Apr 27, 2018   SOURCE: BusinessWire

Global Acetic Acid Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

The "Global Acetic Acid Market - Segmented by End-user Industry, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global acetic acid market is expected progress at a CAGR of 4.30% during the forecast period, 2018-2023. The Asia-Pacific region is estimated to lead the market, due to its rapid growth in the global textile market.

Acetic acid is a key building block in the production of various chemicals, such as, vinyl acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters, and acetic anhydride that are further used by a wide range of end-user industries, including synthetic fibers, textiles, inks, and pesticides.

VAM led the market with the highest global consumption in 2017. VAM is a key raw material in the manufacturing of water-based adhesives, which accounts for significant use in the global adhesive and sealants market. The increasing demand from Asia-Pacific is expected to boost the demand for acetic acid, during the forecast period.

Asia-Pacific is the largest consumer of acetic acid in the market, and accounts a share of 34% of the total global demand, followed by North America, in 2017. The growing population coupled, with improving economic conditions, such as, the rising GDP and disposable income of the people, are some of the factors contributing to the growth of the Asia-Pacific market.

Companies Mentioned

  • British Petroleum
  • Celanese
  • Chang Chun Petrochemical Ltd.
  • Chiyoda Corporation
  • Daicel Corporation
  • DuPont
  • Eastman Chemical Co.
  • GNFC Limited
  • HELM AG
  • Jiangsu Sopo Co. Ltd.
  • Kanoria Chemicals & Industries Ltd
  • Kingboard Chemical Holdings Ltd.
  • LyondellBasell
  • Mitsubishi Chemical Company
  • PetroChina
  • SABIC
  • Sasol
  • Saudi International Petrochemical Company
  • Showa Denko K.K
  • Sinopec
  • Svensk Etanolkemi AB
  • Wacker Chemie
  • Yancon Cathay Chemical
  • Yankuang Cathay Coal Chemicals Co. Ltd.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/zwfgm4/global_acetic?w=4