According to ChemAnalyst report, “Global Glacial Acetic Acid Market Analysis: Industry Market Size Plant Capacity, Production, Capacity by Process, Capacity by Technology, Operating Efficiency, Demand & Supply, End-User Industries, Foreign Trade, Sales Channel, Regional Demand, Company Share, Manufacturing Process, 2015-2030”, The Glacial Acetic Acid market is likely to experience a significant increase by reaching 17 million tonnes in 2030, at an expected CAGR of 5.63% during the forecast period. The increasing demand of Glacial Acetic Acid Plastic & Polymer, Food & Beverage, Adhesive, Paints & Coatings, Pharmaceutical, and Other end-use industries, is anticipated to hike up the demand for Glacial Acetic Acid market in the coming years.

Glacial Acetic Acid is a weak acid solvent with the chemical formula of CH₃COOH. There are two primary methods of production: chemical and fermentative. The Cavita procedure, which includes carbonylating methanol, is the main approach of the chemical method. In the food and beverage business, the fermentative process is primarily used. Vinegar, which contains 5-8% acetic acid, is frequently used in foods like pickles and salads as an excellent preservative. Owing to its acidic composition, this acid which gives food items a sour flavour. Vinyl acetate is generally produced using acetic acid as a raw ingredient. It is also employed as a feedstock for acetic anhydride, cellulose acetate, acetate esters, chloroacetic acid, and a variety of other chemical synthesis. Other niche applications of Glacial Acetic Acid include cellulose acetate, fibres, photographic film, and rayon.

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The Glacial Acetic Acid market across the globe is driven due to its usage for the synthesis of Polymers and Plastics along with the Food and Beverage sector. This acid is used to synthesize chemicals like vinyl acetate, acetate esters, purified terephthalic acid (PTA), and acetic anhydride. PTA is used for making PET plastic resin which is utilized for making products like bottles and containers.  With increase in urban population, there will be a hike in the demand of plastic goods which is anticipated to fuel the demand of Glacial Acetic Acid. Moreover, due to the acidic nature of Glacial Acetic Acid, it is utilized in Food & Beverage sector for preservation of pickles and souring food items. This further contributes to the growth of the Glacial Acetic Acid in coming years. Glacial Acetic acid is employed in the pharmaceutical sector to make hormonal, nutrients, vitamins, antibiotics, and other medicines which is a contributing factor for sustaining the growth of the Global Glacial Acetic Acid market.

The global Glacial Acetic Acid market is segmented based on grade, end-use, sales channel, and region. Based on grade, the Glacial Acetic Acid market is segregated into Industrial Grade and Pharmaceutical Grade. The Industrial grade dominates the global Glacial Acetic Acid market and is expected to retain this position in the forthcoming years.

Based on end-uses, the Glacial Acetic Acid market is segregated into Plastic & Polymer, Food & Beverage, Adhesive, Paints & Coatings, Pharmaceutical, and Others. The Plastic & Polymer Industry is dominating the Glacial Acetic Acid market and held a market share of about 35% in 20223. It is anticipated to remain the most significant consumer in forecast period. The Food & Beverages is rapidly growing sector, anticipated to create a surge in the Glacial Acetic Acid demand in the forecast period.

Based on demand by region, Asia Pacific dominates the global Glacial Acetic Acid market, consuming about with a demand of approximately 60% of the global Glacial Acetic Acid in 2022 amongst all other regions, and it is anticipated that it will continue to dominate the market in the coming years. Germany is the leading in exporting the highest volume of Glacial Acetic Acid. Currently, China is the highest producer of Glacial Acetic Acid.

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“Global Glacial Acetic Acid Market Analysis: Industry Market Size Plant Capacity, Production, Capacity by Process, Capacity by Technology, Operating Efficiency, Demand & Supply, End-User Industries, Foreign Trade, Sales Channel, Regional Demand, Company Share, Manufacturing Process, 2015-2030”, the significant players functional in the global Glacial Acetic Acid market includes Celanese Corporation, Jiangsu Sopo Company Ltd., Yankuang Guotai Coal Chemical Ltd., Eastmen Chemical, Lotte BP Chemical, and Others.

“Glacial Acetic Acid is expected to see an expansion in the forecast period due to its application as a feedstock in the manufacture of plastics and polymers. Glacial Acetic Acid is used as a preservative in the food and beverage industry property which further contributes to the expansion of Glacial Acetic Acid market in the forecast period. The total demand for Glacial Acetic Acid in the global market during the forecast period is finely contributed by demand from the pharmaceutical industry owing to its antibacterial activity. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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