Europe Acetic Acid Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Europe Acetic Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Europe acetic acid market is currently witnessing steady growth. Acetic acid (CH₃COOH) is a clear organic compound with a strong and pungent smell. Also known as ethanoic acid or methane carboxylic acid, it can be produced both synthetically and by bacterial fermentation. It is widely employed in the production of metal acetates, vinyl acetates, cellulose acetate, and volatile organic esters, such as ethyl and butyl acetate.

Due to its distinct benefits, acetic acid finds extensive applications in the food and beverage (F&B) industry in Europe. Additionally, acetic acid derived products are employed in the manufacturing of paints, coatings, packaging, textiles and solvents. Significant demand from the end use industries is driving the market growth. Apart from this, the leading manufacturers are investing in research and development (R&D) projects to minimize energy consumption while manufacturing the acid and reduce the operating costs. However, the sudden outbreak of the coronavirus disease (COVID-19) and lockdowns imposed in different countries have resulted in the temporary closures of several manufacturing units in the region. The market is anticipated to experience growth once lockdown relaxations are introduced. Looking forward, the market is expected to continue its stable growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe acetic acid market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application and end use industry.

Breakup by Application:

VAM
PTA
Anhydride
Ethyl Acetate
Butyl Acetate
Others

Breakup by End Use Industry:

Plastics and Polymers
Food and Beverage
Inks, Paints and Coatings
Chemicals
Pharmaceuticals
Others

Breakup by Country:

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 Questions Answered in This Report:

How has the Europe acetic acid market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe acetic acid market?
What are the key regional markets?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Europe acetic acid market and who are the key players?
What is the degree of competition in the industry?