Reports and Data estimates the global Ethanoic Acid competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Ethanoic Acid during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Ineos Group Ltd. (U.K.), Celanese Corporation (U.S.), Eastman Chemical Company (U.S.), Daicel Corporation (Japan), Jiangsu Sopo (Group) Co. Ltd. (China), LyondellBasell Industries N.V. (Netherlands), Shandong Hualu-Hengsheng Chemical Co. Ltd. (China), Shanghai Huayi (Group) Company (China), Yankuang Cathay Coal Chemicals Co. Ltd. (China), Kingboard Chemical Holdings Ltd. (Hong Kong)

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Ethanoic Acid Overview :-

The global ethanoic acid market is expected to register a steady revenue CAGR of 5% during the forecast period. Market revenue growth is primarily driven by its use as an anti-infective in fungal treatments, its utilization as a sour additive in food components, and production of vinyl acetate monomer.

Ethanoic acid, also known as acetic acid, is an important organic, carboxylic acid that is acidic and colorless, and prepared by the fermentation and oxidation of natural carbohydrates. It is implemented as a sour agent in vinegar, pickled vegetables, sauces, and condiments, and as a spice raw material owing to its characteristic of acting as a pH controller and maintaining the right pH level of food. Furthermore, it enhances the sour flavor of the cuisine to improve the taste. It also fulfills other key objectives of extending the shelf-life of packed articles and combining them with other substances to be used as a preservative, which increases the demand for addition in eatables. It is employed in manufacturing of carbonated drinks for preparation of carbonated water, which is added to soft drinks and beer. Its presence as a fundamental component in the majority of carbonated drinks is attributed to the chemical being of carboxylic form with a high hydrogen content which swiftly carbonates the drink by adding CO2 under pressure. Its involvement in the manufacturing of esters, vinegar, and various other polymeric compounds increases its requirement in the food industry.

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For the purpose of this report Reports and Data has segmented global Ethanoic Acid market on the basis of type, application, and region:

Product Type Outlook (Revenue, USD Billion; 2019-2030)

• Acetic acid
• Glacial acetic acid

Application Outlook (Revenue, USD Billion; 2019-2030)

• Vinyl acetate monomer
• Purified terephthalic acid
• Acetate esters
• Acetic anhydride
• Medical and other industrial solvent

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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 Key Questions answered by the Report:

• What is the expected year-on-year growth of the Ethanoic Acid during the forecast period?
• What key trends are expected influence revenue growth of the market going ahead?
• Which region is expected to account for largest revenue share over the forecast period?
• Which key companies are profiled in the report?

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