IMARC Group, a leading market research company, has recently released a report titled “Asia Pacific Acetic Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Asia Pacific acetic acid market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Asia Pacific Acetic Acid Market?
The Asia Pacific acetic acid market size reached 10.8 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 12.1 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.7% during 2023-2028.
What is Acetic Acid?
Acetic acid, alternatively referred to as methane carboxylic and ethanoic acid, possesses a pungent aroma and imparts a sour taste. It can be generated through processes, such as fermentation, ethanol oxidation, or chemical synthesis. Acetic acid is transparent and colorless, emitting a vinegar-like odor while exhibiting corrosive properties toward tissues and metals. It can undergo reactions with alcohol to form esters, with metals to form acetates, and with bases to yield acetate salts. In addition to this, acetic acid serves as a reagent in synthesizing active pharmaceutical ingredients (APIs) like acetylsalicylic acid (commonly known as aspirin) and acetaminophen. As a result, this compound finds widespread applications in the production of specific pharmaceutical products, including vitamins, antibiotics, and various other drugs.
Request For a PDF Sample Report: https://www.imarcgroup.com/asia-pacific-acetic-acid-market/requestsample
What are the Growth Prospects and Trends in the Asia Pacific Acetic Acid Industry?
The escalating product need for the production of vinegar which is associated with maintaining blood sugar levels and reducing weight, the rising consciousness in individuals towards the benefits associated, and the high cases of diabetes and obesity in the region are among the primary factors driving the Asia Pacific acetic acid market. Besides this, the elevating requirement for this substance in manufacturing coatings, greases, polyesters, and sealants that find utilization in several industries, including electronics, automobiles, textiles, and packaging, is further augmenting the market growth. Moreover, acetic acid is extensively used for the early hydration of off-white Portland cement, owing to the prevalence of cold weather conditions, which is also catalyzing the market across the Asia Pacific. Apart from this, the expanding construction sector and the growing demand for paints and coatings, on account of the inflating population, are expected to bolster the Asia Pacific acetic acid market in the coming years.
What is Included in Market Segmentation?
The report has categorized the market based on application and end use industry.
Breakup by Application:
- VAM
- PTA
- Anhydride
- Ethyl Acetate
- Butyl Acetate
- Others
Analysed by End Use Industry:
- Plastics & Polymers
- Food & Beverage
- Inks, Paints & Coatings
- Chemicals
- Pharmaceuticals
- Others
Countries Covered:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Who are the Key Players Operating in the Asia Pacific Acetic Acid Market?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3139&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
