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The global acetic acid market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester Sam Dyson USA Jersey , which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015 to 2022. The total global acetic acid demand for PTA was more than 2,450-kilo tons in 2014, which is likely to rise to more than 3,750 kilotons in 2020.

For Sample Report on Visit - VAM is utilized in the manufacture of chemicals like EVA and EVAC. There is a growing consumption of these chemicals in the solvents and adhesives industry, leading to rising demand for VAM. Demand for acetic acid in VAM was more than 3,500-kilo tons in 2014. This application segment is expected to grow at a CAGR of more than 3.9% from 2015 to 2022. VAM will be increasingly demanded by developing economies like China Paul Goldschmidt USA Jersey , India, and Brazil, consequently leading to growth of the acetic acid market in future.


Hexa Research observed that China led the global acetic acid market in 2012 with a share of more than 39% of volumes. A strong manufacturing base and possible expansion of the same in future will contribute to China retaining its market leadership. The Asia Pacific followed China in terms of market share, with key demand emerging from India and Japan. The acetic acid industry in Asia is likely to grow at a CAGR of more than 10% from 2015 to 2022.


Hexa Research identifies Celanese, BP, DuPont Pat Neshek USA Jersey , Eastman Chemicals, BASF, Wacker Chemie and Jiangsu Sopo (Group) Co., Ltd., among others, to be the key participants in the global acetic acid market. The industry showcases a fragmented nature with several manufacturers operating at varied levels of capacities.


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Hexa Research is a market research and consulting organization Nolan Arenado USA Jersey , offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. For more details visit: Total Views: 1Word Count: 377See All articles From Author


The global plastic industry, which is badly hit by financial crisis, is recovering. In the futuristic development of the industry Nate Jones USA Jersey , plastic industry will play the important role. Although the manufacturers in the developed regions are greatly influenced by the economic depression, they improve their competiveness by eliminating the low-quality assets, modifying or newly building the devices. In addition, as the manufacturers in North America own the low-cost ethane as teflon film, their strength is also enhanced.


Based on the statistics, the consumption of engineering plastics in 2009 has reached about 176 million tons. Compared with 2008 Mychal Givens USA Jersey , it is significantly increased. Among them, high-density polyethylene takes up 17%, linear low density polyethylene is 11%, low density polyethylene takes up 10%, polypropylene accounts for 25%, polyvinyl chloride is 18% Matt Carpenter USA Jersey , polyethylene terephthalate accounts for 8% polystyrene is 6%, ABS takes up 4% and polycarbonate is 2%.


In the field of engineering plastics, the marketing requirement for PC and ABS is obviously increased, which is stimulated by the developing regional markets. In the futuristic five years, the global demand for PC will be averagely increased 5.8% annually. By the end of 2015, it will reach about 440 million tons. It is reported that the applications of PC have the fastest increased rate in the automotive glass industry. AMAI also says that the application of PC in the electrical and electronic industry has great increasing potential Marcus Stroman USA Jersey , this market is expected to become the biggest applied filed in 2015, and the main driving force will be the rising PTFE rod.


The expected averagely annual increased rate of Global ABS market is about 5%, which is continue to higher than the global GDP increased rate. And the applied fields of ABS which are fastest increased will be the transportation market and household electronics market, the latter is expected to be annually increased more than 5%. By 2015, it will still remain the biggest application field.


In addition, the report of CMAI also pointes out that in the next few years Luke Gregerson USA Jersey , European and American plastics markets are prospecting, manufacturers’ competitiveness will be enhanced, supply will be slightly tight and the devices will maintain the relatively high operating rate. Some manufacturers are going all out to improving the efficiency and production of special products, and they will implement the reasonable renovation for the high-cost devices.


In terms of statistics of the American Chemical Council, U.S. PE exporting yield creates a new high in 2009, and it will continue this strong momentum in 2010. In 2009 Josh Harrison USA Jersey , most of U.S. engineer plastics are exported to China market, while U.S. will start turning to Canada and Mexico in 2010. Even though the products of Middle East are quite competitive, yet as the North America uses the low-cost ethane as raw materials, and it is vigorously seeking the exporting opportunities, so the imported products from the Middle East won’t pose threat to North American manufacturers.