Argentina Acetic Acid Market Outlook

argentine acetic acid is a colourless liquid with a distinct pungent odor used in a variety of industrial, household and commercial applications. it is a key raw material in the manufacturing of a wide range of consumer and industrial products including glue, paints, detergents, vinyls and polyethylene terephthalate. while the demand for acetic acid in argentina was hindered by economic recession and disruption from the covid-19 pandemic in 2020, the market is expected to record a strong growth over the forecast period of 2018 to 2032. argentina is one of the leading producers of acetic acid in latin america and the world, driven by increasing demand for acetic acid from local industries to manufacture derivatives such as vinyl acetate monomer (vam), partially esterified cellulose acetate, esters etc. growing demand in the regional agriculture sector for crop protection and animal feed supplements is driving acetic acid usage in the region. the expansion of industrial and manufacturing activities in south america is also providing a major boost to demand for acetic acid from the region. in addition, acetic acid is used as an effective preservative in foods and can help extend shelf life. analysts predict that rising global demand for acetic acid is likely to open new opportunities for the argentine acetic acid market. an increasing focus on process optimization and the development of biotechnological processes for the manufacture of acetic acid offers a lucrative growth avenue and new sources of revenue for existing market participants. manufacturers are aiming to produce superior quality products by adopting advanced processing techniques to meet the growing demand of the domestic and global markets. large, multinational companies which produce acetic acid are expected to benefit from stronger government regulations and safety standards, as well as incentives like tax breaks from regional governments. on the supply side, manufacturers are likely to favor the use of feedstock from renewable sources such as bio-fuels or biogas to reduce dependence on fossil fuels. in summary, analysts anticipate that the outlook for the argentine acetic acid market appears to be positive, with strong potential for growth over the forecast period of 2018 to 2032. market participants are likely to continue to capitalize on the potential opportunities that are emerging due to rising demand in the region and beyond.