According to IMARC Group’s latest report, titled “Europe Acetic Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The study provides a detailed analysis of the industry, including the Europe Acetic Acid Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Acetic Acid Market in Europe?
The Europe acetic acid market size reached 1.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 1.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.6% during 2023-2028.
What is Acetic Acid?
Acetic acid (CH3COOH), also known as methane carboxylic acid or ethanoic acid, is a clear organic compound with a pungent and strong smell. The acid can be produced synthetically and by bacterial fermentation. As a result, acetic acid is extensively used in the production of vinyl acetates, volatile organic esters, metal acetates, and cellulose acetate. It is also used in the manufacturing of coatings, paints, textiles, and solvents.
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Europe Acetic Acid Market Trends:
The increasing demand for acetic acid across the food and beverage (F&B) industry represents one of the key factors primarily driving the acetic acid market across Europe. In addition to this, the rapid expansion of the textile and chemical industries and the rising demand for paints and coatings are other factors significantly contributing to the market growth. Moreover, the key market players are heavily investing in research and development (R&D) activities to reduce energy consumption during the production of acetic acid, which is creating a positive outlook for the market across the region.
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Key Market Segmentation:
The report has categorized the market based on application and end use industry.
Breakup by Application:
- VAM
- PTA
- Anhydride
- Ethyl Acetate
- Butyl Acetate
- Others
Based on End Use Industry:
- Plastics and Polymers
- Food and Beverage
- Inks, Paints and Coatings
- Chemicals
- Pharmaceuticals
- Others
Countries Covered:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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