According to IMARC Group’s latest report, titled “India Acetic Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the India acetic acid market is currently witnessing steady growth in 2020. Acetic acid refers to a colorless organic compound with a pungent odor. It is also known as ethanoic acid or methane carboxylic acid and can be produced synthetically by bacterial fermentation. It is widely used in the production of cellulose acetate for photographic films, vinyl acetate, cellulose acetate, metal acetate and ethyl acetates. Acetic acid is also utilized in nutritional supplements that aid in reducing inflammation, supporting weight loss and controlling blood sugar and pressure levels. It also acts as a natural disinfectant and aids in neutralizing bacteria and providing enhanced protection against germs. It finds extensive application across various industries, such as chemical, pharmaceutical and food and beverage.
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The India acetic acid market is primarily being driven by the widespread product adoption in the food and beverage industry. Acetic acid is widely used as a souring agent in vinegar, pickled vegetables and sauces. Moreover, the introduction of product variants, such as the development of bio-based acetic acid that offers enhanced sustainability and lower toxicity, are providing a thrust to the market growth. Other factors, including the increasing product adoption in automotive coatings, coupled with the widespread utilization of the acetic acid in the manufacturing of polyesters and sealants, are creating a positive outlook for the market across the country. Looking forward, the market is expected to continue its steady growth during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Application:
- VAM
- PTA
- Anhydride
- Ethyl Acetate
- Butyl Acetate
- Others
Breakup by End Use Industry:
- Plastics & Polymers
- Food & Beverage
- Inks, Paints & Coatings
- Chemicals
- Pharmaceuticals
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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