Europe
Acetic Acid Market is anticipated to observe impressive growth during the
forecast period, 2024-2028. It is a colorless liquid solvent and miscible
properties which makes it a useful industrial chemical with widespread
applications. The major factors include widespread applications in industries
such as plastic, ink, rubber, textile, cosmetic, medical, and culinary industry
as a building block for manufacturing various chemicals augmenting the growth
of the market.
If the product is used in a way that is
consistent with appropriate manufacturing procedures, it is regarded as safe
for use in foods. The product is expected to grow significantly throughout the
projection year because to the rising demand for food and its safety regarding
its quality.
Its widespread use in photographic films and
other coated materials is credited for this rise. Additionally, it is employed
in the production of cigarette filters. It is regarded as a crucial raw
ingredient for the creation of drugs like aspirin, which eases headaches
leading to the growth of Europe acetic Acid Market. Acetic anhydride, cellulose acetate, vinyl acetate monomer, acetic
esters, chloroacetic acid, plastics, dyes, pesticides, photographic chemicals,
and rubber are all products made from acetic acid.
Additional industrial
applications include the production of organic compounds, vitamins,
antibiotics, hormones, and food additives thus augmenting the growth of Europe
Acetic Acid Market. Wines typically contain 700 to 1,200 milligrams per
kilogram (mg/kg) of acetic acid, mature cheeses can contain up to 860 mg/kg,
and fresh orange juice can contain 2.8 mg/kg. The other factors supporting the
market’s growth are increasing demand of glass bottles
over PET bottles for alcohol and beverages and focus on extensive R&D by
manufacturers. Acetic acid is widely employed in
cleaning industries, throughout the entire
house, vinegar can be used to clean windows, clean automatic coffee machines
and dishes, rinse dishwashers, and clean bathroom tile and grout. Because it
typically doesn't leave behind a toxic residue and requires less rinsing,
vinegar can also be used to clean instruments and equipment used in the food
industry thus leading to the growth of Europe Acetic acid Market. Acetic acid
has a huge demand in agriculture as farmers apply acetic acid to cattle silage
in order to prevent bacterial and fungal growth resulting in enormous demand of
Acetic Acid in Europe. Acetic acid is the prime constituent of clothing,
coatings and plastic industry, prevailing growth of these end-user industries
directly leads to the growing demand of acetic acid in Europe. Many medical procedures employ acetic acid. Its main use is as an
antiseptic against bacteria such staphylococci, enterococci, streptococci, and
pseudomonas thus raising the demand for Acetic Acid in Europe. Also, it is
employed in the diagnosis of infections and the detection of cervical cancer. According
to The European Food Safety Authority (EFSA), inclusion of acetic acid as a
technological additive (preservative) in animal nutrition is of no concern for consumer safety.
Rising
Demand in Cosmetic Industries
Acetic
acid is most frequently used by consumers in cosmetics, where it is utilized to
regulate the pH of personal care products. Manufacturers would employ acetic
acid as one of the industrial chemicals to make sure the face mask is safe to
use and not overly acidic. Adoption of personalized shampoos and other cosmetic
products due to varied skin and hair problems leads to the growth of Europe
acetic acid market. Ethylenediamine tetra acetic acid (EDTA) is the main
constituent of shampoos and bathing soaps as it promotes good lather and foam
and helps in effective cleaning leading to the growth of Acetic Acid Market. In
recent years, the value of the cosmetics market in Europe is increasing and is
expected to continue growing in the future. In natural vinegars, small amounts of tartaric acid, citric acid, and
other acids are also present. Acetic acid, vinegar, and brown rice vinegar are
used to make hair conditioners, shampoos, hair rinses, wave sets, and other
hair care products. Vinegar is used in skin care products, mouthwashes, and
breath fresheners. Many skin issues can be treated at home with vinegar.
