Acetic Acid: Derivatives and Global Markets to 2023 Summary Acetic acid is one of the simplest carboxylic acids which is a colorless organic compound. It has two carbon (C) atoms, four hydrogen (H) atoms and two oxygen (O) atoms, and consists of a methyl group which is attached to a carboxyl acid. It is also known as ethanoic acid or methanecarboxylic acid and is mainly produced by fermentation, followed by oxidation of ethanol. Acetic acid, at present, is used widely in various industries, the major ones being the production of polymers, pharmaceuticals, as solvents, food additives, lubricants, soaps and detergents, agrochemicals, animal feed, textiles, plastics, lubricant, varnishes, resins, transparent adhesives, cosmetics, personal care products, coatings, rubber, and paint. The global acetic acid market has grown significantly during the past few years and is expected to grow at a more rapid pace in the next five years, mainly driven by the growth of vinyl acetate monomer (VAM) in the food and beverage industry (food packaging, food preservatives). Key Factors Driving the Growth of the Acetic Acid Market ● Increasing Demand for Vinyl Acetate Monomer (VAM) in Developing Countries ● Increasing Demand for Acetic Acid as Vinegar ● Increasing Demand for Packaged/Processed Food ● Increasing Consumption of PET ● Increasing Textile Industry Key Factors Restraining the Growth of the Acetic Acid Market ● Mature Market of Acetic Anhydride in Developed Regions ● Saturation of VAM in Developed Regions Request a free sample report: https://www.jsbmarketresearch.com/sample-request/acetic-acid-derivatives-and-global-marke ts
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