According to Fortune Business Insights, The global acetic acid market size is expected to reach USD 13.79 billion by 2027, exhibiting a CAGR of 8.4% during the forecast period. The rising consumption of solvents such as VAM in the chemical industry for paints & coatings, adhesives & sealants will bolster the healthy growth of the market, states Fortune Business Insights, in a report, titled “Acetic Acid Market Size, Share & Industry Analysis, By Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ester Solvents, Acetic Anhydride, Others), and Geography Forecast, 2020-2027.”
The acetic acid market size stood at USD 8.34 billion in 2019 and is to reach USD 13.79 billion by 2027 during the forecast period.
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The report on the acetic acid marketinvolves:
- Greater insights into the market
- Profound analysis of the segments
- Market drivers and restraints
- Comprehensive information about prominent players
- Dominant regions
- COVID-19 drastic effect on the market
Market Driver:
Advancements in Polymer Development to Bolster Growth
The growing technological advancements in polymers and products made out of VAM will significantly aid the expansion of the market. The growing demand for VAM in the production of ethylene vinyl alcohol (EVOH), a barrier resin in food packaging, gasoline tanks, and other engineering polymers will have an excellent effect on the market. Some other VAM derivatives such as vinyl chloride-vinyl acetate copolymers have applications in adhesives & sealants, which, in turn, will bolster the health of the market. Moreover, It also has applications in adhesive due to adhesion properties to different substrates that include wood, paper, metals, and plastic films.
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/acetic-acid-market-103386
Decreased Production to Hamper Market in COVID-19 Pandemic
The reduced production of chemicals has negatively impacted on the market growth. The shutdown of factories due to a shortage of laborers and diminished supply of raw materials can dwindle the sales, in turn, affecting the growth of the market. However, the demand for ethanoic acid alongside the high consumption of sanitizers will subsequently aid in the recovery of the business amid coronavirus. Besides, health and safety concerns in healthcare facilities will further improve the prospects of the market in the near future.
Regional Analysis:
Heavy Investments in Polymers to Promote Growth in Asia Pacific
The market in Asia Pacific is expected to hold the largest share in the global market owing to the rising polymer formulations in the region. The chemical is a key raw material used for the production of polymers in industries across Japan, China, and India. China is a major leader in polymers and chemicals. China's capacity further helps in the high production of ethanoic acid. According, to Chemical Market Associates, Inc. (CMAI) 400,000 tons per year demand is in China, from the global average demand. The improving construction industry in India is expected to further boost growth in the region. Europe is expected to hold a significant share during the forecast period owing to the rising demand from end-use sectors. The growingimport activities will aid expansion in Europe. Moreover, the high production of methanol carbonylation, which has accounted for up to 65% of the world capacity, and other process oxidation of acetaldehyde by German producer Wacker will significantly create opportunities for the market in the region.
Key Development:
October 2019:BP and China’s Zhejiang Petroleum and Chemical Corporation (ZPCC) announced a memorandum of understanding (MOU) for exploring the creation of an equally-owned joint venture between the companies to build and operate 1 million tons per annum of the acetic acid plant in eastern China.
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The global acetic acid market size is expected to reach USD 13.79 billion by 2027, exhibiting a CAGR of 8.4% during the forecast period.
The rising consumption of solvents such as VAM in the chemical industry for paints & coatings, adhesives & sealants will bolster the healthy growth of the market, states Fortune Business Insights, in a report, titled “Acetic Acid Market Size, Share & COVID-19 Impact Analysis, By Application (Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Ester Solvents, Acetic Anhydride, Others), and Regional Forecast, 2020-2027.” The market size stood at USD 8.34 billion in 2019.Market Driver:Advancements in Polymer Development to Bolster GrowthThe growing technological advancements in polymers and products made out of VAM will significantly aid the expansion of the market.
The growing demand for VAM in the production of ethylene vinyl alcohol (EVOH), a barrier resin in food packaging, gasoline tanks, and other engineering polymers will have an excellent effect on the market.
Some other VAM derivatives such as vinyl chloride-vinyl acetate copolymers have applications in adhesives & sealants, which, in turn, will bolster the health of the market for acetic acid.
Moreover, It also has applications in adhesive due to adhesion properties to different substrates that include wood, paper, metals, and plastic films.Decreased Production to Hamper Market in COVID-19 PandemicThe reduced production of chemicals has negatively impacted on the market growth.
The shutdown of factories due to a shortage of laborers and diminished supply of raw materials can dwindle the sales, in turn, affecting the growth of the market.
The Global Propylene Oxide Market is forecast to reach USD 27.24 Billion by 2028, according to a new report by Reports and Data.
