Published on : Oct 04, 2019
Albany, New York, October 4, 2019: Ethanoic acid, also known as acetic acid is a type of monobasic organic acid. It is also known as a variant of short chain saturated fatty acid. Ethanoic acid is a key ingredient in vinegar, which imparts the material its pungent and sour attributes. As ethanoic acid is also a simple carboxylic acid variant it finds extensive application as a chemical reagent in a number of end use industries.
In the past few years, the number of ethnoic acid suppliers has risen rapidly, many of whom originate from China. However, with the volatile and unstable global economic situation, the demand for ethanoic acid has slumped substantially. Consequently, the rising supply has resulted in low prices that are expected to adversely impact the producers around the globe.
A study of the global ethanoic acid industry is collated and published in the report titled, “Global Ethanoic Acid Market 2019-2023, Trends and Forecast Report” that has been added to the extensive research repository of Market Research Hub (MRH).
The use of ethanoic acid in the production of vinyl acetate monomer (VAM) is a key factor that will drive the growth of the ethanoic acid industry. VAM is a key ingredient in a wide range of consumer and industrial products such as adhesives, paints, and coating. The material accounts for 30 per cent of all ethanoic acid volume on a global scale.
Countries in the Asia Pacific are the largest consumers of ethanoic acid, owing to the massive demand arising from the burgeoning textile and industrial base in the region. This growth is being supported by factors such as the rapidly rising population, better economic conditions, and a very active manufacturing sector, which is expected to continue through the forecast period till 2023.
Ethanoic Acid Market: Overview of Report
The report on the ethanoic acid industry provides the readers with an in-depth analysis on the landscape of product variants available around the globe. Industry-based forecasting models include a complete analysis of the research publications and primary interviews with manufacturers in addition to the relevant consumer data.
The report also includes detailed interviews conducted by leading market analysts with industry leaders, subject experts and industry analysts to provide essential validations of the production volume and relevant conclusions in the study.
The ethanoic acid report forecasts performance of the market progress in terms of volume trajectories by different categories including the cost of production and raw materials, in addition to factors such as the growth of the personal care market. For each of these categories, business development strategies and market projections that have been adopted by key market players for specific strategies have also been included in the report.
Valuable insights which can be helpful for manufacturers that are operating in the ethanoic acid industry are provided in the report. Also, a study of barriers to market entry, pricing analysis, market expansion strategies, and supply to demand equations makes the report a very credible source of information for business professionals interested in the ethanoic acid market.
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