The global Acetic Acid Market to reach $13.3 billion by 2022. Rising production of vinyl acetate monomer (VAM) as a result of growth in automotive and construction industries of emerging economies including China and India is expected to remain a key driving force.
Acetic acid finds applications as a precursor for the production of numerous compounds including camphor, mono chloroacetic acid, photographic chemicals and diketene require acetic acid. The aforementioned compounds are further processed to produce greases, adhesives, sealants and coatings. Growing importance of preventive maintenance in the manufacturing sector is expected to promote the usage of lubricating greases, protective coatings and sealing agents which thus, in turn, will have a positive impact.
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Growing demand for water-based paints & coatings in automotive and construction industries owing to rising awareness towards eco-friendly products is expected to promote the use of polyvinyl acetate, polyvinyl alcohol, and ethyl vinyl acetate. Furthermore, significant gains in VAM market as a result of increasing applications in construction, automobiles and furniture industries is projected to have a substantial impact.
PTA (Pure Terephthalic Acid) is used as a precursor along with mono-ethylene glycol for the production of PET, and processed for manufacturing carbonated soft drinks (CSD) bottles, automotive ancillaries, and electronic consumables. The increment in sales volumes of CSD in developed markets including the U.S. and Germany on account of new product launches such as Diet Coke is expected to fuel the demand for PTA, and thus, in, the turn will augment acetic market growth.
Over the past few years, vinegar has emerged as a culinary ingredient for the production of functional food. Rising awareness among consumers toward the health benefits of vinegar is expected to have a positive impact on industry.
Application insights:
VAM accounted for over 25% of global acetic acid industry share in 2015. Rising demand for VAM as a precursor for the production of adhesives on account of exhibiting superior properties including enhanced adhesion, fiber forming, optical and electrical properties is expected to have a positive impact on the industry.
Growing demand for biaxially oriented PET film in food packaging and thermal insulation applications is projected to have a substantial impact. However, rising spending towards toward the development of 100% bio-based PET by CSD companies including Coca-Cola Company is expected to force PTA manufacturers to prefer bio-based paraxylene as raw material over acetic acid and thus, in turn, will pose a significant challenge.
The increasing acceptance of advanced polyesters in the textile sector on account of providing excellent properties of breathability, and durability as compared to other conventional polymers is expected to open new markets. Growing importance of diluents and eco-friendly solvents including acetate esters in food & beverage industry as a result of high market visibility in developing countries including China and India is expected to expand the demand for acetic-based product forms.
Regional Insights:
The acetic acid market in China was 5,391.4 kilo tons in 2015 and is expected to witness significant gains on account of strong foothold of VAM and acetate esters on a domestic level. Furthermore, the positive outlook towards packaging industry as a result of significant gains in application segments including food & beverage and pharma is expected to drive the market.
North America accounted for 15.9% of global volume share in 2015. Significant improvement in automotive sector of the Mexico as a result of new product launches in four wheeler segments by Nissan is expected to increase the consumption of VAM and thus, in turn, will fuel acetic acid demand in the near future.
Competitive Insights:
Key acetic acid market participants include Eastman Chemicals, British Petroleum, Saudi International Petrochemicals, Celanese, DuPont, Wacker Chemie, Jiangsu Sopo (Group) Co., Ltd. In April 2016, AkzoNobel and Atul Limited announced the establishment of new mono chloroacetic acid manufacturing unit in Gujrat, India. This facility is expected to serve the food & beverage, pharma, and agriculture application segments and will open new markets over the forecast period.
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The global acetic acid market will reach to $13.3 billion by 2022.
Rising production of vinyl acetate monomer (VAM) as a result of growth in automotive and construction industries of emerging economies including China and India is expected to remain a key driving force.Acetic acid finds applications as a precursor for the production of numerous compounds including camphor, mono chloroacetic acid, photographic chemicals and diketene require acetic acid.
