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Acetic Acid Market For VAM, PTA, Acetate Esters, Acetic Anhydride And Other Applications – Forecast to 2018

February 25, 2014

DUBLIN, February 25, 2014 /PRNewswire/ –

Research and Markets (
http://www.researchandmarkets.com/research/2b22nm/acetic_acid) has announced the
addition of the “Acetic Acid Market For VAM, PTA, Acetate Esters, Acetic Anhydride And
Other Applications – Forecast to 2018″
[http://www.researchandmarkets.com/research/2b22nm/acetic_acid ] report to their offering.

(Logo:
http://photos.prnewswire.com/prnh/20130307/600769 )

Acetic acid (Ethanoic acid) belongs to the family of carboxylic acids and is a
colorless liquid which possesses a distinctive pungent smell and sour taste. It is
classified as a weak acid although its concentrated form is corrosive in nature. Acetic
acid is completely miscible in water and many other polar and non-polar solvents. It
exhibits properties almost similar to other acids of the carboxylic family other than its
unique property of forming ice like crystals, called if in the anhydrous form, a few
degrees below the room temperature at approximately 16.6 degree(s)C, giving it the name of
glacial acetic acid. Acetic acid finds its application as one of the most important
chemical reagent in the chemical industry. It is primarily used in the production of
cellulose acetate, polyvinyl acetate and in the manufacture of synthetic fibers and
fabrics. Apart from its use in the chemical industry it finds major usage in household as
a descaling agent food additive and as a condiment.

Acetic acid produced through methanol carbonylation accounts for almost 75% of the
total production globally. Another major production method of acetic acid is by the
oxidation of acetaldehyde although its share in production is of negligible significance
as compared to the prior mentioned process.

Growing demand for vinyl acetate monomer (VAM) coupled with increasing demand for
purified terephthalic acid (PTA) and ethyl acetate are the major factors driving the
global market for acetic acid. Gradual upheaval of economies from economic depression has
led to many technological changes, which have brought down capital requirements to a huge
extent and have improved the profit margin for companies involved in the manufacturing of
acetic acid. Incessant improvements in technology and focus on process improvement are
further driving the growth of global acetic acid market.

Vinyl acetate monomer (VAM) emerged as the leading application, with over 30% of the
global acetic acid consumption in 2011. Growing end-use industries such as adhesives and
sealants are expected to fuel the acetic acid market growth. VAM was followed by Purified
terephthalic acid (PTA) which is expected to be fastest growing market at an estimated
CAGR of 5.4% in the next six years. Nearly the entire PTA produced globally is consumed in
the manufacturing polyester fiber and polyethylene terephthalate (PET) that is further
used in bottles and other packaging materials. Other key applications including food,
pharmaceuticals, etc. together accounted for least share and are expected to grow at a
lower growth rate compared to major applications, in the coming future.

Key Topics Covered:

1 Preface

2 Executive Summary

3 Acetic Acid: Industry Analysis

4 Global Acetic Acid Market – Application Analysis

5 Acetic Acid Market: Regional Analysis

6 Company Profiles

Companies Mentioned:

        - BASF SE
        - British Petroleum
        - Celanese Corporation
        - China Petroleum & Chemical Corporation (sinopec)
        - DuPont
        - Eastman Chemical Company
        - Jiangsu Sopo
        - Lyondell Basell Industries
        - Mitsubishi Chemical Company
        - PetroChina
        - Sasol Limited
        - Saudi Basic Industries Corporation (SABIC)

For more information visit

http://www.researchandmarkets.com/research/2b22nm/acetic_acid

Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net


    Photo: 

http://photos.prnewswire.com/prnh/20130307/600769

SOURCE Research and Markets


Source: PR Newswire



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