Heatbud logo
TOP CHARTS
BROWSE ZONES
CONTEST
SEARCH
HELP CENTER
LOGIN / SIGNUP
MY ZONES
Login to favorite zones.
TOP ZONES+
  • theshoemart
       
  • Consumer Goods and Services
       
  • emily anderson
       
  • natalia hawkins
       
  • PETER MORGAN
       
  • Adam Muller
       
  • Research Reports
       
  • Business
       
  • Market ResearchNest
       
  • MarketResearch
       
  • Trendy Women Tops That Will Help You To Improve
       
  • eMarketOrg.com
       
  • Health
       
  • AlgoroReports
       
  • Politics
       
  • College
       
  • My Zone
       
  • Beauty and Fashion
       
  • Market Research Report
       
  • Market Research Reports
       
Heatbud Blog Post Contest... Win $50 every month! (for US residents only)
You are in the zone
Research Reports Chemical Industry Visit zone home page
Create a Post in this zone  .  Create a new zone
Global Acetic Acid Market Will be Valued at more than $13 Billion in 2022
16 VIEWS   +   0 UP VOTES Vote Up   -   0 DOWN VOTES Vote Down   +   0 COMMENTS Comments   =   16 HEAT INDEX What is Heat Index?
share elsewhere

According 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.

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.

Browse Details of Report@

https://www.hexaresearch.com/research-report/acetic-acid-industry/

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.

Comments:
1 blogger(s) are following this post, but not you. Follow?
No comments yet.
 
Post a Comment:

 
Related Posts: