According to a recently published report by Brisk Insights, the Global Acetic Acid Market is expected to grow at the CAGR of 5.25% during 2017-2025. The global acetic acid market is segmented on the basis of applications and geography. The report on global acetic acid market (by application and geography) provides a detailed overview and predictive analysis of the market.
Full report available on Acetic Acid Market: Global Industry Size, Growth, Share and Forecast to 2025 report at http://www.briskinsights.com/report/acetic-acid-market
Growing demand for vinyl acetate monomer (VAM) coupled with increasing demand for purified terephthalic acid (PTA) and ethyl acetate are the major factors driving the global market for acetic acid. In addition, growing proliferation of textile & packaging industry, burgeoning demand from Asia Pacific and rising use of ester solvents in paints & coating industry due to growing infrastructure, specifically in emerging economies are further driving the growth of acetic acid market. Production of acetic acid from bio-based ethanol having less impact on environment and climate will also provide bright future to growth of acetic acid market. However, saturation of demand of acetic acid from end-use industries particularly in North America and Europe is the factor hindering the growth of acetic acid market in the region. Due to high supply and less demand on account of heavy competition, the market is already running at maximum extent possible, thus restraining the further growth in North America and Europe.
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Scope of the report
1. Global Acetic Acid Market, by Application, 2015–2025 (Kilo Tons) ($ Millon)
1.1. Vinyl Acetate Monomer
1.2. Purified Terephthalic Acid (PTA)
1.3. Acetate Esters And Acetic Anhydride
2. Global Acetic Acid Market, by Geography, 2015-2025 ($ Millon)
2.1. North America
2.2.3. Rest of Europe
2.3. Asia Pacific
2.3.4. South Korea
2.3.5. Rest of Asia Pacific
2.4. Latin America (LATAM)
2.4.3. Rest of Latin America
2.5. Middle East and Africa (MEA)
2.5.2. Rest of Middle East and Africa
3. Company Profiles
3.1. BASF SE
3.2. British Petroleum
3.5. Eastman Chemical Company
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