Procurement Resource Evaluates the Price Trends of Acetic Acid in its Latest Insights and Dashboard
Procurement Resource Evaluates the Price Trends of Acetic Acid in its Latest Insights and Dashboard
Price Trends of Acetic Acid in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Acetic Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Acetic Acid can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
Acetic acid is scientifically known as ethanoic acid with the chemical formula CH3COOH which is also written as CH3CO2H, C2H4O2, or HC2H3O2. It is a clear and colourless liquid with a pungent smell that is acidic and organic in nature. There is around 4% acetic acid in vinegar, and hence acetic acid is a critical component in it besides water and other residue ingredients. Following formic acid, acetic acid is the second uncomplicated carboxylic acid. It is a crucial industrial and substance chemical that is primarily utilised in the manufacturing of cellulose acetate for photographic film, synthetic fibres, and fabrics, and polyvinyl acetate for wood glue. Acetic acid is also used in the production of oil and gas and the food and pharmaceutical industries.
Also Check Acetic Acid Production Cost Report – https://www.procurementresource.com/production-cost-report-store/acetic-acid
Regions Covered to Evaluate Acetic Acid Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Acetic Acid Price Trend:
Acetic acid is applied in several industrial production processes of substrates, and it is commonly utilised as a chemical substance for the manufacturing of a variety of chemical compounds such as acetic anhydride, ester, vinyl acetate monomer (VAM), vinegar, and several other polymeric materials. Besides, it may be used as a diluent for recrystallisation, which makes it an important diluent to cleanse organic composites. The most important application of acetic acid is the manufacturing of vinyl acetate monomer (VAM). There is an increased demand for VAM from end-use applications like paints and coatings, printing and dyeing, lamination and paper coating, and electronics, specifically in the emerging economies such as China, India, Indonesia, Brazil, and a few countries in Europe, which affects the acetic acid prices across the globe.
Also Check Acetic Acid Industry Report – https://www.procurementresource.com/reports/acetic-acid-industry-report
Key Market Players:
- LyondellBasell Industries Holdings B.V.
- British Petroleum Plc
- Celanese Corporation
- Eastman Chemical Company
- Jiangsu SOPO (Group) Co., Ltd.
- Yankuang Group
News and Events:
BP plc’s (NYSE: BP) global Aromatic & Acetyls business comprising of 15 sites, amongst which 5 are present in the U.S., 2 in the European region, and 8 in Asia together with 10 joint ventures were acquired by INEOS (INEOSSTYRO) in January 2021. This development will help the organisation in expanding its position in the worldwide petrochemicals market and offer prospects for incorporation and augmentation with the present business.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference Link: https://takeitcool.com/price-trends-of-acetic-acid/