Global Acetic Acid Market size is valued at US$ 9.3 Bn in 2017 and expected to grow at a CAGR of 10% in the forecasting period. Acetic acid acts as an intermediary for formulating coatings, greases, polyester, and sealants that have applications in diversified industries such as electronics, automotive, textiles, and packaging. Increasing trend amongst youngsters for fashionable apparels and superior quality fabrics produced by mills is augmenting the textile industry.
Bio-based chemicals are gaining acceptance as these can act as a complete replacement for fossil-based feedstocks. Product synthesis with bio-based materials is also gaining momentum. Bio-based acetic acid may be manufactured by fermenting corn starch., sugar for ethanol etc. Manufacturers are scouting for bio-based pathways for better understanding of the relative costs of manufacturing the product from biomass as compared to petroleum-based feedstocks.
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Acetic Acid Market
Acetic Acid market is majorly segmented by the application and region wise. Based on applications, the market is segmented as vinyl acetate monomer [VAM], purified terephthalic acid [PTA], acetate esters, and acetic anhydrid. Under this, Vinyl Acetate Monomer (VAM) contributes significantly in the application segment of the acetic acid market. It is consumed widely in making several resins and polymers for textiles, films, paints, coatings, adhesives, and other such products.
Geographically, the market is segmented as North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia Pacific had witnessed a surge in the demand of acetic acid in recent years. The development of manufacturing industries in Indonesia, Laos, Thailand, Cambodia, Vietnam, Japan, and India has boosted the market for acetic acid in the region.
Key Players Profiled and Analised
Key player across the Acetic Acid industry are Mitsubishi Chemical Corporation, Daicel Corporation, GNFC Limited, HELM AG, LyondellBasell Industries N.V., PetroChina and Sinopec. The market is witnessing the trend of mergers & acquisitions. For instance, Eastman Chemical acquired Sterling Chemicals in 2011.
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The Scope of Global Acetic Acid Market:
Global Acetic Acid Market By Application
• Vinyl Acetate Monomer [VAM]
• Purified Terephthalic Acid [PTA]
• Acetate Esters
• Acetic Anhydride
Global Acetic Acid Market By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Acetic Acid Market:
• Wacker Chemie
• Saudi International Petrochemicals
• DuPont
• Eastman Chemical Company
• Jiangsu Sopo (Group) Co., Ltd.
• British Petroleum
• Celanese Corporation
• Mitsubishi Chemical Corporation
• Daicel Corporation
• GNFC Limited
• HELM AG
• LyondellBasell Industries N.V.
• PetroChina
• Sinopec
MAJOR TOC OF THE REPORT
Chapter One: Acetic Acid Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Acetic Acid Market Competition, by Players
Chapter Four: Global Acetic Acid Market Size by Regions
Chapter Five: North America Acetic Acid Revenue by Countries
Chapter Six: Europe Acetic Acid Revenue by Countries
Chapter Seven: Asia-Pacific Acetic Acid Revenue by Countries
Chapter Eight: South America Acetic Acid Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Acetic Acid by Countries
Chapter Ten: Global Acetic Acid Market Segment by Type
Chapter Eleven: Global Acetic Acid Market Segment by Application
Chapter Twelve: Global Acetic Acid Market Size Forecast (2019-2026)
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