Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Albany, NY -- (SBWIRE) -- 03/10/2015 -- A new report published by Transparency Market Research (TMR) presents a case study of the global acetic acid market for VAM, PTA, acetate esters, acetic anhydride, and other applications across the globe. The report establishes a platform for discussion of the present market conditions and assesses its impact on the future of the global economy. According to the market research report, titled "Acetic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018", the global acetic acid market was valued at US$5.93 billion in 2011 and is expected to reach US$10.31 billion by 2018, growing at a CAGR of 9.3% from 2012 to 2018.
The primary application of acetic acid is seen in the chemical industry as a chemical reagent. It is mainly used for manufacturing polyvinyl acetate, cellulose acetate, synthetic fibers, and fabrics. Other than these applications, acetic acid is also used at household levels as a descaling agent for food additives and as a condiment. Acetic acid is formed by a process called methanol carbonylation, which generates nearly 75% of the total production of acetic acid globally. The other key process used for making acetic acid is oxidation of acetaldehyde. The second process contributes minimally to the global production of acetic acid.The global acetic acid market is segmented on the basis of applications and regions. The application segment of the global acetic acid market is inclusive of vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters, acetic anhydride, and others such as pharmaceuticals and food. In terms of regions, the global acetic acid market includes Europe, North America, China, Rest of the World, and Rest of Asia Pacific.
Get Sample Report :
Application-wise, in 2011, vinyl acetate monomer (VAM) held the biggest market share, of 30%, in the global acetic acid market. The factors contributing to the growth of this sub-segment were growing use of VAM in industries such as the sealants and adhesives industry. However, in the coming six years, purified terephthalic acid (PTA) is expected to grow at the fastest pace, at a 5.4% CAGR. Most of the PTA will be consumed in the production of polyethylene terephthalate (PET) and polyester fiber. PET is further used to make bottles and other such packaging materials. Other applications such as pharmaceuticals and food are expected to grow at a much slower rate in the coming years.
Browse the full Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/acetic-acid-market.html
Geographically, the global acetic acid market was led by China, with the Asian giant accounting for 32% of the total consumption in 2011. Factors contributing to this large consumption were rapid industrialization and a booming economy. Europe and North America will have much slower growth rates due to saturation of the market in the region. The growth of the acetic acid market in Europe will be mainly driven by demand from Eastern European countries such as Russia.
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Blog : https://researchandreports.wordpress.com/