Portland, OR -- (SBWIRE) -- 06/28/2017 -- Acetic acid acid is a colorless liquid with strong and pungent smell, which is also known as ethanoic acid or methanecarboxylic. Approximately 75% of the acetic acid is produced synthetically by carbonylation of methanol and this process. However, acetic acid can also be produced by bacterial fermentation and accounts for only about 10% of world production. This biological route of acetic acid production is majorly used for vinegar production due to food purity laws, which stipulate to use vinegar of biological origin. Its main applications includes production of chemical compounds such as vinyl acetate monomer, acetic anhydride, and ester production. Products of commercial importance made from acetic acid are latex emulsion resins for paints, adhesives, paper coatings, textile finishing agents, cellulose acetate fibers, cigarette filter tow, and cellulosic plastics.

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The report segments acetic acid market on the basis of manufacturing processes, application, and geography. On the basis of manufacturing processes, the market is segmented into synthetic and biological route. According to application, it is classified into vinyl acetate monomer, terephthalic acid, acetic anhydride, acetate esters and Ketene, monochloroacetic, Textiles, dimethylacetamide and others. The geographic breakdown for the report includes for North America, Europe, Asia-Pacific, and LAMEA.

The global acetic acid market has presence of numerous manufacturers that are adopting next generation technologies to bring innovation in the production techniques of acetic acid. Key players are also adopting mergers & acquisitions to expand their presence in global acetic acid market. For instance, Saudi International Petrochemical Company has planned to acquire equities in various companies such as International Acetyl Company Ikarus Petroleum Industries Company, and International Vinyl Acetate Company in June 2015. Comprehensive competitive analysis and profiles of major market players such as Hoechst, Walker Chemie, BASF, Huls, BP Chemicals, Montedison, Nippon Gosei Kagaku and Showa Acetly Chemical, Celanese, and Union Carbide Corporation is also provided in this report.

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ACETIC ACID MARKET KEY SEGMENTS:

World acetic acid market - by Manufacturing Process

Synthetic route
- Methanol carbonylation
- Oxidation of hydrocarbons
- Paraffin oxidation
- Olefin oxidation
- Terephthalic/isophthalic acid coproduct

Biological route

World acetic acid market - by Application

- Vinyl acetate monomer
- Terephthalic acid
- Acetic anhydride
- Acetate esters
- Ketene
- Monochloroacetic,
- Textiles
- Dimethylacetamide
- Others

World acetic acid market - by Geography

North America
- Canada
- United States
- Mexico

Europe
- Germany
- France
- United Kingdom
- Others

Asia-Pacific
- China
- Japan
- Australia
- Others

LAMEA
- Latin America
- The Middle East
- Africa