Jul 3, 2020 1:27 PM ET
iCrowd Newswire – Jul 3, 2020
WiseGuyReports.com Publish A New Market Research Report on –“ High-Purity Acetic Acid 2020 Global Market to Reach US$ 8,826.0 Million And Growing At CAGR Of 5.16% By 2025”.
Global High-Purity Acetic Acid Market is anticipated to exhibit a CAGR of 5.16% and was valued at USD 8,826.0 Million in 2018. The acetic acid is a colorless liquid with strong pungent odor created by bacterial fermentation it is also called as glacial acetic acid. It is used in food preservation as an antimicrobial agent and as a natural preservative in vegetable pickling. The acetic acid with very high purity helps to control skin infection and acts effectively in the treatment for otitis externa. It is initially used as a solvent for treating infected burns and damages owing to its antiseptic properties.
The increasing use of glacial acetic acid as an acidity regulator in the food & beverage industry is estimated to drive the global high purity acetic acid market growth. The key factor fueling the market growth is the increasing utilization of high-purity acetic acid as vinyl acetate monomer (VAM), which is also used in the production of paints and coatings. Additionally, the rapid acceptance of acetic acid to manufacture etching solutions for semiconductor chips and various electronic applications is anticipated to produce substantial growth opportunities for market players during the review period.
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Major Key Players of High-Purity Acetic Acid Industry:
Some of the prominent players operating in the Global High-Purity Acetic Acid Market are Mitsubishi Chemical Corporation (Japan), Eastman Chemical Company (US), Merck KGaA (Germany), Sipchem (Saudi Arabia), BP p.l.c. (UK), Celanese Corporation (US), LyondellBasell Industries Holdings B.V. (UK), Jubilant Life Sciences (India), Saanvi Corp (India), Tokyo Chemical Industry Co., Ltd (Japan), SHIJIAZHUANG XINLONGWEI CHEMICAL CO., LTD (China), Qingdao Hisea Chem Co.Ltd (China), and FINAR LIMITED (India).
The report offers an elaborate database with respect to the latest advancements along with technological innovations that are influencing the industry. This is in addition to review of the impact these disruptions can have on the growth potential of the market. The major focus is on the present business status and the current headways, methodology changes as well as potential entryways within the global High-Purity Acetic Acid market. In addition to this, the price margins along with the barriers that the key manufacturers are expected to face in the years to come are also reported. The consistently changing market dynamics have been studied by the analysts, while considering the base year to be 2019, and the forecast period’s last year to be 2025.
Key Boosters & Challenges of High-Purity Acetic Acid Market Report
Beside the extensive appraisal of the primary dynamics that affect the global High-Purity Acetic Acid market, the market study also highlights the pricing record, volume trends and the possible market size during the conjectured timeline. The challenges, key boosters as well as opportunities have been carefully covered, to provide an enhanced understanding of the overall industry.
Regional Overview of High-Purity Acetic Acid Market Size
The major threats, strengths, inadequacies and opportunities in the High-Purity Acetic Acid market have been elucidated in the study, while considering certain regions across the globe. Across these regions, many of the top vendors are working on expanding their presence and elevate their profits. They are using some of the most effective marketing strategies such as partnerships and agreements, to boost their market position across these regions. The regions that have been taken in account while studying the global High-Purity Acetic Acid market and its expansion prospects in the near future include the Middle East & Africa, Latin America, Asia Pacific, North America and Europe. These regions are widely covered, keeping in mind the current as well as the expected trends that can shape the market size in the coming years.
Method of Research of High-Purity Acetic Acid Industry
The study of the High-Purity Acetic Acid market provides the latest hands-on data, after a careful analysis performed by the experts. Our experts have made use of the Porter’s Five Force Model’s parameters to conduct an intricate review of the market. The market leaders such as CEOs, marketing teams and more have provided their valuable inputs regarding the recent norms and developments that are projected to induce market growth. The report also sheds light on the key companies in the market and their chain networks spread around the globe. A detailed study of the parent industry, combined with the growth prospects, governing aspects as well as macro-economic factors are also focused on, with respect to the market segmentation. The market analysis has been performed with the use of two major techniques, namely primary as well as secondary. Both these methods have aided our experts in offering a better perspective of the High-Purity Acetic Acid market, while taking into consideration the weaknesses, threats, strengths and opportunities within the worldwide market.
Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global High Purity Acetic Acid Market, By Type
7 Global High Purity Acetic Acid Market, By Application
8 Global High Purity Acetic Acid Market, By Region
9 Competitive Landscape
10 Company Profiles
NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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