Acetic acid produced through methanol carbonylation accounts for almost 75% of the total production globally. Another major production method of acetic acid is by the oxidation of acetaldehyde although its share in production is of negligible significance as compared to the prior mentioned process.
Albany, NY -- (SBWIRE) -- 03/04/2016 -- Acetic acid (Ethanoic acid) belongs to the family of carboxylic acids and is a colorless liquid which possesses a distinctive pungent smell and sour taste. It is classified as a weak acid although its concentrated form is corrosive in nature.Growing demand adhesives and PTA, which are key acetic acid consuming industries, is expected to drive the global acetic acid demand over the next five years. Moreover, growing application markets such as vinyl acetate monomer (VAM) and Polyethylene Terephthalate (PET) are expected to fuel the market growth in the coming future.
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This report analyzes, estimates and forecasts the global acetic acid demand in terms of volumes (kilo tons) and revenues (USD million) from 2010 to 2018. The acetic acid report includes various drivers and restraints of the global market and analyses the impact of these factors over the forecast period. The study provides a comprehensive view of the acetic acid industry, by segmenting the global market by applications as well as geography. Each of acetic acid applications have been analyzed and market data has been provided for the period from 2010 to 2018, both, in terms of volumes (kilo tons) and revenue (USD million).
The report also analyzes each application of acetic acid with their potential of becoming an attractive market by using the market attractiveness analysis tool. The key application included in the acetic acid market are Vinyl acetate monomer (VAM), Purified terephthalic acid (PTA), acetate esters, acetic anhydride, other (pharmaceuticals, food, etc).The demand for each of the acetic acid application mentioned in the report has been given with regional analysis (North America, Europe, Asia Pacific and Rest of the World).
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The report also includes value chain analysis for better understanding each player in the supply chain of acetic acid. The acetic acid report provides detailed analyses of various players and competition in the market using Porter's five forces analysis. The study includes market share and company profiles of the key participants operating in the global acetic acid market. The company profiles provides with company information based on parameters such as company overview, financial overview, business strategies, SWOT analysis and recent developments. Key acetic acid market participants profiled in this report include Celanese, British Petroleum, Jiangsu Sopo, Eastman Chemical, Sinopec, LyondellBasell, Sasol, DuPont, BASF S.E., PetroChina Co. Ltd., Mitsubishi Chemical Company and Saudi Basic Industries Corporation (SABIC) among others.
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Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed the key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This approach has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants' insights, and recognizing business opportunities. The secondary research sources that are typically referred to include, company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases and market reports, news articles, press releases and web-casts specific to the companies operating in the market. Secondary sources referred for acetic acid study include ICIS, plastemart magazine, TPE Magazine, adhesives magazine, greener industry and CCFEI.
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