Europe Acetic Acid Market to be supported by High demand in Cosmetology through 2028
Rising demand in the
cosmetics and food industries are expected to drive the Europe Acetic Acid market
in the forecast period, 2024-2028.
“According to TechSci Research
report, “Europe Acetic Acid Market– By Region, Forecast
and Opportunities, 2018-2028”, the Europe Acetic Acid Market
is anticipated to grow at a significant rate in the forecast period, 2024-2028. The increasing adoption of acetic acid in the
pharmaceutical industries augments the growth of the Europe Acetic Acid Market.
Also, the increasing demand of glass
bottles over PET bottles for alcohol and beverages, among others are expected
to fuel the growth of the market. Acetic acid is
frequently used in the pharmaceutical business for analysis and as a production
procedure for active pharmaceutical ingredients. Acetic acid is a chemical that
is extremely helpful in the treatment of cancer. Acetic acid injections in tumors
are being used to treat cancer since the 1800s.
However, lack of knowledge, toxicity
associated with inhalation of high levels of acetic acid and lack of
infrastructure to facilitate the use of its high flammability and corrosiveness
may hamper
the growth of the market in the forecast period.
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Europe
Acetic Acid Market is
segmented based on application, end user, and company.
Based on application,
the market is divided into vinyl acetate monomer, purified
terephthalic acid, acetate esters, ethanol, and others. The vinyl
acetate monomer segment is expected to witness a rise over the
forecast period. This is attributed to the rising preference of Vinyl
Acetate Monomer in paints & coatings, adhesives, and textiles.
Based on end use
industry, the market is divided into food & beverage, plastic
& polymers, paints & coatings, pharmaceutical, and others. The Food & Beverage is anticipated to grow
during the forecast period. This is attributed to the increasing demand for Salad dressings, sauces,
cheeses, and pickled foods.
Major
companies operating in Europe Acetic Acid Market are:
- Eastman Chemical
Company
- Celanese
Corporation.
- LyondellBasell
Industries Holding B.V.
- HELM AG
- DOW Chemical
Company.
- INEOS Group
Limited
- Pentokey Organy
Limited
- Airedale Chemical
Company Limited
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“Germany is expected to witness a significant growth in
upcoming years, due to the availability of well-established health policies,
deep rooted infrastructure and increasing R&D activities, among others, The
dominant process of methanol carbonylation and acetaldehyde oxidation, are
expected to propel the Europe Acetic Acid Market growth till 2028” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Europe Acetic Acid Market, By Application (Vinyl Acetate Monomer,
Purified Terephthalic Acid, Acetate Esters, Ethanol, Others), By End-Use
Industry (Food & Beverage, Plastic & Polymers, Paints & Coatings,
Pharmaceutical, Others) By Region, Competition, Forecast
& Opportunities, 2028” has evaluated the future
growth potential of Europe elderly care services and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide innovative market intelligence and help decision makers take
sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Europe Acetic Acid market.
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