Acetic Acid Market Is Expected to Reach Usd 10.31 Billion in 2018: Transparency Market Research

Transparency Market Research

Acetic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018
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Published Date: Oct 2013

80 Pages Report

REPORT DESCRIPTION Global Acetic Acid Market is Expected to Reach USD 10.31 billion in 2018: Transparency Market Research

Transparency Market Research is Published new Market Report “Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018", The global acetic acid market was valued at USD 5.93 billion in 2011 and is expected to reach USD 10.31 billion by 2018, growing at a CAGR of 9.3% over the forecast period from 2012 to 2018. In terms of volume, global demand was 9,612.5 kilo tons in 2011 and is expected to grow at a CAGR of 4.8% over the forecast period from 2012 to 2018. Vinyl acetate monomer (VAM) and purified terephthalic acid (PTA), which are major applications of acetic acid together accounted for over 55% of the global consumption in 2011. Growing demand of both the applications from the end-use industries such as adhesives, sealants and packaging has been fueling market growth. However, volatile raw material prices may a pose a challenge to the industry participants in the coming future. Vinyl acetate monomer (VAM) dominated market demand and accounted for 32.5% of the global acetic acid consumption in 2011. VAM demand is expected to remain strong over the next five years owing to growth of global adhesives and sealants industry. PTA followed VAM

in terms of consumption and is expected to be fastest growing market at an estimated CAGR of 5.4% over the forecast period from 2012 to 2018. PTA application is expected to show substantial growth on the account of growing demand from polyethylene terephthalate (PET) and other end-uses. Other...