New Separation Technologies to Boost Acetic Acid Productivity and Demand by gauravgvr89 · December 2 Cheap Jeff Skinner Hat , 2019
As per the report by Grand View Research, Inc., the acetic acid market is poised to rise to a valuation of USD 13.31 billion by 2022. Rising demand for acetic acid in plastic, paint, construction, pharmaceutical Cheap Justin Faulk Hat , rubber, and other industries is anticipated to drive the demand for the global market in the forecast period.
Growing demand for these chemicals is expected to boost the industry development over the forthcoming period. In addition, rising demand for vinyl acetate monomer (VAM) in packaging, textile industry (polyester manufacturing), and purified terephthalic acid (PTA) is also boosting the demand for acetic acid in the years to come.
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Demand for acetic acid as vinegar on account of several health benefits associated with it Cheap Teuvo Teravainen Hoodie , is also anticipated to accelerate in the years to come. Furthermore, the growth of new separation technologies to enhance the productivity can also be a rising opportunity for the market in the near future. Additionally, being a chemical reagent and industrial chemical, acetic acid is similarly used in making cellulose acetate for the photographic film, which is expected to boost the demand in the future. On the other hand, fluctuating raw material prices used in the production of acetic acid and unpredictability in expansion plans are anticipated to hamper the development of the market in the forthcoming period.
China is one of the largest markets for acetic acid on account of a strong manufacturing hub in the region. Furthermore Cheap Jaccob Slavin Hoodie , an optimistic outlook regarding the growth of the manufacturing industry in the region is anticipated to help China maintain its dominance within the global market.
Leading players of the market strategize to acquire various industries in order to hold their position. For example, In June 2015, Saudi International Petrochemical Company planned to gain equities in several companies such as International Vinyl Acetate Company, International Acetyl Company, and Ikarus Petroleum Industries Company.
The leading companies in the acetic acid market include Eastman Chemical Company, Celanese Cheap Victor Rask Hoodie , Henan CXH Purity Industrial and Trading Co. Ltd., Qingdao Huatuo Chemicals Co. Ltd., HarvinImpex Pvt. Ltd. India, Zhengzhou Kelai Chemical Co. Ltd., Ultra Chemical Works, Akchem Cheap Scott Darling Hoodie , Chemical Point UG., and A.B. Enterprises.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions Cheap Elias Lindholm Hoodie , we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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