Acetic Acid Market Size, Share & Global Research Report
Acetic Acid Market Acetic Acid Market was valued at USD 6,251 Million in 2020 and anticipated to expand at 5% CAGR over the forecast period (2021-2028). The factors driving the growth of Acetic Acid Market includes growing use of Acetic Acid in food and beverages, pharmaceutical and paints and Coatings industries and rising demand for Vinyl Acetate Monomer around the world. Moreover, the rapid expansion in textile Industry, is expected to increase the Global Acetic Acid Market in the coming years, as per the report published by Bloomberg, the Global Technical Textile Market is projected to Reach US$ 370 billion by 2032. In addition, the increasing consumption of vinegar for maintaining blood pressure and controlling Cholesterol levels, are some of the other factors, augmenting the growth of Acetic Acid Market. The increasing sales of Electric Vehicles in the International Markets is expected to boost the Acetic Acid Market owing to extensive use of paints and coatings for manufa...