The Acetic Acid market crossed US$ 9 billion mark in 2022 and is expected to hit US$ 13 billion by 2030, recording a CAGR of 5.0% during the forecast period.
Paints and coatings are used widely to impart aesthetic feasibility to substrates. In addition, they also affect their functionality in terms of wettability, corrosion resistance and adhesion. Paints & coatings market is increasingly witnessing innovations for achieving eco-friendly and durable solution with the introduction of nanotechnology and water-borne systems. Vinyl acetate monomer (VAM) is a derivative of acetic acid and is used in producing water-based paints, adhesives, waterproofing coatings, and paper and paperboard coatings. The PTA-based polyesters and polyamides are also used in hot-melt adhesives. PTA is even used in paints as a carrier. The growing demand of paints and coatings industry due to increasing construction activities across the globe is driving the acetic acid market.
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The List of TOP KEY PLAYERS in Acetic Acid Market Report are –
- Celanese Corporation
- Jiangsu SOPO (Group) Co. Ltd
- LyondellBasell Industries Holdings BV
- Eastman Chemical Company
Scope of the report:
In this report, the market has been segmented on the basis of:
- Vinyl Acetate Monomer (VAM)
- Purified Terephthalic Acid (PTA)
- Acetate Esters
- Acetic Anhydride
- Plastics and Polymers
- Food and Beverage
- Paints and Coatings
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
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Key Highlights of the Acetic Acid Market Research Report:
- The report summarizes the Acetic Acid Market by stating the definition, applications, scope, it’s price, supply and demand ratio, and market overview.
- Competitive landscape of all leading key players together with their business strategies, approaches, and latest Acetic Acid market development.
- It elements market investment, opportunities, growth factors, restraints, and market risks.
- It performs a comprehensive study of emerging players in the Acetic Acid business along with the existing ones.
- It accomplishes primary and secondary research and resources to estimate prime products, market size, and industrial partnerships of this business.
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