Acetic Acid Market Share, Key Trends, Vendor Strategies, Application Analysis, Regional Outlook & Forecasts to 2020

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Acetic Acid Market Share, Key Trends, Vendor Strategies,

Application Analysis, Regional Outlook & Forecasts To 2020

The global market for acetic acid is expected to reach USD 12.20 billion by 2020. Increasing demand

from application segments such as Vinyl Acetate Monomer (VAM) and Purified Terephthalic Acid (PTA) is

expected to drive demand for acetic acid over the forecast period. PTA is the primary raw material for

the manufacturing of PET which is a polymer extensively used in packaging industry. Positive outlook for

the packaging industry, particularly in Asia Pacific is expected to directly impact the demand for acetic

acid over the next six years.

VAM was the largest application segment for acetic acid and accounted for 32.4% of the global

consumption in 2013. VAM is used in the adhesive and sealant industry, and the expected growth in

automobile and construction industry in India, China, South Korea, Malaysia and Japan is expected to

have a positive impact on the market. PTA was the second largest consumer of acetic acid, accounting

for over 3 million tons in 2013, and is also expected to witness fastest growth, at an estimated CAGR of

5.8% from 2014 to 2020. Growing demand for PET in rigid packaging is expected to drive acetic acid

demand over the next six years. However, the fluctuating raw material availability and prices is expected

to be a key restraint for the growth of this market. The industry anticipates significant opportunity for

producing acetic acid from alternate sources, with the market witnessing significant R&D investment

recently.

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Further key findings from the study suggest:

The global acetic acid market was 10,449.1 kilo tons in 2013 and is expected to grow at a CAGR of...