North America Acetic Acid Market share to accrue significant proceeds by 2024

The research report on North America Acetic Acid Market offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors.

According to the given report, North America acetic acid industry registered a remuneration of USD 2 billion in 2018 and is expected to surpass a mammoth of USD 2.5 billion by the end of 2024. Additionally, the market analysis document also envelopes pivotal information on the current market scenario, current advancing technologies, huge competitive landscape, future growth prospects, industry tactics, and vivid market segmentations.

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The report also provides insight to distinguished factors that are expected to potentially fuel the growth path of the industry in the upcoming years, along with laying emphasis on minute details of the ongoing trends that the North America acetic acid industry is characterized by. The North America acetic acid market, as stated in the report, is divided on the basis of application, regions, and competitive landscape.

On the basis of application, acetate esters will generate revenue of around USD 550 million by 2024. The product is used in manufacturing of solvent including methyl acetate, ethyl acetate, isopropyl acetate, etc. which are widely used in paints, nail polish remover, tea, coffee, cigarette, etc. Strong product demand from the food industry in North America is likely to make noteworthy contribution to the overall acetic acid market size in the coming years

Considering the regional landscape, North American acetic acid market is diversified into U.S., Canada and its elaborative analysis has been enclosed in the report as well. The report states various factors that have been massively supporting the growth of regional markets along with addressing with trending growth opportunities existing in every region, their individual growth rates and market positions, technologies being used, regulatory reforms, and much more.

Increasing carboxymethyl cellulose demand from the U.S. pharmaceutical industry in the preparation of drugs in the form of disintegrants will help drive the overall acetic acid market size by 2024. The product is used to produce monochloroacetic acid which is used to manufacture CMC. In 2017, the U.S. pharmaceutical industry was valued over USD 400 billion and is likely to grow with CAGR around 4.4% in the coming years. These trends will contribute a significant share to the overall acetic acid market size over the forecast spell.

In terms of the competitive landscape, acetic acid market in North America boasts of presence of companies like LyondellBasell Industries N.V., PetroChina, Svensk Etanolkemi AB (SEKAB), British Petroleum Plc, Daicel Corporation, Mitsubishi Chemical Corporation and Wacker Chemie AG. In line with this, the report includes required details on sales spectrum of each of these enterprises, their market tactics to maintain foothold in the market, individual company profiles and market share, and position in the overall ecosystem.

[TOC Chapters]

Chapter 4.   North America Acetic Acid Market Size, by Application, 2013 – 2024

 

  • Vinyl acetate monomer
    • PVA (Polyvinyl Acetate)
    • PVOH (Polyvinyl Alcohol)
  • PTA (Terephthalic Acid)
  • Acetate esters
  • Acetic anhydride

 

  Chapter 5.   North America Acetic Acid Market Size, by Country, 2013 - 2024

  • U.S.
  • Canada

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