PUNE, India, Sept. 01, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights™ The global Acetic acid market size was $6.90 billion in 2020. The market is expected to keep growing $7.29 billion in 2021 to $10.54 billion in 2028 at a CAGR of 5.4% in the period 2021-2028.

This important information is presented by Fortune Business Insights™in his report entitled “Acetic Acid Market, 2021-2028.“

According to the research team, the development and increasing application in multiple industries such as adhesives & sealants, paints & coatings, and textiles are likely to fuel the market growth globally. The use of Vinyl Acetate Monomer (VAM) is being driven by the increasing demand for paints and coatings around the world fueling the demand and growth of the market.

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COVID-19 outbreak will greatly affect the market growth

With the rapid spread of the coronavirus, universal health systems are struggling to heal large numbers of patient pools. This has led to hospitals implementing appropriate hygiene guidelines to avoid the spread of the virus. In addition, the temporary closure of factory units has led to a drop in production and thus to a deterioration in the market situation.

Nonetheless, the latent gains and availability of acetic acid decontamination have become an encouraging addition in the non-negative COVID-19 cases.

List of Major players covered in Acetic Acid Market report

• BP Plc (UK)
• Shanghai Huayi (Group) Company (China)
• LyondellBasell Industries (Netherlands)
• Daicel Corporation (Japan)
• Shandong Hualu-Hengsheng Chemical Co.Ltd. (China)
• Jiangsu Sopo (Group) Co.Ltd. (China)
• Kingboard Chemical Holdings Ltd. (Hong Kong)
• Eastman Chemical Company (USA)
• Lonza (Switzerland)
• Wacker Chemie AG (Germany)
• Celanese Corporation (US)
• Other key players

report coverage

The market report…