Global Acetic Acid Market: Industry Analysis, Opportunities, Industry Outlook To 2022

The global acetic acid market is witnessing a positive growth owing to the growing demand for acetic acid and its derivatives, such as VAM and PTA, particularly in the developing countries. This can be attributed to the increasing industrialisation and urbanisation rates in these countries.

Acetic acid or ethanoic acid is a colourless liquid with pungent odour and represents an important chemical reagent, particularly in organic chemistry. The chemical production of acetic acid takes place via carbonylation of methanol. It is used as a feedstock in the manufacturing of various synthetic chemicals, ranging from polymers to esters. It is also utilised as a food additive and solvent for various industrial processes. According to IMARC Group’s new report, titled, “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global acetic acid market has grown at a CAGR of more than 6% during 2009 – 2016.

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Acetic Anhydride

 

Highlights of the global acetic acid market:

VAM (vinyl acetate monomer), represents the fastest growing end-use industry.
Growing demand for VAM and PTA is expected to be the major driving factor.
Asia dominates the global production, followed by North America, Middle East and Afric

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The single largest derivative of acetic acid is VAM (vinyl acetate monomer), which is used in the production of adhesives and sealants, paper coatings, textile finishes, photographic films, etc. Another important derivative, PTA (purified terephthalic acid), is used in the construction and packaging industries. Acetic anhydride, also derived from acetic acid, is used in the conversion of cellulose to cellulose acetate. Currently, as a result of the increasing industrialisation and urbanisation rates, particularly in developing regions like Asia-Pacific, Middle-East and Latin America, the demand for acetic acid and its derivatives (primarily VAM and PTA) has increased in various end-use industries. Moreover, the increasing demand for vinegar is also triggering the market due to its wide applications.

On the basis of end-use, the largest and one of the fastest growing end-use sector is vinyl acetate monomer (VAM) industry which accounts for around one-third of the total global consumption. It is followed by PTA, acetic anhydride, ethyl acetate and butyl acetate manufacturing industries. On the basis of key regions, Asia currently represents the largest producer, accounting for the majority of the total global production. Other major regions include Europe, North America and Middle East & Africa. Some of the key players operating in this market include Celanese, Jiangsu Sopo, Reliance, Shanghai Wujing, BP Chemicals etc.

The report by IMARC Group has examined the global acetic acid market on the basis of:

End-use:
VAM
PTA
Anhydride
Ethyl acetate
Butyl acetate

Region:
China
North America
Western/Eastern Europe
North East Asia
South East Asia
Middle East & Africa

Major Manufacturers:
British Petroleum
Celanese
Shanghai Wujing
Jiangsu Sopo
Reliance

Browse more related reports:

Acetic Acid Glacial Market – Industry Trends, Prices, Manufacturing Process, Applications, Raw Materials, Manufacturers, Regional Breakup and Mass Balance

Acetic Anhydride Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

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Regardless Of Numerous Substitutes, Global Sugar Market Expected To Grow At A Balanced Pace

A number of functional properties of sugar along with its wide applications in the food and beverage industry are currently stimulating the growth of the global sugar market. At present, Brazil represents the biggest producer of sugar accounting for around one-fifth of the total global production.

A new report released by IMARC Group titled “Sugar Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” finds that the global sugar market reached a volume of 176 Million Tons in 2015, growing at a CAGR of around 1% during 2008-2015. With its properties of providing a smooth texture to various food items, adding warm colour to bakery products and enhancing aromas, sugar has long been viewed as an important source of food energy. Although sugar faces competition due to the presence of many substitutes, it continues to represent a dominant portion of the everyday diet for the majority of the global population. Apart from being a sweetener, sugar’s efficacy in lowering freezing points and preserving many food products make it an integral part of the food and beverage industry. Furthermore, sugar also finds its applications in the pharmaceutical industry as it is used in cough syrups for its solubility effects and serves as an active ingredient in tablets. Several factors such as increasing population, rising disposable incomes and thriving food and beverage industry continue to thrust forward the growth of the global sugar market.

