Acetic Acid Market in Europe to Witness Significant Growth by 2024 | Key Players BP, Celanese, DAICEL CORPORATION, HELM Ag, DuPont, Eastman Chemical Company, LyondellBasell, SINOPEC

Graphical Research has announced the launch of Acetic Acid Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

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.

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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 Acetic Acid Market by Application
• Vinyl acetate monomer (VAM)
• Purified Terephthalic Acid (PTA)
• Acetate Esters
• Acetic Anhydride
• Others

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.

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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.

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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.

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.

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