Growing Applications in Textile Industry to Drive the Acetic Acid Market
acetic acid market The global acetic acid market is estimated to be valued at US$13.34 billion in 2022 and is expected to exhibit a CAGR of 9.7% over the forecast period of 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Acetic acid is a versatile chemical compound used in various industries such as textiles, food and beverages, pharmaceuticals, and plastics. It is primarily used as a raw material for the production of vinyl acetate monomer (VAM), which finds application in the production of adhesives, coatings, and paints. Its properties such as high solvency, low toxicity, and low vapor pressure make it an ideal chemical for these applications. The demand for acetic acid is driven by the growing textile industry, where it is used as a dyeing and finishing agent due to its ability to impart vibrant colors and improve fabric quality. Additionally, the rising demand for VAM in the construction and automotive sectors furth...