The North America acetic acid market reached a volume of 3.3 Million Tons in 2018. Acetic acid (CH3COOH) is a colorless liquid with a distinctive pungent odor. It acts as a chemical reagent in the preparation of vinyl acetate monomers (VAMs), acetic anhydride and esters. In addition to this, it is used as a pH regulator in the textile industry, as a solvent in the pharmaceutical industry and as an acidity regulator in the food industry. It is also widely utilized in the manufacturing of wood glues, pesticides, inks and dyes, and synthetic fibers.
The acetic acid market in North America has witnessed a steady growth over the past few years. Acetic acid is utilized in the production of vinegar. Since the consumption of vinegar is associated with maintaining blood sugar levels and reducing weight, growing consciousness regarding these benefits, along with the increasing occurrence of obesity and diabetes in the region, is primarily driving the demand for acetic acid. Apart from this, acetic acid is extensively used for the early hydration of off-white Portland cement in North America owing to the prevalence of cold weather conditions in North America. Additionally, a significant rise in construction activities on account of growing population is impelling the demand for paints and coatings which, in turn, is providing a thrust to the market growth. Looking forward, IMARC Group expects the market to reach a volume of 3.8 Million Tons by 2024, registering a CAGR of 2.3% during 2019-2024.
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IMARC Group’s latest report provides a deep insight into the North America acetic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America acetic acid market in any manner.
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