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Europe Acetic Acid Market size, by application, - USD Million Acetic acid acts as an intermediary for formulating coatings, greases, polyester, and sealants that have applications in diversified industries such as electronics, automotive, textiles, and packaging.
Increasing trend amongst youngsters for fashionable apparels and superior quality fabrics produced by mills is augmenting the textile industry. Purified terephthalic acid PTA market will boost in coming years owing to its usage in polyethylene terephthalate PET bottles.
These bottles are gaining a wide acceptance in the medical and consumer goods market due to their recyclability and lightness. PET material has a competitive edge over its counterpart glass as the former protects the inside chemical or material from reacting with sunlight.
Further, PET is used in the manufacturing of medical devices due to its low reactivity with chemicals and other drugs. Bio-based chemicals are gaining acceptance as these can act as a complete replacement for fossil based feedstocks. Product synthesis with bio-based materials is also gaining momentum.
Bio-based acetic acid may be manufactured by fermenting corn starch. Manufacturers are scouting for bio-based pathways for better understanding of the relative costs of manufacturing the product from biomass as compared to petroleum-based feedstocks.
There are certain limitations associated with acetic acid such as lower compatibility with quarts, reduced performance in lower temperature, corrosive to metals, and irritation to skin. It also has an acidic odor. Further, acidic acid is formulated mainly by methanol, and wavering prices of methanol can result in the fluctuating cost of the product.
These factors can hinder acetic acid market in future. It is consumed widely in making a number of resins and polymers for textiles, films, paints, coatings, adhesives, and other such products.
The biggest derivative of VAM is polyvinyl acetate PVA that is extensively used for adhesion of substrates such as metals, plastic films, wood, and paper. Its usage is also increasing in manufacturing polyvinyl alcohol PVOHthat has applications in photosensitive coatings, thickeners, and packaging films.
It has applications into polyester production such as polyester films, polyethylene terephthalate PET resin, and polyester fiber. The development of manufacturing industries in Indonesia, Laos, Thailand, Cambodia, Vietnam, Japan, and India has boosted the market for acetic acid in the region.
Asia Pacific will register an above average growth rate till in the acetic acid market. Frozen food, especially meat has a healthy market in European countries such as Germany, Spain, and Italy.
Acetic anhydride is used as a preservative in these food products to enhance the shelf life and to keep them fresh.
Structural adhesives are extensively used in bonding automobile components for high-end vehicles. These favorable factors made the region a considerable contributor in the global acetic acid market. North America has a decent market of acetic acid with a consumption of over 1, kilotons in Along with pharma drugs, these companies are advancing in medical devices sector.
Polyethylene terephthalate PET is increasingly being adopted in medical devices and saline bottles for its benefits of being lightweight and recyclable. Competitive Market Share The acetic acid market is moderately fragmented due to numerous manufacturers entering the market from past few years.
For instance, Eastman Chemical acquired Sterling Chemicals in InWacker Chemie announced that it is exploring bio-based acetic acid manufacturing route and has developed a fermentation-based process and plans to license the technology.
Ethanol was dehydrogenated catalytically or oxidized to acetaldehyde that in turn was oxidized to acetic acid. Companies are now exploring advanced technologies for manufacturing of this product.
For instance, Celanese is experimenting with a biocatalytic production route in collaboration with the company Diversa Corporation. Vinegar is a dilute solution of the compound formulated by oxidation and fermentation of natural carbohydrates.
Acylal, ester, or salt of the product is known as acetate. The compound is used in manufacturing metal acetates, which is used in printing processes.
What Information does this report contain?Strengths in the SWOT analysis of Mercedes. High TOMA: Mercedes is a well established brand & is part of the “German Big 3” luxury automakers, along with Audi and BMW, which are the best-selling luxury automakers in the world.
Mercedes focuses its sponsorship spending on . The global connected car market shows immense growth potential primarily due to emergence of certain trends that are expected to exert a positive influence on the market during the forecast period.
SWOT Analysis on Mercedes Benz. The instruction and outline of this analysis is attached on the additional materials. Please base the analysis paper on the outline. What is a SWOT Analysis? It is a way of evaluating the strengths, weaknesses, opportunities, and threats that affect something.
See WikiWealth's SWOT tutorial for help. The Mercedes-Benz E e launched at the end of with two technological world debuts – a deadly combination of the 9G-TRONIC plug-in-hybrid transmission . This Ford SWOT analysis reveals how a pioneering automobile company used its competitive advantages to become one of the most innovative automotive manufacturers in the world.
It identifies all the key strengths, weaknesses, opportunities and threats that affect the company the most.