The report has segmented the market on the basis of major regions. Brazil currently dominates the global sugar market accounting for around 20% of the total global production. Brazil is followed by India, European Union, China and Thailand. The report has also analysed some of the key exporting and importing countries in the global sugar market. Accounting for nearly half of the total sugar exports, Brazil currently represents the world’s biggest sugar exporter. Brazil is followed by Thailand, Australia, Mexico, Guatemala and India. Among the top importing countries, China is currently the world’s largest sugar importer accounting for around 8% of the total global sugar imports. China is followed by Indonesia, European Union, the United States and the United Arab Emirates.

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This report provides a comprehensive analysis for setting up a sugar manufacturing plant. The study covers all the requisite aspects of the sugar industry and provides an in-depth analysis of the global sugar market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists and all those who are planning to foray into the sugar industry in any manner.

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Cancer Generics Market: Industry Trends, Growth, Manufacturing Process, Machinery Requirements, Incomes and Profits

This report provides an insight into the cancer generics market and the requirements to setup and run a cancer generic manufacturing plant (both tablets and injectables). Factors such as capital cost, raw material requirements, machinery requirements, incomes, expenditures, etc. Have been thoroughly analysed in this report

 This report explores the cancer generics market and provides the know-how to start and run a cancer generic drug manufacturing plant. The report finds that cancer generics have a higher entry barrier and product differentiation compared to conventional generics. This has resulted in a lower competitive intensity enabling them to be priced higher with substantially bigger margins.

Generic Oncology Drug Market

IMARC’s latest study “Generic Oncology Drug Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue” provides a comprehensive roadmap for stakeholders who are planning to setup and run a generic oncology drug manufacturing plant. Aspects such as market size, industry trends, manufacturers, land, construction, machinery, labour, investments, revenues, rate of return, margins, etc. have been thoroughly covered in this report.

Key Questions Answered in This Report?

  • What is the key success and risk factors in the generic oncology drug industry?
  • How has the global generic oncology drug market performed so far and how will it perform in the coming years?
  • What is the structure of the generic industry and who are the key players?
  • What are the various unit operations involved in a generic oncology drug manufacturing plant?
  • What is the total size of land required for setting up a generic oncology drug manufacturing plant?
  • What are the machinery requirements for setting up a generic oncology drug manufacturing plant?
  • What are the raw material requirements for setting up a generic oncology drug manufacturing plant?
  • What are the utility requirements for setting up a generic oncology drug manufacturing plant?
  • What are the manpower requirements for setting up a generic oncology drug manufacturing plant?
  • What are the infrastructure costs for setting up a generic oncology drug manufacturing plant?
  • What are the capital costs for setting up a generic oncology drug manufacturing plant?
  • What are the operating costs for setting up a generic oncology drug manufacturing plant?
  • What will be the income and expenditures for a generic oncology drug manufacturing plant?
  • What is the time required to break-even?

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Castor Oil Market, Prices and Manufacturing Plant Project Report

Castor Oil MarketCastor oil is a vegetable oil manufactured by pressing the seeds of castor oil plant also known as “Ricinus Communis”. It is most versatile and colorless to very pale yellow liquid with a distinct taste and odor once first ingested. Castor oil is useful in a various number of industries and applications due to its rich properties and variety of end-uses. The oil is used in the manufacturing of paints, dyes, coatings, inks, cold resistant plastics, soaps, lubricants, hydraulic and brake fluids, waxes and polishes, nylon, pharmaceuticals and perfumes. The global castor oil market is expected to grow at a CAGR of around 4% during 2014-2020. Currently India is leading castor oil producer followed by China and Brazil. Some of the largest producer of castor oil includes Adani Wilmar, Jayant Agro, Gokul Overseas, etc.

IMARC new report entitled “Castor Oil Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue” provides comprehensive analysis of the global castor oil market and describes all key driving factors necessary for setting up a castor oil manufacturing plant. Analysis covered in this report includes the castor oil market size, market trends, project cost, machinery, manufacturing process, feedstock’s, funding, rate of return, profit margins, feedstock requirement, etc.

