The latest industry analysis report published by Reports and Data offers a panoramic view of the global Ethylic Acid industry and its key segments. The report offers a concise market summary and highlights the key factors influencing market growth. The data information provided by the report have been obtained through meticulous research on the market. The report takes a close look at the Ethylic Acid market’s historical, present, and future scenarios and explains the paradigm shifts taking place in this business landscape. Industry growth rate, consumer demand, supply ratio, industry worth, and several market trends opportunities are some of the critical factors highlighted in the report. The report throws light on the competitive landscape of the global Ethylic Acid market and systematically profiles the leading companies operating in the market. Furthermore, it highlights the principal astrategies initiatives undertaken by these players for business expansion and growth in the near future. Some of the key business growth strategies include partnerships collaborations, mergers acquisitions, new product launches, agreements, and joint ventures. The top companies profiled in the report include Mitsubishi Chemical Corporation, Sinopec, Wacker Chemie, GNFC Limited, Saudi International Petrochemicals, DuPont, Eastman Chemical Company, Daicel Corporation, Jiangsu Sopo (Group), and LyondellBasell, among others.
Asia-Pacific dominates the market for Ethylic Acid in the global market. The region is anticipated to be the largest market for the textile industry, owing to the strong industrial base. Increase in population and improving economic conditions are also driving the market in the region. China is the largest market for Ethylic Acid worldwide. The country accounted for approximately more than 30% of the global consumption.
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Market Overview:
A substance or mixture of substances that makes up an object is referred to as a material. Materials are used as inputs in manufacturing processes to create goods or more complex materials in industry. The chemical industry is made up of businesses that manufacture industrial chemicals. Chemical reactions and refining technologies are used in this industry to convert basic resources including oil, air, water, natural gas, metals, and minerals into over thousands of different products. The materials and chemicals sector trends range from solutions for lightweighting, sustainability, surface engineering, 3D printing, nano-formulations (biomaterials), and developing advanced composites to meet the current industry demands
Ethylic Acid is used to produce VAM, which is, in turn, is used to manufacture various resins and polymers for adhesives, films, paints, coatings, textiles, and other end-user products. Polyvinyl Alcohol (PVOH) and Polyvinyl acetate (PVA) are the major derivatives manufactured using Vinyl Acetate Monomers (VAM). PVA is significantly employed in adhesives, textiles, photosensitive coatings, packaging films, and thickeners, whereas PVOH finds its applications in paper coatings, industrial coatings, and paints owing to their ideal adhesion properties.
Key participants include Mitsubishi Chemical Corporation, Sinopec, Wacker Chemie, GNFC Limited, Saudi International Petrochemicals, DuPont, Eastman Chemical Company, Daicel Corporation, Jiangsu Sopo (Group), and LyondellBasell, among others.
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Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Acetic anhydride
Monochloroacetic
Textiles
Terephthalic acid
Vinyl acetate monomer
Ketene
Dimethylacetamide
Others
End-Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Food and Beverage
Plastics and Polymers
Chemicals
Inks, Paints, and Coatings
Others
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Reasons for Buying this Report:
The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
The study provides pin-point analysis for changing competitive dynamics.
The report helps readers in understanding the product segments and their future growth.
Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
PEST analysis of the market in the five major regions.
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