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The global acetic acid market was valued at US$ 10.5 Billion in 2021.
We expect the global acetic acid market to exhibit a CAGR of 6.5% during 2022-2027.
The growing adoption of acetic acid in manufacturing vinegar as its consumption helps in reducing weight, maintaining blood pressure, and regulating blood sugar and cholesterol levels, is primarily driving the global acetic acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries and supply chain disruptions for acetic acid.
Based on the application, the global acetic acid market can be bifurcated into VAM, PTA, anhydride, ethyl acetate, butyl acetate, and others. Among these, VAM currently holds majority of the total global market.
On a regional level, the market has been classified into China, North America, North East Asia, Western/Eastern Europe, South East Asia, and Middle East and Africa, where China currently dominates the global market.
Some of the major players in the global acetic acid market include British Petroleum Plc, Celanese Corporation, Daicel Corporation, Eastman Chemical Company, GNFC Limited, HELM AG, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, PetroChina, SABIC, Showa Denko K.K., Sinopec, Svensk Etanolkemi AB (SEKAB), Wacker Chemie AG, etc.
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