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 growth, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Asia Pacific Acetic Acid Market?

What is Acetic Acid?

Acetic acid, known by various names, including methane carboxylic acid and ethanoic acid, is a liquid chemical that possesses a sour taste and emits a pungent odor. Its production can be accomplished through fermentation, ethanol oxidation, chemical synthesis, or by breaking down carbohydrates and fats. Acetic acid helps to regulate blood acidity levels. It has a clear, colorless appearance and strongly resembles the scent of vinegar. Acetic acid acts as a polar solvent, effectively dissolving both polar and nonpolar compounds. It even serves as a reagent in the synthesis of active pharmaceutical ingredients (APIs), such as acetylsalicylic acid (aspirin) and acetaminophen. Acetic acid is used in the manufacturing of specific pharmaceutical products, which include vitamins, antibiotics, and others. Consequently, it finds extensive applications across numerous sectors, including pharmaceuticals, plastics and polymers, food and beverage (F&B), paints and coatings, chemicals, pharmaceuticals, etc.

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What are the Growth Prospects and Trends in the Asia Pacific Acetic Acid Industry?

The Asia pacific acetic acid market is experiencing significant growth on account of the increasing use of acetic acid as a feedstock for several chemicals, such as vinyl acetate, acetic anhydride, and acetate esters. Furthermore, the market is benefiting from the growing application of the product in the production of coatings, greases, polyesters, and sealants, which are utilized in diverse industry verticals, including electronics, automobiles, textiles, and packaging. Additionally, the escalating usage of acetic acid in the preparation, storage, and preservation of processed food products is also positively influencing the market growth. Besides this, the market is driven by the expanding adoption of acetic acid in the production of purified terephthalic acid (PTA), owing to the rising popularity of lightweight and recyclable polyethylene terephthalate (PET) bottles. Moreover, the elevating employment of the acid in the automobile industry for the manufacturing of anti-freeze and coolant fluids, complemented, is further propelling the regional market. Apart from this, the inflating consumption of vinegar for its perceived benefits in weight management, blood pressure regulation, and the control of blood sugar and cholesterol levels is 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

Breakup by End Use Industry:

• Plastics & Polymers
• Food & Beverage
• Inks, Paints & Coatings
• Chemicals
• Pharmaceuticals
• Others

Breakup by Country:

• 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.

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.

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