These are the following key features of the castor oil report

• Key success and risk factors in the castor oil industry.
• Castor oil market performed in the coming years.
• Structure of the castor oil industry and the key players.
• Various unit operations involved in a castor oil plant.
• Total size of land required for setting up a castor oil plant.
• Machinery requirements for setting up a castor oil plant.
• Raw material requirements for setting up a castor oil plant.
• Utility requirements for setting up a castor oil plant.
• Manpower requirements for setting up a castor oil plant.
• Infrastructure costs for setting up a castor oil plant.
• Capital costs for setting up a castor oil plant.
• Operating costs for setting up a castor oil plant.
• Pricing mechanism of various castor oil products.
• Income and expenditures for a castor oil plant.
• Time required to break-even.

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The Cooperative System and the Evolution of the Indian Dairy Industry

From being milk deficient, with both producers and consumers being regularly exploited by middle men, the cooperative movement brought about a paradigm shift in the Indian dairy Industry. The country is now the world’s biggest producer of Milk with the dairy industry becoming one of the most lucrative ventures for investors.

 

India was declared the world’s largest producer of milk in 1999. This was a moment of pride for India as it was a milk-deficit country earlier. This transformation was a result of the collective efforts of various government and semi-government bodies to promote milk production. In 1970 ‘Operation Flood’ was initiated by the National Dairy Development Board (NDDB) with the aim of replicating the Anand/Amul Model across the country.

dairy industry

 

This model was first implemented in the Kheda (formerly Khaira) district in Gujarat and was the first step taken by the Indian government to regularise the milk production and supply. This model was built around a group of cooperatives or institutions owned by rural farmers, who wanted to market their milk collectively. The basic philosophy of the Anand Model was the establishment of a vertically integrated structure which created a direct link between the milk producers and the ultimate consumers. The purpose of the `Operation Flood’ was to revitalise the dairy industry in India by using cooperatives as a catalyst for converting India from a milk-deficit country to a milk-surplus country.

Operation Flood became a very successful initiative and led to dairying become a leading economic activity in the country. The Operation Flood was implemented in three phases and it led to capitalizing the success of running diaries as cooperatives. The success of the Operation Flood and the cooperative movement became an inspiration for several other Asian countries such as Sri Lanka, Bangladesh, Nepal, Philippines and some African countries.

 

flood operation

 

But, why was it felt that there is the need for such an initiative? During the pre-Operation Flood period – middle-men between the producers, mainly the rural farmers, and the ultimate consumers were prevalent. Both, the producer and the consumers were exploited by these middle-men. The producers of milk were concentrated in the rural areas and they were exploited by those who were involved in procuring the milk from them and supplying them to the dairies. On the other hand, the dairies exploited the consumers by charging high prices. There was also the need to make India self-sufficient in milk. Since the late 1990s and the success of the Operation Flood, NDDB has taken the cooperatives movement to other agricultural products too.

It has been offering guidance and training to all parties involved in the dairy and agricultural industry. The Operation Flood created a new policy environment in the dairy sector and linked rural and urban populations, introduced market orientation and technological advancements, developed extension services, and supported the growth of cooperatives in a sustainable manner.

This movement also opened new employment and income avenues in the vulnerable sections in rural areas, thus slowing down the mass migration to the cities. It has also spawned a flourishing dairy machinery industry which is exporting equipment. It is expected that the government will continue to support the dairy industry in India with various initiatives and policies, not only due to its contribution to the growth of the economy, but also to continue improving the well-being of the rural population.

For further information on the Indian dairy industry you can buy our latest report titled “Dairy Industry in India: Market Size, Growth, Prices, Segments, Cooperatives, Private Dairies, Procurement and Distribution”. This report is the fourth edition of our highly acclaimed publication. The study is an outcome of an intensive research of the Indian dairy industry that draws upon a comprehensive analysis of every major dairy segment in the country.

 

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