Acetic Acid Market Worth US$ 15 Billion by 2023

New York, December 20: Market Research Engine has published a new report titled as “Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023”

Acetic Acid Market states that the market will log more than 9% CAGR through the report’s forecast period.

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Acetic acid is an organic compound with strong distinct sour smell. It is colourless and has carbon as its fundamental constituent. Acetic acid is most commonly used to produce VAM (vinyl acetate monomer). Another major application of this acid is in production of acetic anhydride which is useful in photographic films. It also has uses in medical and food industry as it is widely known to be used in vinegar which has extensive uses.

Increasing demand for VAM in various industries such as paints, packaging, adhesives and other industries, is a driving factor for global acetic acid market. Owing to its exponential use in production of acetate anhydride is growth factor. China leads the global market followed with largest market share by volume.

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The global acetic acid market is segmented based on its application which includes vinyl acetate monomer, acetic anhydride, acetate esters and PTA. The market segments in terms of geographical regions include North America, Europe, Asia-Pacific and Rest of the World (ROW).

This report provides:

1) An overview of the global market for acetic acid and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.

3) Identifications of new market opportunities and targeted promotional plans for acetic acid market.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Celanese, British Petroleum (BP), Jiangsu Sopo (Group) Co., Ltd., Eastman Chemicals, DuPont, Saudi International Petrochemicals and Wacker Chemie. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Acetic Acid Market has been segmented as below:

By Application:

• Acetate Esters
• Vinyl Acetate Monomer
• Acetic Anhydride
• PTA

By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (ROW)

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This release was published on openPR.