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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).
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:
Breakup by End Use Industry:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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