openPR Logo
Press release

Acetic Acid Market To Witness High Growth Due To Increasing Demand For Manufacturing Various Downstream Chemicals By 2022 with Key Players: Hoechst, Walker Chemie, BASF, Huls, BP Chemicals and More

03-20-2019 06:18 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

The world acetic acid market is expected to register substantial growth during the forecast period due to its extensive application in the production of vinyl acetate monomer (VAM) and terephthalic acid (TPA). VAM, used in paints and adhesives consumes approximately 40% to 45% of the worlds acetic acid produced. TPA on the other hand uses acetic acid to manufacture polyethylene terephthalate (PET) plastic bottles for carbonated drinks and resins.

Besides this, acetic acid is also used in the food industry and household items as a preservative. Thus, the high demand for acetic acid in VAM & TPA production and food industry would bolster the acetic acid market growth. However, environmental concerns such as non-biodegradability and emission of harmful elements such as aerosols into the environment can restrain the growth of acetic acid in VAM and TPA production.

Acetic acid acid is a colorless liquid with strong and pungent smell, which is also known as ethanoic acid or methanecarboxylic. Approximately 75% of the acetic acid is produced synthetically by carbonylation of methanol and this process. However, acetic acid can also be produced by bacterial fermentation and accounts for only about 10% of world production. This biological route of acetic acid production is majorly used for vinegar production due to food purity laws, which stipulate to use vinegar of biological origin.

Its main applications includes production of chemical compounds such as vinyl acetate monomer, acetic anhydride, and ester production. Products of commercial importance made from acetic acid are latex emulsion resins for paints, adhesives, paper coatings, textile finishing agents, cellulose acetate fibers, cigarette filter tow, and cellulosic plastics.

Download Sample PDF Brochure of Acetic Acid Market at: https://www.alliedmarketresearch.com/request-toc-and-sample/1389

The report segments acetic acid market on the basis of manufacturing processes, application, and geography. On the basis of manufacturing processes, the market is segmented into synthetic and biological route. According to application, it is classified into vinyl acetate monomer, terephthalic acid, acetic anhydride, acetate esters and Ketene, monochloroacetic, Textiles, dimethylacetamide and others. The geographic breakdown for the report includes for North America, Europe, Asia-Pacific, and LAMEA.

The global acetic acid market has presence of numerous manufacturers that are adopting next generation technologies to bring innovation in the production techniques of acetic acid. Key players are also adopting mergers & acquisitions to expand their presence in global acetic acid market.

For instance, Saudi International Petrochemical Company has planned to acquire equities in various companies such as International Acetyl Company Ikarus Petroleum Industries Company, and International Vinyl Acetate Company in June 2015. Comprehensive competitive analysis and profiles of major market players such as Hoechst, Walker Chemie, BASF, Huls, BP Chemicals, Montedison, Nippon Gosei Kagaku and Showa Acetly Chemical, Celanese, and Union Carbide Corporation is also provided in this report.

Buy now at: https://www.alliedmarketresearch.com/checkout/979461

KEY BENEFITS FOR STAKEHOLDERS:

• In-depth analysis for the key market segments has been done in this report by making market estimations between 2015 and 2022.
• Competitive landscape and value chain are modelled for better understanding of competitive environment across the geographies.
• The projections in this report are made by analysing the current trends and future market potential from 2015 to 2022, which help to explore current and future market potential.
• Geographically, the acetic acid market is systematically analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
• SWOT analysis highlights the internal environment of the leading companies for effective strategy formulation.
• Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
• Key market players within the acetic acid market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of world acetic acid market

About us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David C
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Acetic Acid Market To Witness High Growth Due To Increasing Demand For Manufacturing Various Downstream Chemicals By 2022 with Key Players: Hoechst, Walker Chemie, BASF, Huls, BP Chemicals and More here

