Acetic Acid Market To Exhibit Healthy Growth, China To Retain Regional DominanceA Chapter by David JonesAcetic Acid Market Share, Size, Analysis, Growth, Trends and Forecasts to 2022 | Hexa ResearchAccording to a recent study
conducted by Hexa Research, global acetic acid market will be valued at more
than $13 billion in 2022. Growing demand for applications like Purified
Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this
growth. PTA is increasingly being consumed for manufacturing polyester, which
is an important constituent of the textile and packaging industries. PTA is
expected to witness the fastest growth with a CAGR of more than 4.9% from 2015
to 2022. The total global acetic acid demand for PTA was more than 2,450 kilo
tons in 2014, which is likely to rise to more than 3,750 kilo tons in 2020.
Browse Details of Report @ http://www.hexaresearch.com/research-report/acetic-acid-industry/ VAM is utilized in the manufacture of chemicals like EVA and EVAC. There is growing consumption of these chemicals in the solvents and adhesives industry, leading to rising demand for VAM. Demand for acetic acid in VAM was more than 3,500 kilo tons in 2014. This application segment is expected to grow at a CAGR of more than 3.9% from 2015 to 2022. VAM will be increasingly demanded by developing economies like China, India and Brazil, consequently leading to growth of acetic acid market in future.
Hexa Research observed that China led the global
acetic acid market in 2012 with a share of more than 39% of volumes. A strong
manufacturing base and possible expansion of the same in future will contribute
to China retaining its market leadership. Asia Pacific followed China in terms
of market share, with key demand emerging from India and Japan. The acetic acid
industry in Asia is likely to grow at a CAGR of more than 10% from 2015 to
2022.
Hexa Research identifies Celanese, BP, DuPont, Eastman
Chemicals, BASF, Wacker Chemie and Jiangsu Sopo (Group) Co., Ltd., among
others, to be the key participants in the global acetic acid market. The
industry showcases a fragmented nature with several manufacturers operating at
varied levels of capacities.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-chemicals-industry
About Us: Hexa
Research is a market research and consulting organization, offering industry
reports, custom research and consulting services to a host of key industries
across the globe. We offer comprehensive business intelligence in the form of
industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives. © 2017 David Jones |
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Added on August 28, 2017 Last Updated on August 28, 2017 Tags: Acetic Acid Market, Acetic Acid Industry, Acetic Acid Market application, Acetic Acid Market growth, Acetic Acid Market share AuthorDavid Jonescalifornia, CAAboutResearch Analyst At Hexa Research Which Provides Research Content For All Types Of Domains do check my Articles more..Writing
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