Acetic Acid Consumption Market worth 16,339.67 Kilotons by 2018
DALLAS, April 30, 2014 /PRNewswire/ –
The report, “Acetic Acid Market & Its Derivatives (Vinyl Acetate Monomer (VAM),
Purified Terephthalic Acid (PTA), Acetic Anhydride, & Ester Solvents- Ethyl Acetate &
Butyl Acetate) Market By Applications & Geography – Trends & Forecasts to 2018″, defines
and segments the global Acetic Acid & its derivatives market with analysis and forecasting
of the global volume and value.
Browse more than 94 market data tables with 34 figures spread through 183 slides and
in-depth TOC on “Acetic Acid Market – Trends & Forecasts to 2018″.
Early buyers will receive 10% customization on this report.
Asia-Pacific – The Biggest Market of Acetic Acid
The Asia-Pacific region is the most promising chemical market and is expected to be
the same in the near future. Asia-Pacific is the world’s largest Acetic Acid Market, which
consumed more than half of the total global demand in 2012, and also for most of its
applications that include vinyl acetate monomer, purified terephthalic acid, acetic
anhydride, and ester solvents – ethyl acetate & butyl acetate. The demand for Acetic Acid
in the region is anticipated to grow at a CAGR of about 5.01% from 2013 to 2018. It is
estimated that China and Taiwan are the biggest consumers of Acetic Acid in the region,
followed by Japan in 2012. India is expected to be the fastest growing market of Acetic
Acid. The continuous rise in the production of end products for use within the region and
for exports derives a huge demand for chemicals. A few of the reasons for the high growth
in this region are growing population, vast economies – developed as well as developing,
and favorable investment policies and government initiatives to promote the industrial
Vinyl Acetate Monomer (VAM) – The Biggest and Ester Solvents (Ethyl Acetate & Butyl
Acetate) – The Fastest Growing Acetic Acid Derivative Markets
Acetic Acid is the main feedstock to manufacture vinyl acetate monomer, which was at
the forefront in terms of volumetric consumption in 2012. It is mainly driven by the
growing demand of polyvinyl acetates and vinyl alcohols, which in turn are accelerating
the demand for Acetic Acid. The demand from the PTA manufacturing segment is estimated to
grow at a very high pace, next only to ester solvents, which is the strongest growth
segment of Acetic Acid. The growing textile and packaging industry is the key driver
behind strong growth of PTA; while budding coatings consumption is pushing the demand of
ester solvents at a notable pace.
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