Europe Acetic Acid Market Trends 2018 | Key Industry Players are BP, Celanese, HELM Ag, DowDuPont, Eastman Chemical Company, Mitsubishi Chemical Corporation, Sinopec International Petroleum Service Corporation, PetroChina, SABIC, Showa Denko K.K. and Wack
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Acetic acid acts as an intermediary for formulating greases, coatings, polyester, and sealants that have applications in diversified industries such as textiles, electronics, automotive and packaging. Fashionable apparel trend among youngsters is increasing and people are preferring more superior quality fabrics, this trend is fueling the textile market growth in Europe from last several years. Vinyl acetic monomers and purified terephthalic acid demand will increase significantly, fueling the acetic acid market growth over the next few years. Europe Vinyl Acetate Monomer (VAM) market demand is expected to witness a significant growth on account of its widening application base in the solar power sector. Key factors, which are likely to drive the VAM demand include a high demand from packaging, solar energy, and footwear industries.
However, there are some limitations, which may restrict the acetic acid demand in coming years at some extent, such as lower compatibility with quarts, corrosive to metals, irritation to skin and reduced performance in lower temperature. Moreover, acetic acid has an acidic odor.
Vinyl Acetate Monomer (VAM) is a primary intermediate, which is used in the production of several polymers and adhesive resins, coatings, paints, films, textiles, and other end products. Swiftly growing paints & coatings industry in the Europe shall propel the acetic acid market growth in near future. Europe construction industry has been undergoing restructuring and renovation activities which will trigger demand for adhesives, coatings, paints, resins, etc. which in turn will have subsequent impact on VAM demand.
Browse key industry insights from this 2018 report Europe Acetic Acid Market in detail along with the table of contents at:
The acetic acid market is diverse and includes giant multi-national players. Chief global players operating in the industry are, British Petroleum Plc, Celanese Corporation, Daicel Corporation, HELM Ag, DowDuPont, GNFC Limited, Eastman Chemical Company, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Sinopec Corporation, PetroChina, SABIC, Showa Denko K.K. and Wacker Chemie AG.
Segments We Cover:
Europe Acetic Acid Market by Application
Vinyl acetate monomer (VAM)
Purified Terephthalic Acid (PTA)
The above information is provided on a country basis for the following:
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