Global Acetic Acid Market Driven by Rising Demand for VAM and PTA in Developing Regionsby Kanika Sharma Business Consultant The global acetic acid market is witnessing a positive growth owing to the growing demand for acetic acid and its derivatives, such as VAM and PTA, particularly in the developing countries. This can be attributed to the increasing industrialisation and urbanisation rates in these countries.
Acetic acid or ethanoic acid is a colourless liquid with pungent odour and represents an important chemical reagent, particularly in organic chemistry. The chemical production of acetic acid takes place via carbonylation of methanol. It is used as a feedstock in the manufacturing of various synthetic chemicals, ranging from polymers to esters. It is also utilised as a food additive and solvent for various industrial processes. According to IMARC Group’s new report, titled, “Acetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global acetic acid market has grown at a CAGR of more than 6% during 2009 – 2016.
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Created on Sep 13th 2017 07:13. Viewed 571 times.
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