Glacial Acetic Acid Market

2019 Analysis and Review of Glacial Acetic Acid Market by Grade - Food Grade, Industrial Grade, and Pharmaceutical Grade for 2019 - 2029

  • 2020-04-10
  • REP-GB-11257
  • 23 Tables
  • 97 Figures
  • 300 pages
  • PDF PPT EXCEL
Glacial Acetic Acid Market

An Incisive, In-depth Analysis on the Glacial Acetic Acid Market

This study offers a comprehensive, 360 degree analysis on the Glacial Acetic Acid market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Glacial Acetic Acid market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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An Incisive, In-depth Analysis on the Glacial Acetic Acid Market

This study offers a comprehensive, 360 degree analysis on the Glacial Acetic Acid market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Glacial Acetic Acid market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Global glacial acetic acid market is strengthened by variegated end-use applications such as food & beverages, inks, coatings, paints, vinegar, and pharmaceuticals. The market is projected to witness solid growth at approximately 6.5% CAGR over the forecast period (2019-2029). Moreover, glacial acetic acid is utilized for the production of propylene terephthalate, aniline, synthetic camphor, and terephthalic acid.

In food & beverages industry, glacial acetic acid is used as a preservative which is a key factor driving growth. Moreover, rising consumer expenditure, shifting consumer lifestyles, and greater net worth income is shaping the glacial acetic acid market. Pharmaceutical applications are increasingly adopting glacial acetic acid as a chief ingredient as well.

Food Preservation Invigorates Demand for Glacial Acetic Acid

Role of glacial acetic acid as an acidity regulator in food & beverages is gaining traction. Moreover rising population accentuates greater demand for food & beverages. Vinegar is increasingly becoming popular in households, which has glacial acetic acid as a chief ingredient. Further, glacial acetic acid is deployed in the fabrication of acetic anhydride.

Glacial acetic acid is used as a condensing agent in acetic anhydride production. Manufacturers prefer glacial acetic acid in view of relatively low price point of raw materials. The wide spectrum of household applications continues to fuel the consumption of glacial acetic acid. Hence, food & beverages industry will witness an upward growth trajectory in glacial acetic acid market.

Versatility of Glacial Acetic Acid to Strengthen Market through 2029

In the light of its unique properties, glacial acetic acid is used in a wide array of applications. For instance, purified terephthalic acid and vinyl acetate monomer are manufactured from glacial acetic acid. Both of these compounds are essential for manufacturing adhesives, sealants, and PET. Various end-use industries are scaling up the consumption of glacial acetic acid in view of heightening demand.

Besides, rapid industrialization necessitates the demand for adhesives and sealants. Emerging economies in particular are boosting the demand for glacial acetic acid as construction undertakings proliferate. In addition, PET has gained paramount importance in the packaging industry which will further augment the sales of glacial acetic acid through the forecast period

Asia Pacific Leads Global Market Share for Glacial Acetic Acid

Countries such as India, Japan and China are key growth drivers of glacial acetic acid in Asia Pacific. Changing lifestyles and increasing health concerns are key growth parameters of regional glacial acetic acid market. Moreover, technological innovations associated with manufacturing process are completing the market growth in Asia Pacific.

On the other hand, North America will register significant CAGR through the duration of forecast period. Established end-use industries in this region will strengthen the regional market through 2029. Increasing production of oil and gas is a significant growth contributor of Asia Pacific glacial acetic acid market.

Prominent Players Look through Sustainable Transition through 2029

Some of the prominent market players featured in this report include, Hawkins, Inc., MP Biomedicals, BASF SE, OM Group, Inc., Eastman Chemical Company, Celanese Corporation, Innova Corporate (India), Spectrum Chemical Mfg. Corp., British Petroleum, China Great Wall Energy Co, Sinopec Great Wall Energy and Chemical, and Reliance.

In view of rapidly evolving competitive landscape, major players are focused on adapting through sustainable transition.  Sales execution strategies, efficient pricing and innovation will be strategic focal point of market leaders during the forecast period.