Growing importance of preventive maintenance in the manufacturing sector is expected to promote the usage of lubricating greases, protective coatings and sealing agents which thus, in turn, will have a positive impact.Growing demand for water-based paints & coatings in automotive and construction industries owing to rising awareness towards eco-friendly products is expected to promote the use of polyvinyl acetate, polyvinyl alcohol, and ethyl vinyl acetate.
Furthermore, significant gains in VAM market as a result of increasing applications in construction, automobiles and furniture industries is projected to have a substantial impact.Request a Free Sample Copy of Acetic Acid Market Report @ https://www.millioninsights.com/industry-reports/acetic-acid-market/request-samplePTA (Pure Terephthalic Acid) is used as a precursor along with mono-ethylene glycol for the production of PET, and processed for manufacturing carbonated soft drinks (CSD) bottles, automotive ancillaries, and electronic consumables.
The increment in sales volumes of CSD in developed markets including the U.S. and Germany on account of new product launches such as Diet Coke is expected to fuel the demand for PTA, and thus, in, the turn will augment acetic market growth.Over the past few years, vinegar has emerged as a culinary ingredient for the production of functional food.
Rising demand for VAM as a precursor for the production of adhesives on account of exhibiting superior properties including enhanced adhesion, fiber forming, optical and electrical properties is expected to have a positive impact on the industry.Growing demand for biaxially oriented PET film in food packaging and thermal insulation applications is projected to have a substantial impact.
5 February 2020 - The global Acetic Acid Market to reach $13.3 billion by 2022.
Rising production of vinyl acetate monomer (VAM) as a result of growth in automotive and construction industries of emerging economies including China and India is expected to remain a key driving force.Acetic acid finds applications as a precursor for the production of numerous compounds including camphor, mono chloroacetic acid, photographic chemicals and diketene require acetic acid.
Growing importance of preventive maintenance in the manufacturing sector is expected to promote the usage of lubricating greases, protective coatings and sealing agents which thus, in turn, will have a positive impact.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/acetic-acid-marketGrowing demand for water-based paints & coatings in automotive and construction industries owing to rising awareness towards eco-friendly products is expected to promote the use of polyvinyl acetate, polyvinyl alcohol, and ethyl vinyl acetate.
Furthermore, significant gains in VAM market as a result of increasing applications in construction, automobiles and furniture industries is projected to have a substantial impact.PTA (Pure Terephthalic Acid) is used as a precursor along with mono-ethylene glycol for the production of PET, and processed for manufacturing carbonated soft drinks (CSD) bottles, automotive ancillaries, and electronic consumables.
The increment in sales volumes of CSD in developed markets including the U.S. and Germany on account of new product launches such as Diet Coke is expected to fuel the demand for PTA, and thus, in, the turn will augment acetic market growth.
Over the past few years, vinegar has emerged as a culinary ingredient for the production of functional food.
Industry InsightsThe global Carotenoids Market was estimated at USD 1.21 billion in the year 2015 and is likely to witness significant growth, due to its increasing usage in numerous applications such as food, dietary supplements, animal feed, cosmetics and pharmaceuticals.
Growing health awareness among consumers has led to increased usage of natural food products and nutritive supplements.
These organic pigments have found a rising usage in dietary supplements, due to growing health issues among the younger and older working populace groups that are aged in the range of 18 to 64 years.Tetraterpenoids are commercially available in orange, yellow and red colors.
The orange colored products include alpha-, beta-, and gamma-carotene, while the red and yellow ones include lycopene and lutein respectively.
Animal feed, cosmetics and pharmaceuticals are the next major uses of the market.Treatment of diabetes, eye disorders and cancer is likely to drive the demand of tetraterpenoids during the forecast period.
Increasing research activities for developing high value natural carotenoids is expected to offer considerable growth opportunities in the industry during the forecast period.
Nov 08, 2019- Million Insights Market Research has published a new report titled ‘Acetic Acid Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Acetic Acid market report helps analyze trends and significant developments in the industry.The global acetic acid market to reach $13.3 billion by 2022.
