Articles

Global Acetic Acid Market Driven by Rising Demand for VAM and PTA in Developing Regions

by 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.


Highlights of the global acetic acid market:

  • VAM (vinyl acetate monomer), represents the fastest growing end-use industry.
  • Growing demand for VAM and PTA is expected to be the major driving factor.
  • Asia dominates the global production, followed by North America, Middle East and Africa.

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The single largest derivative of acetic acid is VAM (vinyl acetate monomer), which is used in the production of adhesives and sealants, paper coatings, textile finishes, photographic films, etc. Another important derivative, PTA (purified terephthalic acid), is used in the construction and packaging industries. Acetic anhydride, also derived from acetic acid, is used in the conversion of cellulose to cellulose acetate. Currently, as a result of the increasing industrialisation and urbanisation rates, particularly in developing regions like Asia-Pacific, Middle-East and Latin America, the demand for acetic acid and its derivatives (primarily VAM and PTA) has increased in various end-use industries. Moreover, the increasing demand for vinegar is also triggering the market due to its wide applications.

On the basis of end-use, the largest and one of the fastest growing end-use sector is vinyl acetate monomer (VAM) industry which accounts for around one-third of the total global consumption. It is followed by PTA, acetic anhydride, ethyl acetate and butyl acetate manufacturing industries. On the basis of key regions, Asia currently represents the largest producer, accounting for the majority of the total global production.  Other major regions include Europe, North America and Middle East & Africa. Some of the key players operating in this market include Celanese, Jiangsu Sopo, Reliance, Shanghai Wujing, BP Chemicals etc.


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The report by IMARC Group has examined the global acetic acid market on the basis of:

End-use:

  • VAM
  • PTA
  • Anhydride
  • Ethyl acetate
  • Butyl acetate

Region:

  • China
  • North America
  • Western/Eastern Europe
  • North East Asia
  • South East Asia
  • Middle East & Africa

Major Manufacturers:

  • British Petroleum
  • Celanese
  • Shanghai Wujing
  • Jiangsu Sopo
  • Reliance


Browse related reports: 

 Tartaric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022: 

http://www.imarcgroup.com/tartaric-acid-technical-material-market-report-2

 Citric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022: http://www.imarcgroup.com/citric-acid-manufacturing-plant



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About Kanika Sharma Advanced   Business Consultant

34 connections, 1 recommendations, 114 honor points.
Joined APSense since, May 14th, 2013, From Arlington, United States.

Created on Sep 13th 2017 07:13. Viewed 411 times.

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