15th November, 2018- Acetic Acid Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. An organic compound with the chemical formula CH3COOH is referred to Acetic Acid. It is also known as ethanoic acid and methane carboxylic acid. It is a colorless liquid, sour in taste that has a strong and distinct pungent. It is an essential industrial chemical and is used in the production of several products.
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The factors that propel the growth of the United States Acetic Acid Market include increasing demand, rapid urbanization & industrialization, and product development & technological innovations. In addition, some of the key factors that drive the market growth include rising demand for acetic acid in rubber, construction, plastics, paint, pharmaceutical, and other industries. Moreover, growing demand for acetic acid in food industry for vinegar contributes to the market growth.
Furthermore, soaring demand for Purified Terephthalic Acid (PTA) and Vinyl acetate monomer (VAM) in packaging and textile industry for polyester production is impelling the United States Acetic Acid Industry growth. Also, acetic acid is used to manufacture cellulose acetate for photographic film. On the other hand, there are also factors that may hamper the market growth such as high concentration of acetic acid can be harmful to aquatic life, plants & animals, corrosive to metals, decreased performance at low temperature, and irritation to skin.
United States Acetic Acid Industry is classified on the basis of product type, applications, distribution channel and geography. This market is segmented by product type as Food Grade and Industrial Grade. Acetic Acid Industry is classified on applications as Food and Beverages, Paints and Coating, Pharmaceuticals and others.
Acetic Acid Industry is segmented by distribution channel as online stores, specialty stores and others. United States Acetic Acid Market is classified on the basis of geography as The West, Southwest, The Middle Atlantic, New England, The South and The Midwest. Some of the key players that fuel the growth of the market include Anhui Huayi, BP, Celanese, CNPC, CCP, CPDC, Daicel, Eastman, GNFC, HualuHengsheng, Jiangsu Sopo, Kingboard Chemical, LyondellBasell, MSK a.d.Kikinda, Sipchem, Tianjin Soda Plant, Wacker Chemie, Wujing Chemical, Yanchang Petroleum, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Geographically, this report splits the United States market into seven regions:
• The West
• The Middle Atlantic
• New England
• The South
• The Midwest
with sales (volume), revenue (value), market share and growth rate of Acetic Acid in these regions, from 2013 to 2025 (forecast).
United States Acetic Acid market competition by top manufacturers/players, with Acetic Acid sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
• Wacker Chemie
• MSK a.d.Kikinda
• Jiangsu Sopo
• Wujing Chemical
• Kingboard Chemical
• Yanchang Petroleum
• Tianjin Soda Plant
• Anhui Huayi
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Food Grade
• Industrial Grade
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
• Paints and Coating
• Food and Beverages