Home » Building & Construction, Manufacturing & Industry, News & Current Affairs, Services » Global Acetic Acid Market will grow USD 13.65 Billion by 2021: Zion Market Research
According to the report, the global acetic acid market accounted for USD 8.37 billion in 2015 and is expected to reach USD 13.65by 2021, growing at a CAGR of around 8.5% between 2016 and 2021.

Zion Research has published a new report titled “Acetic Acid Market for VAM, Acetate Esters, Acetic Anhydride, PTA and Other Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, the global acetic acid market accounted for USD 8.37 billion in 2015 and is expected to reach USD 13.65by 2021, growing at a CAGR of around 8.5% between 2016 and 2021.

Request Sample Report: https://www.zionmarketresearch.com/sample/acetic-acid-market

The market growth of global acetic acid market has been accelerated by rising demand for vinegar owing to numerous health benefits associated with it. Increasing consumption of PTA in the textile industry for polyester manufacturing coupled with increasing demand of VAM which is used as a precursor is expected to propel the growth of the acetic acid market in coming years. Furthermore, growing textile & packaging industry is expected to fuel the growth of the acetic acid market.In addition,being a chemical reagent and industrial chemical,it is used in the production of cellulose acetate for photographic film, while polyvinyl acetate for synthetic fibers and fabrics.However, volatile prices of methanol and mature market of acetic anhydride may restrict the growth of the market.Nonetheless,increasing demand for industrial application is likely to open growth opportunities for the market in the near future.

Vinyl acetate monomer (VAM) segment dominated the acetic acid market with over 30% share of total volume consumption in 2015.Extensive use of VAM in adhesive and sealant industry are the major factors are expected to fuel the growth in forecast period.Acetate Esters is expected to be the strongest growth segment of the market due to growing demand from coating industry.Increasing demand of PET bottles on account of their light weight and recyclability is expected to propel growth of PTA segment.

Do Inquiry before buying: https://www.zionmarketresearch.com/inquiry/acetic-acid-market

In terms of geography, Asia Pacific is the largest market in terms of consumption and production. China holds more than 40% of production share in 2015. Rising manufacturing industries in Asia Pacific is expected   to prompt the growth of acetic acid market in coming years. The North America is projected to grow with CAGR of 3.6%.

Browse detail report at: https://www.zionmarketresearch.com/report/acetic-acid-market

Some of the key players include in acetic acid market such asEastman Chemical Company, Jiangsu Sopo Co. Ltd, Kingboard Chemical Holdings Ltd, LyondellBasell Industries N.V., BP Plc, SABIC, Sasol, Petro China, Daicel Corporation, Celanese Corporation and among others.

This report segments the global acetic acid market as follows:

Global Acetic Acid Market: Application Segment Analysis

  • VAM
  • Acetate Esters
  • Acetic anhydride
  • PTA
  • Other

 

Global Acetic Acid Market: Regional Segment Analysis

  • North America 
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China 
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

 

Browse Press Release at: https://www.zionmarketresearch.com/news/global-acetic-acid-market

About Us

Zion Market Research is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Zion Market Research is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading industry and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.

Media Contact
Company Name: Zion Market Research
Contact Person: Joel John
Email: sales@zionmarketresearch.com
Phone: +1-386-310-3803
Address:4283, Express Lane, Suite 634-143
City: Sarasota
State: Florida
Country: United States
Website: https://www.zionmarketresearch.com/report/acetic-acid-market

Comments are closed.