North America Acetic Acid Market Size, Share, Industry Trends, Latest Insights, Opportunities and Forecast 2022-2027
According to IMARC Group’s latest report, titled “North America Acetic Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, the North America acetic acid market is expected to exhibit a CAGR of 6.53% during 2022-2027. Acetic acid (CH3COOH), or ethanoic acid, is a byproduct of fermentation that gives vinegar its characteristic odor. It is a colorless, clear, pungent liquid belonging to the carboxylic acid family of organic compounds. Acetic acid is a commodity chemical obtained through the carbonylation of methanol, bacterial fermentation, and oxidation of acetaldehyde and ethylene. It is primarily used as a chemical reagent in the production of vinyl acetate monomers (VAMs), acetic anhydride, and esters. Currently, acetic acid is extensively used as a protic solvent in industries, raw material for synthesizing plastics, dyes, chemical compounds, insecticides, pharmaceuticals, and rubbers, and food preservative and additive in various dishes and