The global demand for Glacial Acetic Acid Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
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 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 inclusive assessment of each application/product segment in the global market of glacial acetic acid.
The entire glacial acetic acid market has been sub-categorized into grade and end-use application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End-Use Application
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- Food Additive
- Photographic Chemical
- Paints & Coating
- Pharmaceutical Intermediate
This section covers regional segmentation which accentuates on current and future demand for glacial acetic acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Glacial Acetic Acid Market Share by Region (Representative Graph)
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, LyondellBasell Industries Holdings B.V., Eastman Chemical Company, Dow, Lotte BP Chemcals Co. Ltd., BASF SE, Jiangsu Sopo (Group) Co., Ltd., Shanghai Wujing, Eurochem. This section includes 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.