Potential Impact of COVID-19 Impact

Acetic acid and a few other basic chemicals that have a diverse application range generally fall at the starting point of value chains in several chemical industry markets. While COVID-19 pandemic is posing an abrupt impact on manufacturing units across the chemical industry, the scenario of basic chemical manufacturers still looks positive, over the next quarter. Manufacturers of glacial acetic acid are prioritizing reduced dependence on China hereafter.

A recent market study published by Future Market Insights on the glacial acetic acid market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the glacial acetic acid market are obtained with maximum precision.

Glacial Acetic Acid Market: Segmentation

The global glacial acetic acid market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Grade

End-use Application

Region

  • Food grade
  • Industrial grade
  • Pharmaceutical grade
  • Food additive
  • Solvent
  • Photographic Chemical
  • Paints & Coating
  • Textile
  • Cosmetics
  • Pharmaceutical Intermediate
  • North America
  • Latin America
  • Europe
  • MEA
  • Asia Pacific

Report Chapters

Chapter 01 - Executive Summary

The report begins with an executive summary of the glacial acetic acid market, which includes key findings and statistical analysis of the market.

Chapter 02 - Market Overview

Readers can find the definition and detailed taxonomy of the market in this chapter, which will help them understand the basic information about the market.

Chapter 03 - Demand Analysis 2014-2018 and Forecast, 2019-2029

This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical market, along with opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).

Chapter 04 - Pricing Analysis

This section covers pricing analysis of the glacial acetic acid market at the regional level.

Chapter 05 - Market Background

This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029 and the key macroeconomic factors that are expected to influence growth of the market during the forecast period. This section also highlights the opportunity analysis for the market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the market.

Chapter 06 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Region

This chapter explains how the market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Asia Pacific, Middle East and Africa (MEA).

Chapter 07 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Grade

This chapter provides details about the market based on grade, and has been classified into food grade, industrial grade, and pharmaceutical grade. Through this chapter, readers can understand market attractiveness analysis based on grade.

Chapter 08 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Application

This chapter provides details about the market based on application, and has been classified into Food additive, Solvent, Photographic Chemical, Paints & Coating, Textile, Cosmetics, and Pharmaceutical Intermediate. Through this chapter, readers can understand market attractiveness analysis based on application.

Chapter 09 - North America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029

This chapter includes detailed analysis of the growth of the North America market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on grade, application and countries in North America.

Chapter 10 - Latin America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029

This chapter provides the growth scenario of the market in countries in Latin American such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.

Chapter 11 - Europe Market Analysis 2014-2018 and Opportunity Assessment 2019-2029

Important growth prospects of the market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the rest of Europe are included in this chapter.

Chapter 12 - MEA Market Analysis 2014-2018 and Opportunity Assessment 2019-2029

This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.

Chapter 13 - Asia Pacific Market Analysis 2014-2018 and Opportunity Assessment 2019-2029

Leading countries in the Asia Pacific region are prime subjects of assessment to obtain growth prospects of the Asia Pacific market in this chapter. Readers can find detailed information about growth parameters of the Asia Pacific market during the forecast period.

Chapter 14 - Emerging Countries Market Analysis 2014-2018 and Forecast 2019-2029

This chapter explains how the market is anticipated to grow across various emerging countries such as China, and India.

Chapter 15 - Market Structure Analysis

In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the market, along with their market presence analysis by region and product portfolio.

Chapter 16 - Competition Analysis

In this chapter, readers can find detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in this report are Hawkins, Inc., OM Group, Inc., MP Biomedicals, Eastman Chemical Company, Celanese Corporation, BASF SE, Innova Corporate (India), British Petroleum, Sinopec Great Wall Energy and Chemical, Spectrum Chemical Mfg. Corp., China Great Wall Energy Co, and Reliance.

Chapter 17 - Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the market report.

Chapter 18 - Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the market. The report focuses on glacial acetic acid consumed in the Chemicals & Materials industry.

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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