Dermatologists should be aware of the evidence supporting its use in treating
skin conditions as well as any side effects to properly advise patients on the
safe use of this widely accessible medication. Vinegar has antimicrobial and
antioxidant properties that are helpful in treating bacterial and fungal
infections as well as wound care. Additionally, there is evidence to support
its use in treating striae gravidarum, head lice, and pruritus. The European
cosmetics business is a global leader, the largest cosmetics exporter, and a
highly innovative industry with rapid product development. Additionally,
innovation is a crucial instrument for fostering global competitiveness,
enhancing safety, preventing diverse products' detrimental effects on the
environment, and satisfying consumers' tastes and requirements, which are
continually growing. The European biggest
cosmetic companies and important players in the European cosmetic market are
the L’Oréal Group, Unilever (UK), Beiersdorf (Germany). According to the
Cosmetics Europe Cosmetic and personal care industry brings about USD 30.50
billion to the European economy annually.
Demand
from Food and beverage industry
Although
acetic acid has uses in different industries, food preservation is its most
prevalent application. FoodDrinkEurope’s latest Data says that 4.5 million
people employed by the EU's food and beverage industry, which has a 1.16
trillion USD annual revenue and 233.48 billion in value contributed, make it
one of the EU's largest manufacturing sectors. Due to its abilities as a fermentation agent, acetic acid is frequently
used in the food industry. It is combined with other substances, such as sodium
bicarbonate, to produce goods that require baking thus changing food habits
with increasing food industries leads to the escalating demand for Acetic Acid.
Acetic acid food preservation helps preserve canned items. This vital component
is found in many products, as flavor and for its antibacterial properties.
Salad dressings, sauces, cheeses, and pickled foods frequently include acetic
acid. Glacial acetic acid is used in the production of vinyl acetate as a
solvent to dissolve oils, Sulphur, and iodine, in acidification of oil and gas,
production of pharmaceuticals and vitamins, and processing of food. In the food industry, acetic acid is most frequently employed in
commercial pickling processes and condiments including mayonnaise, mustard, and
ketchup. Moreover, it is used to season a variety of dishes, including salads.
Also, when vinegar and alkaline substances like baking soda react, a gas is
produced that helps baked items puff up which leads to the growth of Europe
Acetic Acid Market.
Recent development:
- The expansion of
Kuraray's MonoSol's polyvinyl alcohol-based packaging was announced in November
2019 along with the establishment of a new manufacturing plant in Poland. The
establishment of the Poland facility will increase MonoSol's manufacturing
presence in continental Europe, and it is motivated by the concept's rapid
expansion in those countries.
- For their new vinyl
acetate monomer plant at the Saltend Chemicals Park in Hull, United Kingdom,
INEOS awarded Fluor Corp. the front-end engineering and design (FEED) contract
in July 2019. One of three UK projects worth GBP 1.19 billion that INEOS
announced in February 2019 is the new VAM factory. The Northern England project
would cost GBP 178.57 million, according to INEOS.
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Market Segmentation
Europe
acetic acid market is segmented into application, end user, and company. Based on application, the market is
divided into vinyl acetate monomer,
purified terephthalic acid, acetate esters, ethanol, and others. Based on end use industry,
the market is divided into food
& beverage, plastic & polymers, paints & coatings, pharmaceutical, and
others. In
terms of region, the market is segmented into France, Germany, United Kingdom,
Italy, Spain, Finland, Greece, Portugal, Bulgaria, and Croatia.
Market Players
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 are some of the leading companies operating in the market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in Tonnes and
CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast, Volume forecast company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Application
·
End-user
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Regional scope
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France, Germany, United States, Italy, Spain, Netherland, Switzerland,
Sweden, Belgium, Ireland
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Key companies profiled
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Eastman Chemical Company, Celanese
Corporation, LyondellBasell Industries Holding B.V, HELM AG, DOW Chemical
Company, INEOS Group Limited, Pentokey Organy Limited, Airedale Chemical
Company Limitedare
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Europe acetic acid
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Europe Acetic acid Market, By Application:
o Vinyl Acetate
o Monomer
o Purified Terephthalic Acid
o Acetate Esters
o Ethanol
o Others
·
Europe Acetic acid Market, By End Use Industry:
o
Food
& Beverage
o
Plastic
& Polymers
o
Paints
& Coatings
o
Pharmaceutical
o
Others
·
Europe Acetic acid Market, By Region:
o
France
o Germany
o United States
o Italy
o Spain
o Netherland
o Switzerland
o Sweden
o Belgium
o Ireland
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present Europe Acetic acid Market
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
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