Europe Acetic Acid Market is Expected to Reach $1.3 Billion in 2018 – New Report by MicroMarket Monitor
The Europe Acetic Acid Market report defines and segments the acetic acid market in Europe with analysis and forecast of revenue. http://www.micromarketmonitor.com/market/europe-acetic-acid-1343748558.html
(PRWEB) July 20, 2014
The Europe Acetic Acid Market report defines and segments the acetic acid market in Europe with analysis and forecast of revenue. The European acetic acid market has been valued at $1.1 billion in the year 2013, growing at 3.5% annually, and is projected to reach $1.3 billion by the end of 2018. The European market constitutes 15.9% of the global acetic acid market.
Browse through the TOC of the Europe Acetic Acid Market report, to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in this market, and is supported by various tables and figures.
Acetic acid is an important chemical with applications in several downstream industries like textiles, food processing and several other industrial chemical processes. Acetic acid prices are mainly driven by the prices of feedstock and methanol and downstream demand for its derivatives, including Vinyl Acetate Monomer (VAM), Purified Terephthalic Acid (PTA), acetic anhydride, and ethyl acetate. VAM is the largest single end-use for acetic acid and is mainly used in paints, adhesives, and coatings. PTA is mainly used in the manufacture of polyester and fibers. An increasing trend of acetate esters being used mainly as solvents for inks, paints, and coatings has also been observed in the last few years. Increasing demand from application segments such as VAM and PTA is expected to drive the demand for acetic acid over the forecast period.
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This market is segmented on the basis of applications and geographies. In applications, it is segmented into Vinyl Acetate, Ester Solvents, Terephthalic acid, and Acetic Anhydride.
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On the technological front, emerging technologies to produce chemicals and derivatives are painting greener avenues for growth within the industry. The adoption of innovative and path-breaking technologies is providing a competitive edge to companies to enhance their profit margins and increase their capacity. Accordingly, manufacturers of acetic acid are increasingly adopting these technologies over age-old technologies such as low-water technology.
Asia-Pacific Acetic acid Market
Asia-Pacific Acetic acid market has been pegged at $4.0b in the year 2013 growing at 6.4% annually and is projected to reach $5.4b by the end of the year 2018.Asia-Pacific Acetic acid constitute 55.9% of Global Acetic acid market and are poised to grow its market share to 57.4% by the end of year 2018.Asia-Pacific Acetic acid market is segmented on basis of applications and geographies.Asia-Pacific Acetic acid are applied in Vinyl Acetate, Terephthalic acid, Ester Solvents and Acetic Anhydride.
The Asia-Pacific Acetic acid report provides deep dive competitive landscape covering the top players such as Celanese Corporation, JIANGSU SOPO (GROUP) CO.LTD., Shanghai Huayi (Group) Company and YANKUANG CATHAY COAL CHEMICALS CO.LTD. (YCCC).
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