Press release
Global Acetic Acid Market to Reach 15 Million Tons by 2022
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Acetic acid has been classified as a weak acid and has numerous applications in various industries like pharmaceutical, construction, water treatment, rubber, plastics, etc. Vinegar, which is dilute acetic acid, is used as a food ingredient in kitchen. Acetic acid is also used in the manufacture of vinyl acetate monomer (VAM), purified terepthalic acid (PTA), acetate esters, etc. According to a new report by Expert Market Research, the global acetic acid market reached a volume of 15 Million Tons in 2016 and is further expected to reach a volume of around 19 Million Tons by 2021.
The production of acetic acid has observed a significant growth during 2009-2016. VAM, the largest end-use industry of acetic acid, is used in manufacture of a number of polymers and resins for coatings, adhesives, paints, etc. As a result, the production of acetic acid is booming. Moreover, the rise in the production of other end-products such as PTA, ethylene-vinyl acetate (EVA) copolymers, ethyl acetate and butyl acetate, etc. involving the consumption of acetic acid has also led to an increase in its demand. Population growth, emerging markets and government policies are some of the other factors stimulating the market growth.
Key findings from the report:
The end-use industries of acetic acid include Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), Acetic Anhydride, Ethyl Acetate and Butyl Acetate. Vinyl acetate monomer (VAM) is one of the most rapidly growing end-use industries which accounts for around 33 % of its total global consumption.
Region-wise, Asia dominated the market with a share of more than two-fifth of the total global consumption. It was further followed by North America, Europe and Middle East and Africa.
Being fragmented in nature, the global acetic acid market is surrounded by a number of players. Some of these players include British Petroleum, Celanese, Shanghai Wujing, Jiangsu Sopo, Reliance, Eastman, Lyondell Basell, Daicell, Sipchem, Kuraray.
Read full report with TOC: http://www.expertmarketresearch.com/reports/acetic-acid-market
Expert Market Research has analysed the global acetic acid market according to end-use, major regions and top players:
Market breakup by End-use
Vinyl Acetate Monomer (VAM)
Purified Terephthalic Acid (PTA)
Acetic Anhydride
Ethyl Acetate
Butyl Acetate
Market breakup by Region
Asia
North America
Europe
Middle East & Africa
Top players
British Petroleum
Celanese
Shanghai Wujing
Jiangsu Sopo
Reliance
Browse more reports related to chemical & material research: http://www.expertmarketresearch.com/categories/chemicals-market-reports
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With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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