eastman Chemical Company, Dow, Lotte BP Chemcals Co. Ltd., BASF SE, Jiangsu Sopo (Group) Co., Ltd., Shanghai Wujing, Eurochem.
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