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The North America acetic acid market reached a volume of 3 Million Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 2.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Application, End-Use Industry, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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