News-ID: 1663318 • Views: 139

More Releases from Allied Market Research

Proximity and Displacement Sensors Market - 2020: COVID-19 Scenario, Growth Oppo …
The report titled, “Proximity and Displacement Sensors Market By Type (Inductive, Photoelectric, Capacitive, Ultrasonic, Magnetic & LVDT sensors) and Application (Parking Sensor Systems, Ground Proximity Warning System, Anti-aircraft warfare, Assembly line automation, Vibration monitoring system, Roller coasters, Conveyor systems) - Global Opportunity Analysis and Industry Forecast, 2020-2027” published by Allied Market Research, says that proximity and displacement sensors market is expected to grow sustainably by 2027. The report offers an
Asia-Pacific ATM Market - 2020: COVID-19 Impact, Growth Opportunities and Busine …
The report titled, “Asia-Pacific ATM Market By Solutions (ON site ATMs, Off site ATMs, Work site ATMs, Mobile ATMs, Managed services) and by Type (Conventional ATM, Brown label ATM, White label ATM, Smart ATM, Cash dispenser) - Opportunity Analysis and Industry Forecast, 2020-2027” published by Allied Market Research, says that Asia-Pacific ATM market is expected to grow sustainably by 2027. The report offers an extensive market analysis focusing on key
Travel Insurance Market - 2020: COVID-19 Scenario, Market Share, Growth Opportun …
The report titled, “Travel Insurance Market By Insurance Cover (SingleTrip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), and End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027” published by Allied Market Research, says that travel insurance market is expected to grow sustainably by 2027. The
Crystal Oscillator Market – 2020: COVID-19 Impact, Market Share, Growth Opport …
The report titled, “Crystal Oscillator Market By Technology (AT Cut, BT Cut, and SC Cut), Type (Voltage-Controlled Crystal Oscillator, Temperature-Compensated Crystal Oscillator, Oven-Controlled Crystal Oscillator, and Others), Mounting Scheme (Surface Mount and Thru-Hole), and Industry Vertical (Electronics, IT & Telecommunication, Military & Defense, Automotive & Transport, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2027” published by Allied Market Research, says that crystal oscillator market is expected to grow

All 5 Releases


More Releases for VAM

Global Vinyl Acetate Monomer (VAM) Market is Expected to Reach USD 9.26 Billion …
Transparency Market Research has published a new report titled “Vinyl Acetate Monomer (VAM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” According to the report, global vinyl acetate monomer market was valued at USD 6.82 billion in 2013 and is anticipated to reach USD 9.26 billion in 2020, expanding at a CAGR of 4.5% between 2014 and 2020. Browse the full Vinyl Acetate Monomer (VAM) Market for Polyvinyl
Vinyl Acetate Monomer (VAM) Market Poised to Account for US$ 9.26 Billion By 202 …
Transparency Market Research has published a new report titled “Vinyl Acetate Monomer (VAM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” According to the report, global vinyl acetate monomer market was valued at USD 6.82 billion in 2013 and is anticipated to reach USD 9.26 billion in 2020, expanding at a CAGR of 4.5% between 2014 and 2020. Click to View Complete Report @ https://www.transparencymarketresearch.com/vinyl-acetate-monomer-market.html The
Vinyl Acetate Monomer (VAM) Market - Global Industry Analysis 2020 | Research Re …
Transparency Market Research has published a new report titled “Vinyl Acetate Monomer (VAM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” According to the report, global vinyl acetate monomer market was valued at USD 6.82 billion in 2013 and is anticipated to reach USD 9.26 billion in 2020, expanding at a CAGR of 4.5% between 2014 and 2020. View Full Report: http://www.transparencymarketresearch.com/vinyl-acetate-monomer-market.html The market for
Vinyl Acetate Monomer (VAM) Market - Global Chemical Industry Research 2020
The global market for vinyl acetate is prognosticated to undergo a healthy rise, owing to its multitude of applications in a variety of industries such as automotive, construction, furniture, paints & coatings and packaging. The vinyl acetate monomer (VAM) is largely used as a catalyst during the production of various homopolymers and copolymers, such as polyvinyl alcohol, ethylene-vinyl acetate, and polyvinyl acetate among others. It is a primary component used
Global Vinyl Acetate Monomer(VAM) Market Research Report 2016
This report studies Vinyl Acetate Monomer(VAM) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering DOW DuPont Sipchem BP LyondellBasell Celanese WACKER Shazand Petrochemical NIPPON GOHSEI Dairen Chemical JAPAN VAM & POVAL Vinyl Chemicals India Sinopec Group WWGF Jiangxi Jiangwei High Technolgy Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth
Global Acetic Acid Market Driven by Rising Demand for VAM and PTA in Developing …
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