ACETIC ACID MARKET ANALYSIS

Market Challenges And Opportunities

Global Acetic Acid Market: Restraints

Acetic Acid's Negative Effects Can Slow Market Growth

If not utilized properly and carefully, it might be a dangerous chemical. It must be handled carefully since it is extremely damaging to human skin and eyes. If swallowed or breathed, it can harm internal organs as well. Additionally, customers' growing understanding of the harmful consequences of chemicals may discourage their use, which would hurt the market's expansion. VAM is an established market that will gradually develop or fall and is one of the main uses for acetic acid. A decrease in VAM usage might hinder market expansion by serving as a restraint. For instance, in 2022, the Government of the U.K. stated that acetic acid fumes inhalation may cause coughing and irritation of the eyes, nose, and throat. Corrosive damage can result from exposure to acetic acid solutions that are highly concentrated (>25%). Breathing in strong acetic acid vapors can irritate the eyes, nose, and throat and result in coughing, chest tightness, headaches, fever, and disorientation. Airway damage, a rapid heartbeat, and eye injury can all happen in extreme circumstances.

Global Acetic Acid Market: Market Opportunities

Rapid industrialization and urbanization around the globe is projected to offer lucrative market opportunities over the forecast period. Rise in construction industries coupled with the growing demand for high-performance plastic from the end-user industry due to their durability is again expected to foster the market growth. Moreover, increasing automobile production across the developing region is further projected to raise demand for plastic and rubber products which in turn again fosters the market growth over the forecast period.