According to a new report, published by KBV research, The Global Acetic Acid Market size is expected to reach $28.4 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 19,072.2 Kilo Tonnes experiencing a growth of 2.4% (2019-2022).
The Acetic Anhydride segment is experiencing a CAGR of 4.4% during (2023 - 2030). This growth is attributed to its extensive use in photographic films and other coated materials. Additionally, it finds application in the production of cigarette filters. The substance is well recognized as a crucial primary component for the advancement of pharmaceuticals, including aspirin, which is renowned for its efficacy in alleviating headaches. The utilization of acetic acid is widespread in the process of wood preservation.
The Asia Pacific region dominated the Global Acetic Acid Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.3 billion by 2030. The North America region is poised to grow at a CAGR of 4.5% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 5.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/acetic-acid-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Eastman Chemical Company, Celanese Corporation, The Dow Chemical Company (Dow Corning Ltd.), Indian Oil Corporation Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Limited, Daicel Corporation, Airedale Chemical Holdings Limited, Helm AG , SABIC (Saudi Arabian Oil Company), and LyondellBasell Industries Holdings B.V.
By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
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