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. Acetic acid, also known as ethanoic acid, is a colourless liquid organic compound having a characteristic pungent smell and sour taste. It is prepared by bacterial fermentation or oxidation of ethanol.
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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.
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Market breakup by End-use:
- Vinyl Acetate Monomer (VAM)
- Purified Terephthalic Acid (PTA)
- Acetic Anhydride
- Ethyl Acetate
- Butyl Acetate
Market breakup by Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
- BP plc (NYSE: BP)
- Celanese Corporation (NYSE: CE)
- Shanghai Wujing
- Jiangsu Sopo
- Reliance
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