Industry Background:
Acetic acid, also known as ethanoic acid is a colourless liquid, which has a sour smell and distinct and strong pungent. Acetic acid is mainly produced by methanol carbonylation technique.This growth is primarily driven by Increasing Penetration Of Ester Solvents In Coating Industry and Expansion of New Separation Technologies to Improve the Production Efficiency.
Major Vendors, such as Enviro Tech Chemical Services, Inc. (United States), Pilot Chemical (United States), Spartan Chemical Company Inc. (United States), Peroxychem Llc (United States), Fmc Corporation (United States), Diversey Inc. (United States), Loeffler Chemical Corporation (United States), Brainerd Chemical Company, Inc., American Water Chemicals, Inc. (United States), Solvay (Belgium), Evonik Industries (Germany) and Kemira (Finland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Increasing Penetration Of Ester Solvents In Coating Industry
- Expansion of New Separation Technologies to Improve the Production Efficiency
Market Trend
Restraints
- High Concentration of Acetic Acid can be Harmful for Aquatic Life, Animals, and Plants
Opportunities
Growing Demand for Acetic Acid in Rubber, Plastics, Pharmaceutical, Construction, Paint Industry
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