Propylene oxide is an organic flammable, volatile, and colorless liquid compound that is soluble in both alcohol and ether.
The compound is used as an intermediate for the manufacture of various commercial products.Increase in demand for the product by various end-use industries such as constructions, packaging, automotive, furnishings, and textiles is anticipated to patronize the growth of the market in the coming years.
The market is mainly driven by the growth in demand for polyether polyols, rising demand owing to the increase in its applications, huge investment in infrastructural spending, and an increase in the demand for automotive products.Propylene oxide finds its application in tub-shower, gasoline tanks, and boat hulls.
Rise in the consumption of products that include polyalkylene glycols, popylene glycols, and propylene glycol ethers will propel market expansion.
Propylene Oxide is used in adhesives, grouts, paints, coatings, waterproofing materials in both the construction and infrastructure industry.Increase in construction in emerging, and developed nations such as China, India, Brazil, Saudi Arabia, UAE, and Qatar will influence the growth of the market.Propylene oxide is also used in various end-use products such as hydraulic fluids, automotive coolants, engineering fibers, and plastics.
The global geographic information system (GIS) market is anticipated to reach USD 11.2 billion by 2025, according to a new report by Grand View Research, Inc.
The rising adoption of GIS in infrastructure development, urban planning, and smart cities coupled with increasing location-based services are some of the key drivers of the GIS market.GIS is a computerized system that connects data with geography.
Several decisions are taken using GIS, right from tracking a store location to predicting climate change and analyzing a crime pattern.
GIS helps users to link the data with geographic location to gain spatial insights from the extracted data.The growing integration of GIS with conventional technologies has enhanced the business intelligence of companies.
Moreover, the integration of GIS with IoT devices provides accurate data to users using the geospatial data analysis.
For instance, an IoT-enabled valve can be monitored from anywhere around the globe using geospatial data.The demand for location-based services, such as real-time status and control of a valve, have been on a rising curve around the globe.
Reports and Data has recently added a new report titled “Global Thickeners Market Research Report 2021” to its ever expanding repository which offers a comprehensive overview of the Thickeners market including current and emerging trends, consumer behavior patterns, competitor strategies, brand promotions and product launches, among others.
The study also offers a comprehensive outlook for the driving and restraining factors along with micro and macro-economic factors expected to affect the growth of the industry.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/280 The investigative report on the Thickeners market assesses the global market for Thickeners industry and offers estimates for the market in terms of revenue and capacity for the forecast period 2021-2028.
The report also analyzes the key companies engaged in the industry along with their product portfolio, business overview, strategic expansion plans, revenue generation, market share and size, regional presence, and production and manufacturing capacity.
It also offers details about the recent mergers and acquisitions, joint ventures, collaborations, partnership, agreements, brand promotions, and product launches, among others.Materials and chemicals industry deals with the production and manufacturing of raw materials and chemicals for every end-use industry.
Furthermore, rising number of product approvals, launches, and strategic alliances have significant contributed to market growth.
The report offers an extensive database for technological developments and product advancements.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/280 In market segmentation by manufacturers, the report covers the following companies-AshlandADMCP KelcoFMC CorpCargillBASFDuPontDowIngredionAkzo NobelCelaneseEastmanPPGLubrizolHenkelTate & LyleGracePQ CorpBYKElementisIn market segmentation by types of thickeners, the report covers-Inorganic ThickenerCellulose EtherSynthetic PolymerNatural Polymer and Its DerivativesOthersIn market segmentation by applications of the thickener, the report covers the following uses-Food & BeveragesPaints & CoatingsCosmeticsMedicineDetergentRequest a customization of the report @ https://www.reportsanddata.com/request-customization-form/280Key Questions Answered by the Report:What market segment is expected to register the highest growth in the forecast period?What are the risks and threats that are affecting the market?Which region is expected to dominate other regions over the forecast period?Who are the prominent players of the industry?
According to Fortune Business Insights The global surfactants market size is expected to reach USD 60,500.4 million by 2027, exhibiting a CAGR of 4.9% during the forecast period.
The growing awareness about personal health and hygiene will spur lucrative growth opportunities for the market, states Fortune Business Insights, in a report, titled “Surfactants Market Size, Share & Industry Analysis, By Type (Anionic, Nonionic, Cationic, and Amphoteric), By Application (Home Care, Personal Care, Textile, Food & Beverages, Industrial Cleaning, Plastics, and Others), and Geography Forecast, 2020-2027.” The surfactants market size stood at USD 44,157.4 million in 2019 and is expected to reach USD 60,500.4 million by 2027, exhibiting a CAGR of 4.9% during the forecast period.
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