Rising production of vinyl acetate monomer (VAM) as a result of growth in automotive and construction industries of emerging economies including China and India is expected to remain a key driving force.Request a PDF Sample @ https://www.millioninsights.com/industry-reports/acetic-acid-market/request-sampleAcetic acid finds applications as a precursor for the production of numerous compounds including camphor, mono chloroacetic acid, photographic chemicals and diketene require acetic acid.
Growing importance of preventive maintenance in the manufacturing sector is expected to promote the usage of lubricating greases, protective coatings and sealing agents which thus, in turn, will have a positive impact.Growing demand for water-based paints & coatings in automotive and construction industries owing to rising awareness towards eco-friendly products is expected to promote the use of polyvinyl acetate, polyvinyl alcohol, and ethyl vinyl acetate.
Furthermore, significant gains in VAM market as a result of increasing applications in construction, automobiles and furniture industries is projected to have a substantial impact.PTA (Pure Terephthalic Acid) is used as a precursor along with mono-ethylene glycol for the production of PET, and processed for manufacturing carbonated soft drinks (CSD) bottles, automotive ancillaries, and electronic consumables.
The increment in sales volumes of CSD in developed markets including the U.S. and Germany on account of new product launches such as Diet Coke is expected to fuel the demand for PTA, and thus, in, the turn will augment acetic market growth.Over the past few years, vinegar has emerged as a culinary ingredient for the production of functional food.
Rising awareness among consumers toward the health benefits of vinegar is expected to have a positive impact on industry.Application insights:VAM accounted for over 25% of global acetic acid industry share in 2015.
The scope of the global Soup Market was prized by US$ 16.1 billion in 2018 and is estimated to reach USD 19.8 billion by 2025, with a CAGR of 3.0% during the period of forecast.
The soup is a liquid nourishment usually served as a speedy meal in hot condition.
By Product, it can be classified as UTH, Canned, Dried, Instant, Dehydrated, Preserved, Canned, Frozen, Canned and Others.
The state posted profit of US$ 6.4 billion in 2018.
Some of the important companies for soup market are Baxter’s Food Group Limited, Bear Creek Country Kitchens LLC, TSC Foods, Nestlé, Campbell Soup Company, and Associated British Foods PLC.
Additional notable companies are Kraft Heinz Canada, Unilever Food Solutions, CSC BRANDS LP, General Mills Inc., Con Agra Brands Inc., Symington's Ltd., Premier Foods, Hain Celestial, Kettle Cuisine LLC, The Original Soup man, The Kroger Co., AMY's Kitchen Inc., Maruchan Inc., and others.
Rising acceptance, particularly in Latin America, Asia Pacific, and the Middle East, are anticipated to drive the growth of the market.
Numerous benefits together with longer stability along with reliability are also expected to help the growth of the industry over the coming yearsGrowing disposable income of the consumer, predominantly in countries such as China, Brazil along with India coupled with the increasing need for faster transportation facilities may elevate the demand for the elevator.
The elevator industry is hovering for growth owing to superior control of elevator traffic and the growing requirement for improved energy efficiency worldwide.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/smart-elevator-marketExpansion of products that utilize renewable energy sources is likely to offer new development avenues in the upcoming years.
Extensive usage in different sector like industrial, commercial as well as residential areas is further liable to drive the growth of the market.
Elevator access control & security market helped in accounting more than 35% of the overall share in 2014, but this proportion may decrease over the coming years.Maintenance segment is estimated to demonstrate considerable development in upcoming few years which may credit to increasing maintenance related activities of already installed products in mature markets such as North America along with Europe.Application InsightsResidential segment has for over 20% of the total revenue share in 2014 which is anticipated to rise over the forecast period.
Industrial segment is probable to appear as the fastest growing application in next few years owing to the mounting demand for energy-efficient solutions which results in increasing acceptance.The commercial segment may observe significant development over the given forecast period due to advantages such as reduced operational cost, low power consumption, and cost savings.View Full Report with TOC @ https://www.millioninsights.com/industry-reports/smart-elevator-market/request-sampleRegional InsightsIn 2014 North America smart elevator market was a leading regional segment as well as accounted for more than 40% of the revenue.
